Progressive Care Increases Revenue by 33% to $1.6
Post# of 1525
Posted On: 11/28/2016 9:33:40 AM
Progressive Care Increases Revenue by 33% to $1.6 Million during October 2016
MARKET WIRE 9:31 AM ET 11/28/2016
Symbol Last Price Change
RXMD 0.0342 0 (0%)
QUOTES AS OF 12:55:36 PM ET 11/25/2016
MIAMI, FL -- (Marketwired) -- 11/28/16 -- Progressive Care Inc.(RXMD), through its subsidiary Pharmco LLC, a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities, announces robust October 2016 sales.
PharmCo continues to deliver year over year growth, filling over 18,600 prescriptions and garnering revenues of $1.6 million for the month, which is a 17% and 33% increase over the October 2015 respectively. Through the first 10 months of 2016, the Company has surpassed the total revenue generated in 2015 by over $1 million. At the outset of the year, the Company set an aggressive 20% revenue growth target of $16 million annual revenues. Today, PharmCo is on pace to reach over $17.5 million in annual revenues. Increasing compounding sales are delivering stronger than expected results for the pharmacy.
"This is a really exciting start to the final quarter of the year," stated S. Parikh Mars, CEO. "The Script Pro automation system has been installed, Smart Medical Alliance is already generating revenue and signing new clients, and demand for the PharmCo is continuing to grow. We are set to beat all of our financial goals for the year and deliver outstanding progress to our shareholders."
About Progressive Care(RXMD)
Progressive Care, Inc. (RXMD) , through its subsidiary PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities.
MARKET WIRE 9:31 AM ET 11/28/2016
Symbol Last Price Change
RXMD 0.0342 0 (0%)
QUOTES AS OF 12:55:36 PM ET 11/25/2016
MIAMI, FL -- (Marketwired) -- 11/28/16 -- Progressive Care Inc.(RXMD), through its subsidiary Pharmco LLC, a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities, announces robust October 2016 sales.
PharmCo continues to deliver year over year growth, filling over 18,600 prescriptions and garnering revenues of $1.6 million for the month, which is a 17% and 33% increase over the October 2015 respectively. Through the first 10 months of 2016, the Company has surpassed the total revenue generated in 2015 by over $1 million. At the outset of the year, the Company set an aggressive 20% revenue growth target of $16 million annual revenues. Today, PharmCo is on pace to reach over $17.5 million in annual revenues. Increasing compounding sales are delivering stronger than expected results for the pharmacy.
"This is a really exciting start to the final quarter of the year," stated S. Parikh Mars, CEO. "The Script Pro automation system has been installed, Smart Medical Alliance is already generating revenue and signing new clients, and demand for the PharmCo is continuing to grow. We are set to beat all of our financial goals for the year and deliver outstanding progress to our shareholders."
About Progressive Care(RXMD)
Progressive Care, Inc. (RXMD) , through its subsidiary PharmCo, LLC, is a South Florida health services organization and provider of prescription pharmaceuticals specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long term care facilities.
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