Progressive Care Announces November 2020 Results, Reports Strong Prescriptions and Covid-19 Rapid Testing Sales
BY GlobeNewswire
— 7:00 AM ET 01/08/2021
MIAMI, FL, Jan. 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Progressive Care Inc. ( RXMD
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) (“Progressive Care” or the “Company”), a personalized healthcare services and technology company, is pleased to announce performance data for the month of November 2020.
• Consolidated gross sales across all locations during November 2020 totaled $3.4 million, representing a 6.3% year-over-year growth when compared with November 2019.
• Prescriptions filled during November came in at approximately 42,600, which was roughly flat (down less than 1%) on a year-over-year basis.
• 340B fees grew 94% in November on a year-over-year basis, to approximately $212,000.
• The Company booked approximately $160,000 in revenues related to Rapid Results COVID-19 Virus Testing in November, up 72% on a month-over-month basis.
“While this remains a challenging environment for our clients, patients and providers, we continue to execute at a high level, and we are grateful for the opportunity to provide value for our surrounding communities,” commented Alan Jay Weisberg, CEO and Chairman of Progressive Care ( RXMD
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). “Overall sales continued to demonstrate a robust growth trend, our testing and TPA services surged once again, and we look forward to further growth opportunities in the months and quarters ahead given our recent physical consolidation, our upcoming Orlando, Florida expansion, and the strong logistical foundations we have laid for both the launch of Covid-19 vaccine administration and further robust growth in our COVID-19 testing services.”
The Company has also recently completed a move into its new 11,000 sq ft pharmacy space in Hallandale Beach, Florida and plans to complete the move to its new 3,700 sq ft Orlando location before the end of January, which should drive important performance gains, advances in productivity, volume, and market reach due to the space and efficiency.
“Our expanded Orlando location represents a major upgrade,” added Weisberg. “In addition to driving gains in our access to the dynamic Orlando market, the move will allow us to build out our growing 340B business and dramatically expand our rapid results testing services.”
For more information about Progressive Care ( RXMD
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), please visit the company’s website. Connect and stay in touch with us on social media:
Progressive Care Inc. ( RXMD
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)
