Business
Afinida Reports Increase of Nearly $3.3 Million in Net Revenues for 2024
Upon filing its annual financial statement for 2024, Afinida (OTC Pink: TREP, "the Company"), reported total net revenues of approximately $23 million—an increase of nearly $3.3 million from the previous year.
About this update from Afinida, Inc.
[{"type":"text","content":"Company sees a 17% revenue increase from strategic investments in new operating subsidiaries","length":92,"tagName":"p","attribs":{}},{"type":"text","content":"SAN DIEGO, Calif., March 31, 2025 /PRNewswire/ -- Upon filing its annual financial statement for 2024, Afinida (OTC Pink: TREP, "the Company"), reported total net revenues of approximately $23 million—an increase of nearly $3.3 million from the previous year.","length":274,"tagName":"p"},{"type":"image","alt":"Afinida Corporate Logo (PRNewsfoto/Afinida)","displaySize":"","headline":null,"caption":"Afinida Corporate Logo (PRNewsfoto/Afinida)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":123,"url":"https://media.zenfs.com/en/prnewswire.com/6bbff0549c2d9f001f82a66d30f4be6f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2mtGmnEMmZ9JoNThq1Fsrw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIxNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6bbff0549c2d9f001f82a66d30f4be6f","width":400,"height":123}},"href":"https://mma.prnewswire.com/media/2410174/Afinida_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The 17% revenue gain is a direct result from strategic investments made in the Company's new operating subsidiaries: marketing, human resources (HR), risk, and accounting, and it marks a period of rapid growth as Afinida continues to expand its suite of business offerings for clients.","length":289,"tagName":"p"},{"type":"text","content":""These recent numbers are very encouraging," said Afinida CEO, Norman Tipton. "We're proud of our accomplishments and we look forward to growing each of our unique subsidiaries and carrying that momentum further into 2025."","length":247,"tagName":"p"},{"type":"text","content":"The financial statement revealed other key findings, including a year-over-year gross profit increase of more than $1 million or 8%, which was achieved through the efficient operations of the new subsidiaries.","length":209,"tagName":"p"},{"type":"text","content":"Additionally, in 2024, Afinida dramatically increased its focus on accounts receivable collections while strengthening cash flow sustainability. Timely cash collections have allowed the Company to greatly reduce its outstanding payable balances, and those efforts have resulted in accounts payable reduc...