NextPlat Appoints Rodney Barreto as Chairman of the Board and David Phipps as Chief Executive Officer to Lead Ongoing Business Refocusing Efforts
Leadership Changes: NextPlat Corp has appointed Rodney Barreto as Chairman of the Board and David Phipps as CEO, both of whom were previously in interim roles following the passing of the former Chairman and CEO.
Business Initiatives and Cost-Cutting: The company is executing various initiatives including new business opportunities in healthcare, operational improvements, and cost reductions, such as consolidating headquarters to save approximately $240,000 annually starting in 2026.
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NextPlat Expands IoT Portfolio with Telit Cinterion Partnership for Advanced 5G Solutions
- Market Expansion: NextPlat's subsidiary GTC has partnered with Telit Cinterion to add advanced 5G connectivity solutions, which is expected to drive sales growth in the industrial and enterprise IoT markets, supporting a global market increase from $1.18 trillion to $2.65 trillion.
- Technology Integration: By integrating Telit Cinterion's intelligent IoT solutions, GTC will enhance its existing satellite and terrestrial connectivity offerings, thereby improving service quality for clients in sectors such as manufacturing, agriculture, and logistics.
- Collaboration Benefits: This partnership not only simplifies connectivity management for customers but also reduces operational risks, which is anticipated to accelerate time-to-market across industries, further enhancing GTC's competitiveness in over 150 countries.
- Strategic Opportunity: GTC CEO David Phipps stated that this collaboration presents a significant opportunity for GTC to engage in the rapidly growing IoT market, highlighting the company's commitment to future technological advancements and investment.
NextPlat Expands IoT Portfolio with Telit Cinterion Partnership for 5G Solutions
- Market Expansion: NextPlat's subsidiary GTC has partnered with Telit Cinterion to add advanced 5G connectivity solutions, which is expected to drive sales growth in the industrial and enterprise IoT markets, contributing to the global IoT market's rise from approximately $1.18 trillion to $2.65 trillion.
- Technology Integration: This collaboration enhances GTC's existing satellite and terrestrial connectivity offerings, boosting its competitiveness in rapidly growing sectors such as manufacturing, agriculture, and logistics, while improving customer connectivity management capabilities.
- Strategic Partnership: The partnership not only allows GTC to leverage Telit Cinterion's global infrastructure but also simplifies connectivity management for customers, reduces operational risks, and accelerates time-to-market across industries, enhancing overall business efficiency.
- Industry Leadership: As one of Europe's largest satellite connectivity providers, GTC further solidifies its leadership position in the global IoT market through this collaboration, demonstrating keen insight into future technological innovations and market demands.
NextPlat Reports 75% Sequential Revenue Growth in 340B Contract Revenue for Q2 2025
- Significant Revenue Growth: NextPlat achieved nearly 75% sequential revenue growth in Q2 2025, primarily driven by newly secured 340B contracts, indicating strong momentum in the healthcare sector.
- Strategic Business Development: The company successfully secured two new healthcare contracts through expanded business development activities, further driving revenue growth and enhancing market competitiveness.
- Increased Customer Engagement: Customer engagement activities from October to early December 2025 are expected to generate over 12,000 additional 340B prescriptions, significantly boosting quarterly volumes and demonstrating success in expanding the customer base.
- Leadership Support: Chairman Rodney Barreto has expanded his role in business development, which is anticipated to bring more strategic opportunities to the company, further driving long-term growth and enhancing shareholder value.
NextPlat Reports 75% Sequential Growth in 340B Contract Revenue in Q2 2025
- Significant Revenue Growth: NextPlat achieved nearly 75% sequential revenue growth in Q2 2025, primarily driven by newly secured healthcare contracts, indicating strong potential for development in the healthcare services sector.
- Increase in Contract Volume: The company anticipates over 12,000 additional 340B contracted prescriptions from October to December 2025, which will further drive quarterly volume growth and enhance its competitiveness in the healthcare market.
