{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-011782","form_type":"8-K","ticker":null,"cik":"0001402945","company_name":"Progressive Care Inc.","filed_at":"2024-04-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.260968+00:00","generated_at":"2026-06-03T23:58:52.484727+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Progressive Care reports record FY 2023 revenue $49.7M (+22% YoY) but net loss $19.4M on $13.9M goodwill impairment","bullets":["Record revenue $49.7M (+22% YoY); prescription revenue up 17% to $40.7M; 340B contract revenue up 136% to $9.0M.","Gross margin improved to 30% from 24%; operating loss rose to $14.0M due to $13.9M non-cash goodwill impairment.","Net loss attributable to common shareholders $19.4M (vs $6.4M in 2022); cash $7.9M; positive operating cash flow $0.9M.","NextPlat Corp (NXPL) consolidates Progressive Care after change in control July 2023; CEO exercises warrants.","Expanded 340B contracts, added OTC benefit programs and Cost Plus Drugs partnership to broaden offerings."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-011782","json":"https://secwatch.observer/filing/0001437749-24-011782.json","markdown":"https://secwatch.observer/filing/0001437749-24-011782.md","text":"https://secwatch.observer/filing/0001437749-24-011782.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402945/000143774924011782/0001437749-24-011782-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402945/000143774924011782/rxmd20231220_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T23:58:52.484727+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"51714f3964ac19466a3ce56648774a6d37360f2d","claim":"Progressive Care Inc. reported the year ended December 31, 2023 results: revenue approximately $49.7 million.","evidence_excerpt":"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%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402945/000143774924011782/0001437749-24-011782-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"approximately $49.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}