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RXMD - Track I agree with you unless they are really using this quiet period to really bring shareholders some awesome news. Crossing Fingers....
RXMD - they said their goal is to still uplist by end of year. Coming up on a quarter left and they still need to get the S-1 approved, hold a new shareholder meeting to approve a RS, and then initiate uplist. Not looking good of achieving that goal at the moment
Very nice. I have also been here since .004.
I bought 100k today. Been around since .004. :)
I’m pretty sure it’s was all over this board …. Lesson learned on that dumpster fire holy cow … glad I only through a few grand at it ….
Well J you're on the that did.
Man who ever was preaching that sing was a good buy was wayyyyyyy off …. What a pile …. One of the worse investments ever ….
RXMD - Nice Bob. I bought a little bit more last week. Same as you...I also am loaded with shares.
I took 15k shares not much but I’m really tapped out for this stock
I agree TD. The company seems to be extra quiet now. Hoping we hear something very soon.
Absolutely correct TD
There’s nobody left who isn’t fed up. Everything may very well be legitimate with delays, but their communication to shareholders is a hot mess. This is the time where you need someone like a Mars to keep shareholders uplifted and reassured of the path forward. The current management team, specifically Jay, is not capable of doing that.
Serb I'm still hopeful, but man oh man do I feel like we are being played the fool is what my gut is saying. Something just doesn't feel right. Idk. What really concerns me is Caco on Telegram not saying a damn word....that's what has got me also. I wish I could believe like MrMike but I'm not. I pray I'm wrong.
Insta and Jimmy need your input! Thoughts on this quiet period? I'm patient, but man this is getting rough to stomach....still adding on the dips!
RXMD - they don’t need to do anything big. Just follow through on what they’ve talked about for years now.
RXMD - They need to come with something big here. Complete the S-1 and we go to $.10 easy. Come on!
RXMD - I can see us going green! NEWS! Progressive Care Announces Financial and Operational Performance for Three and Six Months Ended June 30, 2021
BY GlobeNewswire
— 7:00 AM ET 08/17/2021
MIAMI, FL, Aug. 17, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Progressive Care Inc. ( RXMD
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) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, is pleased to announce the filing of the Company’s financial performance data for the three and six months ended June 30, 2021, which featured strong growth in Gross Profitability, as well as Revenues from Covid-19 Testing and 340B services.
“The quarter was phenomenal despite temporary setbacks in pharmacy prescription volume due to a technology platform transition as well as a shortage in available workers as people slowly shift gears in the wake of the pandemic,” commented Alan Jay Weisberg, CEO, and Chairman of Progressive Care ( RXMD
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). “Strong growth in profitability was highlighted by material operational efficiency improvements and dramatic sequential growth in testing revenues as well as robust 340B business expansion.”
Highlights for Three and Six Months Ended June 30, 2021
• Consolidated Revenue for the quarter was approximately $9.6 million, representing a year-over-year increase of 4% compared to the second quarter of 2020. Revenue for the six months was approximately $19.2 million, representing a 5% year-over-year increase.
• Gross Profits came in at over $2.6 million for the quarter, and over $5.0 million for the six months ended June 30, 2021, up 43% and 46% when compared to the same periods in 2020.
• 340B Revenue contribution for the quarter ended June 30, 2021, was approximately $725k, up 65% on a year-over-year basis. Total revenue for the six months under the 340B contracts were $1.4 million and $600k for 2021, and 2020, respectively. That is a 127% year-over-year increase.
• Revenues associated with COVID testing totaled approximately $1.1 million for the quarter, up over 120% on a sequential quarterly basis.
• Positive EBITDA of nearly $78k for the second quarter of 2021, and over $219k for the six months ended June 30, 2021. This was compared to negative EBITDA of $311k and $955k, respectively, for the same periods in 2020.
Results for the three months ended June 30 reflect very strong growth in all aspects of the business other than the volume of prescriptions filled, which was hampered by difficulties finding willing and available workers as well as the learning curve and challenges associated with integrating and implementing the Company’s new pharmacy management software platform. Management believes both of these dynamics are temporary and do not alter Company assumptions about long-term growth among core metrics.
