NextPlat reports 35% gross margins and pharmacy acquisition

NextPlat Corp (NASDAQ: NXPL) issued a mid-year shareholder update on July 28, 2026, detailing operational results and growth initiatives across its healthcare and e-commerce segments.

The company reported record consolidated gross margins of 35% for the quarter ended March 31, 2026, with its Healthcare Operations segment posting a 39% gross margin, compared to roughly half that level a year earlier. The company attributed the improvement to growth in 340B contracted pharmacy services, with higher-margin 340B prescriptions rising more than 70% from year-ago levels through early second quarter 2026.

NextPlat added six new 340B contracts in the second quarter, exceeding the five added in the first quarter. The company held more than $11 million in cash as of March 31, 2026, with no material long-term debt.

The company announced the acquisition of an independent pharmacy near Pensacola, Florida, which it said is expected to add approximately $5.6 million in annual revenue. NextPlat said it is seeking additional pharmacy acquisitions in Florida to expand its brick-and-mortar network.

Its PharmcoRx subsidiary recently received NABP Specialty Pharmacy Accreditation from the National Association of Boards of Pharmacy. The company also deployed ClearMetrX 4.0, an AI-powered healthcare data analytics platform, releasing it to multiple customers including some under annual subscription plans.

In the e-commerce segment, government sector sales surpassed $1.75 million in the first half of 2026, driven by satellite-enabled push-to-talk hardware deployments across U.K. ministerial departments and foreign military customers. The company said it plans to launch a dedicated e-commerce website in the third quarter to fulfill prescriptions and ship over-the-counter products to all 50 U.S. states.

NextPlat said it plans to release second quarter 2026 earnings and hold a conference call next month.

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