Progressive Care Makes Progress on Revenues, Stock Price.
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Progressive Care Makes Progress on Revenues, Stock Price.

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, July 17, 2019

Signs are pointing upward these days for Miami-based Progressive Care Inc. (OTCQB:RXMD). On Wednesday, the personalized health-care services and technology company declared record revenues of $3.3 Million for June, not to mention an 80% increase in prescriptions filled at nearly 46,000 in total.

June represented the first month of consolidated revenue for RXMD, with four locations in Florida. Prescriptions filled have grown steadily for all locations, especially PharmCo Palm Beach which increased by 38% and yielded a 165% increase in revenues.

Said CEO Parikh Mars, “This was the first month of having four locations under our umbrella. 

“We are more than pleased with the performance last month as it exceeded our expectations. Yet, we are focused on the potential for growth and are working on major big picture goals throughout the rest of the year.”

Investors in RXMD could not contain themselves much of Wednesday morning, bidding up the stock nine-10ths of a cent, or 16.1%, to 6.5 cents, on volume of just over one million. 

 


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