NextPlat expects sequential growth in 340B revenue for Q4 2025

NextPlat Corp (NASDAQ: NXPL, NXPLW) announced expectations for sequential quarterly growth in 340B revenue for the fourth quarter of 2025, according to a company statement issued December 10.

The healthcare and technology solutions company reported nearly 75% sequential quarterly revenue growth in 340B contract revenue during the second half of 2025, driven by new business initiatives.

Based on preliminary results from October through early December 2025, NextPlat expects business development activities to generate over 12,000 additional 340B and contracted prescriptions, driving sequential growth in quarterly volumes compared to the third quarter of 2025.

Chairman Rodney Barreto has agreed to an expanded role in business development activities. These efforts have resulted in two revenue-generating healthcare contracts secured earlier in 2025. Barreto has served as a NextPlat director since January 2022 and is one of the company's largest shareholders.

"As an investor and Chairman of NextPlat, I am pleased with the progress being made by our expanded leadership team to refocus and grow the business," Barreto stated.

NextPlat is exploring joint venture opportunities and potential acquisitions to expand its pharmacy services business in Florida and nationally. The company operates e-commerce communications services and pharmacy and healthcare data management services through its subsidiary Progressive Care.

CEO David Phipps noted that efforts to streamline operations and improve customer support are contributing to positive sequential revenue improvement.

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