Weisberg added, “We are very proud of our team from top to bottom. This is an uncertain time for many companies, with fears about the rise of the Delta variant and widespread problems finding new team members. We pass the mid-year point with tremendous growth evident in our alternative revenue drivers, growing margins, increasing profitability, and strong conviction in our major strategic assumptions and that our current obstacles are temporary and surmountable. In addition, we have recently hired a new investment banking firm that we believe will be able to help us complete the process of uplisting RXMD shares onto a major national listed exchange.”
I think it’s about to make a move to .15+ soon….
Insta, I know you still are looking in lol what's up with the secretly?
RXMD...absolutely
RXMD - I believe everyone in this one is holding on because we know what's coming. If it's 1 day, 1 month, or 1 year, it's going to be freaking yuuuuge!
RXMD....I truly believe Progressive Care and lilad are still in negotiations.
But regardless I'm long and strong RXMD
RXMD - We need something soon. No big selling at all, but we are all holding on for something huge. It's coming but when.......hold strong longs!
Might be getting back into RXMD soon. What’s the next milestone now? I know back in the day, it was talks about them getting bought out by a bigger chain.
I saw they decided against the reverse share split too recently (imo probably a good thing). I’d rather they grow organically, instead of focusing on investment capital.
Also, since three years ago, have they added any new locations? Also, how has the pandemic affected them.
I’m plan on doing my own DD when I can, yet would love to hear the current discussions. Just waiting for the money to clear.
RXMD became operating profitable again and you didn’t tell me!!!
RXMD-- I am a shareholder since 2015 and remain extremely hopeful that RXMD will reach it's potential. INSTA- Thank you for the extraordinary posts and knowledge you've shared over the years. Do you have any updates or words of wisdom as we navigate this uncertain time? Much appreciation and gratitude to all who have helped educate me on RXMD!
RXMD - I'm still very bullish on RXMD. Nothing has changed with the company, except that it has grown bigger and better than it was a year ago. This crap will end.
RXMD I think everyone is still bullish on the business itself, but I'm personally over management. They need to get their act together. This seemed like a save face attempt today after Jay's remarks last week that multiple PRs were coming.
The cancelation of the RS worries me a bit. For uplisting they are going to have to do it eventually. It's unavoidable unless they do some other sort of merger with another company already listed on a higher exchange. So why the cancelation? Did plans fall through, were they delayed, what? That uncertainty is quite frustrating, at least for me.
Like I said, business is still fine and progressing, but we've been dealing with the S-1 talk for over a year now. Don't want to speak for everyone, but I think this is what shareholders care most about. Not bitcoin.
We still bullish on rxmd ? Not looking good ... matter of fact sing took over a 50 percent cut since was told a good buy also ...
RXMD No way to know, just know theres lots of deal making going on
So you are of the assumption that Oleg will pay off his Nete debt and we are merging with a debt free company or no?
I’m still not convinced and would prefer some clarification by those who see this in a different light?
I’m also a Nete holder but strictly for the Mullen ride.
RXMD, I agree not much else it could be.
RXMD Still think only thing we need is NETE/MULLEN
The next few days could be really exciting with the multiple PR's. Thoughts on a possible expansion?
RXMD yes thats always been the holdup IMO
Just about ready myself
RXMD, they listened.
So you think we are still waiting on a M/A? This is the hold up?
RXMD - I did that years ago and he also has me blocked so I can't send him any PM's. He is mad he sold at $.019 years back before the big run!
RXMD...Oh it's obvious what his intentions are.
But its not going to work this time around. I'm just about ready to click the ignore button on that clown.
RXMD It’s a darned if they do, darned if they don’t with him, but he’s been trying hard to reload the last few weeks. He’s been the loudest after both the runs to 25 cents and this last one. That’s not a coincidence
RXMD yeah DC and his clowns will (already) start their BS.
RXMD Today proves mgmt is not out to get anyone and we are just waiting on a 3rd party deal to close
New scary stories will need to be drummed up now
Still adding
RXMD - I sure hope so. The Presentation was actually pretty decent and the video tour of the facility looked awesome! Just bring on the news!!!
I believe he stated something today also if I heard correctly....
Bring on the Capital Infusion!
No, I can only guess. I hope its what we have been waiting for: debt free, S-1 filed, soon uplist.
RXMD - Anyone else's thoughts on the mention of multiple press releases in the next few days from the Conference today?
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