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TRUCEPT INC, also known as Afinida, is a leader in business solutions, offering a suite of professional services to help businesses navigate growth. With the recent establishment of six new wholly owned subsidiaries, TRUCEPT INC continues to expand its portfolio, providing comprehensive solutions in marketing, risk management, payroll, accounting, insurance, and HR services. Led by industry veterans, these subsidiaries aim to deliver targeted and expert solutions to enhance brand visibility, mitigate business risks, streamline payroll processes, provide top-tier accounting services, address insurance needs, and manage human resources effectively. By focusing on excellence and specialization, TRUCEPT INC underscores its commitment to customer relationships and operational efficiency.
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.
Trucept Inc. (OTC Pink: TREP), doing business as Afinida, has promoted Brendan McMenamy to Chief Financial Officer following his successful completion of CPA exams. McMenamy, who has been with the company for five years, has demonstrated strong financial leadership and expertise. The company, which provides comprehensive business solutions including accounting, HR, insurance, marketing, payroll, and risk management services, expects McMenamy's strategic insights to continue driving growth and operational support for clients.
Trucept, Inc. (OTC Pink: TREP), operating as Afinida, has announced the release of its audited financials for 2022. CEO Norman Tipton stated that the company expects to publish its 2023 financials soon. Trucept offers a comprehensive portfolio of professional services, including:
- Afinida Accounting – Financial Accounting Services
- Afinida Insurance - Insurance Offerings and TPA services
- Afinida HR - Human Resources and Management
- Afinida Payroll - Full-Service Payroll
- Afinida Marketing – Full-Service Marketing Agency
- Afinida Risk Management - Safety and Risk Management
The company aims to help businesses focus on their core operations while handling peripheral business processes.
Trucept, Inc. (OTC Pink: TREP), operating as Afinida, has reported significant financial growth for the second quarter of 2024. The company achieved a 25% increase in gross profit, amounting to $867,657 quarter-over-quarter. Additionally, Trucept recorded a 24% increase in income from operations and a 10% rise in net and comprehensive income compared to the previous quarter.
CEO Norman Tipton attributed these strong results to the company's strategic initiatives and focus on operational excellence. Trucept's portfolio of professional services includes Afinida Marketing, Insurance, Payroll, HR, Accounting, and Risk Management, demonstrating its commitment to meeting diverse client needs and driving sustainable growth.
Trucept (DBA Afinida) reported a notable financial performance for Q1 2024, with significant increases in both revenue and gross profit. Net revenue rose by 21%, reaching $4,952,143 compared to $4,092,027 in Q1 2023. Gross profit saw a 31% increase, totaling $3,411,530 versus $2,607,352 the previous year.
The company's current ratio also improved to 1.07 from 1.0. CEO Norman Tipton attributes this success to strategic investments in technology and a focus on client-centric services, enhancing operational efficiencies and customer satisfaction. Afinida's service portfolio includes marketing, insurance, payroll, HR, accounting, and risk management solutions.
This robust financial performance underscores Afinida's commitment to sustainable growth and delivering shareholder value.
Afinida has promoted Rachel Henton to Vice President of Human Resources, recognizing her two decades of HR experience spanning various industries. Rachel will lead HR client relations and support functions to support Afinida's growth plans. The company focuses on integrating and managing business services to drive efficiency and growth.
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