Progressive Care Inc (RXMD): Yep... Valuation Reminder This was...

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Progressive Care Inc (RXMD)

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Re: fibonacci4 post# 103304

Tuesday, 10/16/2018 12:45:57 PM

Tuesday, October 16, 2018 12:45:57 PM

Yep...

Valuation Reminder
This was discussed back in April when Walmart was looking to buy Pillpack, but I thought it was worth revisiting. Below is a very simple way of putting a valuation on Progressive Care based on the numbers we have from Pillpack:

We know Pillpack's 2016 valuation was $330M. We also know they had $100M revenue in 2017. Assuming a 10-20% growth rate, we can guess their 2016 revenue was between $83-91M. That put their company value at 3.6-4.0x revenue.

Translating to RXMD:
2017 revenue was 20M
Same value/rev ratio puts RXMD's (2017, 1-store) worth at $72-80M
We now have multiple locations and higher revenues
Current valuation/PPS is depressed by at least a factor of 3-4x

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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
Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 04:16:29 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:40:42 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:34:02 PM
Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 01:20:59 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 04:05:24 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/20/2023 04:04:51 PM
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
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2023 01:35:39 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 04:14:11 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:54:39 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:51:22 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/11/2023 08:49:13 PM

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