Progressive Care Inc. RXMD Archives

MondayMay 15, 2023 1:30 pm

QualityStocksNewsBreaks – Progressive Care Inc. (RXMD) Releases Record breaking Q1 2023 Financial Results

Progressive Care (OTCQB: RXMD), a personalized healthcare services and technology provider, is reporting its financial results for the first quarter ended March 31, 2023. According to the report, the company saw record quarterly revenue; the report showed a $11.4 million revenue for the first quarter, a 13% increase from the first quarter ended March 31, 2022. Other highlights include total pharmacy revenue increasing by $1.3 million, or 13%; prescription revenue increased by $1.8 million, or 21%, to total $10.4 million during the first quarter of 2023; 340B contract revenue for the quarter was $1.6 million, an increase of $1.2 million; gross…

FridayMay 12, 2023 12:11 pm

QualityStocksNewsBreaks – Progressive Care Inc. (RXMD) Secures Additional $1M Investment From NextPlat Corp. (NASDAQ: NXPL)

Progressive Care (OTCQB: RXMD), a personalized healthcare services and technology provider, has announced its successful completion of a transaction of $1 million investment from NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider. In connection with the $1 million investment, the company sold to NextPlat 455,000 newly issued units, with each comprised of one share of the company’s common stock and one warrant to purchase a share of common stock and a per-unit purchase price of $2.20. In addition, Charles M. Fernandez, who serves as chairman and CEO of both Progressive Care and NextPlat, Rodney Barreto, vice chairman of Progressive Care…

FridayApr 21, 2023 9:00 am

Progressive Care Inc. (RXMD) Technology Solutions May Spark Rapid Expansion

RMXD news indicates that a synergistic tech-healthcare collaboration with potential to ignite both growth and revenues is in the works “Restructuring whiz” takes the helm as CEO, board chair Through technology and proven processes, Progressive Care helps simplify chaos, improve care and reduce costs Recent developments bode well for the future of Progressive Care (OTCQB: RXMD). On a mission to snag ever more market share using data management and analytical tools, the well-established healthcare company might be on the cusp of breaking out of slow-growth mode and into rapid expansion. Several factors are at play that could prove meaningful for…

MondayApr 17, 2023 1:08 pm

QualityStocksNewsBreaks – Progressive Care Inc. (RXMD) Identified as a High-Growth Opportunity

Progressive Care (OTCQB: RXMD) offers services and technology that supports the managed health care industry to reduce costs and improve the quality of care. “The company has been steadily building both its pharmacy and data-management divisions as revenues continue to improve. However, a couple of extremely revealing events recently transpired that may have set the course for considerable upside potential. “The first inkling of something big cooking was revealed in a September press release, which announced that Progressive Care had successfully completed a recapitalization of its debt as well as a strategic investment of $6 million from NextPlat Corp (NASDAQ:…

FridayMar 31, 2023 9:00 am

Progressive Care Inc. (RXMD) Recent News Indicates Something Big Is Brewing

Restructuring whiz takes helm at RXMD New CEO takes no salary or other forms of compensation Company sees infusion of $6 million cash from key investors A synergistic tech-healthcare collaboration grows as financials show upward trend Looks like something big is brewing at Florida-based Progressive Care (OTCQB: RXMD). Focused on health services, the company offers healthcare services and technology that supports the managed healthcare industry to reduce costs and improve quality of care. The company has been steadily building both its pharmacy and data-management divisions as revenues continue to improve. However, a couple of extremely revealing events recently transpired that…

FridayMar 24, 2023 11:58 am

QualityStocksNewsBreaks – Why Progressive Care Inc. (RXMD) Is ‘One to Watch’

Progressive Care (OTCQB: RXMD) is an organization based in Florida that, through its wholly owned subsidiaries PharmcoRx Pharmacy and ClearMetrX, offers personalized care services and technology to support the managed health care industries. “Progressive Care offers a wide range of innovative solutions to address the dispensing, delivery, dosing and reimbursement of clinically intensive, high-cost drugs. Progressive Care currently operates four pharmacies in Florida, which generate the majority of its revenue,” reads a recent article. “Pharmacy revenue is derived from dispensing medications, third-party administrative services to 340B-covered entities, and medication therapy management (‘MTM’) services. The company also provides customized management, patient…

FridayMar 17, 2023 9:45 am

Progressive Care Inc. (RXMD) Is ‘One to Watch’

Progressive Care reported a 4% year-over-year revenue increase to approximately $10.1 million for the quarter ended September 30, 2022 The company’s prescription revenue increased 16% year-over-year to almost $9.4 million during that same period In 2022, Progressive Care received nearly $6 million from a strategic investment transaction with NextPlat Corporation The company launched its ClearMetrX platform for 340B third-party administration in 2022 Progressive Care will partner with MedAvail in2023 to provide prescription dispensing kiosks Progressive Care (OTCQB: RXMD) is a health services organization based in Florida that offers personalized healthcare services and technology that supports the managed healthcare industry. Through…

Site Search

Company Search

Tag: Progressive Care Inc. RXMD