Progressive Care Inc (RXMD): Something is up. Not sure why but is see...

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Progressive Care Inc (RXMD)

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Friday, 02/02/2018 12:04:44 PM

Friday, February 02, 2018 12:04:44 PM

Something is up. Not sure why but is seems like it is being held back while someone accumulates. Also not sure if 20M is a normal revenue for a single pharmacy, Maybe 300k not 20M. They must have more of a distributor role. What ever they are doing its working. Low over head of a "single pharmacy". Why expand to more locations if you can be the middle man for many locations. Once they max out revue growth of the single location model then open a second location, and more people, salary, over head... What i would expect is for a larger "CVS" or someone buy their business for multiples of what they make a year. I believable the CEO is on to something if they can make 20m and grow revenue they way they have been. Someone else will pay for this before they expand to new location.

Just my opinion.

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Recent RXMD News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 07:54:25 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 04:38:35 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:40:42 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:40:09 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:37:47 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:49:13 PM
Form 8-K - Current report • Edgar (US Regulatory) • 07/21/2023 07:30:25 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/30/2023 09:34:34 PM
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