Trucept Inc Stock Price, News & Analysis

Afinida (OTCID:TREP) reported strong financial performance for the first half of 2025, achieving 13% revenue growth to reach $11.1 million, compared to $9.8 million in the same period of 2024. The company successfully reduced operating expenses by over 5% from $6.7 million to $6.4 million.

The record-breaking six-month revenue was driven by new client acquisitions through Afinida Marketing and completed audits for Professional Employer Organization (PEO) clients by Afinida Accounting. The company expects to maintain this growth momentum through the second half of 2025.

Afinida, Inc. (OTC Pink: TREP), formerly known as Trucept, Inc., has received official approval from FINRA for its corporate name change. The company will maintain its ticker symbol TREP while operating under the new name Afinida, which better aligns with its existing subsidiaries. The company provides comprehensive business solutions through six main subsidiaries: Afinida Accounting, HR, Insurance, Marketing, Payroll, and Risk Management. According to COO Julie Neill, this rebranding initiative aims to streamline operations and enhance client experience by presenting a more unified brand identity across all business units.

Afinida (OTC PINK:TREP) announced the retirement of CEO Norman Tipton, who has served multiple roles including Vice President and General Counsel of Afinida and Trucept for the past 10 years. Tipton has been a member of Trucept's Board of Directors since 2013.

Throughout his career, Tipton held management positions at Fortune 500 companies, overseeing human resources, labor relations, and negotiations. He also served as an advisor to several publicly-traded company boards.

Chairman Brian Bonar acknowledged Tipton's contributions and leadership. The company has initiated the search for a new CEO and is currently evaluating potential candidates. While the vetting process is expected to be thorough, Afinida aims to select a candidate who will continue Tipton's vision and legacy.

Afinida (OTC Pink: TREP) reported strong financial results for 2024, with total net revenues reaching $23 million, marking a significant 17% increase ($3.3 million) from the previous year. The growth is attributed to strategic investments in new operating subsidiaries across marketing, human resources, risk, and accounting sectors.

The company achieved notable financial milestones, including a gross profit increase of $1 million (8%) through efficient subsidiary operations. Afinida's enhanced focus on accounts receivable collections led to improved cash flow sustainability, resulting in a substantial 70% reduction in accounts payable balances, equivalent to nearly $800,000.

Afinida Accounting, a subsidiary of Afinida Inc. (OTC Pink:TREP), has announced the launch of fractional CFO services for small and medium-sized businesses. The new offering provides outsourced accounting support, including high-level financial analysis and strategic fiscal recommendations.

Led by CFO Brendan McMenamy, CPA, the service package includes:

• Financial Statement Preparation
• Personalized Bookkeeping
• Deep-Dive Analysis
• Cash Flow Management
• Risk Management & Compliance
• Auditing & Statement Reviews

This strategic move comes amid growing demand for flexible, on-demand accounting services that offer time efficiency, scalability, and cost savings for businesses lacking resources or need for full-time CFOs.

Afinida (OTC Pink: TREP) has announced that its subsidiary, Afinida Marketing, has secured contracts with eight businesses worth over $450,000 in annual revenue. The company will provide comprehensive marketing services, including digital and traditional methods, to help these clients grow their brand awareness and drive sales.

Among the notable clients are:

• A PEO processing over $275M in gross wages with $7M annual revenue
• A niche marketing firm with $300M in gross sales and $16M in last quarter's new sales
• A payroll specialist processing 13,000+ client payrolls and 100,000 employee paychecks in 2024
• A safety and risk management organization with 190 business clients and $1M+ revenue

CEO Norman Tipton indicated that additional contracts are expected throughout the year.

Afinida Marketing, a subsidiary of Trucept Inc. (OTC Pink: TREP), has doubled its team size to meet increasing client demand. The marketing division now employs 10 full-time experienced marketers, expanding its capabilities to deliver comprehensive marketing solutions.

The enhanced service offerings include:

• Video Production with expert storytelling
• Company Branding with logo creation and industry research
• Customized Writing Services for various content needs
• Corporate Communications including press releases and media kits

According to CEO Norman Tipton, this expansion comes at an optimal time as the company prepares for continued growth and new business acquisition.

Trucept Inc. (OTC Pink: TREP) reported strong Q3 2024 financial results with significant growth across key metrics. The company achieved a 33% increase in Net Revenues reaching $1,524,541 and a 34% increase in Gross Profit totaling $1,006,660 compared to Q3 2023. Year-to-Date Net Revenues grew by 27% to $3,658,912, while YTD Net Income increased by 6% compared to 2023. The company, operating as Afinida, provides various business solutions including accounting, HR, insurance, marketing, payroll, and risk management services.

Trucept Inc. (OTC Pink: TREP), doing business as Afinida, has promoted Brendan McMenamy to Chief Financial Officer following his successful completion of CPA exams. McMenamy, who has been with the company for five years, has demonstrated strong financial leadership and expertise. The company, which provides comprehensive business solutions including accounting, HR, insurance, marketing, payroll, and risk management services, expects McMenamy's strategic insights to continue driving growth and operational support for clients.