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This won't hit 2's. They have over quadrupled their revenues since then...
I plucked a few more.....how could we not!
Buy and hold. You will be rewarded.
I think we gained a lot of new investors today. My bids filled. Thanks!
It's getting walked down because someone wants cheap shares with the news coming. MM's.
As long as we keep making progress in the right direction I'm good here! I know the payoff is coming!
SF....always appreciate this information.
I was speaking to the fact that NO MM's tried to drop us at the bell and trigger limit sells.......
That would be nice. I think i'd go much higher.
You will get a proxy in your account if they do...but yes they are transparent here.
Real Company, Real Locations, Real Revenues......
I agree....even though I'm still very green!
That has been voted on earlier and cancelled. No R/S at this time....
If they didn't like it someone would have dumped on the bell to manipulate selling.
Market likes the update. Good thing we have a bunch of strong longs here that know what we own!
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.”
RXMD - NEWS $45 MIL REV COMPANY! - 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.”
RXMD - 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.”
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
Loading...
Loading...
) (“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
Loading...
Loading...
). “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.”
Only up!
Glad I have been adding here! We will see buying today...S-1 almost approved!
...and remember this is an ACTUAL company with REAL REVENUES! $.05 UNDERVALUED!
They will get there.....steps in the right direction.
Something good is happening here! Almost SEC!!! Baby steps to $$$$
Agreed. Good Call!
I really want the S-1 update. Come on SEC! Finish the last question!
I'm happy they finally talked about the quiet period and they has 2 rounds of comments with one outstanding questions. ANYDAY NOW!!!!
Only one comment left to iron out!
I agree! We got 2 rounds of comments in from the SEC!
Their goal is still to uplist in 2021! At least we know something is going on behind the scenes.
Good to hear we are going after CV!
Well they mentioned the S-1....good to see it's still in motion.
Nice! I'm still confident here....
Let get to the profits!
Up 13% and climbing...interesting.
Up 10%++++ I'll take it!
He knows there are a lot of people who are here that are frustrated. I know in the long run, we will all be rich here and that's why I'm continuing to add and protect the bid as many here also are.
Either way, we will hear from the company, which hopefully they have a long list of questions. I sent mine in.
They need to start an employee stock purchase program. That would help the PPS and be a good motivator for employees.