Trxade Group (OTCQB: TRXD), an integrated pharmaceutical
services company, today reported financial results for its first quarter, ended
March 31, 2019, and provided a business update and positive 2019 outlook. Among
the highlights, the company reported record revenues of $1.512 million for the
three months ended March 31, 2019, an increase from $852,923 in the same
quarter in 2018. “Our proprietary software trading platform at www.Trxade.com, which enables
independent pharmacies to purchase drugs is adding new members on a monthly
basis and, as a result, enabling us to experience strong top and bottom line
growth across the board,” Trxade Chairman and CEO Suren Ajjarapu said in the
news release. “Our 2019 fiscal year is off to a record start and in-line with
our primary objective of expanding our membership base while simultaneously
focusing on increasing their utilization rates. At the end of the first
quarter, we reported record platform subscribers, record transactional revenue
– along with net and operating profits in the first quarter of 2019.”
To view the full press release, visit http://ibn.fm/owylg
About Trxade Group, Inc.
Headquartered in Tampa, Florida, Trxade Group, Inc. 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, with over 8,000 registered independent
pharmacies, is a web-based market platform that enables the pharmacies to
quickly 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
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
No comments:
Post a Comment