Welcome to our dedicated page for Quad M Solutions news (Ticker: MMMM), a resource for investors and traders seeking the latest updates and insights on Quad M Solutions stock.
Quad M Solutions, Inc. (MMMM) provides specialized financial, employee benefit, and insurance consulting services to small and medium businesses, complemented by staffing solutions and back-office support. This page aggregates official announcements and market-moving developments for stakeholders tracking the company's evolving strategy, including its expansion into electrification technology through acquisitions like REV Technologies.
Access timely updates on earnings reports, regulatory filings, and leadership changes, alongside strategic initiatives shaping the company's position in benefits administration and emerging tech sectors. All content is sourced directly from corporate communications and verified financial channels.
Bookmark this page for streamlined access to MMMM's latest business developments. Combine these updates with fundamental analysis tools available through Stock Titan for informed decision-making.
Quad M Solutions (OTC PINK: MMMM) reported a revenue surge to $4.7 million for Q3 2020, marking a significant increase compared to previous periods. The operating loss decreased to $0.4 million, showing improved financial performance. Year-to-date revenues reached $10.0 million with a reduced operating loss of $1.0 million. The company has also formed strategic partnerships and is preparing for significant growth in the gig economy sector, particularly in health insurance offerings.
Quad M Solutions (OTC PINK: MMMM) will hold a conference call on September 1, 2020, at 4:30 PM ET, to discuss its proposed acquisition of iCan Benefits Group. The call will provide insights into the transaction's strategic importance and anticipated benefits for small and mid-sized employers. Quad M offers staffing and employee benefits services, positioning itself within the essential worker gig economy. Investors can submit questions prior to the call, enhancing engagement.
Quad M Solutions (OTC PINK: MMMM) announced a definitive agreement to acquire iCan Benefits Group in a stock transaction, issuing 4% of outstanding shares. The company will inject $17.5 million to clear iCan's debts before the acquisition's completion on September 29, 2020. iCan has generated over $4.5 million in annual earnings from nearly $37 million in premium revenue. This acquisition aims to expand market reach, particularly among independent contractors, enhancing cross-selling opportunities for staffing solutions and insurance products.
Quad M Solutions (OTC PINK: MMMM) announced a partnership with Rejuvenan Global Health to launch a new health insurance product targeting gig economy workers. The agreement allows Quad M to integrate Rejuvenan's telemedicine and wellness services into its self-insured health plans. CEO Pat Dileo emphasized the potential of technology-driven healthcare to improve affordability and access. The integrated product is expected to be operational by early Q4 2020, coinciding with Rejuvenan's expansion into New York City.
Quad M Solutions (OTC PINK: MMMM) has announced a letter of intent to acquire iCan Benefit Group, which offers enhanced individual and employer benefits. The acquisition aims to leverage iCan's expertise and existing network of nearly 1 million insurance policies to boost Quad M's market presence. With this strategic move, Quad M expects to improve its NuAxess Smart Plan offerings and capitalize on the growing gig economy. The transaction will involve consideration in common stock shares as part of the acquisition terms.
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