- Leadership Expansion: Chairman Rodney Barreto has taken on an expanded role in business development, successfully facilitating two new revenue-generating contracts, reflecting the company's proactive progress in strategic restructuring and market expansion.
- Optimistic Future Outlook: CEO David Phipps stated that as business momentum continues to grow, the company expects to demonstrate tangible financial progress in the coming months, further enhancing shareholder value.
Gorilla Technology Shares Rise Approximately 14%; Check Out 20 Stocks Making Moves in Premarket Trading
Gorilla Technology Group Performance: Gorilla Technology Group Inc. reported a 32% year-over-year revenue increase to $26.5 million for Q3, leading to a 13.7% rise in its share price during pre-market trading.
Other Gainers in Pre-Market Trading: Notable stocks that surged include Olema Pharmaceuticals (up 53%), Lobo Technologies (up 40.3%), and Aspire Biopharma (up 30.7%), among others.
Losers in Pre-Market Trading: LifeMD Inc. saw a significant drop of 26.2% after disappointing financial results, while Alpha Technology Group and NextPlat Corp also experienced notable declines.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with some companies reporting strong earnings while others faced setbacks.
NextPlat Reports Third Quarter 2025 Results
Financial Performance: NextPlat Corp reported Q3 2025 revenue of approximately $13.8 million, a decrease from $15.4 million in Q3 2024, primarily due to a decline in healthcare operations. However, the company anticipates improved performance in Q4 2025 driven by increased prescription volumes and cost-cutting measures.
Cost-Cutting Initiatives: The company has successfully reduced operating expenses to approximately $4.7 million in Q3 2025, down from $7.8 million in the previous year, through staff reductions and operational efficiencies, which are expected to contribute to further improvements in financial metrics.
Healthcare Segment Growth: NextPlat's healthcare segment is experiencing a resurgence with increased prescription volumes, particularly in the 340B program, and the addition of new customers, which is expected to drive significant revenue growth in the upcoming quarters.
E-Commerce Developments: The e-commerce division continues to perform well, particularly in satellite-based connectivity and IoT products, with ongoing expansion in sales channels and new product launches, including a marketing campaign for Florida Sunshine products in China.
NextPlat Expands IoT Portfolio with Telit Cinterion Partnership for Advanced 5G Solutions
- Market Expansion: NextPlat's subsidiary GTC has partnered with Telit Cinterion to add advanced 5G connectivity solutions, which is expected to drive sales growth in the industrial and enterprise IoT markets, supporting a global market increase from $1.18 trillion to $2.65 trillion.
- Technology Integration: By integrating Telit Cinterion's intelligent IoT solutions, GTC will enhance its existing satellite and terrestrial connectivity offerings, thereby improving service quality for clients in sectors such as manufacturing, agriculture, and logistics.
- Collaboration Benefits: This partnership not only simplifies connectivity management for customers but also reduces operational risks, which is anticipated to accelerate time-to-market across industries, further enhancing GTC's competitiveness in over 150 countries.
- Strategic Opportunity: GTC CEO David Phipps stated that this collaboration presents a significant opportunity for GTC to engage in the rapidly growing IoT market, highlighting the company's commitment to future technological advancements and investment.
NextPlat Expands IoT Portfolio with Telit Cinterion Partnership for 5G Solutions
- Market Expansion: NextPlat's subsidiary GTC has partnered with Telit Cinterion to add advanced 5G connectivity solutions, which is expected to drive sales growth in the industrial and enterprise IoT markets, contributing to the global IoT market's rise from approximately $1.18 trillion to $2.65 trillion.
- Technology Integration: This collaboration enhances GTC's existing satellite and terrestrial connectivity offerings, boosting its competitiveness in rapidly growing sectors such as manufacturing, agriculture, and logistics, while improving customer connectivity management capabilities.
