Michael Bacchiocchi - Progressive Care Controller

RXMDDelisted Stock  USD 2.11  0.00  0.00%   

Insider

Michael Bacchiocchi is Controller of Progressive Care
Phone786 657 2060
Webhttps://progressivecareus.com

Progressive Care Management Efficiency

The company has return on total asset (ROA) of (0.1189) % which means that it has lost $0.1189 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2357) %, meaning that it created substantial loss on money invested by shareholders. Progressive Care's management efficiency ratios could be used to measure how well Progressive Care manages its routine affairs as well as how well it operates its assets and liabilities.
Progressive Care currently holds 3.11 M in liabilities. Progressive Care has a current ratio of 0.58, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Progressive Care until it has trouble settling it off, either with new capital or with free cash flow. So, Progressive Care's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Progressive Care sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Progressive to invest in growth at high rates of return. When we think about Progressive Care's use of debt, we should always consider it together with cash and equity.

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Progressive Care, Inc., through its subsidiary, Pharmco, LLC, provides prescription pharmaceuticals to individuals and institutions in south Florida. Progressive Care, Inc. was founded in 2005 and is based in Hallandale Beach, Florida. Progressive Care operates under Pharmaceutical Retailers classification in the United States and is traded on OTC Exchange. It employs 118 people. Progressive Care [RXMD] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Progressive Care Leadership Team

Elected by the shareholders, the Progressive Care's board of directors comprises two types of representatives: Progressive Care inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Progressive. The board's role is to monitor Progressive Care's management team and ensure that shareholders' interests are well served. Progressive Care's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Progressive Care's outside directors are responsible for providing unbiased perspectives on the board's policies.
Carlos Rangel, Head Transformation
Robert CPA, Controller
Armen Karapetyan, Sr Consultant
Birute Norkute, Chief Officer
Michael Bacchiocchi, Controller
Charles Fernandez, CEO Chairman
Cecile Munnik, Chief Officer

Progressive Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Progressive Care a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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Other Consideration for investing in Progressive OTC Stock

If you are still planning to invest in Progressive Care check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Progressive Care's history and understand the potential risks before investing.
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