Trxade Group (OTCQB: TRXD), an integrated pharma supply chain and care platform, today announced its financial results for its third quarter ended September 30, 2019, and provided a business update. Among the highlights, the company reported the following results for quarter ending September 30, 2019 as compared to quarter ending September 30, 2018: record revenue growth of 173% to $2.311 million; operating income growth of 94% to $177,853; seventh straight quarter of positive operating income; and shareholder equity increase to $3.89 million. “During the third quarter of 2019, we made excellent progress in our core proprietary B2B trading platform www.Trxade.com, which enables independent pharmacies to purchase drugs at discount prices compared to their primaries, enabling us to experience top and bottom line growth,” Trxade Group chairman and CEO Suren Ajjarapu said in the news release. “Additionally, we are investing in core infrastructure for our B-to-C business in our wholesale, e-commerce and delivery capabilities as increasing pharmaceutical prices drive independent pharmacies, payors and consumers to be more aggressive in sourcing medication. Accordingly, I am optimistic that our new product lines will generate profitability.”
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About Trxade Group, Inc.
Headquartered in Tampa, Florida, Trxade Group, Inc. (OTCQB:TRXD) is an integrated drug procurement, delivery and healthcare platform that enables trade among healthcare buyers and sellers of pharmaceuticals, accessories and services. Founded in 2010, Trxade Group is comprised of three synergistic operating platforms; the Trxade B2B trading platform with 11,000 registered pharmacists buying over $120M annually, licensed Wholesale and Mail Order Pharmacy capabilities, including DelivMeds, as well as the newly-acquired assets of Bonum Health. For additional information, please visit www.Trxade.com, www.DelivMeds.com and www.BonumHealth.com.
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