2024 Financial Report: Afinida Sees Nearly $3.3 Million Net Revenue Increase

2024 Financial Report: Afinida Sees Nearly $3.3 Million Net Revenue Increase

PUBLISHED: March 31, 2025

Mar 31, 2025 | Investors, Press Releases

Norman Tipton

“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%)

Read the full press release and learn more. Click the button below.

READ THE FULL PRESS RELEASE

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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