v3.25.1
Consolidated Statements of Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 65,483 $ 37,756
Cost of revenue 49,254 26,445
Gross profit 16,229 11,311
Operating expenses:    
Selling, general and administrative 7,860 9,910
Salaries, wages and payroll taxes 11,441 6,643
Impairment loss 13,653 13,895
Professional fees 4,401 1,981
Depreciation and amortization 2,498 2,110
Total operating expenses 39,853 34,539
Loss before other (income) expense (23,624) (23,228)
Other (income) expense:    
Gain on sale or disposal of property and equipment (94) 0
Interest expense 81 79
Interest earned (731) (620)
Asset Impairment Charges 111 28
Other income (2) (317)
Foreign currency exchange rate variance 65 (107)
Total other (income) expense (570) (937)
Loss before income taxes (23,054) (22,291)
Income taxes (71) (28)
Loss before equity in net loss of affiliate (23,125) (22,319)
Gain on remeasurement of fair value of equity interest in affiliate prior to acquisition 0 11,352
Equity in net loss of affiliate 0 (1,440)
Net loss (23,125) (12,407)
Net loss attributable to non-controlling interest 9,100 8,629
Net loss attributable to NextPlat Corp (14,025) (3,778)
Comprehensive loss:    
Net loss (23,125) (12,407)
Foreign currency loss (3) (22)
Comprehensive loss (23,128) (12,429)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (14,025) $ (3,778)
Weighted number of common shares outstanding – basic and diluted (in shares) 20,614 17,494
Basic and diluted loss per share (in dollars per share) $ (0.68) $ (0.22)
Product [Member]    
Revenue $ 54,941 $ 32,389
Cost of revenue 49,033 26,313
Service [Member]    
Revenue 10,542 5,367
Cost of revenue $ 221 $ 132

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