NetworkNewsBreaks – NextPlat Corp. (NASDAQ: NXPL) Reports Record FY 2022 Revenue, 51% Sales Increase
NextPlat Corp. (NASDAQ: NXPL), a global e-commerce provider, is reporting on its financial results for the full year ended Dec. 31, 2022. Financial highlights of the report include revenues of $11.7 million, a 51.3% increase over revenue numbers from 2021, with Q4 2022 revenue coming in at $2.6 million, approximately 26.9% higher than the same period in 2021; annual sales at GTC, the company's European operation, increased 77.9% with sales at OSC, the company's North American operation, up more than 34.2%. Gross margins totaled 21.2%, a decrease from 24.0% reported for the previous year, and operating expenses for the full…