Replies to post #1982 on NextPlat Corp (NXPL)

[Turbomunkey]

Thanks for the transcript Garrox

[RIOgrande44]

Definitely not what we hoped for. but things are slowly improving. .

Net loss attributable to NextPlat Corp common shareholders for the year ended December 31, 2024, was approximately $14.0 million, or ($0.68) per diluted share, compared to a net loss attributable to NextPlat Corp common shareholders of approximately $3.8 million, or ($0.22) diluted earnings per share, reported for the year ended December 31, 2023.
The Company ended 2024 with approximately $20.0 million in cash representing a net cash burn of approximately $6.3 million from the end of 2023. The use of cash primarily consists of approximately $3.4 million in non-recurring operating expenses related to the merger of Progressive Care and approximately $1.0 million relating to the Outfitter Satellite acquisition completed during fiscal 2024. Excluding non-recurring operating expenses, total cash used in recurring operating activities was approximately $2.0 million.

[Marcus Welby MD]

One might assume that NXPL would repurchase shares at this level to maintain the $1 price. Earlier this year, Michael G. told me that Chairman Fernandez likes to know about the questions expressed by shareholders. My personal opinion is to gauge the level of discontent. Does anyone know if the executive managers read these posts?