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Trucept Inc (OTCMKTS:TREP) Stock In Focus After Q1 Earnings Update

Ian Leigh , , , ,

Dedicated to helping organizations focus on growing their business, Trucept Inc (OTCMKTS:TREP) on May 15, 2023, released its quarter one financials posting a 381% spike in Operating income and a 94% increase in Net Income vis-à-vis the previous year. The firm confirmed that total Operating Expenses were down by 5% while its total revenue declined by 8.7% for the quarter. This was due to cyclical variations in the existing customer base.

Trading Data

On Monday, TREP stock slid 8.64% to $0.0370 with more than 310.70K shares, compared to volume of 49.16K shares. The stock moved within a range of $0.0360 – 0.0394 after opening trade at $0.0390.

CEO Norman Tipton said that the team’s determination and hard work paid off and the company is focused on sustainable growth. Tipton added that the firm is focused on delivering exceptional results for clients, shareholders, and employees. The CEO added that the lower operating expenses, as well as higher net income,show the firm’s ability to innovate, adapt and thrive in a dynamic business environment. He also added that the company’s core business and subsidiaries are growing despite the various challenges.

Trucept’s professional services now include Data-Driven Marketing, Technology, and Accessibility Act compliance Services, Full-Service Payroll as well as Insurance Offerings, and Third-party Administrator services. The firm also does Human Resources and Management, Accounting Support, Safety and Risk Management,and also Employee Benefits Administration.

With a suite of robust services and tools, Trucept tackles several vital administrative needs and gives a host of value-added advantages.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.