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Trucept, Inc. (DBA Afinida) Reports Substantial Increase in Revenue and Gross Profit for the First Quarter of 2024

Trucept, Inc. (DBA Afinida) Reports Substantial Increase in Revenue and Gross Profit for the First Quarter of 2024

PUBLISHED: May 15, 2024
BY: Investors | Press Releases
Officials Reviewing Paperwork
Officials Reviewing Paperwork

May 15, 2024 | Investors, Press Releases

ESCONDIDO, Calif., May 15, 2024 /PRNewswire/ — Trucept, Inc. (OTC Pink: TREP) DBA Afinida, is pleased to announce significant achievements in its financial performance for the First Quarter of 2024 Highlights include:

  • A 21% increase in Net Revenue totaling $4,952,143 for Q1, versus $4,092,027 for the same period last year.
  • Recorded an impressive 31% increase in gross profits for the quarter. Q1 gross profit totaled $3,411,530 versus $2,607,352 for the same period last year.
  • Current ratio improved to 1.07 for Q1, versus 1.0 for the last quarter.

“We are thrilled to report that Afinida has achieved impressive financial results in the first quarter,” said Norman Tipton, CEO Afinida. “Our team’s hard work and dedication have been instrumental in surpassing our targets, and this success sets a positive tone for the remainder of the year. We remain committed to leveraging our strengths in innovative business solutions to continue our growth trajectory. We attribute this success to strategic investments in technology and a strong focus on client-centric services, which have significantly enhanced operational efficiencies and customer satisfaction. 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:

Go to the Reports Section for the full report.

About Trucept Inc.
Trucept Inc. 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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About Afinida Inc.

Afinida, Inc. (OTC ID: TREP), helps organizations focus on growth. With a dedicated suite of powerful tools and services designed to keep owners in charge of running their businesses, Afinida manages the necessary administrative needs of its clients while streamlining operational processes and delivering a host of high-touch business solutions.

The company offers expert services in the form of payroll, human resources and people management, accounting support, safety and risk management, marketing, and business insurance services.

For more information, please visit www.afinida.com and follow us on LinkedIn, and Facebook.

Disclaimer

Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.

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