Progressive Care Inc (fka RXMD)

[angeloh]

Thanks Jimmy...
Do you believe we'll see a significant income boost from the 2nd location on 081518..?

BUSINESS IS GOOD
Industry average was 60,000 scripts per location. Lol. RXMD is expected to exceed 280,000 this year with just the 1 location. That's over 450% greater than the industry average. They are churning out some major business especially when you consider scripts this year will increase by 50,000 alone, which is nearly equal to the industry average.
http://www.ncpa.co/pdf/digest/2016/2016-ncpa-digest-spon-cardinal.pdf

RXMD Gross Profit Margins are still above the previous years industry average for 1st Qtr with 22.9%. RXMD Gross Profit Margins for 2017 exceeded the industry average by nearly 5%. Seems like they are performing just fine considering all pharmacies and healthcare in general are undergoing the reimbursement pullbacks.
NEWSFLASH: 2ND LOCATION ACQUIRED JULY 1, 2018.