Subject: Strong Prescription Numbers and Overall Revenue for RXMD

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Strong Prescription Numbers and Overall Revenue for RXMD
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Company: Progressive Care Inc. (OTCQB: RXMD)


Price: 0.0739

Change (%): + 0.0029 (4.08)

Volume: 386,886
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Progressive Care Inc. Continues to See Strong Prescription Numbers and Overall Revenue in May 2018

MIAMI, June 14, 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 May 2018.

Progressive Care’s wholly owned subsidiary PharmCo, LLC has seen an 18.75% increase in prescriptions filled over the same month last year, totaling approximately 22,300 prescriptions.

May brought a total net revenue of roughly 1.78 million dollars: a slight decrease of 4.6% from May 2017, due to decreased reimbursement rates on compounds and the transition of more patients to the company’s 340B model that decreases sales but maintains profitability due to dispensing fees. However, looking at the total revenue combined for April and May, Progressive Care shows an increase of 2.4% compared to last year.

“As we come out of another month of substantial growth we continue to dedicate ourselves to providing our patients a full range of personalized medication therapies,” said S. Parikh Mars, CEO of Progressive Care Inc. “As reimbursement compression across the medication spectrum remains, Progressive Care has devoted itself to increasing revenues with continued sales efforts, medication diversification, and further expansion of our service offerings.”

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