Welcome to our dedicated page for Afinida news (Ticker: TREP), a resource for investors and traders seeking the latest updates and insights on Afinida stock.
Afinida Inc. (OTC Pink: TREP) generates a steady flow of news centered on its role as a provider of business and human resources consulting services through multiple Afinida-branded subsidiaries. This news page highlights company announcements that cover financial performance, service expansions, leadership changes, and client wins across payroll, HR, accounting, risk management, insurance, and marketing.
Recent press releases describe revenue growth tied to strategic investments in new operating subsidiaries and the expansion of Afinida’s client base. Updates have included annual and interim financial results, year-over-year revenue increases, gross profit improvements, and operating expense reductions. These disclosures often explain how subsidiaries such as Afinida Marketing and Afinida Accounting contribute to overall company performance through new contracts, audits for professional employer organization (PEO) clients, and expanded service offerings.
News items also focus on operational developments within specific subsidiaries. Afinida Marketing has reported record revenue growth between quarters, new contracts with multiple businesses in sectors ranging from PEO services to retail, and the expansion of its marketing team to address increasing client demand. Afinida Accounting has announced the introduction of fractional CFO services, detailing capabilities in financial statement preparation, bookkeeping, analysis, cash flow management, compliance, and audit support.
Corporate governance and branding updates appear in the news as well, including the accepted change of Trucept, Inc.’s operating name to Afinida, Inc. and leadership transitions involving CEO retirement and the appointment of an interim CEO. Investors and observers can use this news feed to follow how Afinida’s subsidiaries evolve, how its financial profile changes over time, and how management describes its strategy for supporting business clients.
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.
Trucept, Inc. (OTC Pink: TREP), operating as Afinida, has announced the release of its audited financials for 2022. CEO Norman Tipton stated that the company expects to publish its 2023 financials soon. Trucept offers a comprehensive portfolio of professional services, including:
- Afinida Accounting – Financial Accounting Services
- Afinida Insurance - Insurance Offerings and TPA services
- Afinida HR - Human Resources and Management
- Afinida Payroll - Full-Service Payroll
- Afinida Marketing – Full-Service Marketing Agency
- Afinida Risk Management - Safety and Risk Management
The company aims to help businesses focus on their core operations while handling peripheral business processes.
Trucept, Inc. (OTC Pink: TREP), operating as Afinida, has reported significant financial growth for the second quarter of 2024. The company achieved a 25% increase in gross profit, amounting to $867,657 quarter-over-quarter. Additionally, Trucept recorded a 24% increase in income from operations and a 10% rise in net and comprehensive income compared to the previous quarter.
CEO Norman Tipton attributed these strong results to the company's strategic initiatives and focus on operational excellence. Trucept's portfolio of professional services includes Afinida Marketing, Insurance, Payroll, HR, Accounting, and Risk Management, demonstrating its commitment to meeting diverse client needs and driving sustainable growth.
Trucept (DBA Afinida) reported a notable financial performance for Q1 2024, with significant increases in both revenue and gross profit. Net revenue rose by 21%, reaching $4,952,143 compared to $4,092,027 in Q1 2023. Gross profit saw a 31% increase, totaling $3,411,530 versus $2,607,352 the previous year.
The company's current ratio also improved to 1.07 from 1.0. CEO Norman Tipton attributes this success to strategic investments in technology and a focus on client-centric services, enhancing operational efficiencies and customer satisfaction. Afinida's service portfolio includes marketing, insurance, payroll, HR, accounting, and risk management solutions.
This robust financial performance underscores Afinida's commitment to sustainable growth and delivering shareholder value.
Afinida has promoted Rachel Henton to Vice President of Human Resources, recognizing her two decades of HR experience spanning various industries. Rachel will lead HR client relations and support functions to support Afinida's growth plans. The company focuses on integrating and managing business services to drive efficiency and growth.
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