RXMD - InvestorNewsBreaks - Progressive Care Inc. (RXMD) Announces Record Q2 2023 Results 16% Growth from Q2 2022
Progressive Care (OTCQB: RXMD), a personalized healthcare services and technology provider, today announced financial results for the second quarter ended June 30, 2023. According to the update, the company experienced record quarterly revenues of $11.6 million, a 16% growth from the second quarter ended June 30, 2022. “Over the past few months, our team was focused on ensuring that Progressive Care had a strong financial foundation, one that could support its continued growth while enabling it to capitalize on the largely untapped potential we see in the pharmacy and healthcare markets. I am pleased to report that through our efforts, at the end of the second quarter, not only has the company continued to grow, but we successfully eliminated the company’s outstanding convertible debt and increased the cash available to operate the business,” said Charles M. Fernandez, chairman and CEO of Progressive Care. “Looking ahead, we remain committed to further building upon our improved balance sheet, driving growth and better positioning the company to create shareholder value.”
To view the full press release, visit https://ibn.fm/Ey7PM
About Progressive Care Inc.
Progressive Care, through its subsidiaries, is a Florida health services organization and provider of third-party administration (“TPA”), data management, COVID-19-related diagnostics and vaccinations, 340B contracted pharmacy services, prescription pharmaceuticals, compounded medications, provider of tele-pharmacy services, the sale of anti-retroviral medications, medication therapy management (“MTM”), the supply of prescription medications to long-term care facilities, and health practice risk management.
NOTE TO INVESTORS: The latest news and updates relating to RXMD are available in the company’s newsroom at https://ibn.fm/RXMD
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