Emerging Growth.com – Trucept, Inc. Earnings Out – 1.6 Million 30% Increase Forecasts $60 million in Revenue, Creates Uber-Like App for Staffing

MIAMI, FL / ACCESSWIRE / August 12, 2016 / EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Trucept Inc. (OTC Pink: TREP).

See the Report and other recent news on Trucept, Inc. at EmergingGrowth.com

http://emerginggrowth.com/?s=TREP

Trucept Inc. (OTC Pink: TREP) has filed its second quarter report for 2016. The Company earned a net profit of approximately $1.6 million for the six months ending June 30, 2016.

For the three-month period ending June 30 alone, the company earned a net profit of $920,526. This is a 30 percent increase in profitability over the previous quarter.

CEO Brian Bonar said he is delighted with the company’s performance which continues to meet and exceed internal plans and management also has reduced operating expenses by almost $1 million for the same period.

Trucept Inc.’s (OTC Pink: TREP) app is expected to deliver a similar experience to the Uber ride-sharing app, which will allow businesses to search for on-demand workers that are ready and able to work and close to their location. In other words, the app will be a whole new experience for connecting employees and employers.

Without even analyzing competitors, Trucept, Inc. (OTC Pink: TREP)’s first quarter net income of $697,000 is greater than its recent market cap of $628,277 just over a week ago. This is an obvious sign of a valuation disparity that shows Trucept, Inc. (OTC Pink: TREP) is believed to be undervalued.

Comparing Trucept, Inc. (OTC Pink: TREP)’s valuation relative to its five peers above, the valuation disparity only grows. Looking at the company’s closest competitor in market cap, Fortune Industries, Inc. (OTC Pink: FDVF), the company has a valuation of over $16 million and had full year 2015 revenue of $62.12 million. This shows that if management can hit their target of $60 million in revenue and $2 million net income for full year 2016, Trucept, Inc. (OTC Pink: TREP) could see its market cap vastly expand from currently levels.

See the Report and other recent news on Trucept, Inc. at EmergingGrowth.com

http://emerginggrowth.com/?s=TREP

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