NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets for physical and digital assets. The Company intends to collaborate with businesses, optimizing their ability to sell their goods online, domestically, and internationally, and enabling customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications services division through its Global Telesat Communications Ltd and Orbital Satcom Corp business units that offer voice, data, tracking, and IoT services to customers in 195 countries through multiple global storefronts.
Company profile
Ticker
NXPL, NXPLW
Exchange
Website
CEO
David Phipps
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ADVANCED 3-D ULTRASOUND SERVICES INC, ECLIPS ENERGY TECHNOLOGIES, INC., ECLIPS MEDIA TECHNOLOGIES, INC., Great West Resources, Inc., Orbital Tracking Corp., ORBSAT CORP, SILVER HORN MINING LTD., SWIFTY CARWASH & QUIK LUBE INC, WORLD ENERGY SOLUTIONS, INC., YSEEK INC
SEC CIK
Corporate docs
Subsidiaries
Orbital Satcom Corp. • Global Telesat Communications Limited ...
IRS number
650783722
NXPL stock data
Latest filings (excl ownership)
PRE 14A
Preliminary proxy
27 Mar 23
EFFECT
Notice of effectiveness
8 Feb 23
S-3/A
Shelf registration (amended)
3 Feb 23
CORRESP
Correspondence with SEC
3 Feb 23
UPLOAD
Letter from SEC
1 Feb 23
8-K
Other Events
27 Jan 23
S-3
Shelf registration
26 Jan 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
5 Jan 23
D
$8.01 mm in equity / options, sold $8.01 mm, 48 investors
21 Dec 22
8-K
NextPlat Announces Completion of $8.0M Private Offering of Common Stock and Warrants Priced Above Market
14 Dec 22
Latest ownership filings
3/A
DOUGLAS ELLENOFF
2 Mar 23
4
John Edward Miller
20 Dec 22
4
David Phipps
20 Dec 22
4
Charles M. Fernandez
20 Dec 22
4
Rodney Barreto
20 Dec 22
4
Robert Phillip Jr. Bedwell
6 Dec 22
3
Robert Phillip Jr. Bedwell
6 Dec 22
4
Cecile Munnik
5 Dec 22
3
Cecile Munnik
5 Dec 22
SC 13D/A
Progressive Care Inc.
22 Nov 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 12.47 mm | 12.47 mm | 12.47 mm | 12.47 mm | 12.47 mm | 12.47 mm |
| Cash burn (monthly) | 2.67 mm | 389.09 k | 752.95 k | 692.11 k | 280.94 k | 318.79 k |
| Cash used (since last report) | 15.97 mm | 2.33 mm | 4.51 mm | 4.15 mm | 1.68 mm | 1.91 mm |
| Cash remaining | -3.50 mm | 10.14 mm | 7.96 mm | 8.32 mm | 10.79 mm | 10.56 mm |
| Runway (months of cash) | -1.3 | 26.1 | 10.6 | 12.0 | 38.4 | 33.1 |
Institutional ownership, Q3 2022
12.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 11 |
| Opened positions | 3 |
| Closed positions | 2 |
| Increased positions | 2 |
| Reduced positions | 2 |
| 13F shares | Current |
|---|---|
| Total value | 517.00 k |
| Total shares | 1.20 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Palmer Roland Elton | 679.01 k | $0.00 |
| Joe Don Setina Family | 320.98 k | $0.00 |
| Geode Capital Management | 66.33 k | $145.00 k |
| Omnia Family Wealth | 64.93 k | $224.00 k |
| Vanguard | 40.86 k | $90.00 k |
| Susquehanna International | 15.95 k | $35.00 k |
| UBS UBS Group AG - Registered Shares | 5.03 k | $11.00 k |
| Advisor | 3.00 k | $7.00 k |
| Tower Research Capital | 2.44 k | $5.00 k |
| WFC Wells Fargo & Co. | 30.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Dec 22 | Charles M. Fernandez | Common Stock | Buy | Acquire P | Yes | No | 1.75 | 1,085,714 | 1.90 mm | 3,658,667 |
| 14 Dec 22 | Charles M. Fernandez | Common Stock Warrants Common Stock | Buy | Acquire P | Yes | No | 1.75 | 1,085,714 | 1.90 mm | 1,685,714 |
| 14 Dec 22 | Rodney Barreto | Common Stock | Buy | Acquire P | Yes | No | 1.75 | 1,085,714 | 1.90 mm | 1,476,085 |
| 14 Dec 22 | Rodney Barreto | Common Stock Warrants Common Stock | Buy | Acquire P | Yes | No | 1.75 | 1,085,714 | 1.90 mm | 1,085,714 |
| 14 Dec 22 | Phipps David | Common Stock | Buy | Acquire P | No | No | 1.75 | 28,500 | 49.88 k | 421,788 |
| 14 Dec 22 | Phipps David | Common Stock Warrants Common Stock | Buy | Acquire P | No | No | 1.75 | 28,500 | 49.88 k | 28,500 |
| 14 Nov 22 | Cecile Munnik | Stock Options Common Stock | Grant | Acquire A | No | No | 1.71 | 50,000 | 85.50 k | 50,000 |