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Progressive Care Announces 2021 Audited Financial Report Conference Call and Investor Update on March 28, 2022
MARCH 23, 2022
https://www.progressivecareus.com/post/progressive-care-announces-2021-audited-financial-report-conference-call-and-investor-update-on-march-28-2022
MIAMI, March 23, 2022 - Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company (the “Company” or “Progressive Care”), is pleased to announce that the Company has scheduled an investor conference call at 4:30 PM ET on Monday, March 28, 2022.
Chairman and CEO, Alan Jay Weisberg, stated, “I believe 2021 was a challenging year for Progressive Care. Our team was able to complete complex implementation of the pharmacy system so that the company can get back to growing the pharmacy business, successfully achieve record COVID-19 revenues and position itself to become an SEC reporting company. We are looking forward to providing our shareholders with a more detailed update and share the Company’s vision for 2022 during the conference call.”
Those attending the investor conference call will have the opportunity to submit questions concerning the Company to Stuart Smith of SmallCapVoice.Com, Inc. via e-mail: ssmith@smallcapvoice.com by 12:00 PM EST on Friday, March 25th, 2022. The Company plans to address as many appropriate questions as possible.
To access the call:
Dial-In Number: 1-857-232-0157
Access Code: 422095
Gotta spend money to make money on talent for expansion.
Serb, thats not a problem, rather a great investment! ??
thats what she said
Now THIS is news!!!
Looking great here … been quietly added for months…go RXMD!
Well done Sir! Thank you for posting your DD.
Progressive Care to Announce Second Quarter 2021 Financial Results and Provide Business Update
https://www.progressivecareus.com/post/progressive-care-to-announce-second-quarter-2021-financial-results-and-provide-business-update
This exciting! Most I’ve see In some time! Something is brewing....
Been waiting a long long time! Here we go!
Away we go! PPS going up and up!
Progressive Care Announces Record Earnings and Revenue for Three Months Ended March 31, 2021
Financial Highlights for Quarter Ended March 31, 2021
• Consolidated revenue for the quarter was $9.6 million, representing a year-over-year increase of 6% compared to Q1 2020
• Adjusted EBITDA of $141 thousand, an increase of over $780k over the adjusted EBITDA from Q1 2020
• Break even in cash flow from operating activities during Q1 2021
• Increased cash position to over $2.4 million from December 31, 2020
• Prescriptions filled during Q1 totaled approximately 116,000, representing a year-over-year decrease of 12% compared to Q1 2020
• 340B revenue contribution was approximately $724k, up 264% on a year-over-year basis when compared to Q1 2020
• Revenues associated with COVID testing totaled approximately $550k for the quarter
Great call! Glad to hear them answer so many questions!!
EBITDA increased 104% to $667k in Q4 2020 when compared to the same period in 2019.
Progressive Care Announces 2020 Annual and Quarterly Financial and Operational Performance Highlights
APRIL 1, 2021
MIAMI, FL – April 1, 2021 – Progressive Care Inc. (OTCQB:RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, is pleased to announce the filing of the Company’s audited 2020 financial performance data, closing the books on a momentous year that featured strong execution in the face of historic obstacles, the establishment of new executive leadership, the successful establishment of new scalable strategies, and tremendous gains in net cash, EBITDA, and topline results, which have helped to drive shareholder value so far in 2021.
Financial Highlights for Quarter Ended Dec 31, 2020
• Consolidated Revenue for the quarter was $10.1 million, representing an increase of 1% compared to Q4 2019.
• Prescriptions filled during Q4 totaled approximately 134,000, representing an increase of 1% compared to Q4 2019.
• 340B revenue was approximately $879k, representing a sharp increase of 200% compared to Q4 2019.
• EBITDA increased 104% to $667k in Q4 2020 when compared to the same period in 2019.
Financial Highlights for Fiscal Year Ended Dec 31, 2020
• Consolidated Revenue was $40.3 million, representing an increase of 22% compared to fiscal 2019.
• Prescriptions filled was approximately 530,000, representing an increase of 16% compared to fiscal 2019.
• 340B revenue was approximately $2.8 million, representing a sharp increase of over 300% compared to fiscal 2019.
• COVID testing revenue was approximately $600K, most of which was earned in Q4 2020.
• Realized positive EBITDA of $7K when compared to $479K negative EBITDA in 2019.
• Cash provided by operations was $1.1 million in 2020, compared to $600K cash used in 2019.
