NextPlat Corp Warrants - NXPLW STOCK NEWS

NextPlat Corp announces the acquisition of Outfitter Satellite Inc. to double North American technology e-commerce sales and recurring revenue. The all-cash transaction aims to enhance profitability, expand product offerings, and enter international markets.

NextPlat Corp acquires Outfitter Satellite Inc. to more than double North American technology e-commerce product sales and recurring revenue. The all-cash transaction is expected to close on April 1, 2024, expanding NextPlat's offerings and driving increased profitability.

Progressive Care Inc. (RXMD) expands PharmcoRx's patient access to supplemental health insurance benefits for in-pharmacy purchase of OTC products. PharmcoRx announced an agreement with ProHealth Connect LLC to extend OTC benefits to qualifying members nationwide, including those with Medicare Advantage plans. The partnership allows members of leading MA plans such as United HealthCare, Humana, Devoted, Sharecare, and others to purchase OTC healthcare products and medicines using their plan benefits at all PharmcoRx pharmacies. CMS estimates a rise in MA enrollment from 31.6 million in 2023 to 33.8 million in 2024.

PharmcoRx Pharmacy, a subsidiary of Progressive Care Inc (RXMD), expands in-pharmacy offerings through a partnership with the Mark Cuban Cost Plus Drug Company, offering patients access to low-cost generic and branded medications. The agreement includes PharmcoRx locations being listed as participating pharmacies in the Team Cuban Card provider directory, providing consumers with increased access to medications at reduced costs.

NextPlat Corp (NASDAQ: NXPL, NXPLW) reports double-digit growth in both healthcare and e-commerce operations, with consolidated revenues of $15.3 million in Q3 2023. Gross margins increased to 30%, and net income was approximately $2.6 million. The company ended the quarter with $26.3 million in cash. The PR highlights the company's financial performance, strategic acquisitions, and expansion into the Chinese market through Alibaba's Tmall Global platform.

Progressive Care Inc. (OTCQB: RXMD) reports record third quarter revenues of $12.4 million, a 22% increase from the prior year period. The company attributes the growth to strong performance in its PharmcoRx pharmacies and 340B contract business. Gross profit margin increased to 31% from 21% in the same period of 2022, and cash balance as of September 30, 2023, was approximately $7.0 million. NextPlat Corp, along with the Chairman and Vice-Chairman of Progressive Care, now collectively owns 53% of the company's voting common stock, signifying a change in control. The company looks forward to further capitalizing on growth opportunities and delivering value to patients, providers, and shareholders.

NextPlat Corp announces e-commerce agreement to sell OPKO Health Europe products in China

NextPlat Corp to present at 8th Annual Dawson James Conference on October 12th, 2023.

NextPlat Corp (NASDAQ:NXPL)(NASDAQ:NXPLW) increased its strategic ownership of Progressive Care Inc., expanding its exposure to the rapidly growing healthcare sector. Financial highlights of the three months ended June 30, 2023, included a revenue increase to approximately $3.0 million, gross margin improvement to 28.5%, operating expenses of approximately $4.2 million, and a net loss of approximately $4.3 million due to a non-cash charge of approximately $1.4 million related to the Company's strategic investment in Progressive Care Inc. The Company ended the quarter with approximately $20.6 million in cash. NextPlat launched its e-commerce development program with Alibaba's Tmall Global, enabling Florida-based companies to access the multi-billion-dollar Chinese consumer market.