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://nnw.fm/xm15V). . . . 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.”
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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.
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