- Pharmaceutical services business Trxade Group recently reported its third quarter financials, showing a new record for revenues amid continued growth in the company’s business-to-consumer operation and services to independent pharmacies
- The company’s revenue growth amounted to a 173 percent year-over-year increase for the quarter
- Trxade Group’s quarterly report also showcased growing gross profits (with a decreasing gross margin), shareholder equity and operating income
- The company offers a web-based platform that maintains market intelligence on over 20,000 medications and provides pricing and supply alerts to members to help them secure the best possible prices
- Subscription in Trxade Group’s platform continued to grow during the quarter, adding 431 independent pharmacies, which amounts to a nine percent increase over the prior quarter and a 54 percent increase over the prior year
Third quarter financial results reported recently show Trxade Group Inc. (OTCQB: TRXD) is continuing to maintain a profitable integrated pharmacy services operation while working to redefine the health care industry for the betterment of small independent pharmacists nationwide.
Trxade Group’s acquisition of Community Specialty Pharmacy, LLC last year continues to drive the company’s revenue benchmarks, delivering sales that lifted the company to record revenues of $2.3 million for the quarter and nine-month year-to-date revenues of $5.7 million, which amount to increases of 173 percent and…
NOTE TO INVESTORS: The latest news and updates relating to TRXD are available in the company’s newsroom at http://nnw.fm/TRXD
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