MEDS

MEDS US Stock
$4.61
Open: $4.49 High: $4.845 Low: $4.41 Close: $4.62
Range: 2021-06-23 - 2021-06-24
Volume: 617,237
Market: Open
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MEDS
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  • Is Capitala Finance Corp (CPTA) A Good Stock To Buy?

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

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  • TRxADE HEALTH, INC. Announces Launch of MedCheks Health Passport App for iOS Devices

    New iOS App Allows Users to Securely Upload and Share Vaccination or COVID Test Results, Providing Peace-of-Mind for Businesses ReopeningTAMPA, FL / ACCESSWIRE / June 10, 2021 / TRxADE HEALTH, INC.(NASDAQ:MEDS), a health services IT company focused on digitizing the retail pharmacy experience by optimizing drug procurement, the prescription journey, and patient engagement in the U.

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  • Trxade Group to Buy Back $1M in Stock; Shares Jump

    The health services IT company Trxade Group (MEDS) announced a share repurchase program of up to $1 million. Shares rose 3.3% in Tuesday’s extended trading session after closing 1.1% higher on the day. Over an unspecified period, the company plans to buy back shares in the open market or through private negotiations, subject to market conditions. The share-repurchase program will be funded entirely by the company’s working capital. Trxade Group had approximately $5.2 million in cash as of March

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  • TRxADE HEALTH, INC. Announces Authorization of Stock Repurchase Program

    TAMPA, FL / ACCESSWIRE / June 1, 2021 / TRxADE HEALTH, INC. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.

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  • TRxADE HEALTH, INC to Present at LD Micro Invitational XI

    CEO Suren Ajjarapu to Present Wednesday, June 9th, 2021TAMPA, FL / ACCESSWIRE / May 28, 2021 /TRxADE HEALTH, INC. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.

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  • TRxADE Group, Inc. Announces Name Change to TRxADE HEALTH, INC.

    TAMPA, FL / ACCESSWIRE / May 28, 2021 / TRxADE Group, Inc. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.

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  • Trxade Group, Inc.'s (NASDAQ:MEDS) CEO Compensation Is Looking A Bit Stretched At The Moment

    CEO Suren Ajjarapu has done a decent job of delivering relatively good performance at Trxade Group, Inc. ( NASDAQ:MEDS...

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  • TRxADE Group Announces Strategic Telehealth Partnership with Brookshire Grocery Company

    TRxADE Telehealth Subsidiary Bonum Health to Provide Affordable Telemedicine Services to Patients at Leading Grocery Store ChainTAMPA, FL / ACCESSWIRE / May 6, 2021 / TRxADE Group, Inc. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.

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  • TRxADE Group Announces Milestone Group Purchasing Agreement with QualityCare Pharmacies

    TRxADE Group Launches GPO+, a Next-Generation Group Purchasing Option for Drug Buying GroupsTAMPA, FL / ACCESSWIRE / May 4, 2021 / TRxADE Group, Inc. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy industry experience by optimizing drug procurement, the prescription journey and patient engagement in the U.

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  • Trxade Group Announces Launch of Government-Oriented Heath Passport Solution to Enable Expedited Post-COVID-19 Reopening

    Health Passport Subsidiary Medcheks has Launched Next-Generation, Scalable Reopening Tools to Enable Expedited Post-COVID-19 Reopening to Align with Rapidly Evolving Global MandatesTAMPA, FL / ACCESSWIRE / April 28, 2021 / Trxade Group, Inc. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey, and patient engagement in the U.

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  • TRxADE Group Reports Record First Quarter 2021 Financial Results

