Progressive Care Inc (RXMD)

[Spider Web]

WORKING ON SATURDAY

Yes, I assumed that they were.
And after comparing both the
calculations together, It did not
make any relative difference in
the resulting "Growth Equation"

So I Just Kept It At The Standard

I already thought of that, and
considered it a long time ago.
( What Took You So Long ? )


Q3 AND Q4 CONTRACTION
It Turned Out That Both Of The
3rd & 4th Qtrs Showed A Net Loss
($2,899) And ($5,546) Respectively
And The $209K FY2016 Net Income
Was Way Below My $500K Estimate
And They Actually Missed It By 60% !


2016 FOURTH QUARTER
Revenue = $5,023,973 ---> Only As Expected
Net Loss = ($5,546) ---> Negative Surprise
55.1K Rx / 62 W-Days = 889 Rx / W-Day
$5.02M Rev / 55.1K Rx = $91.18 / Rx

2016 FISCAL YEAR
Revenue = $18,318,567 ---> Only As Expected
Net Income = $209,319 ---> Lower Surprise
EOY Cash = $816K ---> A Small Bright Spot
213.5K Rx / 252 W-Days = 847 Rx / W-Day
$18.32M Rev / 213.5K Rx = $85.80 / Rx

OS Increased Over 300M In 2 Yrs
OS = 41,068,344 --- Jan 2015
OS = 344,107,607 --- Dec 2016
And More Dilution To Come


FROM AUDIT ABOUT DILUTION

" We Will Seek To Raise Additional
Funds In The Future, Which May Be
Dilutive To Stockholders Or Impose
Operational Restrictions "


JMO