Trucept Announces Outstanding Revenue Gains for Q3

Rhea-AI Summary

On November 21, 2022, Trucept Inc. (OTC Pink: TREP) announced its Q3 2022 financial results, marking another quarter of profitability. The company reported a 21.3% increase in revenue compared to Q3 2021. CEO Norman Tipton expressed satisfaction with the business units' performance and noted progress on financial audits for potential OTCQB uplisting. Trucept's services include data-driven marketing, payroll, human resources, and more, aimed at assisting businesses in growth.

Positive

• 21.3% increase in revenue compared to Q3 2021.
• Another consecutive quarter of profitability.
• Progress on financial audits for potential OTCQB uplisting.

Negative

• None.

SAN DIEGO, Nov. 21, 2022 /PRNewswire/ -- Trucept Inc. (OTC Pink: TREP) today has released its updated financials for Q3 2022. The company reported that the firm posted another consecutive quarter of profitability, driven by a significant increase in total revenue for Q3 as compared to the same period last year. For the quarter ending on September 30th, 2022, Trucept posted an impressive 21.3% increase in revenue versus the same period in the prior year.

CEO Norman Tipton commented: "We continue to be extremely pleased with the excellent results being posted by our business units. Our core business and subsidiaries continue to thrive, and we are making meaningful progress on financial audits which will allow the company to up list on the OTCQB".

Trucept, offers professional services that help businesses navigate growth. The company's professional services now encompass the following:

• Data Driven Marketing, Technology, and Accessibility Act compliance Services
• Insurance Offerings and Third-party Administrator (TPA) services
• Full-Service Payroll
• Human Resources and Management
• Employee Benefits Administration
• Accounting Support
• Safety and Risk Management

For additional information, visit https://trucept.com/.

About Trucept Inc.

True solutions, today and tomorrow: Trucept Inc. helps organizations focus on growing their business. With a dedicated suite of powerful tools and services designed to put business owners in charge of running their businesses and increasing efficiency, Trucept tackles a variety of important administrative needs and provides a host of value-added advantages. For more information, call 858-798-1620 or visit https://trucept.com/.

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 with regard to 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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SOURCE Trucept Inc.

FAQ

What were Trucept's Q3 2022 financial results?

Trucept reported a 21.3% increase in revenue for Q3 2022 compared to the same period last year.

What is the stock symbol for Trucept?

Trucept's stock symbol is TREP.

Who is the CEO of Trucept?

The CEO of Trucept is Norman Tipton.

When was Trucept's Q3 financial report released?

Trucept released its Q3 financial report on November 21, 2022.

What services does Trucept offer?

Trucept offers services including data-driven marketing, payroll, human resources, and employee benefits administration.