Progressive Care Inc (RXMD)

[RIOgrande44]

Looks like its been a year now,
https://www.progressivecareus.com/post/progressive-care-reports-third-quarter-2022-financial-results-and-appointment-of-charles-m-fernandez-as-new-chief-executive-officer.
What has he done? He ended the toxic debt for RXMD. Looks like he has trippled NXPLs revenue.
all on his watch.
• Revenues:
• FY 2022: $40.6M
• Projected Year-End 2023: $43M (based on annualized 6-month financials)
• Income Improvement:
• 6-months ended June 30, 2023: $638K income from operations, a $970K improvement from the prior 6-month period
• Strong Cash Position:
• Over $7.3M as of June 30, 2023, a $610K improvement from December 31, 2022
• Increased Working Capital:
• $7.1M at June 30, 2023, a $1.6M improvement from December 31, 2022
• Gross Profit Margin Growth:
• 29.2% for 6-months ended June 30, 2023 (up from 22.0% for the same period in 2022)
• Adjusted EBITDA Improvement:
• $790K for 6-months ended June 30, 2023, a $1.2M improvement from the same period in 2022
Progressive Care Inc. Announces Record Second Quarter 2023 Results with Revenues of $11.6 Million and Gross Margins of 31% 340B Contract Revenue Drives Quarterly Top-Line Growth as Operating Income Reaches Record Levels
https://www.otcmarkets.com/filing/html?id=16860723&guid=PrN-kpFM6oxHJth
It looks like he is doing a good job to me, despite what Harry and Loyde keep saying.