Trucept, Inc. DBA Afinida Reports Strong Q3 2024 Financial Results, Marking Sustained Growth and Profitability

Rhea-AI Summary

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.

Positive

• 33% increase in Q3 2024 Net Revenues to $1,524,541
• 34% increase in Q3 2024 Gross Profit to $1,006,660
• 27% increase in YTD Net Revenues to $3,658,912
• 6% increase in YTD Net Income

Negative

• None.

ESCONDIDO, Calif., Nov. 19, 2024 /PRNewswire/ -- Trucept, Inc. (OTC Pink: TREP) DBA Afinida is pleased to announce its Q3 2024 financial results, showcasing robust growth across key metrics compared to the same period last year. The company's continued focus on operational efficiency and client satisfaction has resulted in another profitable quarter, setting the stage for a strong close to the year.

Trucept, Inc. (DBA Afinida) Achieves 33% Revenue Growth and 34% Profit Increase in Q3 2024

Q3 2024 Financial Highlights:

• $1,524,541 or 33% increase in Net Revenues for Q3 2024 vs. Q3 2023
• $1,006,660 or 34% increase in Gross Profit for Q3 2024 vs. Q3 2023
• $3,658,912 or 27% increase in Year-to-Date (YTD) Net Revenues compared to 2023
• 6% increase in YTD Net Income compared to 2023

"We are proud to release the Q3 2024 financial results for Trucept, Inc. and to announce to our shareholders that we have achieved another profitable quarter," said Brendan McMenamy, CFO. "The third quarter is always difficult, operationally speaking, considering year-end is looming in the distance – I am very pleased with our sustained growth, and our teams are pushing for a successful Q4 to close the year out strong!"

Trucept, Inc. continues to leverage its diverse portfolio of business solutions to drive growth and shareholder value, while its dedicated team ensures sustained excellence in service delivery and operational performance.

Stay informed with the latest updates from Trucept, Inc. Read our full report and explore more company news at https://trucept.com/investors/#reports

Trucept Inc. (DBA Afinida) continues to innovate and adapt to meet the evolving needs of its clients while driving sustainable growth and delivering shareholder value. It's portfolio of professional services includes:

• Afinida Accounting – Financial Accounting Services
• Afinida HR - Human Resources and Management
• Afinida Insurance -Insurance Offerings and Third-party Administrator (TPA) services
• Afinida Marketing – Full-Service Marketing Agency
• Afinida Payroll - Full-Service Payroll
• Afinida Risk Management - Safety and Risk Management

About Trucept Inc.

Trucept Inc. (DBA Afinida) is a renowned name in the business solutions sector, dedicated to helping companies focus on their core operations while it takes care of the peripheral business processes. With its extensive suite of services and a commitment to excellence, Trucept has been a trusted partner for countless businesses, aiding their growth and success.

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SOURCE Trucept Inc.

FAQ

What was Trucept's (OTC: TREP) revenue growth in Q3 2024?

Trucept reported a 33% increase in Net Revenues, reaching $1,524,541 in Q3 2024 compared to Q3 2023.

How much did Trucept's (OTC: TREP) gross profit increase in Q3 2024?

Trucept's gross profit increased by 34% to $1,006,660 in Q3 2024 compared to Q3 2023.

What was Trucept's (OTC: TREP) year-to-date revenue growth in 2024?

Trucept's year-to-date net revenues increased by 27% to $3,658,912 compared to 2023.