Trxade Group Inc. (TRXD) Reports Ongoing Revenue Records in Second Quarter Financial Filing

July 31, 2019 12:31:25
  • Trxade Group reported record revenues of over $1.9 million in its second quarter filing, as well as increased operating income and net income obtained through its acquisition of independent pharmacy services
  • Trxade Group is a pharmaceutical services network dedicated to helping independent pharmacies remain competitive through its web-based purchasing platform, data analytics and delivery services
  • Trxade also reported a year-over-year increase in operating income, from $31,446 to $132,705, and net income, from $20,513 to $57,981
  • Gross profits rose to more than $1.1 million, with a gross margin of 60.7 percent offset by increased cost of sales from one of the company’s acquisitions

Florida-based Trxade Group Inc. (OTCQB: TRXD), a pharmaceutical services network that brings the buyers and sellers of pharmaceutical products and services together in its own community of trust, technology and transparency, reported ongoing record revenue growth as well as an increase in gross profits and independent pharmacy subscribers as part of its second-quarter financial statement.

Trxade reported that its revenues for the three months ended June 30 were over $1.9 million, marking an increase of 129 percent over the year-ago quarter’s $837,688. It also marked a 27 percent sequential increase over…

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