Progressive Care Inc (RXMD)

[Jimmy Quick]

Need to maintain some level of accuracy and relevance.

RXMD turned out a 23% profit margin for 1st Qtr 2018

Gross Profit Margin % for 2017 was 27.2%
Quarter......... Net Sales/Qtr Gross Profit Gross Profit%

1st Qtr 2017.... $4,847,663.... $1,578,960.... 32.6%

2nd Qtr 2017.... $5,173,064.... $1,295,513.... 25.0%

3rd Qtr 2017.... $5,087,079.... $1,187,314.... 23.3%

4th Qtr 2017.... $5,002,936.... $1,404,330.... 28.1%

Total for 2017.... $20,110,742.00.... $5,466,117.... 27.2%

Gross Margin took a hit due to reimbursements changes 1st quarter, they need to make adjustments. It's 1 quarter we are looking at in 2018, they have had similar fluctuations in the past and this 1 quarter was comparing to our top margin producing Quarter to date of 32.6% in 2017. Let's hope it improves for 2nd quarter, if even slightly.

Here's some previous quarters for reflection on fluctuations that can occur within any given FY.

Gross Profit Margin % 1st Qtr 2016: 23.5%
Gross Profit Margin % 3rd Qtr 2017: 23.3%

Gross Profit Margin % 3rd Qtr 2016: 28.5%
Gross Profit Margin % 1st Qtr 2017: 32.6%
Gross Profit Margin % 4th Qtr 2016: 31.5%
Gross Profit Margin % 4th Qtr 2017: 28.1%