NextPlat Board of Directors Approves $2,000,000 Share Buyback Program
NextPlat (NASDAQ: NXPL) has announced a $2 million share buyback program of its outstanding common stock. The company projects record 2024 annual revenue exceeding $63 million, representing over 70% growth compared to 2023. This growth is attributed to increased satellite connectivity products sales, higher margin recurring airtime revenue, and healthcare business contributions.
The company maintains flexibility in the timing, manner, and amount of repurchases, which may be conducted through various means including open market or private transactions. NextPlat expects to fund the buyback through existing cash reserves and future cash flows, while targeting positive operating cash flows by late 2025.
NextPlat (NASDAQ: NXPL) ha annunciato un programma di delle sue azioni ordinarie in circolazione. L'azienda prevede un fatturato annuale record per il 2024 che supererà i 63 milioni di dollari, rappresentando una crescita di oltre il 70% rispetto al 2023. Questa crescita è attribuita all'aumento delle vendite di prodotti per la connettività satellitare, a maggiori ricavi da airtime ricorrenti con margini più elevati e ai contributi del settore sanitario.
L'azienda mantiene la flessibilità nella tempistica, modalità e quantità di riacquisti, che possono essere effettuati attraverso vari mezzi, inclusi mercati aperti o transazioni private. NextPlat prevede di finanziare il riacquisto attraverso riserve di liquidità esistenti e flussi di cassa futuri, puntando a generare flussi di cassa operativi positivi entro la fine del 2025.
NextPlat (NASDAQ: NXPL) ha anunciado un programa de recompra de acciones de 2 millones de dólares de sus acciones ordinarias en circulación. La compañía proyecta ingresos anuales récord para 2024 que superarán los 63 millones de dólares, lo que representa un crecimiento de más del 70% en comparación con 2023. Este crecimiento se atribuye al aumento en las ventas de productos de conectividad por satélite, mayores ingresos recurrentes de tiempo de aire con márgenes más altos y contribuciones del negocio de salud.
La empresa mantiene flexibilidad en el momento, la forma y el monto de las recompras, que pueden realizarse a través de diversos métodos, incluidos mercados abiertos o transacciones privadas. NextPlat espera financiar la recompra a través de reservas de efectivo existentes y flujos de efectivo futuros, mientras apunta a generar flujos de efectivo operativos positivos para finales de 2025.
NextPlat (NASDAQ: NXPL)은 자사의 발행된 보통주의 2백만 달러에 해당하는 자사주 매입 프로그램을 발표했습니다. 이 회사는 2024년 연간 매출이 6,300만 달러를 초과할 것으로 예상하며, 이는 2023년에 비해 70% 이상의 성장을 나타냅니다. 이러한 성장은 위성 연결 제품 판매 증가, 더 높은 마진의 반복적인 공중전화 수익, 그리고 헬스케어 사업 기여 덕분입니다.
회사는 다양한 방법, 즉 공개 시장 거래 또는 개인 거래를 통해 매입의 시기, 방식 및 금액에 있어 유연성을 유지합니다. NextPlat은 기존 현금 보유와 미래 현금 흐름을 통해 자사주 매입을 자금을 조달할 예정이며, 2025년 말까지 긍정적인 운영 현금 흐름을 목표로 하고 있습니다.
NextPlat (NASDAQ: NXPL) a annoncé un programme de rachat d'actions de 2 millions de dollars pour ses actions ordinaires en circulation. L'entreprise prévoit un chiffre d'affaires annuel record pour 2024 dépassant 63 millions de dollars, représentant une croissance de plus de 70 % par rapport à 2023. Cette croissance est attribuée à l'augmentation des ventes de produits de connectivité par satellite, à des revenus récurrents provenant de l'airtime avec des marges plus élevées et aux contributions du secteur de la santé.
L'entreprise conserve la flexibilité quant au moment, à la manière et au montant des rachats, qui peuvent être effectués par le biais de divers moyens, y compris le marché ouvert ou des transactions privées. NextPlat s'attend à financer le rachat par le biais de réserves de liquidités existantes et de flux de trésorerie futurs, tout en visant des flux de trésorerie d'exploitation positifs d'ici fin 2025.
NextPlat (NASDAQ: NXPL) hat ein Aktienrückkaufprogramm über 2 Millionen Dollar für seine ausstehenden Stammaktien angekündigt. Das Unternehmen rechnet mit einem Rekordjahresumsatz von über 63 Millionen Dollar für 2024, was ein Wachstum von über 70% im Vergleich zu 2023 bedeutet. Dieses Wachstum wird auf gestiegene Verkäufe von Satellitenverbindungsprodukten, höhere wiederkehrende Umsatzmargen im Luftzeitbereich und Beiträge im Gesundheitswesen zurückgeführt.
Das Unternehmen behält sich die Flexibilität in Bezug auf die zeitliche Planung, die Art und Weise sowie die Höhe der Rückkäufe vor, die durch verschiedene Mittel, einschließlich offenen Markthandels oder privater Transaktionen, durchgeführt werden können. NextPlat plant, den Rückkauf aus bestehenden Barreserven und zukünftigen Cashflows zu finanzieren, und strebt an, bis Ende 2025 positive operative Cashflows zu erzielen.
- Projected record revenue of $63+ million for 2024, representing 70% YoY growth
- Implementation of $2 million share buyback program
- Strong balance sheet with significant cash position
- Increasing high-margin recurring airtime revenue
- Company not expected to achieve positive cash flow until late 2025
Insights
Revenue Growth and Expected Operational Cost-Cutting and Efficiencies to Support Goal of Positive Cash Flow in Late 2025
The timing, manner, price, and amount of any repurchases under the share repurchase program will be determined by the Company at its discretion. Purchases may be effected through open market transactions, privately negotiated transactions, transactions structured through investment banking institutions, or other means. The Company is not obligated to repurchase any specific number of shares and the program may be modified, suspended, or discontinued at any time.
The Company recently announced that it expects to report record 2024 annual revenue in excess of
"Over the past year, our team has made significant investments into the future of NextPlat, expanding our global e-Commerce and domestic healthcare businesses, positioning it to deliver continued double-digit revenue growth in 2025," said Charles M. Fernandez, Executive Chairman and CEO of NextPlat. "Expected growth and our focus on generating positive operating cashflows in 2025, supported by a strong balance sheet with a sizable cash position, provides confidence in the opportunities ahead of us and through this buyback program, we hope to capture the unrecognized intrinsic value present in our common stock."
Purchases under this program may be funded from NextPlat's existing cash and cash equivalents and/or future cash flows.
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
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.
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