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. (TREP) provides outsourced business services through subsidiaries focused on payroll, accounting, human resources, insurance, marketing, and risk management. Company news commonly covers revenue trends, operating performance, client and service expansion, and subsidiary activity such as Afinida Accounting and Afinida Marketing.
Updates also include corporate identity and governance developments, including the completed name change from Trucept, Inc. to Afinida, Inc. and executive leadership transitions. The company frames its offerings around administrative support and operational services for small and mid-sized business clients.
Trucept Inc. (OTC Pink: TREP) reported a robust financial performance for Q2 2021, achieving an 81% increase in operating revenue compared to the same period last year. The company continues to maintain profitability, with CEO Norman Tipton highlighting the success of its core business and subsidiaries. Trucept is also advancing on its financial audits, which faced delays due to COVID-19. The firm provides a range of professional services, including marketing, payroll, and risk management, aimed at aiding businesses in growth and efficiency.
Trucept Inc. (OTC Pink: TREP) subsidiary Afinida expands its payroll services, now operating in 47 states. With Q1 revenue growth of over 18% and a staggering 90% increase in Q2, the company's success is attributed to its personalized service model. Afinida offers services such as payroll processing, HR management, and employee benefits administration. COO Julie Neill highlights the record growth as a testament to their commitment to customer experience, positioning Afinida as a leading provider in the payroll industry.
Trucept Inc. (OTC Pink: TREP) announces the opening of Afinida's East Coast Operations Center located in Cherry Hill, NJ, expanding its payroll services to 47 states. This move aims to enhance customer service and strengthen its competitive position in the payroll industry. COO Julie Neill emphasized the importance of this expansion for client relationships and employee presence in the business-friendly Northeast. Trucept continues to offer a broad range of professional services, including payroll, human resources, and risk management.
Trucept Inc. (OTC Pink: TREP) reported Q1 2021 revenues of $3.8 million, marking a 48.76% increase year-over-year and maintaining profitability for consecutive quarters. CEO Norman Tipton expressed satisfaction with the results, highlighting progress on financial audits to enable uplisting on the OTCQB. The company’s professional services portfolio includes marketing, insurance, payroll, human resources, employee benefits, accounting support, and safety management, aimed at helping businesses navigate growth.
Trucept Inc. (OTC Pink: TREP) reported a significant year-end revenue increase for 2020, achieving $12.3 million compared to $9.4 million in 2019. This growth is attributed to successful management fees, according to CEO Norman Tipton. Net income rose to $1.1 million from $400,000 the prior year. The company also expanded its service offerings by acquiring Afinda Inc. payroll services and UWS Insurance, which Tipton highlighted as crucial for enhancing client services.
Trucept Inc. (OTC Pink: TREP) has announced the addition of Fletcher Robbe to its Board of Directors as part of its compliance strategy. Robbe, an attorney with nearly 50 years of experience in global business and finance, will help oversee the audit of Trucept's financials. His law firm specializes in mergers, acquisitions, and public securities, which will aid Trucept’s expansion into various markets. Chairman Brian Bonar expressed enthusiasm for Robbe's expertise, while Robbe himself looks forward to contributing to the company's growth.