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| RXMD Announces Another Big Sales Milestone Business is Booming |
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 Hot Stock to Watch |
Company: Progressive Care Inc. (OTCQB: RXMD)
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Last:
Price: 0.069
Change (%): + 0.0018 (2.68)
Volume: 580,444 |
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Progressive Care Inc. Announces Record Number of Prescriptions Filled and Strong Revenues During August 2018
MIAMI, Sept. 18, 2018 (GLOBE NEWSWIRE) - Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced further growth year-over-year in both revenue and number of prescriptions filled for August 2018. In August, the company reported a total of $1.93 million in net revenue, a 3% increase from the same month last year, and a 44 increase in prescriptions filled during the same month last year, totaling just over 29,000 filled prescriptions.
Progressive Care’s wholly-owned subsidiary PharmCo, LLC saw a record month for prescriptions filled in August, reporting a 30% increase in prescriptions filled over the same month last year, totaling more than 26,200 prescriptions.
The company’s newest PharmCo Rx 1002 facility reported just over 2,700 prescriptions filled during the month of August and approximately $116,000 in revenue. Since completing the acquisition of the Touchpoint pharmacy last month, Progressive Care has increased the involvement of its own management at the new location to ensure it will continue to have a significant contribution on the company’s ongoing expansion plans for the remainder of 2018 and well into the following year.
“We are proud to announce another month of significant growth for Progressive Care. The strong sales and prescription numbers reported for August serve as a testament to the increased value we continue to deliver to not only our shareholders, but also to our growing network of patients, physicians, and providers,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc.
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