Replies to post #69257 on Progressive Care Inc (fka RXMD)

[TheSerb]

THERE IS A LOT OF GREAT NEWS !!!

[TheSerb]

HERE IS SOME GREAT NEWS !!!

2017 RXMD Key Highlights

Change of listing tier to OTCQB
Over $20 million in net revenues
225,000 prescriptions filled
Addition of Independent Board Members: Jervis Hough and Oleg Firer
Majority Independent Audit Committee
Completion of 2016 Audited Financial Statements
Over 21,000 prescriptions filled in a single month
Secured Community AIDS Network 340B contract.
Doubled monthly 340B revenues since December 2016
Raised over $2.75 million for 340B charitable organizations
Reached over 50 employees
Developed tele-pharmacy platform with software provider MDFlow
Licensed in the following states: Colorado, Connecticut, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Pennsylvania, Texas, Utah, Arizona, Massachusetts
5-star pharmacy performance rating
Opened first PharmCo Pharmacy Resource Center
Celebrated PharmCo's 10 year anniversary

[TheSerb]

EVEN MORE GREAT NEWS !!!

2018 RXMD Strategic Goals

Achieve 25,000 prescriptions filled in a single month by December 2018
Increase annual overall sales to $22 million
Secure additional 340B contracts and long term care facility relationships
Further expansion into Palm Beach County
Achieve accreditation for non-sterile compounding
Achieve full enterprise profitability and earnings growth
Publish 2nd year of audited financial statements and leverage these statements to secure new investment opportunities for mergers and acquisitions
Opening more PharmCo Pharmacy Resource Centers in retirement and long term care communities.
Strengthening our tele-pharmacy platform

[TheSerb]

JANUARY NUMBERS WILL BE RECORD BREAKING !!!

YOY!

RXMD!

[Spider Web]

ONLY $1.8M ON 23K UNITS ???

THERE IS A HUGE DISCONNECT
BETWEEN UNITS AND REVENUE

THE NUMBERS ARE BAD !!!
SOMETHING IS WRONG !!!

ALWAYS A NEGATIVE INCOME
*Monthly ~ Quarterly ~ Yearly*


If They Weren't Currently In Contraction

And If Growth Didn't Stop During Mid-2016

And If There Really Was: "A Busy Season"

And If There Was Real Help From: "The Flu"


THEN THE JAN REVS SHOULD BE = $3M
AND UNITS SHOULD BE AROUND = 25K

BUT IT WON'T EVEN BE NEAR IT

================================

IF EVERYTHING WAS AS THEY SAID
THEN JAN SHOULD AT LEAST BE THIS
Units: 25,000 / 25 W-Days = 1000
Rev: 25,000 X $96.00 = $2,400,000
Est DME Service Rev = $25,000
TOTAL REVENUE = $2,425,000

BUT WHAT YOU GOT INSTEAD WAS
MORE SIGNS OF CONTRACTION !!!
Units: 23,000 / 25 W-Days = 920
Rev: 23,000 X $77.74 = $1,788,000
Est DME Service Rev = $12,000
TOTAL REVENUE = $1,800,000

Unit Cost Dropped Like Rock !
From A FY-2017 Avg Of $90.00

Down To $78.00 Per Unit For Jan
Which Is About A 13% Drop In Revs !

The "Flu" May Have Impacted The Units
To "Appear" Good, But The Severe Drop
In Potential Revenues Is Very Alarming !!!
AND NOTHING IS MENTIONED OF THIS


ONLY $1.8M ON 23K UNITS ???

I KNEW SOMETHING WAS
GOING TO BE SCREWY !!!

SOMETHING IS VERY WRONG !!!


My Opinion Is The Only One That Counts

Please Sticky Me

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