Trxade Group, Inc. (NASDAQ: MEDS) Continues to Report Revenue Successes Despite Pandemic’s Economic Ravages

August 7, 2020 09:42:40
  • Trxade Group provides a digitalized supply stream for pharmaceutical and health care services as part of its founding focus on empowering small, independent pharmacies that historically have struggled to compete against large corporate chains
  • The company reported second quarter results July 27 that showed its revenues had grown 244 percent to a record $6.6 million in year-over-year quarterly results, triple the amount garnered during the first quarter of the year
  • The global COVID-19 pandemic caught world markets by surprise during the spring, but Trxade’s emphasis on telemedicine and other online-accessible services positioned it as a visionary company well able to weather the health emergency
  • The company has more than 50 percent penetration of its community pharmacy market nationwide and foresees further growth not only in member participation, but in fee revenue from sales-per-pharmacy metrics

The second quarter financial report of emerging pharmaceutical supplies and services provider Trxade Group (NASDAQ: MEDS) is a modern-moment testament to the hardiness of American entrepreneurial solutions under the most difficult of situations. While large segments of the population have faced easily understandable worries about the economic impacts of governmental and corporate policies responding to the potentially deadly and disabling coronavirus pandemic, many small businesses have found ways to not only survive, but to thrive.

“Revenues for the second quarter of 2020 increased 244% to a record $6.6 million, compared to revenue of $1.9 million in the same quarter last year. Sequentially, this represents an increase of 199% when compared to revenues of $2.2 million in the first quarter of 2020,” Trxade CFO Howard Doss told investors during the…

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NOTE TO INVESTORS: The latest news and updates relating to MEDS are available in the company’s newsroom at

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