COCONUT
GROVE, Fla., Dec. 9, 2024
/PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW)
("NextPlat" or the "Company"), a global e-commerce provider, today
announced that subject to final accounting and auditing, that it
expects to report higher than expected annual 2024 revenue of
approximately $63 million, an
increase of over 70% compared to fiscal 2023 results.
Results are driven by continued growth in satellite connectivity
products, increases in high margin recurring airtime revenue and
contributions from the healthcare business.
The Company expects to file its annual report on Form 10-K for
the year ended December 31, 2024 with
the Securities and Exchange Commission, on or before March 31, 2025 and host an earnings conference
call with investors.
About NextPlat Corp
NextPlat is a global
e-commerce platform company created to capitalize on multiple
high-growth sectors and markets including technology and
healthcare. Through acquisitions, joint ventures and
collaborations, the Company intends to assist businesses in selling
their goods online, domestically, and internationally, allowing
customers and partners to optimize their e-commerce presence and
revenue. NextPlat currently operates an e-commerce
communications division offering voice, data, tracking, and IoT
products and services worldwide as well as pharmacy and healthcare
data management services in the United
States through its subsidiary, Progressive Care LLC.
Forward-Looking Statements
Certain statements in this
release constitute forward-looking statements. These statements
include the capabilities and success of the Company's business and
any of its products, services, or solutions. The words "believe,"
"forecast," "project," "intend," "expect," "plan," "should,"
"would," and similar expressions and all statements, which are not
historical facts, are intended to identify forward-looking
statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other
factors, including the Company's ability to launch new data-driven
tools and services and its ability to grow and expand as intended,
any of which could cause the Company to not achieve some or all of
its goals or the Company's previously reported actual results,
performance (finance or operating), including those expressed or
implied by such forward-looking statements. More detailed
information about the Company and the risk factors that may affect
the realization of forward-looking statements is set forth in the
Company's filings with the Securities and Exchange Commission (the
"SEC"), copies of which may be obtained from the SEC's website at
www.sec.gov. The Company assumes no, and hereby disclaims any,
obligation to update the forward-looking statements contained in
this press release.
Media and Investor Contact for NextPlat Corp:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
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SOURCE NextPlat Corp.