Posted on Jul 21, 2018

Mass Ventures Corporation

Progressive Care Inc Reports Largest Single Revenue Quarter in Company History

Progressive Care Inc. (OTCQB: RXMD), a healthcare services and technology organization providing prescription pharmaceuticals, compounded medications, health risk management and tele-pharmacy services, today announced financial results for the quarter ending March 31, 2018, and provided an overview of recent operational highlights along with updates on the Company’s strategies.
The Company dispensed a total of 64,000 prescriptions in Q1, a 24% increase over Q1 2017. Revenue for the month of March 2018 was the largest single month in the Company’s history, totaling $1.9 million. For the period ending March 31, 2018, Progressive Care showed net revenue of $5,147,345, which was an increase of 7.36% year-over-year. Progressive Care’s total assets were $3,846,041 as of March 31, 2018, compared to $2,581,113 as of March 31, 2017 — an increase of 49%.
The Company continues to grow its patient base by marketing to doctors’ offices and clinics who refer their patients to the pharmacy. Healthcare providers are increasingly recommending Progressive Care subsidiary PharmCo because of its high standards of patient care and attention to performance measurements and their implications. Based on the performance in the first quarter, management expects that future growth will be driven by continued expansion into new market territories, concentrated efforts toward developing our compliance a
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