Quad M Solutions Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2019
August 19, 2019 at 04:18 pm EDT
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Quad M Solutions Inc. Announced earnings results for the third quarter ended June 30, 2019. For the third quarter, the company announced operating loss was USD 446,777 compared to USD 70,701 a year ago. Net loss was USD 1.563 million compared to USD 71,981 a year ago. Basic loss per share was USD 0.02 compared to USD 0.00 a year ago.
For the nine months, operating loss was USD 1.106 million compared to USD 298,999 a year ago. Net loss was USD 2.284 million compared to USD 302,847 a year ago. Basic loss per share was USD 0.03 compared to USD 0.01 a year ago.
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. 
