ACCESS Newswire
15 Aug 2022, 16:55 GMT+10
Company Prepares for New Global E-Commerce Infrastructure with Upgraded Websites, Global Marketplace Expansion and Development of NextPlat Digital NFT Platform
COCONUT GROVE, FL / ACCESSWIRE / August 15, 2022 / NextPlat Corp (NASDAQ:NXPL, NXPLW) ('NextPlat' or the 'Company'), a global e-commerce provider, today announced financial results for the second quarter ended June 30, 2022.
Financial highlights of the quarter ended June 30, 2022 included:
'We are pleased that our second quarter results continue to demonstrate our ability to generate impressive top-line performance during a time where global demand for satellite-based connectivity and tracking solutions is significantly outpacing supply. In response to increased demand, our team is working to ensure that we can continue to efficiently meet the needs of customers by implementing additional enhancements to our platform, securing additional inventory, and increasing the diversity of products we can offer,' said Charles M. Fernandez, Executive Chairman and CEO of NextPlat.
David Phipps, President of NextPlat and CEO of Global Operations, added, 'Thanks to our previous investments into inventory, we were able to generate strong e-commerce results despite significantly constrained global product availability. Importantly, supported by our newly upgraded and expanded infrastructure, we are now seeing strong transaction growth in both the Business-to-Business (B2B) and Business-to-Consumer (B2C) segments of our business, at our company-owned websites as well as at our third-party marketplaces including Amazon, Alibaba, and E-Bay.'
Operational and organizational highlights of the quarter ended June 30, 2022, and recent developments included:
Mr. Fernandez concluded, 'Utilizing our recently completed investments in our technology infrastructure and e-commerce platforms, we are now entering the next phase of our strategic growth plan, specifically, expanding into new market sectors through acquisitions and joint ventures. By leveraging the significant new capabilities of our global e-commerce platform, we can bolster our growth in the satcom market for physical assets and begin our move into the digital space with the further development of NextPlat Digital. Once launched, NextPlat Digital will help brands and partners of all kinds to tap into the excitement of Web3, enabling them to capitalize on the future of e-commerce, build communities and create new, valuable long-term revenue streams.'
About NextPlat Corp
NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets for physical and digital assets. The Company intends to collaborate with businesses, optimizing their ability to sell their goods online, domestically, and internationally, and enabling customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications services division through its Global Telesat Communications Ltd and Orbital Satcom Corp business units that offer voice, data, tracking, and IoT services to customers worldwide through multiple global storefronts.
Forward-Looking Statements
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words 'believe,' 'forecast,' 'project,' 'intend,' 'expect,' 'plan,' 'should,' 'would,' and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including the Company's ability to launch additional e-commerce capabilities for physical and digital assets, transact business in crypto currencies and its ability to grow and expand as intended, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the 'SEC'), copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
Media and Investor Contact for NextPlat Corp:
Michael Glickman
MWGCO, Inc.
917-397-2272
[email protected]
SOURCE: NextPlat Corp
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