Latest news with #CharlesFernandez
Associated Press
27-05-2025
- Business
- Associated Press
NextPlat Issues Statement on the Passing of its Executive Chairman and CEO Charles M. Fernandez
The Company Names Rodney Barreto as Interim Chairman of the Board and David Phipps as Interim Chief Executive Officer COCONUT GROVE, Fla., May 27, 2025 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ('NextPlat' or the 'Company'), a global e-Commerce provider today issued the following statement with great sadness regarding the sudden passing of Charles M. Fernandez, its Executive Chairman and CEO on Saturday, May 24, 2025. Mr. Fernandez served as the Company's Executive Chairman and Chief Executive Officer since July 2021. NextPlat's Board of Directors has named Rodney Barreto, currently the Chair of the Company's Audit Committee as Interim Chairman of the Board and David Phipps, currently the Company's President and CEO of Global Operations and Director, as Interim Chief Executive Officer as the Board seeks to identify leadership candidates for the roles. Doug Ellenoff, Vice Chairman of NextPlat, said, 'We are shocked and saddened by Charlie's unexpected passing and wish to extend our sincere condolences to his family. Charlie's quiet demeanor and commitment to his family, friends, and to NextPlat, will be missed.' Mr. Barreto has served as Director of NextPlat since January 2022. His business career spans over 35 years including his role at the Barreto Group and as a partner of Capital City Consulting, a corporate and public affairs consulting firm recognized by policy makers as one of the top in its industry in Florida. He is the Chair of the FIFA Miami World Cup Host Committee 2026 and chaired the Super Bowl Host Committees in 2007, 2010 and 2020, helping to raise more than $100 million dollars for the success of Miami Super Bowls. Currently, Mr. Barreto is the Vice Chairman of the Florida Council of 100, and a member of multiple philanthropic Boards. Mr. Phipps currently serves as the Managing Director of NextPlat's UK subsidiary, GTC, and President of its two US subsidiaries, Orbital Satcom and Outfitter Satellite. He previously served as the Company's CEO and Chairman from 2015 to 2021, leading the Company from start-up through to its listing on Nasdaq in 2021. Mr. Fernandez is survived by his wife and three children. Out of respect for the family's privacy during this difficult period, the Company will not be providing any additional comments at this time. About NextPlat Corp NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets including technology and healthcare. Through acquisitions, joint ventures and collaborations, the Company intends to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-Commerce communications division offering voice, data, tracking, and IoT products and services worldwide as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care. 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 consumer and healthcare products 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 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] View original content to download multimedia: SOURCE NextPlat Corp.
Scottish Sun
02-05-2025
- Scottish Sun
Caribbean island with UK flights and world's best beaches to be even easier to travel to this summer
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A CARRIBEAN island nation will be even easier to travel to this summer due to a new digital arrival and departure system. The twin-island nation of Antigua and Barbuda boast 365 reef-lined beaches, with clear waters and golden sand. Sign up for Scottish Sun newsletter Sign up 6 Antigua and Barbuda boast 365 reef-lined beaches Credit: Alamy 6 And now, due to a new digital system, it will be easier to get to the islands Credit: Alamy 6 Travellers will be able to pre-submit their details online Credit: Alamy And both British Airways and Virgin Atlantic fly directly from London to Antigua. But now, it will be even easier to head to the destination as a digital arrival and departure system for travellers at VC Bird International Airport, in Antigua, has been launched. The new portal will allow travellers to pre-submit their details and spend less time queuing at the airport, the Antigua and Barbuda Tourism Authority has said. Passengers will use the website - - on their phone or tablet to take a photo of their passport, which allows them to pre-fill essential details. They will also answer a few question about their trip and customs declarations. Once complete, a QR code will be issued to be shown at Immigration and Customs. The code can be saved by the traveller to their iPhone Wallet, via screenshot or accessed through email confirmation. The platform will soon be expanded to include arrivals via seaport and for private jet travellers. Charles Fernandez, minister for tourism, civil aviation and transportation, said: "This is an important milestone in our ongoing mission to enhance the visitor experience for all who travel to Antigua and Barbuda. "With we are prioritising efficiency, ease and a truly seamless transition from plane to paradise," reports Travel Weekly. Dominican Republic is the cheapest Caribbean island In addition to world-class beaches, Antigua and Barbuda are home to many historical sites including Nelson's Dockyard. Popular spots such as Dickenson Bay, feature calm waters making them perfect for swimming, kayaking and other water sports. Alternatively, there are also quiet and secluded beaches, such as Ffryes Beach, which boasts calm waters. The islands are also home to rainforests and a wide range of wildlife. A new international airport opened on Barbuda last year, costing $14million (£10.8million). 6 The scheme could be expanded in the future to include the port Credit: Getty 6 It takes around nine hours to fly to the islands Credit: Alamy The airport is due to improve the island's "connectivity, tourism and economic growth", according to authorities. But, for the foreseeable future, Barbuda International Airport will only accommodate private flights. However, flights are still available to VC Bird International Airport, which takes just under nine hours to fly to and flights cost from around £500. One woman quit the UK to live on one of the cheapest Caribbean islands. Plus, the unspoiled Caribbean island away from the crowds – with one of the world's shortest runways.
