Question 1

Hi. What was your 2020 revenue? What are your revenue goals for the next 5 years?

Accepted Answer

Hi Leonardo, Our 2020 revenue was $1,670,000, and here's the breakdown of our revenue goals for the next five years: 2021: $7,800,000 2022: $56,000,000 2023: $136,000,000 2024: $200,000,000 2025: $287,000,000 During that timeframe, we additionally aim to onboard 70,000 patients, open at least one additional fulfillment center on the West coast, and enjoy margin expansion. Although we cannot guarantee any projections, we're confident that we can meet our goals. Our solution is in high demand, ...

Question 2

Hi Lawrence, Can you briefly explain why you saw a dip in revenues during the 2019 fiscal year?

Accepted Answer

Hi Joshua, Great question! We transitioned from working with 'seasonal' patients who take about 2 medications to 'year-round patients' that stay on service much longer and require many more medications. As such when we stopped working with summer camps and some boarding schools, and we had a dip in revenue. As an aside, given COVID, this turned out to be the right to make the transition as last summer there were few summer camps in session. I sincerely appreciate your question and interest in...

Question 3

Hi Lawrence, very much interested to know more as it is definitely an area where not many players exist. How do you differentiate yourself from Pillpack or NowRx. What are your customer acquisition expenses and business expansion strategies ? Extrapolation of prior 3 months re...

Accepted Answer

Abhishek, Thank you for your interest in PersonalRX. You have asked some terrific questions. 1) How do you differentiate yourself from Pillpack or NowRx? Our dedicated monthly care calls and Caregiver app are key to our differentiator. Every patient in our network gets a personalized level of service that we have found translates to improved patient compliance, especially in elderly patients. We additionally offer private label co-branding; an option offered by none of our competitors. 2) We ...

Question 4

Hi, how many months the business can keep operating before it's out of money? Also, can you tell us more about margins? Thank you.

Accepted Answer

Manuel, Thank you for your interest in PersonalRX. Currently, we have runway for several months as we raise the capital required to continue our growth trajectory. In terms of margin, the National Community Pharmacy Association (NCPA) reflects that margins across the country with average annual revenue of $3 Million were 22% on average. Obviously, larger pharmacies would benefit from margin expansion and thus margins would increase. Please let me know if you have any further questions. I look...

Question 5

Wefunder never Explains what our investment purchases... Common Stock, yearly% etcetera..been trying to see what my $300 dollars gets me.. CANT FIND IT? Suggestion... Copy Start Engine format...

Accepted Answer

Hi Antonio, our investors receive a Future Equity Agreement (SAFE) with a valuation cap of $30M. You can find more details on SAFEs here: https://help.wefunder.com/contracts/304785-safe-simple-agreement-for-future-equity

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