Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes J it may take a little time, but it should be well worth it. Hey over the last few years we have surely developed patience. RIO is right, when the "business combination" is complete the institutional investors should come knocking at our door.
I believe that that should happen fairly soon
Why would management what someone to acquire Rxmd for cheap. I wouldn’t think so considering how well the company is performing. This is a $50 million revenue generator and growing
Very nice
Nxpl up huge after hours. Up around 50%
Growth of over 136% in 340B Contracts...etc
The PR is just out. Progressive Care announces Record full year results with revenues of 49.7 million $s an increase of 22% with annual gross margins of 30%.
vp - You shouldn't buy any stock if you don't know the history of the company.
Great analysis TD. Thanks.
I don't think so...it's used as a accurate measure of the value of an asset. Perhaps in prior years depreciation was underestimated.
Looks like overall depreciation was devalued by that amount. Perhaps Track Dude can fill in the blanks.
That's a great point...the Goodwill Impairment charge is way large
It's a reduction in the value of an asset. The asset in this case is Goodwill. It is not an actual cash outflow, but it does reduce the net income. This is a permanent reduction and we will not see it again.
The Goodwill Impairment book entry in the amount of $14 million is the culprit. besides that, the 10K looks good
I saw it on my Schwab platform. You can check the Progressive Care Website. - SEC Filings
That would be fantastic
Now that the 10K has been released hopefully the Company starts to communicate with shareholders/investors.
The Goodwill Impairment bookkeeping entry of $13.9 Million killed the bottom line. Still RXMD realized revenues of almost $50 million and a 6 month Gross Profit of almost $8.5 million.
No, that's not correct. The RS did not tank the price...the lack of communication has caused the price to drop and people's investments here to drop. Communication anmd news should fix that.
No mistake at all. Fernandez cleaned up all the convertibles, put a ton of cash into the company. Fernandez has "owned" RXMD for some time now by virtue of his share count and the fact that he is the CEO. Do you really think that he would let a 40 million dollar revenue company with huge upside go by the wayside. I tend to doubt that. He only benefits from his investment if RXMD is able to see fair market value.
LOL!! Spot on my friend
As am I. LOL!!
Love the references.
He never mentioned that to me.
You’re right JS they are well aware that shareholders are upset at the company’s lack of communication. I’m banking on that changing soon
Agreed JS, the lack of communication by the company with its shareholders and the public in general has caused this outrageous share price drop and the volume drying up. Hopefully they smarten up and start becoming more shareholder friendly. That will make a huge difference. Thing is they have to implement changes soon if not before.
Clear skies? I’m in 93%
I think something more is about
Turbo I must have missed something 🤭
I don’t understand it at all.
Agreed. Well said
Yes. You’re right
Got it turbo 👍
Thanks JS
Nothing much Turbo. I just wanted to say Sorry for my go round with howdy. It was uncalled for. Restraint is the word of the day. 🤭
Just want to apologize to the board for playing howdy’s little game. It was unnecessary but difficult to watch him twist things around. Again, sorry all.
I’m not defending anyone. Just saying how it is. You just can’t bring yourself to do the same.
I’m not here to debate howdy. Truth is you were wrong but not big enough to admit it. The auditors and legal counsel control the release just as jag said.