Progressive Care Inc.
CIK:0001402945|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Revenues, net | $ 13,477 | $ 11,556 | $ 28,105 | $ 22,948 | ||||
| Costs of revenue | 8,782 | 7,997 | 19,405 | 16,242 | ||||
| Gross profit | 4,695 | 3,559 | 8,700 | 6,706 | ||||
| Operating expenses | ||||||||
| Salaries and wages | 2,166 | 1,701 | 4,282 | 3,300 | ||||
| Professional fees | 384 | 274 | 862 | 1,048 | ||||
| Depreciation and amortization | 757 | 72 | 1,533 | 137 | ||||
| Selling, general, and administrative | 895 | 888 | 1,795 | 1,583 | ||||
| Impairment loss | 9,792 | [1] | 0 | 9,924 | [1] | 0 | ||
| Total operating expenses | 13,994 | 2,935 | 18,396 | 6,068 | ||||
| (Loss) income from operations | (9,299) | 624 | (9,696) | 638 | ||||
| Other income (expense): | ||||||||
| Debt conversion expense | 0 | (5,206) | 0 | (5,206) | ||||
| Gain on sale or disposal of property and equipment | 0 | 3 | 1 | 3 | ||||
| Interest income | 40 | 7 | 80 | 12 | ||||
| Interest expense | (17) | (65) | (33) | (214) | ||||
| Total other income (expense) | 23 | (5,261) | 48 | (5,405) | ||||
| Loss before income taxes | (9,276) | (4,637) | (9,648) | (4,767) | ||||
| Provision for income taxes | 0 | 0 | 0 | 0 | ||||
| Net loss attributable to common shareholders | $ (9,276) | $ (4,637) | $ (9,648) | $ (4,767) | ||||
| Basic and diluted weighted average loss per common share (in dollars per share) | $ (1.49) | $ (1.05) | $ (1.55) | $ (1.22) | ||||
| Weighted average number of common shares outstanding during the period – basic and diluted (in shares) | 6,241 | 4,427 | 6,240 | 3,896 | ||||
| Product [Member] | ||||||||
| Revenues, net | $ 10,518 | $ 9,399 | $ 21,773 | $ 19,193 | ||||
| Costs of revenue | 8,719 | 7,937 | 19,279 | 16,132 | ||||
| Service [Member] | ||||||||
| Revenues, net | 2,959 | 2,157 | 6,332 | 3,755 | ||||
| Costs of revenue | $ 63 | $ 60 | $ 126 | $ 110 | ||||
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