web analytics
3.1 C
Munich
Tuesday, April 20, 2021

ScripsAmerica, Inc. (OTCMKTS:SCRC) Moves Lower

ScripsAmerica, Inc. (OTCMKTS:SCRC) continues to trade lower in recent weeks since its highs of $0.2199 back in February hitting a recent low of $0.0653 on what looks like dilution.

In recent news the Company said it implemented operational improvements that have resulted in immediate operating efficiencies and increased margins.

CEO Robert Schneiderman said, “While our organizational structure enabled us to grow from $600,000 to more than $30 million in revenue in just one year’s time, it is clear we are now in a better position to leverage our size and scale. Consequently, we recently terminated our relationship with an outside medical billing agency, hired experienced billing professionals, and established our own billing capability. Because of the strength of the platform we have established, we can now expect to achieve efficiencies that will drive down marketing expenses as a proportion of sales.”

ScripsAmerica, Inc. (OTCMKTS:SCRC)  highly efficient marketing and distribution platform provides their clients with competitive pricing and seamless access to a broad customer base. SCRC has built strong relationships across the entire drug distribution chain, from the wholesalers and manufacturers to the end distribution outlets, allowing it to achieve minimum turn-around time and maximum shelf-life for its products.

SCRC has been putting out a number of significant press releases in recent weeks including the one on June 3 that started it all; they announced that the Company has begun discussions with Forbes Investment Ltd. to market, supply, distribute and adapt its RapiMed(R) products throughout China. According to Kline and Company, the Chinese OTC market is valued at over $32 Billion Dollars.

To Find out the inside Scoop on SCRC Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

Jun Liang, Manager of Forbes Ltd. in Shenzhen, China, is arranging for ScripsAmerica to meet with its pharmacy and hospital buying networks as part of an upcoming sales agreement that would introduce RapiMed(R) into the Chinese OTC drug market. Liang said, “ScripsAmerica’s RapiMed Products are uniquely formulated to meet China’s market needs. It allows the country’s pharmaceutical companies, hospitals, nursing facilities, research institutes and the military to adapt RapiMed to fit their situations.”

On April 6 SCRC announced Approved Orders and Preliminary Revenues and Net Income for the first quarter of fiscal 2015. For the first quarter of fiscal 2015, based on strong growth at Main Avenue Pharmacy and PIMD International as well as in the Company’s Diabetic Supply Program, ScripsAmerica is expected to generate net income of $400,000 on nearly $10 million of revenue, significant increases from revenue of $617,000 and a loss of $1.2 million for the same period in 2014. Growth at Main Avenue Pharmacy was driven by over $8.7 million of first quarter Approved Orders.

CEO Bob Schneiderman said, “Fiscal 2015 is off to a great start with outstanding growth in all of our businesses leading to over $400,000 of first quarter net income. The addition of the pharmacies currently under Letter of Intent should help accelerate growth in our specialty pharmacy business.

Our Diabetic Supply Program is rapidly approaching 1,000 enrollees, a point where we believe it will start to make a meaningful contribution to our overall operations. And, as the business grows, our scale is beginning to benefit our cost of operations, which are decreasing as a proportion of total revenues. With a number of additional, exciting developments in progress, such as rolling out new products in our specialty pharmacy business and the introduction of a Physician Dispensing Program, we believe 2015 will be a tranformational year in which we build tremendous value for shareholders in ScripsAmerica.”

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $15.7 million market valuation SCRC has been reporting spectacular revenues growth however they are late on the 10k and we don’t know all the numbers yet. The stock is seeing red on what looks like pipe conversions. We will be updating on SCRC on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with SCRC.

Sign Up now for our 100% FREE Penny Stock Newsletter

Disclosure: we hold no position in SCRC either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.