No insider purchase over the last 90 days. The latest, by Barreto Rodney, was filed 30 Jun 2023.
Every trade that managers of Progressive Care Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Healthcare & Pharma sector. Progressive Care Inc. has had no insider filing for more than a year; the last one goes back to 23 October 2023.
Looking back to 2021, when coverage begins, insiders filed 10 purchases and 8 sales.
For comparison within the same sector, see the insider buying recorded at Xenon Pharmaceuticals Inc. and Vivos Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
FY ended December 2022 · cache
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Progressive Care Inc. is a United States healthcare company that built its business around pharmacy services, patient support, and healthcare data/administration solutions. Founded in 2005 and incorporated in Delaware on October 31, 2006, the company developed as a niche operator focused on retail pharmacy, contract pharmacy services, and clinical support offerings. Its operational base has been in Hallandale Beach, Florida, United States. Over time, Progressive Care combined pharmacy dispensing with managed-care support functions, allowing it to address a fragmented but highly regulated corner of the healthcare market.
The company’s main business lines include retail pharmacy operations, prescription fulfillment, compounded medications, 340B contract pharmacy services, medication therapy management (MTM), third-party administration and billing support, telepharmacy services, and supply arrangements for long-term care facilities. It has also offered COVID-19 diagnostics and vaccination services, along with data management and practice risk-management solutions for healthcare organizations. This mix gives the business exposure both to pharmacy economics and to administrative services that help clients manage reimbursement, compliance, and patient engagement.
From a competitive standpoint, Progressive Care operates in a crowded landscape that includes large national pharmacy chains, integrated pharmacy benefit and healthcare service platforms, and specialized long-term-care pharmacy operators. Its relative positioning has been based less on scale and more on specialization, local execution, and access to niche reimbursement frameworks such as 340B. For investors, that means the equity has historically carried the characteristics of a small-cap/micro-cap healthcare name: operational leverage can be meaningful, but so can customer concentration, reimbursement pressure, and execution risk.
In market terms, Progressive Care was formerly quoted on OTCQB under the symbol RXMD. A major corporate event occurred on October 1, 2024, when Progressive Care completed its merger with NextPlat Corp and became a wholly owned subsidiary of NextPlat, which is listed on NASDAQ in the United States. As a result, investors should now view Progressive Care’s healthcare operations within the broader NextPlat reporting structure rather than as a standalone public issuer. Recent developments included improved 2024 operating momentum, supported by additional 340B pharmacy service agreements and stronger prescription volumes at PharmcoRx locations. The key analytical question going forward is whether those healthcare operations can sustain growth and margin improvement inside the NextPlat platform while preserving the specialization that originally differentiated the business.
Purchases our model currently ranks for the recommendations list.
All recommendations| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2022 | 42.0 m USD | -5.9 m USD | -2.21 USD | 10-K |
| Dec 2021 | 41.0 m USD | 217,993 USD | 0.07 USD | 10-K |
| Dec 2011 | 8.2 m USD | -254,277 USD | n.d. | 10-K/A |
| Dec 2010 | 5.9 m USD | 1.9 m USD | n.d. | 10-K/A |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.