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Trucept revenue up 15%

March 31, 2016

Trucept Inc. (OTC Pink: TREP), a professional employer organization that also provides healthcare staffing, reported revenue rose 15.3% year over year in 2015 to $8.27 million, attributable to adding new clients.

Net income rose to $603,051 from a loss of $1.22 million in 2015.

CEO Brian Bonar said he is pleased with the company’s performance and anticipates continued growth in 2016.

“We anticipate maintaining steady sales growth, selling more profitable products and offerings,” Bonar said.

The company also intends to pursue continued growth in PEO and staffing business lines.

“We intend to increase profitability by offering various insurance and other products and services to our co-employer and staffed clients, and we will continue to look for opportunities to grow organically where feasible as well as evaluate potential acquisition opportunities that may present themselves in the next 12 months,” Bonar said.

Trucept also operates the Solvis brand of staffing in Michigan and California.