Replies to post #84251 on Progressive Care Inc (fka RXMD)

[angeloh]

Those sitting on sidelines better get in before Q1 comes out...
Could be tomorrow morning...

"The start-up has raised $118 million in funding from investors including CRV and Menlo Ventures, and it reached more than $100 million in revenue in 2017, the company says. In 2016 it was reported to be valued at $330 million."
Some perspective for RXMD valuation: $100 million revenue is less than 5x RXMD's $22 million. Leads to some intriguing math and comparisons.

[fibonacci4]

Some napkin math...

Since we know the 2016 valuation of $330M, let's run with that. If they had $100M revenue in 2017, assuming 10-20% growth rate, we can guess their 2016 revenue was between $83-91M.

That puts their company value at 3.6-4.0x revenue.

Translating to RXMD:
2017 revenue was 20M
Same value/rev ratio puts RXMD's (2017, 1-store) worth at $72-80M, almost twice what our worth is at today's closing price.

With the planned expansion...sky's the limit folks. But our PPS is CERTAINLY depressed right now, no matter how you slice it.