#USA #San Diego #revenue growth #Afinida #Trucept

Afinida Reports Substantial Revenue Growth in 2024

In a recent announcement, Afinida (OTC Pink: TREP) reported a remarkable financial performance for the year 2024, revealing total net revenues of around $23 million. This marks a notable increase of nearly $3.3 million from the previous year, representing a 17% growth attributed to strategic investments in new operational subsidiaries.

Growth Strategies and Financial Gains

The increase in revenue is a direct result of Afinida's focused efforts in several key areas, including marketing, human resources, risk management, and accounting. CEO Norman Tipton expressed his satisfaction with the company's performance, highlighting the encouraging numbers and the ongoing commitment to expanding their unique subsidiaries. "These recent numbers are very encouraging. We're proud of our accomplishments, and we look forward to growing each of our unique subsidiaries while carrying that momentum further into 2025," Tipton stated.

Furthermore, the financial statement indicates other significant achievements. The gross profit surged by over $1 million, showcasing an 8% year-over-year increase, mainly driven by efficient operations in the newly established subsidiaries. Afinida's strategic focus on managing accounts receivable collections has enhanced cash flow sustainability, resulting in a substantial reduction in outstanding payable balances by approximately $800,000, a 70% decrease.

Key Metrics from 2024

• - Net Revenue Increase: $3,289,471 (17%)
• - Gross Profit Increase: $1,081,366 (8%)
• - Accounts Payable Reduction: $767,325 (70%)

This upward trend reflects Afinida's ability to innovate and adapt in an evolving business landscape, ensuring they meet client demands while driving sustainable growth. The company’s ongoing efforts reflect a dedication not only to improving financial standing but to enhancing client satisfaction through effective service provision.

About Afinida

As a part of Trucept Inc., Afinida focuses solely on providing comprehensive business solutions designed to empower organizations to achieve growth. The company specializes in essential services ranging from payroll and human resource management to employee benefits and accounting support. Through these offerings, Afinida supports its clients in navigating their administrative needs efficiently, enabling them to concentrate on core business operations.

For more information about Afinida's services and financial updates, visit www.afinida.com and follow them on LinkedIn, Facebook, and Twitter.

Conclusion

With a clear vision for the future and a strong foundation for further development, Afinida is poised to continue its trajectory of success in 2025 and beyond. Their commitment to excellence and adaptability in service provision underscores the company’s mission to deliver lasting value to shareholders and clients alike.