Progressive Care Inc. Announces Record Full Year 2023 Results with Revenues of $49.7 Million, an Increase of 22% with Annual Gross Margins of 30%

April 11, 2024

https://www.prnewswire.com/news-releases/progressive-care-inc-announces-record-full-year-2023-results-with-revenues-of-49-7-million-an-increase-of-22-with-annual-gross-margins-of-30-302114850.html

Results Driven by 17% Increase in Pharmacy Prescription Revenue and Over 136% Growth in 340B Contract Services Revenue

MIAMI, April 11, 2024 /PRNewswire/ — Progressive Care Inc. (OTCQB: RXMD) (“Progressive Care” or the “Company”), a personalized healthcare services and technology provider, today announced financial results for the year ended December 31, 2023. The Company reported record annual revenues of approximately $49.7 million, a 22% increase from results reported for the year ended December 31, 2022, driven by strong growth at its PharmcoRx pharmacies and the addition of multiple new 340B contracts in the second half of 2023.

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