Progressive Care Inc (RXMD)

[Spider Web]

CONTRACTION VERIFIED

THE BAROMETER SAYS SO
The Growth Spurt From Last Year Yielded
A Target Avg Of [b728 Scrips Per Working-Day
This Neutral 728 Number Is The Barometer By
Which Growth Will Be Compared & Measured



NEEDED FOR MARCH 2017
Scripts: 19,872 / 27 W-Days = 736
Rx Rev: 19,872 X $90.47 = $1.798M
Other Service Rev = $12,000
TOTAL REV = $1,809,820

March Actually Needed To Meet 736 To
Bring Jan+Feb 723 Avg Back Up To 728

ACTUAL MARCH 2017 RESULTS
Scripts: 18,500 / 27 W-Days = 685
Rx Rev: 18,500 X $86.49 = $1.60M
Other Service Rev = Included Advantage
TOTAL REV = $1,600,000

WHEN COMPARING 728 / 736 CONSTANT
Number Is Way Below At 685 = NEG GROWTH



NEEDED FOR FIRST QTR 2017 RESULTS
Scripts: 53,872 / 74 W-Days = 728
Rx Rev: 53,872 X $90.47 = $4.874M
Other Services Rev = $36,000
TOTAL REV = $4,909,800

THE ACTUAL FIRST QTR 2017 RESULTS
Scripts: 52,500 / 74 W-Days = 710
Rx Rev: 52,500 X $89.52 = $4.699M
Other Services Rev = Included Advantage
TOTAL REV = $4,699,999

WHEN COMPARING 728 CONSTANT
Number Is Way Below At 710 = NEG GROWTH



COMMENTS

RESULTS MISS EXPECTATIONS


March 2016 Was A 36.4% Increase
Over Feb 2016

But March 2017 Was Only A 6.7% Increase
Over Feb 2017


March Of 2016 Was $1.5M
And March Of 2017 Is $1.6M

March 2017 Is Actually Only A 6.67% Increase
Over March Of 2016

They Are Rounding The Percentage Upward
To Get To Their "10%" Increase Number.


Q1 2016 Revs = $3.9M, And Q1 2017 = $4.7M .
This 20% Increase Is Still Below Expectations
Of Being Flat, And Now Shows Contraction.
Quarter Revenues Should Have Been Above
$4.9M To Show Any Proof Of Sustained Growth.


CEO States That Q1 Has Been Better Than
Expected. That Statement Is Proof That They
Were Anticipating Contraction. And Were
Even Expecting Greater Contraction.


There Is No Mention Of The Service Business


JMO