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HALLANDALE BEACH, Fla. - NextPlat Corp (NASDAQ:NXPL), a $23.27 million market cap technology company with strong liquidity metrics including a 4.33 current ratio, announced Tuesday that its ClearMetrX subsidiary has begun late-stage development of ClearMetrX 4.0, a new version of its healthcare data analytics software featuring artificial intelligence capabilities.
The company plans to implement the software internally in the fourth quarter of 2025, with commercial rollout to customers expected in the first half of 2026, according to a press release statement.
ClearMetrX is a cloud-based reporting platform used by physicians, management services organizations, 340B entities, and pharmacies. The upcoming 4.0 version will incorporate AI-powered features designed to support healthcare operations and improve patient adherence.
The new features will include AI-driven revenue forecasting, predictive inventory management, anomaly detection, automated audit assistance, fraud detection, and scenario modeling capabilities.
"Since its introduction, ClearMetrX has demonstrated its capabilities to positively impact not only the business of healthcare for us and a growing list of customers, but importantly, support better outcomes through improved patient adherence," said Birute Norkute, Vice President of Healthcare Operations at NextPlat.
NextPlat Corp operates an e-commerce communications division offering voice, data, and IoT products globally, alongside pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care.
The global AI in healthcare market was estimated at $26.57 billion in 2024 and is projected to reach $187.69 billion by 2030, growing at a compound annual growth rate of 38.62% from 2025 to 2030, according to Grandview Research data cited in the company’s announcement. NextPlat’s stock has shown strong momentum with a 14.93% return over the past week, and InvestingPro analysis suggests the stock is currently undervalued. For deeper insights and access to 12 additional ProTips about NextPlat, plus comprehensive financial analysis, consider exploring InvestingPro’s detailed research report.
In other recent news, NextPlat Corp reported its Q2 2025 earnings, showing a decline in revenue to $13.2 million from $17 million in the same period the previous year. The company also posted an earnings per share (EPS) of -$0.07. These financial results have raised concerns among investors about the company’s performance and future outlook. Additionally, NextPlat has named Rodney Barreto as the permanent Chairman of the Board and David Phipps as the permanent Chief Executive Officer. Both executives have been instrumental in implementing cost-cutting and operational improvement initiatives following the passing of the previous chairman and CEO. These appointments are part of the company’s ongoing efforts to refocus its business strategy.
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