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Market Brief: Progressive Care, Inc. (RXMD) Second Quarter 2016 Wrap-Up 0 comments

Progressive Care Inc. (OTCPK:RXMD) through its subsidiary Pharmco LLC, a health services organization and provider of prescription pharmaceuticals, held its Q2 earnings 2016 conference call Monday, August 15th. Prior to the conference call, the company announced they recorded back-to-back quarters of record pharmacy sales and positive earnings.

Here are some of the key highlights from the Progressive Care conference call and Press Release:

•Pharmco recorded 52,000 prescriptions during the Q2 of 2016, a 22% gain over the same time last year.

•Pharmco reported net pharmacy revenues of over $4.5 million for Q2 of 2016, a 38% increase over the same quarter 2015.

•In total, the...