Progressive Care Inc (RXMD)

[whatdoyouseek]

The effect of two acquisitions is waning as I predicted. They need continue their expansion mode to reach profitability. Overall, however, I am encouraged to see this increase in 340B submissions. I think they are putting the focus on their 340B business more where they make money by providing services (It's the initial stage of their SaaS model), I think. The LOI showed their future direction. I kind of figured the August numbers may not be as good as they have been since they delayed this PR. 458K is not bad though. If they make that much every month, it is a $40 mill per year pace. We would like to better numbers, not bad. IMO