Trxade Group Inc. (NASDAQ: MEDS) Reports Revenue Growth Amid Buildup to Multi-Platform Telehealth Integration

April 8, 2020 12:28:32
  • Trxade Group Inc. is an expanding healthcare tech platform builder that aims to assist small, community-based pharmaceutical businesses and the patients who comprise their customers through drug pricing and delivery operations as well as telemedicine consultations
  • Trxade Group recently announced its year-end financial statement for 2019, noting revenues had grown nearly double over the previous year, from $3.83 million to $7.43 million
  • The company is celebrating a decade in operation with four platforms that are integrated synergistically to serve the needs of rural and neighborhood-centric health businesses on a subscription basis
  • Trxade’s telehealth services enable patients to access licensed medical professionals from virtually anywhere via personal technology for minor health needs, ensuring them that during a time of pandemic they won’t need to risk unnecessary exposure to the COVID-19 virus at facilities treating other patients
  • Trxade recently announced its uplisting to the Nasdaq Capital Market and rang the exchange’s opening bell as part of its efforts to continue building its financial resources

Before the pandemic sweep of the novel coronavirus (or COVID-19) began causing alarm among health policy advisers and care providers, leading to restrictions on movement for the general population, forward-thinking health services provider Trxade Group Inc. (NASDAQ: MEDS) was building a synergistic set of operational platforms to help expand the reach of care providers to underserved communities via online “telemedicine” technology and medicinal delivery services that now seem prescient in their nature.

Amid Trxade Group’s efforts to expand its platforms, the company saw continued revenue growth that culminated in its recent uplisting to the Nasdaq Capital Market and an announcement that it expected gross proceeds of $5.2 million from a…

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