Trxade Group (OTCQB: TRXD), an integrated pharmaceutical services company, today reported financial results for its first quarter, ended March 31, 2019, and provided a business update and positive 2019 outlook. Among the highlights, the company reported record revenues of $1.512 million for the three months ended March 31, 2019, an increase from $852,923 in the same quarter in 2018. “Our proprietary software trading platform at www.Trxade.com, which enables independent pharmacies to purchase drugs is adding new members on a monthly basis and, as a result, enabling us to experience strong top and bottom line growth across the board,” Trxade Chairman and CEO Suren Ajjarapu said in the news release. “Our 2019 fiscal year is off to a record start and in-line with our primary objective of expanding our membership base while simultaneously focusing on increasing their utilization rates. At the end of the first quarter, we reported record platform subscribers, record transactional revenue – along with net and operating profits in the first quarter of 2019.”
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About Trxade Group, Inc.
Headquartered in Tampa, Florida, Trxade Group, Inc. is an integrated pharmaceutical logistical services company that combines a web-based purchasing platform for transactions between independent pharmacists and drug manufacturers, E-Hub with a mail order pharmacy, warehouse and drug delivery services for consumers nationwide, with over 8,000 registered independent pharmacies, is a web-based market platform that enables the pharmacies to quickly source and purchase pharmaceuticals, accessories and services from a wide range of manufacturers and drug distributors. For more information, visit the company’s website at www.TrxadeGroup.com.
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