    First Quarter Revenues Increased 39% to $3.1 Million TAMPA, FL, April 26, 2021 (GLOBE NEWSWIRE) -- Trxade Group, Inc. (NASDAQ: MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.S., today announced its financial results for the first quarter ended March 31, 2021. Selected Financial Highlights $ in millions Q12021 Q12020 % Increase (Decrease)Revenues $3.1 $2.2 39%Gross Profit $1.4 $1.6 (16%)Gross Profit Percentage 45% 74% (39%)Net Income (Loss) ($0.7) $0.2 (446%)Adjusted EBITDA1 ($0.5) $0.3 (244%) 1 Adjusted EBITDA is a non-GAAP financial measure and is described in relation to its most directly comparable GAAP measure under “Use of Non-GAAP Financial Information” below. First Quarter 2021 and Subsequent Operational Highlights Trxade continued to expand the Trxade drug procurement marketplace nationwide, adding 223 new registered members in Q1 2021, bringing the total registered members to approximately 12,100+.Signed enterprise retail partnerships to onboard new customers to our telehealth platform, with approximately 500+ stores offering our signature Bonum Health product to thousands of customers spanning all 50 states.Appointed technology entrepreneur and industry thought leader James Ram to lead the Company's newly launched MedCheks subsidiary in its efforts to bring a Digital Health Passport to market, allowing the holder to display vaccination and COVID-19 testing status. Management Commentary “We are pleased to have started 2021 achieving record first quarter growth, while concurrently making impressive operational progress spanning all business units,” said Suren Ajjarapu, Chairman and Chief Executive Officer, who further stated, “Our exciting suite of affiliated services – from our comprehensive telehealth solution, to digital health passports enabling a safe reopening with an attractive pay-per-scan business model – continue to broaden our reach as a company, empowering independent pharmacies with technology to make them indispensable local health hubs.” “We have been anything but idle in 2021 and have been pounding the pavement to broaden the reach of our Bonum Health Telehealth partnerships, signing strategic partnerships with brand-name stores nationwide, such as Kinney Drugs, ProAct, Brookshire Grocery Company, SpartanNash and most recently, Big Y Foods, as well as others which we’ve been unable to announce per the terms of our agreements, to build a truly national platform. Approximately 500+ stores offer Bonum Health services to thousands of users in all 50 states and we anticipate continued growth in the quarters to come as we ramp up our strategic partnerships and see an increasing number of employers turning to our turnkey telehealth solution. “Bonum Health is focused on bolstering its value proposition and building its brand identity as part of its mission to become a leading force in the telehealth marketplace. We continue to integrate exciting new solutions into the Bonum Health offering, including a direct-to-patient prescription drug coupon platform through our partnership with SingleCare, the capability to stream patient lab results directly into the Bonum Health virtual electronic medical records, and remote patient monitoring. These product enhancements, paired with our digital marketing strategy, which we are ramping up, provide us with accelerated access into new key markets alongside our enterprise retail partners.” “We believe we are incredibly well positioned as we stand today, poised to monetize several emerging revenue streams in addition to the steady progress made by our high-margin Trxade Exchange core platform. I look forward to aggressive operational execution in the months ahead as we seek to create sustainable, long-term value for our shareholders,” concluded Ajjarapu. First Quarter 2021 Financial Summary Revenues for the first quarter of 2021 increased 39% to $3.1 million, as compared to revenue of $2.2 million in the same quarter last year. The increase in revenue was primarily due to higher sales by our Integra Pharma Solutions subsidiary.Gross profit in the first quarter of 2021 totaled $1.4 million, or 45% of revenues, compared to gross profit of $1.6 million, or 74% of revenues, in the same quarter last year. The decrease in gross profit was primarily attributable to the cost of Personal Protective Equipment (PPE) related purchased products in the current period, while revenues from the Trxade Platform (which made up the majority of revenues last year) carry no cost of sales.Operating expenses in the first quarter of 2021 were $2.0 million, compared to $1.5 million in the same quarter last year. This change is primarily due to IT development, legal expenses and marketing expenses related to