
“These recent numbers are very encouraging. “We’re proud of our accomplishments and we look forward to growing each of our unique subsidiaries and carrying that momentum further into 2025.”
— Norman Tipton, Chief Executive Officer
Afinida recently filed their 2024 financial statement and the results revealed steady progress and a net revenue increase of nearly $3.3 million, totaling approximately $23 million.
The 17% revenue gain is a direct result from strategic investments made in the Company’s subsidiaries: marketing, human resources (HR), risk, and accounting, while marking a period of rapid growth as Afinida continues to expand its suite of business offerings for clients.
Additional good news includes a year-over-year gross profit increase of more than $1 million, which was achieved through the efficient operations of the new subsidiaries, and a massive reduction in outstanding payable balances of almost $800,000.
See the improved numbers from 2024 compared with 2023:
- $3,289,471 net revenue increase (17%)
- $1,081,366 gross profit increase (8%)
- $767,325 accounts payable balance reduction (70%)
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