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| RXMD Continues on Torrid Pace Announcing Best January in Company History |
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 Hot Stock to Watch |
Company: Progressive Care Inc. (OTCQB: RXMD)
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Last:
Price: 0.08
Change (%): + 0.00 (0.00)
Volume: 151,230 |
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Progressive Care Inc. Announces Best January in Company History
MIAMI, Feb. 20, 2019 (GLOBE NEWSWIRE) — Progressive Care Inc. (OTCQB: RXMD), a personalized healthcare services and technology company, today announced further growth year-over-year in revenue and number of prescriptions filled for January 2019.
In January, the company reported a total of $1.9 million in net revenue, a 5.5% increase from the same month last year, and a 31% increase in prescriptions filled during the same month last year, totaling nearly 31,000 prescriptions filled. This marks the strongest January in Company history.
The Company is continuing to move forward on the acquisition process, working through the final agreements and documents necessary to facilitate the change of ownership transition. The Company has reached agreement on all principal terms with the sellers and is awaiting last reviews and approvals on paperwork to fund escrow.
“We started 2019 on a great note. Progressive Care exceeded December 2018 prescriptions filled and is moving forward on major initiatives,” said S. Parikh Mars, CEO of Progressive Care. “We are excited to fund escrow on the acquisition soon and start the transitional regulatory process. We are confident that our growth strategy will yield results in 2019, allowing us to take the next big steps in our development.”
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