The Irish Sun
02-05-2025
- The Irish Sun
Caribbean island with UK flights and world's best beaches to be even easier to travel to this summer
A CARRIBEAN island nation will be even easier to travel to this summer due to a new digital arrival and departure system. The twin-island nation of 6 Antigua and Barbuda boast 365 reef-lined beaches Credit: Alamy 6 And now, due to a new digital system, it will be easier to get to the islands Credit: Alamy 6 Travellers will be able to pre-submit their details online Credit: Alamy And both British Airways and Virgin Atlantic fly directly from London to Antigua. But now, it will be even easier to head to the destination as a digital arrival and departure system for travellers at VC Bird International Airport, in Antigua, has been launched. The new portal will allow travellers to pre-submit their details and spend less time queuing at the Passengers will use the website - - on their phone or tablet to take a photo of their Read more on the Caribbean They will also answer a few question about their trip and Once complete, a QR code will be issued to be shown at Immigration and Customs. The code can be saved by the traveller to their The platform will soon be expanded to include arrivals via seaport and for Most read in News Travel Charles Fernandez, minister for tourism, civil aviation and transportation, said: "This is an important milestone in our ongoing mission to enhance the visitor experience for all who travel to "With we are prioritising efficiency, ease and a truly seamless transition from plane to paradise," reports Dominican Republic is the cheapest Caribbean island In addition to world-class beaches, Antigua and Barbuda are home to many historical sites including Nelson's Dockyard. Popular spots such as Dickenson Bay, feature calm waters making them perfect for swimming, kayaking and other water sports. Alternatively, there are also quiet and The islands are also home to A 6 The scheme could be expanded in the future to include the port Credit: Getty 6 It takes around nine hours to fly to the islands Credit: Alamy The airport is due to improve the island's "connectivity, tourism and economic growth", according to authorities. But, for the foreseeable future, Barbuda International Airport will only accommodate However, flights are still available to VC Bird International Airport, which takes just under nine hours to fly to and flights cost from around £500. One Plus, the 6 In addition to great beaches, the islands boast rainforests and historical landmarks Credit: Alamy
The Sun
02-05-2025
- The Sun
Caribbean island with UK flights and world's best beaches to be even easier to travel to this summer
A CARRIBEAN island nation will be even easier to travel to this summer due to a new digital arrival and departure system. The twin-island nation of Antigua and Barbuda boast 365 reef-lined beaches, with clear waters and golden sand. 6 6 And both British Airways and Virgin Atlantic fly directly from London to Antigua. But now, it will be even easier to head to the destination as a digital arrival and departure system for travellers at VC Bird International Airport, in Antigua, has been launched. The new portal will allow travellers to pre-submit their details and spend less time queuing at the airport, the Antigua and Barbuda Tourism Authority has said. Passengers will use the website - - on their phone or tablet to take a photo of their passport, which allows them to pre-fill essential details. They will also answer a few question about their trip and customs declarations. Once complete, a QR code will be issued to be shown at Immigration and Customs. The code can be saved by the traveller to their iPhone Wallet, via screenshot or accessed through email confirmation. The platform will soon be expanded to include arrivals via seaport and for private jet travellers. Charles Fernandez, minister for tourism, civil aviation and transportation, said: "This is an important milestone in our ongoing mission to enhance the visitor experience for all who travel to Antigua and Barbuda. "With we are prioritising efficiency, ease and a truly seamless transition from plane to paradise," reports Travel Weekly. Dominican Republic is the cheapest Caribbean island In addition to world-class beaches, Antigua and Barbuda are home to many historical sites including Nelson's Dockyard. Popular spots such as Dickenson Bay, feature calm waters making them perfect for swimming, kayaking and other water sports. Alternatively, there are also quiet and secluded beaches, such as Ffryes Beach, which boasts calm waters. The islands are also home to rainforests and a wide range of wildlife. A new international airport opened on Barbuda last year, costing $14million (£10.8million). 6 6 The airport is due to improve the island's "connectivity, tourism and economic growth", according to authorities. But, for the foreseeable future, Barbuda International Airport will only accommodate private flights. However, flights are still available to VC Bird International Airport, which takes just under nine hours to fly to and flights cost from around £500. One woman quit the UK to live on one of the cheapest Caribbean islands. Plus, the unspoiled Caribbean island away from the crowds – with one of the world's shortest runways. 6
Yahoo
25-03-2025
- Business
- Yahoo
NextPlat Corp (NXPL) Q4 2024 Earnings Call Highlights: Strategic Mergers and Revenue Growth ...