- Strategic Partnership: The partnership not only allows GTC to leverage Telit Cinterion's global infrastructure but also simplifies connectivity management for customers, reduces operational risks, and accelerates time-to-market across industries, enhancing overall business efficiency.
- Industry Leadership: As one of Europe's largest satellite connectivity providers, GTC further solidifies its leadership position in the global IoT market through this collaboration, demonstrating keen insight into future technological innovations and market demands.
NextPlat Reports 75% Sequential Revenue Growth in 340B Contract Revenue for Q2 2025
- Significant Revenue Growth: NextPlat achieved nearly 75% sequential revenue growth in Q2 2025, primarily driven by newly secured 340B contracts, indicating strong momentum in the healthcare sector.
- Strategic Business Development: The company successfully secured two new healthcare contracts through expanded business development activities, further driving revenue growth and enhancing market competitiveness.
- Increased Customer Engagement: Customer engagement activities from October to early December 2025 are expected to generate over 12,000 additional 340B prescriptions, significantly boosting quarterly volumes and demonstrating success in expanding the customer base.
- Leadership Support: Chairman Rodney Barreto has expanded his role in business development, which is anticipated to bring more strategic opportunities to the company, further driving long-term growth and enhancing shareholder value.
NextPlat Reports 75% Sequential Growth in 340B Contract Revenue in Q2 2025
- Significant Revenue Growth: NextPlat achieved nearly 75% sequential revenue growth in Q2 2025, primarily driven by newly secured healthcare contracts, indicating strong potential for development in the healthcare services sector.
- Increase in Contract Volume: The company anticipates over 12,000 additional 340B contracted prescriptions from October to December 2025, which will further drive quarterly volume growth and enhance its competitiveness in the healthcare market.
- Leadership Expansion: Chairman Rodney Barreto has taken on an expanded role in business development, successfully facilitating two new revenue-generating contracts, reflecting the company's proactive progress in strategic restructuring and market expansion.
- Optimistic Future Outlook: CEO David Phipps stated that as business momentum continues to grow, the company expects to demonstrate tangible financial progress in the coming months, further enhancing shareholder value.
Gorilla Technology Shares Rise Approximately 14%; Check Out 20 Stocks Making Moves in Premarket Trading
Gorilla Technology Group Performance: Gorilla Technology Group Inc. reported a 32% year-over-year revenue increase to $26.5 million for Q3, leading to a 13.7% rise in its share price during pre-market trading.
Other Gainers in Pre-Market Trading: Notable stocks that surged include Olema Pharmaceuticals (up 53%), Lobo Technologies (up 40.3%), and Aspire Biopharma (up 30.7%), among others.
Losers in Pre-Market Trading: LifeMD Inc. saw a significant drop of 26.2% after disappointing financial results, while Alpha Technology Group and NextPlat Corp also experienced notable declines.
Market Overview: The pre-market trading session showed a mix of gains and losses across various stocks, with some companies reporting strong earnings while others faced setbacks.
NextPlat Reports Third Quarter 2025 Results
Financial Performance: NextPlat Corp reported Q3 2025 revenue of approximately $13.8 million, a decrease from $15.4 million in Q3 2024, primarily due to a decline in healthcare operations. However, the company anticipates improved performance in Q4 2025 driven by increased prescription volumes and cost-cutting measures.
Cost-Cutting Initiatives: The company has successfully reduced operating expenses to approximately $4.7 million in Q3 2025, down from $7.8 million in the previous year, through staff reductions and operational efficiencies, which are expected to contribute to further improvements in financial metrics.
Healthcare Segment Growth: NextPlat's healthcare segment is experiencing a resurgence with increased prescription volumes, particularly in the 340B program, and the addition of new customers, which is expected to drive significant revenue growth in the upcoming quarters.
E-Commerce Developments: The e-commerce division continues to perform well, particularly in satellite-based connectivity and IoT products, with ongoing expansion in sales channels and new product launches, including a marketing campaign for Florida Sunshine products in China.
