- CEO
- David Phipps
- Full Time Employees
- 162
- Sector
- Technology
- Industry
- Software - Application
- Address
- 3250 Mary Street Coconut Grove NV United States of America 33133
- IPO Date
- Nov 2, 1999
- Business
- NextPlat Corp (Nasdaq: NXPL, NXPLW) is a global consumer products and services company providing healthcare and technology solutions through e-commerce and retail channels worldwide. Founded in 2009 as Orbital Tracking Corp and headquartered in Coconut Grove, Florida, the company operates across e-commerce platforms, communications, and healthcare segments; it offers satellite-enabled voice, data, tracking, and IoT solutions through brands including Global Telesat Communications, Orbital Satcom, and Outfitter Satellite, partnering with network operators such as Iridium, Globalstar, and Starlink; distributes consumer products via over 30 global storefronts, marketplaces like Amazon, Alibaba, eBay, and Walmart, and proprietary sites serving more than 150,000 customers in 160+ countries across Europe, North America, South America, Asia-Pacific, and Africa; and delivers pharmacy services, healthcare data management, 340B support, analytics, long-term care, and OTC benefits through subsidiaries including Progressive Care Inc. and PharmcoRx, with exclusive distribution of OPKO Health products in China and its own Florida Sunshine brand of liposomal vitamins. Recent developments include the October 2024 completion of a merger with Progressive Care Inc. to unify healthcare and technology operations; September 2025 leadership changes appointing Rodney Barreto as Chairman and David Phipps as CEO to drive business refocusing; the launch of Florida Sunshine vitamins in Europe, North America, and with initial China approval; ClearMetrx subsidiary's announcement of AI-powered ClearMetrX 4.0 software; a multi-state prescription fulfillment contract awarded to its healthcare division in November 2025; expanded partnerships with Garmin and Zoleo for satellite trackers; and Q3 2025 revenue of $13.8 million amid cost-cutting and growth initiatives.