Trucept Reports Significant Increase in Q3 Revenue

Rhea-AI Summary

Trucept Inc. (OTC Pink: TREP) reported a strong Q3 2021, achieving a 41% increase in total operating revenue compared to the previous year. This marks another consecutive quarter of profitability. CEO Norman Tipton acknowledged the growth across Trucept's core business and subsidiaries despite challenges posed by COVID-19. The company is also progressing on financial audits, previously delayed due to pandemic restrictions. Trucept offers various professional services, including marketing and human resources, aimed at supporting business growth.

Positive

• 41% increase in total operating revenue year-over-year.
• Another consecutive quarter of profitability.
• Core business and all subsidiaries have experienced growth.

Negative

• None.

SAN DIEGO--(BUSINESS WIRE)-- Trucept Inc. (OTC Pink: TREP) today has released its updated financials for Q3 2021. The Company posted another consecutive quarter of profitability, driven by a significant increase in total revenue for Q3 compared to the same time period last year. For the quarter ending on September 30, 2021, Trucept posted an impressive 41% increase in total operating revenue over the same period the prior year.

Trucept CEO Norman Tipton commented: "We are very pleased with Trucept's results. Year-over-year, amid unprecedented conditions, Trucept's core business and all subsidiaries have grown. In addition, we are making sustained progress on financial audits, which were delayed somewhat due to COVID and workplace restrictions. Trucept would like to express appreciation to its investors and supporters as we approach year-end on a high note."

Trucept offers professional services that help businesses navigate growth. The Company’s professional services now encompass:

• Marketing, technology, and Accessibility Act compliance services
• Insurance offerings and third-party administrator (TPA) services
• Payroll
• Human resources and management
• Employee benefits administration
• Accounting support
• Safety and risk management

For additional information, visit www.truceptservices.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://truceptservices.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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211117006141/en/

Norman Tipton

858-798-1620

info@truceptservices.com

Source: Trucept Inc.

FAQ

What was Trucept Inc.'s revenue growth in Q3 2021?

Trucept Inc. reported a 41% increase in total operating revenue for Q3 2021 compared to the same period last year.

Has Trucept Inc. been profitable recently?

Yes, Trucept Inc. has achieved consecutive quarters of profitability.

What services does Trucept Inc. provide?

Trucept Inc. offers services including marketing, technology compliance, payroll, human resources, and more.

Who is the CEO of Trucept Inc.?

The CEO of Trucept Inc. is Norman Tipton.

What challenges has Trucept faced recently?

Trucept faced delays in financial audits due to COVID-19 and workplace restrictions.