NextPlat Corp
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- NextPlat Corp (NASDAQ: NXPL), a global e-commerce platform company, operates in high-growth sectors including technology, healthcare, and satellite communications; it provides satellite-enabled voice, data, tracking, and IoT solutions through subsidiaries Global Telesat Communications Ltd, Orbital Satcom Corp, and Outfitter Satellite, with partnerships alongside Iridium, Globalstar, and Starlink; offers pharmacy services, 340B support, compounding, third-party administration, telehealth, data management, long-term care, and over-the-counter products via Progressive Care Inc. and PharmcoRx; distributes OPKO Health products in China and markets its own Florida Sunshine brand of liposomal vitamins supporting immunity, energy, and heart health; and facilitates consumer goods sales across global online storefronts, marketplaces, and platforms like Amazon, Shopify, Alibaba's Tmall, targeting consumers, enterprises, governments, and remote sectors such as maritime, aviation, and land mobile in over 195 countries. Founded in 2009 and headquartered in Coconut Grove, Florida, the company rebranded from Orbsat Corp in 2022 to reflect its expanded e-commerce focus. Recent developments include the September 2024 completion of its merger with Progressive Care Inc., creating a unified healthcare and e-commerce entity with expected revenue synergies and cost reductions; Q3 2025 revenue of $13.8 million amid refocusing efforts, cost cuts exceeding $2 million annually through staff reductions and efficiency gains, a new 340B subcontract driving prescription volumes over 3,000 monthly, Florida Sunshine launches in the UK and EU, and selection as exclusive Nordic distributor for a satellite network operator's messaging products.
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