• Net Cash balances as of Dec 31, 2020 was $2.1 million vs $816K compared to 2019.
Operational Highlights for the Year Ended Dec 31, 2020
• Fundamental changes in management: Alan Jay Weisberg named CEO; Cecile Munnik named CFO.
• Finished year with 5-Star rating earning Humana bonus of approximately $904K.
• Paid off note for the building of $300K plus interest.
• Generated $700K in third party administration fees through services provided to 340B Covered Entities.
• Strong execution and pro-growth strategic path resulted in shareholder value, with RXMD shares rising more than 300% during 2020.
Great day! We have momentum.
Something brewing here...
2020.....
530,000 prescriptions
$40.6 million in sales
$600,000 in COVID related testing
5,000 patients
Progressive Care CEO Issues Annual Shareholder Letter
BY GlobeNewswire
— 7:00 AM ET 03/03/2021
Management has the following 2021 Strategic Goals:
• Strive to achieve over $50 million in sales.
• Expansion of COVID-19 testing and vaccination programs.
• Completion of telehealth integration with the roll out of the Eagle Force Digital Passport program.
• Nationwide launch of ClearMetrX 340B TPA services.
• Secure additional not-for-profit healthcare contracts and long-term care facility relationships.
• Achieve full enterprise profitability and earnings growth.
• Become SEC-registered and fully reporting.
• Complete an uplist to a national exchange.
SF, thank you for your DD here! We are close, very close.
Three, check out MrMike’s Sticky. That will catch you up. Be well!
Training wheels have been off for some time....now the hands coming off the brakes!!!
BOOOOM!!!
“Load, Hold for Gold”
“Dip & Rip”
Haha, some great phrases today! We are in a good place! RXMD!!!
MrMike, great DD here! We are on our way UP!!!
Keycentrix....based out of the Midwest. RXMD is looking well beyond South FL!
https://keycentrix.com/company/
Progressive Care Transitions to New Software Platform, Allowing Integration of Data Analytics Business
BY GlobeNewswire
— 7:00 AM ET 02/24/2021
MIAMI, FL, Feb. 24, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Progressive Care Inc. ( RXMD ) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, is excited to announce a transition of its software platform to Newleaf, a best-in-class pharmacy software solution produced by leading pharmacy software and technology provider, Keycentrix (Keycentrix.com).
Newleaf is highly adaptable and will provide a viable foundation for the Company’s technology development and deployment objectives, including an expansion in its ClearMetRx business, Progressive Care’s wholly-owned data analytics company, which features services designed to support health care organizations across the country.
BOOOOM!!!!!
12ssss!!
Ahhh...The Hour of Power! Looking great!
Thank You JQ! Writing is on the wall....
NEWS!!!
MIAMI, FL – February 16, 2021 – Progressive Care Inc. (OTCQB:RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, is excited to announce a new partnership with EagleForce Health, LLC to integrate its proprietary telehealth platform (“myVax™”) and develop a platform for the Company’s Digital Passport for COVID-19 Testing and Vaccination results.
“The need for a digital passport to help manage our coming post-pandemic environment is paramount, and we believe myVax™ can develop into a market-leading solution to meet that need,” remarked Alan Jay Weisberg, CEO and Chairman of Progressive Care. “This partnership will allow Progressive Care to expand our telehealth presence and scale more of our operations in a geographically agnostic manner through significant exposure to one of the most important opportunities defining the intermediate-term future in the business economy: digital proof of vaccination.”
The myVax™ platform is expected to launch over the coming weeks and to include complete patient scheduling, telehealth, and tele-pharmacy platform services. “Our partnership with Progressive Care is designed to focus on the COVID-19 digital passport roll-out to support the Company’s first line health service providers who see, touch and bring solutions directly to the patient. Phase 1 of the myVax™ platform launch will be made available to patient population well beyond the COVID 19 pandemic. The full scope of our commitment to this partnership will bring transformational outcomes to patient adherence and self-management of disease to the rapidly growing Telehealth marketplace. We are so proud to have Progressive Care as a partner.” said Stanley Campbell, CEO and Chairman of EagleForce Health, LLC.
Progressive Care Announces Telehealth Partnership with EagleForce Health to Drive myVax™ Digital Passport for COVID-19 Testing and Vaccination
9ssss!!!
Getting VERY Exciting!!!
Record $40.6 million, representing year-over-year growth of 23%!!!
Great numbers!!
Great News!!! Thanks for posting
Cheese curds....yummmm!!
Lost in his web of BS