the recently launched Bonum Health and MedCheks platforms.Net loss in the first quarter of 2021 was $0.7 million, or $0.08 per basic and diluted share outstanding, compared to net income of $0.2 million, or $0.03 per basic share outstanding, in the same quarter last year.Adjusted EBITDA, a non-GAAP financial measure, decreased 243% to negative $0.5 million, compared to positive $0.4 million in the same quarter last year.Cash and cash equivalents were $5.2 million as of March 31, 2021, compared with $5.9 million as of December 31, 2020. Conference Call and Webcast Management will host a conference call on Monday, April 26, 2021 at 5:00 p.m. Eastern time to discuss Trxade Group’s first quarter 2021 financial results. The call will conclude with a Q&A from participants. To participate, please use the following information: Q1 2021 Conference Call and WebcastDate: Monday, April 26, 2021Time: 5:00 p.m. Eastern timeU.S. Dial-in: 1-877-425-9470International Dial-in: 1-201-0878Conference ID: 13718446Webcast: http://public.viavid.com/index.php?id=144243 Please dial in at least 10 minutes before the start of the call to ensure timely participation. A playback of the call will be available through May 26, 2021. To listen, call 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally and enter replay pin number 13718446. A webcast will also be available for 30 days on the IR section of the Trxade Group website or by clicking the webcast link above. About Trxade Group, Inc.Trxade Group (NASDAQ: MEDS) is a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.S. The Company operates the TRxADE drug procurement marketplace serving a total of 12,100+ members nationwide, fostering price transparency and under the Bonum Health brand, offering patient centric telehealth services. For more information on Trxade Group, please visit the Company’s IR website at investors.trxadegroup.com. Use of Non-GAAP Financial InformationThis earnings release discusses EBITDA and Adjusted EBITDA. These measurements are not recognized in accordance with generally accepted accounting principles (GAAP) and should not be viewed as an alternative to GAAP measures of performance. EBITDA represents net income before interest, taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation expense and gain (loss) in equity investment. EBITDA and Adjusted EBITDA are presented because we believe they provide additional useful information to investors due to the various noncash items during the period. EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: EBITDA and Adjusted EBITDA do not reflect cash expenditures, future requirements for capital expenditures, or contractual commitments; EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, working capital needs; and EBITDA and Adjusted EBITDA do not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on debt or cash income tax payments. Although depreciation and amortization are noncash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements. Additionally, other companies in our industry may calculate EBITDA and Adjusted EBITDA differently than Trxade Group, Inc. does, limiting its usefulness as a comparative measure. See also “Reconciliation of Net Income attributable to Trxade Group, Inc., to Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA”, below. Forward-Looking StatementsThis press release may contain forward-looking statements, including information about management’s view of Trxade’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Trxade, its divisions and concepts to be materially different than those expressed or implied in such statements. These risks include risks of our operations not being profitable; claims relating to alleged violations of intellectual property rights of others; technical problems with our websites; risks relating to implementing our acquisition strategies; our ability to manage our growth; negative effects on our operations associated with the opioid pain medication health crisis; regulatory and licensing requirement risks; risks related to changes in the U.S. healthcare environment; the status of our information systems, facilities and distribution networks; risks associated with the operations of our more established competitors; regulatory changes; healthcare fraud; COVID-19, governmental responses thereto, economic downturns and possible recessions caused thereby; changes in laws or regulations relating to our operations; privacy laws; system errors; dependence on current management; our growth strategy; and others that are included from time to time in filings made by Trxade with the Securities and Exchange Commission, including, but not limited to, in the “Risk Factors” sections in its Form 10-Ks and Form 10-Qs and in its Form 8-Ks, which it has filed, and files from time to time, with the U.S. Securities and Exchange Commission. