Integrated pharmaceutical services company Trxade Group (OTCQB: TRXD) recently reported continuous record revenue growth and a surge in both gross profits and independent pharmacy subscribers in its financial filing for the second quarter. An article discussing the company reads, “Trxade reported that its revenues for the three months ended June 30 were over $1.9 million, marking an increase of 129% over the year-ago quarter’s $837,688. It also marked a 27% sequential increase over the first quarter ended March 31, according to a news release issued July 29 (http://ibn.fm/1uFir). . . . Operating income rose during the quarter to $132,705, versus $31,446 a year ago. Net income increased to $57,981 from last year’s second quarter report of $20,513. The gains in revenue and income were primarily attributed to the acquisition of Community Specialty Pharmacy LLC and an increase of fee income generated by the company’s web-based supplier-to-pharmacy trading platform.”
To view the full article, visit http://ibn.fm/lwzks
About Trxade Group Inc.
Headquartered in Tampa, Florida, Trxade Group is an integrated, pharmaceutical-logistical services company that combines a web-based purchasing platform for transactions between independent pharmacists and drug manufacturers, E-Hub with a mail-order pharmacy, warehouse and drug-delivery services for consumers nationwide. The company has over 10,500 registered independent pharmacies on its web-based market platform that enables the pharmacies to quickly and cost effectively source and purchase pharmaceuticals, accessories and services from a wide range of manufacturers and drug distributors. For more information, visit the company’s website at www.TrxadeGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to TRXD are available in the company’s newsroom at http://ibn.fm/TRXD
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.qualitystocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php