Quad M Solutions, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2022
May 23, 2022 at 09:31 am EDT
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Quad M Solutions, Inc. reported earnings results for the second quarter ended March 31, 2022. For the second quarter, the company reported sales was USD 17.66 million compared to USD 9.08 million a year ago. Net income was USD 3.35 million compared to net loss of USD 0.70026 million a year ago. Basic earnings per share from continuing operations was USD 0.03.
Quad M Solutions, Inc. is a holding company. The Company operates its business through its two operating subsidiaries, including NuAxess 2, Inc. (NuAxess) and OpenAxess, Inc. (OpenAxess). NuAxess is engaged in providing a spectrum of consulting and staffing business services related to employee benefits, insurance, and financial services. It offers its programs through platforms that include technology and sponsoring affordable medical health insurance plans and other employee benefit products and services. OpenAxess is a staffing business that developed its competitive partially self-insured medical plans to offer employees for their comprehensive medical insurance benefits replacing fully insured medical plans. The NuAxess Smart Healthcare Plan, which is its self-insured health plan includes wellness and prevention programs and employee health saving accounts, among other features. Its primary markets are small and mid-size group employees, sometimes referred to as the gig economy.
QUAD M SOLUTIONS, INC. 