Progressive Care Inc (fka RXMD)

[SilentWolf]

Turbo, you know I like you, but calling the 10k for 2022 "mediocre" is like saying you went to a Proctologist named Dr. Hook, and had a pleasant experience.

Their gross margins dropped from 26 to 24%, ebitda was negative 1.57 million compared to a positive 167 thousand for year(2021), and they had a net loss of 5.9 million compared to a 217 thousand profit for year(2021).

Gross revenues were slightly higher by about a million or two. Going by memory, so I don't remember exactly.

They also indicated that they will need to raise capital, which will result in significant dilution for shareholders.