NextPlat Corp Quarterly report [Sections 13 or 15(d)]

Note 17 - Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2025

For the Three Months Ended June 30, 2025	*e-Commerce Operations*			*Healthcare Operations*			*Eliminations*		*Total*
e-Commerce revenue	$	4,120		$	—		$	—	$	4,120
Pharmacy prescription and other revenue, net of PBM fees		—			8,173			—		8,173
Pharmacy 340B contract revenue		—			947			—		947
Revenues, net		4,120			9,120			—		13,240

Expenses:
Cost of revenue		3,051			7,306			—		10,357
Selling, general and administrative		739			734			—		1,473
Salaries, wages and payroll taxes		601			1,948			—		2,549
Professional fees		321			194			—		515
Depreciation and amortization		75			75			—		150
Intangible asset amortization		25			—			—		25
Total expenses		4,812			10,257			—		15,069
Loss before other (income) expense		(692	)		(1,137	)		—		(1,829	)
Other (income) expense		(224	)		153			—		(71	)
Loss before income taxes		(468	)		(1,290	)		—		(1,758	)
Income taxes		(31	)		—			—		(31	)
Net loss	$	(499	)	$	(1,290	)	$	—	$	(1,789	)

For the Three Months Ended June 30, 2024	*e-Commerce Operations*			*Healthcare Operations*			*Eliminations*			*Total*
e-Commerce revenue	$	3,512		$	—		$	—		$	3,512
Pharmacy prescription and other revenue, net of PBM fees		—			10,521			—			10,521
Pharmacy 340B contract revenue		—			2,956			—			2,956
Revenues, net		3,512			13,477			—			16,989

Expenses:
Cost of revenue		2,401			8,730			—			11,131
Selling, general and administrative		837			826			(60	)		1,603
Salaries, wages and payroll taxes		1,165			2,287			—			3,452
Impairment loss		—			9,792			—			9,792
Professional fees		620			384			—			1,004
Depreciation and amortization		114			89			—			203
Intangible asset amortization		32			668			—			700
Total expenses		5,169			22,776			(60	)		27,885
Loss before other income		(1,657	)		(9,299	)		60			(10,896	)
Other income		(210	)		(23	)		60			(173	)
Loss before income taxes		(1,447	)		(9,276	)		—			(10,723	)
Income taxes		(20	)		—			—			(20	)
Net loss	$	(1,467	)	$	(9,276	)	$	—		$	(10,743	)

For the Six Months Ended June 30, 2025	*e-Commerce Operations*			*Healthcare Operations*			*Eliminations*		*Total*
e-Commerce revenue	$	7,126		$	—		$	—	$	7,126
Pharmacy prescription and other revenue, net of PBM fees		—			18,263			—		18,263
Pharmacy 340B contract revenue		—			2,376			—		2,376
Revenues, net		7,126			20,639			—		27,765

Expenses:
Cost of revenue		5,332			16,087			—		21,419
Selling, general and administrative		1,406			1,499			—		2,905
Salaries, wages and payroll taxes		1,237			4,027			—		5,264
Professional fees		772			348			—		1,120
Depreciation and amortization		157			163			—		320
Intangible asset amortization		51			—					51
Total expenses		8,955			22,124			—		31,079
Loss before other (income) expense		(1,829	)		(1,485	)		—		(3,314	)
Other (income) expense		(365	)		143			—		(222	)
Loss before income taxes		(1,464	)		(1,628	)		—		(3,092	)
Income taxes		(40	)		—			—		(40	)
Net loss	$	(1,504	)	$	(1,628	)	$	—	$	(3,132	)

For the Six Months Ended June 30, 2024	*e-Commerce Operations*			*Healthcare Operations*			*Eliminations*			*Total*
e-Commerce revenue	$	6,377		$	—		$	—		$	6,377
Pharmacy prescription and other revenue, net of PBM fees		—			21,845			—			21,845
Pharmacy 340B contract revenue		—			6,260			—			6,260
Revenues, net		6,377			28,105			—			34,482

Expenses:
Cost of revenue		4,462			19,300			—			23,762
Selling, general and administrative		1,453			1,586			(120	)		2,919
Salaries, wages and payroll taxes		2,220			4,595			—			6,815
Impairment loss		—			9,924			—			9,924
Professional fees		1,127			862			—			1,989
Depreciation and amortization		239			173			—			412
Intangible asset amortization		38			1,360			—			1,398
Total expenses		9,539			37,800			(120	)		47,219
Loss before other (income) expense		(3,162	)		(9,695	)		120			(12,737	)
Other (income) expense		(413	)		(48	)		120			(341	)
Loss before income taxes		(2,749	)		(9,647	)		—			(12,396	)
Income taxes		(47	)		—			—			(47	)
Net loss	$	(2,796	)	$	(9,647	)	$	—		$	(12,443	)