Progressive Care Inc (fka RXMD)

[Spider Web]

RESULTS MISS EXPECTATIONS


Results Were Below All Growth Avgs
And Now Confirming Solid Contraction

Script Quantities Were Way Below
Script Revenues Were Way Below

Final Results Way Below 728 Barometer

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March 2016 Was A
36.4% Increase Over Feb 2016

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

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

So March 2017 Is Actually Only A
6.7% Increase Over March Of 2016

They Rounded The Percentage Upward
To Falsely State A "10%" Increase Number

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Q1 2016 Revs = $3.9M
Q1 2017 Revs = $4.7M

This 20% Increase Is Below Expectations
And Shows Contraction Has Already Begun

Quarter Revenues Should Have Been Above
$4.9M To Show Proof Of Sustained Growth.

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CEO States Q1 Was Better Than Expected

That Statement Is Proof That They Were
Anticipating More Contraction And Are
Still Expecting Even Greater Contraction

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Did Not Break Down Service Revenue
Which Indicates How Insignificant It Is


JMO