MIAMI, June 17, 2016 /PRNewswire/ --
DailyStockReporter.com Briefing: Helios and Matheson Analytics Inc.
Progressive Care, Inc. (OTC: RXMD) has seen a stronger turn-around in price movement on Friday as compared to Thursday (6/16). After announcing strong monthly revenue and prescription figures on Wednesday, the news that the company would forego certain acquisitions may have been taken as a negative. However further guidance released on Friday shows that the company's goals are still in line with what it has previously stated, to create shareholder value through revenue generating acquisitions.
According to the company, due to the changing rules set by Centers for Medicare & Medicaid Services it will greatly increase the number of denied claims by home health care agencies, reducing the number of patients who would qualify for home health care coverage What that would mean, should the acquisitions gone through, is that Progressive could have paid premiums for would might have ended up being underperforming business units due to these CMS changes. The clarity further revealed in today's shareholder update seems to have struck a positive cord in the market as shares of Progressive Care have rebound by as much as 35%. Shares of RXMD have traded as high as $0.0539 during the month of June
LifeClips Inc. (OTC: LCLP) announced earlier this week that the company would be taking presale orders for its SoloVu 4K action camera. LCLP's SoloVu™ 4k Action Cameras has several key features that competitors like GoPro do not come standard with, such as; an internal gyroscope for greater image stabilization, built in motion detection for activation, and a 12 mega-pixel image camera. These features have afforded the company to gain attention by many in the tech world who are familiar with the growing demand and usage of action cameras. In a statement by the CEO, Bob Gruder stated, "This has been an exciting month for LifeClips. It is with great pleasure and pride that we begin our pre-sale for SoloVu™. If it seems that we are being aggressive in our development as a company, we are! It is my goal and the goal of the entire (LCLP) team to ensure the growth & success of LifeClips and to continue to provide outstanding shareholder value."
Share have traded in a range of $0.54 to $0.63 this week and continue to see an increase in positive market sentiment during the month of June
Sky Solar Holdings, Ltd. (NASDAQ: SKYS) has increased by more than 30% from Thursday's closing price, today. This morning the company announced that based on quarterly earnings, the company suffered less of a loss than originally expected. This news has resonated in the market with bullish sentiment remaining high on Friday. Sky Solar said total revenue grew 14 percent to $11.7 million in the three-month period from $10.3 million in the comparable period. Of this, electricity revenue accounted for $9.9 million representing 94 percent jump over the previous year quarter. However, revenue fell short of the Street predictions of $13.45 million.
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