Total Revenue: Approximately $65.5 million for the year. Healthcare Segment Gross Profit: Decreased from 32% in 2023 to 25% in 2024. E-commerce Segment Gross Profit: Slightly decreased to 25% due to rising inventory costs and price pressures. Cash Position: Ended the year with approximately $20 million in cash. Non-recurring Expenses: Significant costs related to the Progressive Care merger and litigation settlement of approximately $750,000. Recurring Revenue Airtime Contracts: 66% increase in revenue. Operating Cash Used: Approximately $2 million, excluding non-recurring expenses. Warning! GuruFocus has detected 4 Warning Signs with NXPL. Release Date: March 24, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. NextPlat Corp (NASDAQ:NXPL) exceeded its revenue estimates for 2024, achieving approximately $65.5 million in total revenue. The company completed a strategic merger with Progressive Care, enhancing its healthcare segment. NextPlat Corp (NASDAQ:NXPL) saw a 66% increase in revenue from recurring revenue airtime contracts, providing a solid future income stream. The acquisition of Outfitter Satellite contributed to record revenue and gross margins in the e-commerce segment. The company secured agreements with major players like Starlink and Iridium, expanding its product offerings and market reach. Gross profits from the healthcare segment decreased from 32% in 2023 to 25% in 2024 due to medication price increases and reimbursement rate pressures. The e-commerce segment faced a slight decrease in gross profits due to rising inventory costs and competitive price pressures. Non-recurring expenses, such as impairment losses and litigation costs, significantly impacted the company's financials. Challenges in launching OPKO healthcare products in China due to complex registration and customs requirements delayed market entry. The company is striving to achieve a cash-neutral position by 2026, indicating ongoing financial challenges. Q: Has the company started buying back shares, and will it continue to do so given the undervaluation? A: While we would like to be active in the market, we have not yet repurchased any shares due to SEC restrictions and ongoing capital allocation decisions. We expect to be active in the market now that our annual report has been filed and hope to update you in our first quarter conference call in mid-May. - Charles Fernandez, CEO Q: Are you concerned about the low stock price, and what actions are being taken? A: We are aware of the low stock price, which reflects broader market trends and company-specific issues like non-recurring expenses. We believe that with the Progressive Care merger behind us and a focus on improving efficiency, we can improve cash flow and other key financial metrics, which should help unlock more value in our shares. - Charles Fernandez, CEO Q: What steps are being taken to increase the company's visibility with investors? A: We are committed to increasing investor awareness, and this call is part of that effort. We will communicate our progress as often as legally allowed and aim to attract investors seeking opportunities in small-cap growth companies. - Charles Fernandez, CEO Q: Why are China sales taking so long to ramp up, and what impact do tariffs have? A: Selling in China is complex due to regulations and logistical challenges, but we have addressed many roadblocks and expect to expand our product offerings by the end of Q2 2025. Currently, tariffs are not significantly impacting us, but we are monitoring the situation closely. - David Phipps, CEO of Global Operations Q: What are the marketing plans for Florida Sunshine, and where will it be available? A: We are focusing on international markets, particularly China and Europe, where the brand can stand out. While we are considering sales in the US, our primary focus is on tapping into larger international markets. - David Phipps, CEO of Global Operations For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