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on Trxade’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. Trxade cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investor Relations:Lucas ZimmermanSenior Vice PresidentMZ Group - MZ North America(949) 259-4987MEDS@mzgroup.us www.mzgroup.us Trxade Group, Inc.Consolidated Balance SheetsMarch 31, 2021 and December 31, 2020(unaudited) March 31, 2021 December 31, 2020 Assets Current Assets Cash $5,209,280 $5,919,578 Accounts Receivable, net 1,936,850 805,043 Inventory 470,122 1,257,754 Prepaid Assets 457,738 151,248 Other Receivables 1,081,250 1,087,675 Total Current Assets 9,155,240 9,221,298 Property Plant and Equipment, Net 160,647 162,397 Other Assets Deposits 21,636 21,636 Right of use leased assets 355,693 387,371 Total Assets $9,693,216 $9,792,702 Liabilities and Stockholders’ Equity Current Liabilities Accounts Payable $366,471 $256,829 Accrued Liabilities 519,179 219,256 Current Portion Lease Liabilities 117,030 131,153 Customer Deposits 10,000 10,000 Notes Payables – Related Party 225,000 225,000 Total Current Liabilities 1,237,680 842,238 Long Term Liabilities Other Long-Term Liabilities — Leases 253,912 271,306 Total Liabilities 1,491,592 1,113,544 Stockholders’ Equity Series A Preferred Stock, $0.00001 par value; 10,000,000 shares authorized; none issued and outstanding as of March 31, 2021 and December 31, 2020, respectively - - Common Stock, $0.00001 par value; 100,000,000 shares authorized; 8,093,199 shares issued and outstanding as of March 31, 2021 and December 31, 2020 81 81 Additional Paid-in Capital 19,784,616 19,610,631 Accumulated Deficit (11,583,073) (10,931,554)Total Stockholders’ Equity 8,201,624 8,679,158 Total Liabilities and Stockholders’ Equity $9,693,216 $9,792,702 Trxade Group, Inc.Consolidated Statements of OperationsFor the Three Months Ended March 31, 2021 and 2020(unaudited) 2021 2020 Revenues $3,053,235 $2,203,320 Cost of Sales 1,669,924 563,184 Gross Profit 1,383,311 1,640,136 Operating Expenses General and Administrative 2,027,566 1,451,909 Operating Income (Loss) (644,255) 188,227 Interest net (7,264) (7,924)Net Income (Loss) $(651,519) $180,303 Net Income (loss) per Common Share – Basic: $(0.08) $0.03 Net Income (loss) per Common Share – Diluted: $(0.08) $0.02 Weighted average Common Shares Outstanding Basic 8,093,199 6,971,427 Weighted average Common Shares Outstanding Diluted 8,093,199 7,423,669 Trxade Group, Inc.Consolidated Statements of Cash FlowsFor the Three months ended March 31, 2021 and 2020(unaudited) 2021 2020 Operating Activities: Net Income (Loss) $(651,519) $180,303 Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation Expense 1,750 1,250 Options expense 75,738 61,997 Warrant Expense - 79,089 Common Stock Issued for Services 98,247 - Bad Debt Expense - 9,000 Amortization of right of use asset 31,678 23,635 Changes in operating assets and liabilities: Accounts Receivable (1,131,807) (94,047)Prepaid Assets and other Current Assets (306,490) (184,923)Inventory 787,632 (311,640)Deposits for Inventory Purchases - (580,800)Other Receivables 6,425 - Lease Liability (31,517) (20,974)Accounts Payable 109,642 (14,376)Customer Deposits - 305,972 Accrued Liabilities and Other Liabilities 299,923 134,708 Net Cash used in operating activities (710,298) (410,806) Investing Activities: Purchase of Fixed Assets - (23,505)Net Cash used in Investing activities - (23,505) Financing Activities: Stock Issuance Costs - (732,355)Proceeds from exercise of Warrants - 1,352 Proceeds from exercise of Stock Options - 501 Proceeds from Issuance of Common Stock - 5,994,424 Net Cash provided by financing activities - 5,263,922 Net increase (decrease) in Cash (710,298) 4,829,611 Cash at Beginning of the Period 5,919,578 2,871,694 Cash at End of the Period $5,209,280 $7,701,305 Supplemental Cash Flow Information Cash Paid for Interest $1,639 $2,348 Cash Paid for Income Taxes $- $- Reconciliation of Net Income (Loss) attributable to Trxade Group, Inc., to Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA* For the three months ended March 31, 2021 2020 Net Income (Loss) attributable to Trxade Group, Inc. $(651,519) $180,303 Add (deduct): Interest, net 7,264 7,973 Depreciation and amortization 1,750 1,250 EBITDA (642,505) 189,526 Add (deduct): Stock-based compensation 173,985 141,086 Adjusted EBITDA * $(468,520) $330,612 * EBITDA and Adjusted EBITDA are non-GAAP financial measures. These measurements are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance. See also “Use of Non-GAAP Financial Information”, above.

