Progressive Care Inc (RXMD)

[Spider Web]

NOVEMBER FALLS SHORT

Preliminary Analysis


2016 - LAST YEAR NOV WAS
Units: 18,500 / 25 W-Days = 740
Rev: 18,500 X $91.35 = $1,690,000
Est DME+Service Rev = $10,000
TOTAL REVENUE = $1,700,000


JUST TO MAINTAIN FLAT YR
2017 NOV NEEDED TO SHOW
Units: 20,631 / 25 W-Days = 825
Rev: 20,631 X $93.00 = $1,918,639
Est DME+Service Rev = $10,710
TOTAL REVENUE = $1,929,349


BUT WHAT THEY GOT WAS
Units: 20,800 / 25 W-Days = 832
Rev: 20,800 X $81.15 = $1,688,000
Est DME+Service Rev = $12,000
TOTAL REVENUE = $1,700,000


================================

They Did Not Break Above 825 Enough
To Signify Any Kind Of Growth On Units .
* Needed At Least A 10 Pt Swing *


They Only Show About 81.15 Per Unit ,
Which Is Very Low When Compared To The
2017 First 9 Month Ave Of $92.06, Or Even
When Comparing To 2016 Nov Of $91.35 .
They Needed To Show At Least $93.00 .
* A 13% Decrease In Unit Cost *


They Did Not Break Above $1.9M Revs .
And They Did Not Even Improve On Last
Year's $1.7M November Revenues At All.
* Revenues Fell Short By 12% *


While They Are Bragging About Units ,
The Units Fell Short When Extrapolating
Those Results Into Revenues Or Income .
* Income Will Again Be Negative *


This Company Has No Business Trying To
Induce A Reaction, Or Influence Any Public
Opinion, With A "Story-Title" Such As This :

" Reports Strong November
Sales To Begin EOY Rally "
!!! LOL ~ Ha! Ha! Ha! ~ LOL !!!

Which Obviously Only Refers To Units ,
Which Are STILL In Contraction Mode .



Just A Preliminary Analysis
There Will Be More To Come

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