Afinida Reports Increase of Nearly $3.3 Million in Net Revenues for 2024
Afinida (OTC Pink: TREP) reported strong financial results for 2024, with total net revenues reaching $23 million, marking a significant 17% increase ($3.3 million) from the previous year. The growth is attributed to strategic investments in new operating subsidiaries across marketing, human resources, risk, and accounting sectors.
The company achieved notable financial milestones, including a gross profit increase of $1 million (8%) through efficient subsidiary operations. Afinida's enhanced focus on accounts receivable collections led to improved cash flow sustainability, resulting in a substantial 70% reduction in accounts payable balances, equivalent to nearly $800,000.
Afinida (OTC Pink: TREP) ha riportato risultati finanziari solidi per il 2024, con ricavi netti totali che hanno raggiunto 23 milioni di dollari, segnando un significativo aumento del 17% (3,3 milioni di dollari) rispetto all'anno precedente. La crescita è attribuita a investimenti strategici in nuove filiali operative nei settori del marketing, delle risorse umane, del rischio e della contabilità.
L'azienda ha raggiunto importanti traguardi finanziari, incluso un aumento del profitto lordo di 1 milione di dollari (8%) grazie a operazioni efficienti delle filiali. Il maggiore focus di Afinida sulla raccolta dei crediti ha portato a una sostenibilità migliorata del flusso di cassa, risultando in una sostanziale riduzione del 70% dei saldi dei debiti, equivalente a quasi 800.000 dollari.
Afinida (OTC Pink: TREP) reportó resultados financieros sólidos para 2024, con ingresos netos totales que alcanzaron 23 millones de dólares, marcando un aumento significativo del 17% (3,3 millones de dólares) en comparación con el año anterior. El crecimiento se atribuye a inversiones estratégicas en nuevas filiales operativas en los sectores de marketing, recursos humanos, riesgo y contabilidad.
La empresa logró hitos financieros notables, incluyendo un aumento de la ganancia bruta de 1 millón de dólares (8%) a través de operaciones eficientes de las filiales. El enfoque mejorado de Afinida en la cobranza de cuentas por cobrar condujo a una sostenibilidad mejorada del flujo de caja, resultando en una reducción sustancial del 70% en los saldos de cuentas por pagar, equivalente a casi 800.000 dólares.
아피니다 (OTC Pink: TREP)는 2024년 강력한 재무 결과를 보고했으며, 총 순수익이 2300만 달러에 달해 전년 대비 17% 증가 (330만 달러)를 기록했습니다. 이 성장은 마케팅, 인사, 리스크 및 회계 부문에 대한 새로운 운영 자회사를 위한 전략적 투자에 기인합니다.
회사는 100만 달러(8%)의 총 이익 증가를 포함한 주목할 만한 재무 이정표를 달성했으며, 이는 효율적인 자회사 운영을 통해 이루어졌습니다. 아피니다의 채권 회수에 대한 집중 강화는 현금 흐름의 지속 가능성을 개선하여 70%의 Accounts Payable 잔액 감소를 가져왔으며, 이는 거의 80만 달러에 해당합니다.
Afinida (OTC Pink: TREP) a annoncé de solides résultats financiers pour 2024, avec des revenus nets totaux atteignant 23 millions de dollars, marquant une augmentation significative de 17% (3,3 millions de dollars) par rapport à l'année précédente. Cette croissance est attribuée à des investissements stratégiques dans de nouvelles filiales opérationnelles dans les secteurs du marketing, des ressources humaines, des risques et de la comptabilité.
L'entreprise a atteint des jalons financiers notables, notamment une augmentation du bénéfice brut de 1 million de dollars (8%) grâce à des opérations efficaces des filiales. Le focus renforcé d'Afinida sur la collecte des créances a conduit à une durabilité améliorée des flux de trésorerie, entraînant une réduction substantielle de 70% des soldes des comptes fournisseurs, équivalant à près de 800 000 dollars.
Afinida (OTC Pink: TREP) berichtete über starke finanzielle Ergebnisse für 2024, mit einem Gesamtumsatz von 23 Millionen Dollar, was einen signifikanten 17% Anstieg (3,3 Millionen Dollar) im Vergleich zum Vorjahr bedeutet. Das Wachstum wird auf strategische Investitionen in neue Betriebsgesellschaften in den Bereichen Marketing, Personalwesen, Risiko und Buchhaltung zurückgeführt.
Das Unternehmen erreichte bemerkenswerte finanzielle Meilensteine, darunter einen Anstieg des Bruttogewinns um 1 Million Dollar (8%) durch effiziente Tochtergesellschaften. Afindias verstärkter Fokus auf das Inkasso von Forderungen führte zu einer verbesserten Nachhaltigkeit des Cashflows, was zu einer erheblichen Reduzierung von 70% der Verbindlichkeiten führte, was fast 800.000 Dollar entspricht.
- Net revenue increased by $3.3 million (17%) to $23 million
- Gross profit grew by $1 million (8%)
- Accounts payable reduced by $800,000 (70%)
- Improved cash flow sustainability through enhanced collections
- Gross profit growth (8%) lagged behind revenue growth (17%), indicating potential margin pressure
Company sees a
The
"These recent numbers are very encouraging," said Afinida CEO, Norman Tipton. "We're proud of our accomplishments and we look forward to growing each of our unique subsidiaries and carrying that momentum further into 2025."
The financial statement revealed other key findings, including a year-over-year gross profit increase of more than
Additionally, in 2024, Afinida dramatically increased its focus on accounts receivable collections while strengthening cash flow sustainability. Timely cash collections have allowed the Company to greatly reduce its outstanding payable balances, and those efforts have resulted in accounts payable reductions of almost
2024 vs. 2023 by the numbers:
$3,289,471 17% )$1,081,366 8% )$767,325 70% )
Read the full report and explore additional company financial updates here.
Trucept, Inc. (DBA Afinida), continues to innovate and adapt to meet the evolving business needs of its clients while driving sustainable growth and delivering shareholder value.
About Afinida
True solutions, today and tomorrow: Afinida Inc., a Trucept company (OTC Pink: 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, employee benefits, accounting support, safety and risk management, marketing, and business insurance services.
For more information, please visit www.afinida.com and follow us on LinkedIn, Facebook, and Twitter.
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
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SOURCE Trucept Inc.
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