Progressive Care Inc (fka RXMD)

[Jimmy Quick]

$RXMD = GREAT INVESTMENT, 20 MILLION REVS
RXMD IS ON A COURSE FOR SUCCESS, ON OTCQB and NASDAQ

OUTLOOK FOR 2018: Completion of TWO REVENUE PRODUCING ACQUISTIONS (TouchPointRX Complete)
OUTLOOK FOR 2019: SEC Reporting Compliance, NASDAQ Uplist, and more ACQUISITIONS
ALL POINTS TO CONTINUED DEVELOPMENT AND GROWTH THROUGH EXPANSION ****INVEST WISELY****

WITH EXTREMELY LOW SHARE STRUCTURE
RXMD Security Details
Share Structure
Authorized Shares
500,000,000 07/17/2018
Outstanding Shares
428,997,097 07/17/2018 likely CV share disbursement increase, only 1.5 million more to go to clear this debt conversion. This balance also includes 5,590,432 common shares that were beneficially owned by Progressive Care through PharmCo, LLC and Progressive Training, Inc. So actual amount is 423,406,665 Outstanding on F/S
Previously 427,218,286 on 6/30/18
Restricted
83,599,982 07/17/2018
Unrestricted
345,397,115 07/17/2018
Float
334,506,590 03/31/2018

SHORT TERM PRICE TARGET $.35
https://finance.yahoo.com/news/seethruequity-issues-progressive-care-inc-131500911.html
http://www.seethruequity.com/wp-content/uploads/2018/03/RXMD-UPDATE-MAR-9-2018-FINAL.pdf
[/color]

***THE REAL DEAL***
TWO REAL BRICK AND MORTAR LOCATIONS SERVICING:
MIAMI DADE COUNTY, FLORIDA
MARTIN COUNTY, FLORIDA
PALM BEACH COUNTY, FLORIDA
BROWARD COUNTY, FLORIDA
63 Employees
2 YEARS AUDITED FINANCIAL STATEMENTS
OTCQB with INDEPENDENT BOARD and AUDIT COMMITTEE MEMBERS

HERES SOME JUICY 2018 NUMBERS - W/O NEW LOCATION ACQUIRED 3/30/18, these revenues will start to be recognized June 30, 2018
Scripts: 132,100 a 22% increase compared to June 30, 2017
Net Revenue: $10.2 million, a $160,000+ increase compared to June 30, 2017
340B Sales: $2.8 million, a $1.73 million+ increase compared to June 30, 2017
Annualized, 2018 340B Sales are estimated at $6.1 Million, that's a 120% increase of 2017's $2.75 Million. PharmCoRX is obviously increasing the number of customers.

Then let’s observe increase in revenue last year. JUST KEEPS INCREASING YOY

Then check out increase in revenue from the last 2 years.

Overall
G - FY 2013 = $9.3 million
R - FY 2014 = $11.3 million
O - FY 2015 = $13.7 million
W - FY 2016 = $18.3 million (AUDITED)
T - FY 2017 = $20.1 million (AUDITED)
H - FY 2018 = $10.2 million (6 months) does not include 340B revenues of $2.8 million

LET'S TALK ABOUT INCOME FROM PREVIOUS YEARS
Shall We . . .
FY 2017 = AUDITED Net Income, and w/o Discontinued Operations Net Income is $139,251
FY 2016 = AUDITED Net Income, and w/o Discontinued Operations Net Income is $259,319
Yes it did go down by $120,000, but quite explainable with with information detailed below and still extraordinary when you consider the improvement from 2015 and 2014,
FY 2015 = $(1,219,000) Net Loss
FY 2014 = $(1,009,000) Net Loss

Expenses effecting additional net income has been applied to development, growth, and expansion initiatives. Growing, Growing, Growing. Everything says they are using money to GROW.


Available Cash Is Building Up !!!
End Of 2017 = $419,000 1st Qtr 2018 = $1,261,000 Million
FY 2017 A/R = $1,270,114 1st Qtr 2018 = $1,128,000
Cash and A/R Combined Cash Assets
December 31, 2017 = $1,689,000
March 31, 2018 = $2,389,000
In awesome position, although a portion will go to acquisition. An increase of over $700K in cash assets and $1.2 million overall in cash assets.

[color=blue]EVERYTHING IS MOVING FORWARDS AND LOOKING GREAT !!!
Another Acquisition Scheduled for 2018
Another Acquisition, SEC Reporting Compliance, and NASDAQ Uplifting for early 2019