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Closed above the 50DMA at least (0.26), uptrend is still intact.
Goldman Sachs...I think I've heard of them before...
$$$FRLF$$$
400% YOY investment return...not too shabby!
One year ago RXMD closed at .016
midas - thanks for the comparison. very compelling!
Ummm...RXMD is up almost 400% from 1 year ago. Not exactly a 'downturn'
Fair value is 3-4x revenue based on Pillpack valuation.
So we're way undervalued.
"The stock market is a device for transferring money from the impatient to the patient." – Warren Buffett
Take a chill pill alannnnn
I wish I wasn't stuck in a meeting this morning. Should've set up a few limit orders before it started...
Congrats to those who BTFD
Valuation Reminder
This was discussed back in April when Walmart was looking to buy Pillpack, but I thought it was worth revisiting. Below is a very simple way of putting a valuation on Progressive Care based on the numbers we have from Pillpack:
We know Pillpack's 2016 valuation was $330M. We also know they had $100M revenue in 2017.
Assuming a 10-20% growth rate, we can guess their 2016 revenue was between $83-91M. That put their company value at 3.6-4.0x revenue.
Translating to RXMD:
2017 revenue was 20M
Same value/rev ratio puts RXMD's (2017, 1-store) worth at $72-80M
We now have multiple locations and higher revenues
Current valuation/PPS is depressed by at least a factor of 3-4x
MIAMI, Oct. 16, 2018 (GLOBE NEWSWIRE) -- Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced further growth year-over-year in both revenue and number of prescriptions filled for September 2018.
In September, the company reported a total of $1.6 million in net revenue, a 7% increase from the same month last year, and a 40% increase in prescriptions filled during the same month last year, totaling more than 24,300 filled prescriptions.
Progressive Care’s wholly-owned subsidiary PharmCo, LLC saw a record month for prescriptions filled in September, reporting a 23% increase in prescriptions filled over the same month last year, totaling more than 21,350 prescriptions. The company’s newest PharmCo facility, Touchpoint Rx (dba PharmCo Rx 1002), reported just over 3,000 prescriptions filled during the month of August and nearly $100,000 in revenue. The growth is a result of Progressive Care’s continued development of the company following the completed acquisition of the pharmacy in early July of this year.
“As we close out another strong quarter, we are proud to report another equally strong month of sales and prescription numbers. These results illustrate our ongoing dedication and commitment to providing patients with a full range of personalized pharmacy services,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc. “We are pleased with the growth we are seeing from our PharmCo West Palm Beach facility (formerly referenced as Touchpoint Rx). We are excited about all of the progress and opportunities we have now because of the recognition of our unique approach and breadth of pharmacy services.”
Other recent company announcements include the launch of an updated website for Progressive Care’s wholly owned subsidiary, PharmCo LLC, dedicated to providing patients with additional knowledge on its growing platform of offered products and suite of services. The company also announced a record number of prescriptions filled in August 2018, with a 44% increase in prescriptions filled during the same month last year.
Oh, I'm accumulating since .02
Just an excuse to buy more...GLTY
BUY THE RUMOR :D
I also found out about FRLF through LA, however it was back in January. We were both posting on the RXM$ message board and I checked out what other stocks LA was following...
Have a safe and happy weekend Leafers!
Just like it went down to .02 like you said it would in August?
ZERO CREDIBILITY
Awesome, great article!
Thanks LA.
Only a Sith deals in absolutes, prophet96
LA - incredible photo drop, thanks for posting!
Opening gap up filled!
Nice buying opp for those with .40 limit orders, back up we go!
May the 4th be with us!
$RXMD$
Nice pickup Bull. I was in a meeting and missed out...might wait for the lunchtime lull to see if I can pick up some low 6's to average up!
If not, nbd...I'm happy with my current pile size.
Haha, says the guy who told SPIDER "great post" recently.
Let that sink in...SPIDER...
Feel bad for the 70 morons who follow you.
Easy math Mondays...
