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Progressive Care Inc (RXMD)

Progressive Care Inc (RXMD)
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Progressive Care, Inc. through its subsidiaries, is a South Florida health services organization and provider of administration and practice management, utilization management, quality assurance, EHR Implementation, billing and coding, health practice risk management, prescription pharmaceuticals, compounded medications, the sale of anti-retroviral medications, medication therapy management (MTM), and the supply of prescription medications to long term care facilities. The Company operates a retail pharmacy that specializes in the sale and rental of durable medical equipment (DME), such as hospital beds, oxygen supplies, power wheelchairs, scooters, walkers, and other related equipment and accessories. It also provides long term care solutions to skilled nursing facilities, assisted living facilities, retirement centres and communities, Doctors offices, and clinics. The Company offers EnovaRx, which is FDA approved manufactured pain creams that are readily available with a prescription.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Sales 49,730 40,600 38,850 38,940 32,630
Sales Growth +22.49% +4.50% -0.23% +19.34% +55.83%
Net Income -19,420 -5,900 220 -1,450 -2,510
Net Income Growth -229.15% -2,781.82% +115.17% +42.23% -53.99%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Total Assets 40,380 18,010 10,630 11,540 8,590
Total Assets Growth +124.21% +69.43% -7.89% +34.34% +74.59%
Total Liabilities 13,820 10,400 10,240 13,260 10,840
Total Liabilities Growth +32.88% +1.56% -22.78% +22.32% +130.15%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Operating Cash Flow 870 670 -760 1,150 -610
Operating Cash Flow Growth +29.85% +188.16% -166.09% +288.52% -144.00%
Net Cash Flow 1,150 5,330 -690 1,280 730
Change in Net Cash Flow -78.42% +872.46% -153.91% +75.34% +321.21%
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