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  • Trxade Group, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / April 26, 2021 / Trxade Group, Inc. (NASDAQ:MEDS) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on April 26, 2021 at 5:00 PM Eastern Time.

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  • Keynotes, Educational Panels and 66 Companies to Present at the Planet MicroCap Showcase: VIRTUAL on April 20-22, 2021

    LOS ANGELES, CA / ACCESSWIRE / April 19, 2021 / The Planet MicroCap Showcase will take place on April 20-22, 2021, where 66 SmallCap, MicroCap and NanoCap public and private companies will be presenting via virtual webcast to a global investor audience.The Planet MicroCap Showcase: VIRTUAL begins on Tuesday, April 20, 2021 with the "MicroCap Investing Workshop" starting at 8:00am EST and featuring well-known financial influencers, investors, fund managers, and key opinion leaders on current hot themes, including: SPACs, Cryptocurrency, Digital Assets, Cannabis, Psychedelics, and of course, Small-, Micro- and Nano-Cap investing.

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  • Trxade Group to Report First Quarter 2021 Financial Results on Monday, April 26th at 5:00 p.m. Eastern Time

    TAMPA, FL / ACCESSWIRE / April 12, 2021 / Trxade Group, Inc. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.

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  • TRxADE Group to Present at Planet MicroCap Showcase

    CEO Suren Ajjarapu to Present Wednesday, April 21st, 2021TAMPA, FL / ACCESSWIRE / April 9, 2021 / Trxade Group, Inc. (NASDAQ:MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.

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  • TRxADE Group Reports Annual Revenue Growth of 130% and Year End 2020 Financial Results

