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| RXMD Announces September Continues Streak of Strong Revenues and Year to Year Growth Too |
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 Hot Stock to Watch |
Company: Progressive Care Inc. (OTCQB: RXMD)
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Last:
Price: 0.065
Change (%): - 0.0048 (6.88)
Volume: 1,812,693 |
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Progressive Care Inc. Announces 40% Year-Over-Year Increase in Prescriptions Filled and Continued Strong Revenues in September 2018
MIAMI, Oct. 16, 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 September 2018.
In September, the company reported a total of $1.6 million in net revenue, a 7% increase from the same month last year, and a 40% increase in prescriptions filled during the same month last year, totaling more than 24,300 filled prescriptions.
Progressive Care’s wholly-owned subsidiary PharmCo, LLC saw a record month for prescriptions filled in September, reporting a 23% increase in prescriptions filled over the same month last year, totaling more than 21,350 prescriptions. The company’s newest PharmCo facility, Touchpoint Rx (dba PharmCo Rx 1002), reported just over 3,000 prescriptions filled during the month of August and nearly $100,000 in revenue. The growth is a result of Progressive Care’s continued development of the company following the completed acquisition of the pharmacy in early July of this year.
“As we close out another strong quarter, we are proud to report another equally strong month of sales and prescription numbers. These results illustrate our ongoing dedication and commitment to providing patients with a full range of personalized pharmacy services,” said S. Parikh Mars, Chief Executive Officer of Progressive Care Inc. “We are pleased with the growth we are seeing from our PharmCo West Palm Beach facility (formerly referenced as Touchpoint Rx). We are excited about all of the progress and opportunities we have now because of the recognition of our unique approach and breadth of pharmacy services.”
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