(.08-.02)/.02 = 300% Gain
(.12-.02)/.02 = 500% Gain
(.16-.02)/.02 = 700% Gain
(.26-.02)/.02 = 1200% Gain
(.35-.02)/.02 = 1650% Gain
RXMD 3-month chart
1/22 - .02 close
4/19 - .108 close
440% gain
Finally got above that 50DMA!
Hopefully volume today is enough to support it and the shorts get what they deserve.
Exactly. No true investors are worried...just the shorts and flippers.
Tune out the noise...no need to go 'to da moon' when you are heading to Mars.
Some napkin math...
Since we know the 2016 valuation of $330M, let's run with that. If they had $100M revenue in 2017, assuming 10-20% growth rate, we can guess their 2016 revenue was between $83-91M.
That puts their company value at 3.6-4.0x revenue.
Translating to RXMD:
2017 revenue was 20M
Same value/rev ratio puts RXMD's (2017, 1-store) worth at $72-80M, almost twice what our worth is at today's closing price.
With the planned expansion...sky's the limit folks. But our PPS is CERTAINLY depressed right now, no matter how you slice it.
Agreed, those are the two top cities I was hoping for in FL or GA.
Someone posted a nice map shortly after the second location was announced showing the coverage area. I've just got the free membership, so I can't search the message board...
Regardless of the radius, you're right--it's the model that is valuable and they're executing wonderfully.
My only point was that, should they choose a location that isn't bordered by the coast or another inhabitable zone (i.e. Everglades), the number of potential clients is much greater.
Don't forget that if the third location is somewhere inland then the coverage area is (at least) doubled, assuming the same 60 mile radius.
The first and second stores' coverage areas are limited in the East and West directions by the Atlantic Ocean and Everglades, respectively. If the third location isn't on a coast, then you gain that much more potential coverage area. Just something to think about when they do release the third location...
Momentum brought a lot of new eyeballs to the ticker and took us up.
Shorts have taken us back down a bit.
Fundamentals will prevail and we will rise again.
In the LONG run, a little change in momo from week to week doesn't matter much.
There is no gap.
Daily chart is looking excellent. If we get some good volume, we're due for a nice POP.
chart
Let's see what happens during power hour...
Close above .12 today would be excellent. I would love to get back above the 200(hr)MA (.159 currently) as soon as possible. Guess it will just depend if this buying volume can keep up!
Where's his mantra "SELL THE NEWS" today??
Well that gotten taken out quickly!
Seems like a pickup yesterday was a good call. I managed to add some shares @ .09 that I thought were a long shot for getting filled.
Already tested .108 once today...how many cracks will it take??
Would be excellent to close above the 50DMA. I was surprised it didn't hold yesterday...just too much manipulation and weak retail buying I suppose.
No wonder your calculation is so far off
Demonstrating that you can edit a Wiki page certainly does not prove anything and definitely doesn't give you grounds to say that the information is 'probably bogus'.
Here's a link to a 2017 CNBC article on Oleg. Can ANYONE edit that???
Link
Excerpt:
Mr. Firer is an experienced leader and a visionary with the knowledge in corporate transactions, financial services, wireless technology and logistics. Mr. Firer currently serves as the Chief Executive Officer and Director of Net Element, Inc. (NASDAQ:NETE), global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment. Prior to Net Element, Mr. Firer served as the Executive Chairman of Unified Payments and has led the company from its inception until its acquisition by Net Element in April of 2013. Under his leadership, Unified Payments' revenues grew by 23,646% over a 3-year period and Inc. Magazine ranked the company as #1 fastest-growing company in 2012. Prior to Unified Payments, Mr. Firer held senior executive positions in private equity, payment processing, wireless communications and technology companies. Mr. Firer was recognized by Forbes as one of the 5 Incredible Entrepreneurs and by Business Leader Magazine as a Top Entrepreneur in South Florida, named by Poder Magazine as one of the Most Influential People in Miami and recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Mr. Firer is a board/advisory member of various companies including: E2Exchange, Star Capital, SarTeleMed and InList. Mr. Firer also holds a diplomatic rank of the Ambassador Extraordinary and Plenipotentiary.
Nope, the website works just fine.
You can stop spreading false information now, m'kay?