    Continues Nationwide Expansion of Breakthrough Digital Healthcare Services IT Platform TAMPA, FL, March 29, 2021 (GLOBE NEWSWIRE) -- Trxade Group, Inc. (NASDAQ: MEDS), a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.S., today announced its financial results for the fourth quarter (Q4) and year ended (FY) December 31, 2020. Selected Financial Highlights $ in MillionsQ4% Increase (Decrease)FY% Increase (Decrease)2020 2019 2020 2019 Revenues$2.0 $1.7 17.1%$17.1 $7.4 130.3%Gross Profit$0.1 $1.3 (90.0%)$5.7 $4.9 17.2%Gross Margin Percentage6.5%76.5%(91.5%)33.3%65.5%(49.1%)Net Loss($2.3)($0.5)(362.0%)($2.5)($0.3)(791.6%)Adjusted EBITDA*($1.4)$0.2 (929.4%)$0.1 $0.9 (89.7%) *Adjusted EBITDA is a non-GAAP financial measure and is described in relation to its most directly comparable GAAP measure under “Use of Non-GAAP Financial Information” below. Fourth Quarter 2020 and Subsequent Operational Highlights Trxade continued to expand the Trxade drug procurement marketplace nationwide, adding 328 new registered members in Q4 2020, bringing the total registered members to approximately 11,800+.Appointed technology entrepreneur and industry thought leader James Ram, to lead the company's newly launched MedCheks subsidiary, in its efforts to bring a Digital Health Passport to market, allowing the holder to display vaccination and COVID-19 testing status.Trxade’s telehealth subsidiary Bonum Health signed a strategic partnership to provide affordable telemedicine services to the patients of approximately 100 Kinney Drug retail pharmacies in New York and Vermont, and, the more than two million Rx discount card members of Kinney's sister company, ProAct, Inc., a fully integrated pharmacy benefits manager.Launched Trxade Prime, a revolutionary service offered by the Company’s wholesale division, allowing the registered members on the Trxade platform to process, consolidate and ship orders that are placed directly with Trxade Suppliers.Announced partnership with SingleCare, a free prescription savings service, to supplement Bonum Health’s enterprise telehealth solutions with prescription discounts offered to national, regional and local pharmacies to promote the benefit to uninsured patients and underserved communities. Management Commentary “2020 was a milestone year for our company as we continued to innovate, grow and expand. Despite the challenges of a global pandemic, we increased revenues by 130% for the year, a testament to our team’s continued innovation and development of our breakthrough digital healthcare services IT platform. As we continue to scale exciting new affiliated services, such as our telehealth platform or our recently announced digital health passport initiative, we anticipate continued top line growth in the coming year. “I am particularly pleased to announce the launch of our new subsidiary, MedCheks, which is developing a digital health passport to help facilitate the safe reopening of the global economy. To head this new initiative, we brought on James Ram. Under his lead, the Digital Health Passport is planned to leverage both state-of-the-art encryption and blockchain technology to conceal all private health data, allowing for the secure exchange of data between passport holder and verifier. We are evaluating initial roll-out locations for the pay-per-use model. “Bonum Health, our telehealth subsidiary, made significant strides in the fourth quarter to more rapidly propel adoption nationwide. We signed an exciting partnership with KPH Healthcare services, bringing affordable healthcare to the patients of approximately 100 Kinney Drug retail pharmacies on the East Coast. “Throughout the year, we have continued to drive our business forward, achieving several key milestones in our internal roadmap with a focus on innovation and development through our various complementary growth opportunities. This is an exciting time for Trxade, and I believe we are better positioned to create sustainable value for our shareholders than at any prior time in the Company's history,” concluded Mr. Ajjarapu, the Company’s Chairman and Chief Executive Officer. Fourth Quarter 2020 Financial Summary Revenues for the fourth quarter of 2020, increased 17.1% to $2 million, compared to revenue of $1.7 million in the same quarter last year. The increase in revenue was primarily due to revenue generated by the Trxade Platform and Trxade Prime.Gross profit in the fourth quarter of 2020, decreased 90.0% to $0.1 million, or 6.5% of revenues, compared to gross profit of $1.3 million, or 76.5% of revenues, in the same quarter last year. The decrease in gross profit was primarily attributable to higher costs associated with Trxade Prime transactions and a write down of inventory.Operating expenses in the fourth quarter of 2020 were $2.4 million, compared to $1.6 million in the same quarter last year. This increase is primarily due to the Loss on Impairment of Goodwill of $726,000 and an increase in employees with our expansion into Business to Consumer (B2C) sales.Net loss in the fourth quarter of 2020 was $2.3 million, or $0.29 per basic and diluted share outstanding, as a result of the Loss on Impairment of Goodwill and a $1,081,000 inventory write down, compared to a net loss of $0.5 million, or $0.04 per basic and diluted share outstanding, in the same quarter last year.Adjusted EBITDA, a non-GAAP financial measure, decreased to ($1.4) million for the fourth quarter of 2020, compared to $0.2 million in the same quarter last year. Fiscal Year Ended December 31, 2020 Summary Revenues for the year ended December 31, 2020, increased 130.3% to $17.1 million, compared to revenue of $7.4 million in the previous year. The increase in revenue was due to revenue generated by Trxade Platform, Trxade Prime and Integra Pharma Solutions, our wholly-owned subsidiary, which revenue increase mainly related to Personal Protective Equipment (PPE) sales relating to the COVID-19 pandemic.Gross profit for 2020 increased 17.2% to $5.7 million, or 33.3% of revenues, compared to gross profit of $4.8 million, or 65.5% of revenues, in the same period last year. The increase in gross profit was attributable to higher costs associated with Trxade Prime and Integra Pharma transactions.Operating expenses for the full year 2020 were $8.2 million, compared to $4.7 million in the last year. This increase is due to the Loss on Impairment of Goodwill, an increase in employees with our expansion into Business to Consumer (B2C) sales, IT initiatives, and non-cash compensation.Net loss for the year ended December 31, 2020, was ($2.5) million, or ($0.33) per