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jasonstocktrader

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jasonstocktrader

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Thursday, 08/06/2015 9:05:14 AM

Thursday, August 06, 2015 9:05:14 AM

Post# of 97387
RXMD monster news: Progressive Care Achieves Operating Profits After Record Sales Quarter http://yhoo.it/1Uq0Ykg

Progressive Care reported a net revenue increase of 18% year-over-year for the six months ended June 30, 2015 from approximately $5.40 million to approximately $6.40 million.

From a loss of $270,000 for the first two quarters of 2014, the operation reached a strong profit in 2015 of approximately $85,000.

The company has also achieved strong cash flow results during the first two quarters of the year. Cash on hand increased $282,486 from the beginning of the year, allowing the company to comfortably satisfy all current payables. This comes as a result of increased cash inflows from compounded medications.
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