NextPlat Corp (NXPL) is a Communication Services stock trading at $8.48 (as of 2026-08-20), with a market capitalization of $23.01M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
NextPlat Corp, together with its subsidiaries, provides mobile satellite services (MSS) solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and Internet of Things (IoT) connectivity services in the United States and internationally. It offers satellite communications products, which enable users to make voice calls, send and receive text messages and emails, and transmit GPS location coordinates virtually; GPS enabled emergency locator distress beacons that enables essential communication between customers, and search and rescue organizations during emergency situations and pinpoint locational information to search and rescue services; and SolarTrack, an IoT tracking device powered by the sun for tracking and monitoring anything that moves or remote asset used outdoors. The company also offers GTCTrack, a subscription-based mapping and tracking portal that allows managers to track, command, and control assets in near-real-time. The company provides its solutions for businesses, governments, military, humanitarian organizations, and individual users. It offers its products and services directly to end users and reseller networks; operates e-commerce websites that offer a range of MSS products and solutions; and offers portable satellite voice, data, and tracking solutions through various third-party e-commerce storefronts. The company was formerly known as Orbsat Corp. and changed its name to NextPlat Corp in January 2022. NextPlat Corp is headquartered in Coconut Grove, Florida.
NextPlat Corp provides mobile satellite services (MSS) that support satellite-enabled voice, text and email, GPS location transmission, tracking, and IoT connectivity, and it sells GPS enabled emergency locator distress beacons that enable essential communication for customers and search and rescue organizations, with revenue tied to providing these satellite communications and connectivity capabilities.
The profit model is structural to recurring communication and connectivity enablement (voice, messaging, location, and related tracking services), where operating results depend on sustaining demand and converting that usage and contract activity into revenue, and not on one-time activity.
| Healthcare Ops | $0.0B |
| E-Commerce | $0.0B |
Business quality (Weak): Some operational and segment metrics provided (healthcare and 340B pharmacy measures) do not clearly match the mobile satellite services description, and the latest quarter revenue is extremely small and appears rounded, but the quarter does show gross margin at 34.6% and a negative operating margin of -11.2%.
| Price | $8.48 |
| Market Cap | $23.01M |
| Price / Book | 1.40 |
| Price / Sales | 0.51 |
| FCF Yield | -54.4% |
| Revenue (TTM) | $54.32M |
| Net Margin | -19.3% |
| Revenue Growth (YoY) | -17.0% |
| EPS Growth (YoY) | -35.3% |
| FCF Growth (YoY) | 9.7% |
| Altman Z-Score | 12.18 (safe) |
| Piotroski F-Score | 3/9 (weak) |
| Sector P/E (Communication Services) | 24.4 |
| Industry P/E (Communication) | 17.9 |
| Top Institutional Holder | VANGUARD GROUP INC ($128651.00) |
| Institutional Holders Tracked | 10 |
| Sector | Communication Services |
| Industry | Communication |
| CEO | David Phipps |
| Employees | 162 |
| Country | US |
| IPO Date | 1999-11-02 |
Data as of 2026-08-20.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.