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View All NewsPEO Trucept reports revenue down 17% on loss of client
August 21, 2017
Trucept Inc. (OTCBB: TREP), a provider of PEO services, reported revenue fell 16.6% in the first six months of the year. The Irvine, Calif.-based firm reported the decrease was the result of the loss of a client.
| H1 2017 | H1 2016 | % change | |
| Revenue | $2,402,742 | $2,882,348 | -16.6% |
| Gross profit | $1,316,062 | $1,173,354 | 12.2% |
| Gross margin | 54.8% | 40.7% | |
| Net income | $324,464 | $1,617,311 | -79.9% |
Share price and market cap
Shares were 0.008 in morning trading, and the company had a market cap of $422,096, according to Yahoo.