Page 1

Exhibit 99.1 MedAvail MedAvail Reports Third Quarter 2021 Financial Results MISSISSAUGA , Ontario and PHOENIX , Ariz . - November 8 , 2021 - MedAvail Holdings , Inc. ( Nasdaq : MDVL ) ( " MedAvail " ) a technology - enabled pharmacy company , today reported financial results for the three months ended September 30 , 2021 . " We are encouraged by our third quarter results , highlighted by our recent partnerships to broaden our footprint in Florida . Our expansion opportunities demonstrate the value proposition of our SpotRx embedded pharmacy model . With each new SpotRx deployment and partnership in our targeted states , we are building a foundation to deliver sustainable and scalable growth , " said Ed Kilroy , Chief Executive Officer of MedAvail . " As we look to the remainder of 2021 , we remain focused on continued execution across our initiatives and are confident that we are well positioned with our pipeline opportunities in key markets . " Third Quarter 2021 Financial and Operational Highlights All comparisons , unless otherwise noted , are to the three months ended September 30 , 2020 . • Total net sales were $ 5.8 million . . Total net sales by segment о Retail Pharmacy Services sales increased 149 % to $ 5.4 million Pharmacy Technology sales decreased 93 % to $ 0.3 million . Net sales for the third quarter of 2020 included a non - recurring benefit of $ 4.7 million recognized in conjunction with a commercial agreement from 2018 ; excluding this benefit , Pharmacy Technology sales increased 51 % 14 MedCenter deployments compared to 11 total MedCenter deployments Net Loss was $ 11.3 million compared to a net loss of $ 2.5 million о Net loss of $ 2.5 million in the third quarter of 2020 included the non - recurring benefit of $ 4.7 million noted above Adjusted EBITDA losses of $ 10.1 million compared to $ 5.1 million Cash , cash equivalents , and restricted cash totaled $ 36.3 million as of quarter - end Full Year 2021 Financial Outlook MedAvail is reaffirming its revenue guidance of at least $ 21 million for the full year ending December 31 , 2021. The minimum number of new clinics the company expects to deploy in 2021 remains unchanged at 45 . Conference Call MedAvail will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET on Monday , November 8 , 2021 , to discuss its third quarter 2021 financial results . A webcast of the conference call can be accessed at https://investors.medavail.com/ . The webcast will be archived and available for replay for at least 90 days after the event . About MedAvail MedAvail Holdings , Inc. ( NASDAQ : MDVL ) is a technology - enabled pharmacy organization , providing turnkey in - clinic pharmacy services through its proprietary robotic dispensing platform , the MedAvail MedCenter , and home delivery operations , to Medicare clinics . MedAvail helps patients to optimize drug adherence , resulting in better health outcomes . Learn more at www.medavail.com .