3PEA International Reports Second Quarter Financial Results

3PEA Reports Second Quarter 2015 Financial Results
Q2 2015 Revenue Up 87% to $2.3M; Drives Net Income of $0.5M and Diluted EPS of $0.01

HENDERSON, Nev.­­(BUSINESS WIRE)­­ 3PEA International, Inc. (“3PEA” or the “Company) (OTCQB:TPNL), a vertically integrated provider of innovative prepaid card programs and processing services for corporate, consumer and government applications, reported financial results for the second quarter ended June 30, 2015.
Q2 2015 Highlights
Revenues increased 87% to $2.3 million compared to $1.2 million in the same year­ago quarter.

Gross profit increased to $1.3 million, or 57.6% of total revenue, compared to $0.5 million, or 43.0% of total revenue in the same year­ago quarter.

Net income increased to $0.5 million, or $0.01 per diluted share, compared to a net loss of $(0.1) million, or $(0.00) per diluted share in the same year­ago quarter.

Increased presence in the plasma donation payments space by adding four new centers in the quarter. Currently, the Company provides payment services to 88 plasma donation centers. 3PEA expects revenues from these centers to increase as they mature.

To read the entire news release, please download this PDF.