Progressive Care Inc (RXMD)

[Spider Web]

FALLING BEHIND PROJECTIONS

Reality Is Falling Way Behind Projections
* No Matter How You Analyze The Data *


THEIR NUMBERS ARE NOT FACTS

March 2016 Revenue Was $1.5M
March 2017 Revenue Was $1.6M

YoY March Revenues Increased 6.7%
And Not The - 10% - As They Stated

They Just Rounded The Percentage Upward
To Falsely State A "10%" Increase Number
But Either 6.7% Or 10% Still Shows Weakness

Another Example How "Truth & Facts" Lie !


THE SCRIPT COUNT WAS LESS
AND THOSE COSTS WERE MORE

March 2016 = 18,600 Scripts At $80.52 / Script
March 2017 = 18,500 Scripts At $85.95 / Script

It Was The Scrip Price That Increased 6.7%

If The Script Prices Remained The Same
This March Revenues Would Have Been Less

The Increase In Revenue Just Reflects
The Increase In Costs And Inflation, Etc
Being Passed On To The Consumer

Last Q1 Will Have Very Little Net Income
In Fact, There May Be Another Net Loss


FIRST QUARTER WAS NOT GOOD
APRIL WILL CONFIRM THE LOSS


C O N T R A C T I O N
-------------- AND --------------
FAILED PROJECTIONS


MINIMUM NEEDED FOR
APRIL TO STAY EVEN

Scripts: 19,572 / 25 W-Days = 783 vs 728
Rx Rev: 19,572 X $89.01 = $1.742M
Estimated Service Rev = $10,000
Total Revenue = $1,752,104


APRIL WON'T EVEN GET THIS

Scripts: 18,200 / 25 W-Days = 728
Rx Rev: 18,200 X $89.01 = $1.620M
Estimated Service Rev = $10,000
Total Revenue = $1,629,982


NUMBERS WILL BE RED AGAIN
GROWTH HAS FALLEN BEHIND
AND IT WILL NEVER CATCH UP

The Hill To Climb Grows Steeper And Steeper
As The Stories For Growth Start Slipping Away


AND FORGET ABOUT THE $22M

Reality Is Falling Way Behind Projections
* No Matter How You Analyze The Data *


JMO