basic and diluted share outstanding, compared to net loss of ($0.3) million, or ($0.05) per basic and diluted share outstanding, in the last year.Adjusted EBITDA, a non-GAAP financial measure, was $0.1 million, compared to $0.85 million for the year ended 2020 and 2019, respectively.Cash and cash equivalents were $5.9 million as of December 31, 2020, compared with $2.9 million as of December 31, 2019. Conference Call and Webcast Management will host a conference call on Monday, March 29, 2021 at 5:00 p.m. Eastern time to discuss Trxade Group’s fourth quarter and fiscal year 2020 financial results. The call will conclude with Q&A from participants. To participate, please use the following information: Q4 and Fiscal Year 2020 Conference Call and Webcast Date: Monday, March 29, 2021 Time: 5:00 p.m. Eastern time U.S. Dial-in: 1-877-425-9470 International Dial-in: 1-201-389-0878 Conference ID: 13716956 Webcast: http://public.viavid.com/index.php?id=143721 Please dial in at least 10 minutes before the start of the call to ensure timely participation. A playback of the call will be available through April 29, 2021. To listen, call 1-844-512-2921 within the United States or 1-412-317-6671 when calling internationally and enter replay pin number 13716956. A webcast will also be available for 30 days on the IR section of the Trxade Group website or by clicking the webcast link above. About Trxade Group, Inc. Trxade Group (NASDAQ: MEDS) is a health services IT company focused on digitalizing the retail pharmacy experience by optimizing drug procurement, the prescription journey and patient engagement in the U.S. The Company operates the TRxADE drug procurement marketplace serving a total of 11,800+ members nationwide, fostering price transparency and under the Bonum Health brand, offering patient centric telehealth services. For more information on Trxade Group, please visit the Company’s IR website at investors.trxadegroup.com. Use of Non-GAAP Financial Information This earnings release discusses EBITDA and Adjusted EBITDA. These measurements are not recognized in accordance with generally accepted accounting principles (GAAP) and should not be viewed as an alternative to GAAP measures of performance. EBITDA represents net income before interest, taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA before stock-based compensation expense and gain (loss) in equity investment. EBITDA and Adjusted EBITDA are presented because we believe they provide additional useful information to investors due to the various noncash items during the period. EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: EBITDA and Adjusted EBITDA do not reflect cash expenditures, future requirements for capital expenditures, or contractual commitments; EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, working capital needs; and EBITDA and Adjusted EBITDA do not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on debt or cash income tax payments. Although depreciation and amortization are noncash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements. Additionally, other companies in our industry may calculate EBITDA and Adjusted EBITDA differently than Trxade Group, Inc. does, limiting its usefulness as a comparative measure. See also “Reconciliation of Net Income attributable to Trxade Group, Inc., to Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA”, below. Forward-Looking StatementsThis press release may contain forward-looking statements, including information about management’s view of Trxade’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Trxade, its divisions and concepts to be materially different than those expressed or implied in such statements. These risks include risks of our operations not being profitable; claims relating to alleged violations of intellectual property rights of others; technical problems with our websites; risks relating to implementing our acquisition strategies; our ability to manage our growth; negative effects on our operations associated with the opioid pain medication health crisis; regulatory and licensing requirement risks; risks related to changes in the U.S. healthcare environment; the status of our information systems, facilities and distribution networks; risks associated with the operations of our more established competitors; regulatory changes; healthcare fraud; COVID-19, governmental responses thereto, economic downturns and possible recessions caused thereby; changes in laws or regulations relating to our operations; privacy laws; system errors; dependence on current management; our growth strategy; and others that are included from time to time in filings made by Trxade with the Securities and Exchange Commission, including, but not limited to, in the “Risk Factors” sections in its Form 10-Ks and Form 10-Qs and in its Form 8-Ks, which it has filed, and files from time to time, with the U.S. Securities and Exchange Commission. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on Trxade’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. Trxade cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Investor Relations: Lucas Zimmerman Senior Vice President MZ Group - MZ North America (949) 259-4987 MEDS@mzgroup.us www.mzgroup.us Trxade Group, Inc.Consolidated Balance SheetsDecember 31, 2020 and 2019 December 31, 2020 December 31, 2019 Assets Current Assets Cash $5,919,578 $2,871,694 Accounts Receivable, net 805,043 792,050 Inventory 1,257,754 56,761 Prepaid Assets 151,248 82,452 Other Receivables 1,087,675 - Total Current Assets 9,221,298 3,802,957 Property Plant and Equipment, Net 162,397 174,987 Other Assets Deposits 21,636 21,636 Deferred offering costs - 88,231 Right of use leased assets 387,371 757,710 Goodwill - 725,973 Total Assets $9,792,702 $5,571,494 Liabilities and Stockholders’ Equity Current Liabilities Accounts Payable $256,829 $334,614 Accrued Liabilities 219,256 98,852 Current Portion – Operating Lease Liabilities 131,153 87,350 Customer Deposits 10,000 - Notes Payable – Related Party 225,000 - Total Current Liabilities 842,238 520,816 Long Term Liabilities Notes Payable – Related Party - 225,000 Operating Lease Liabilities, net of current portion 271,306 685,461 Total Liabilities 1,113,544 1,431,277 Stockholders’ Equity Series A Preferred Stock, $0.00001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2020 and December 31, 2019, respectively - - Common Stock, $0.00001 par value; 100,000,000 shares authorized; 8,093,199 and 6,539,415 shares issued and outstanding as of December 31, 2020 and 2019, respectively 81 65 Additional Paid-in Capital 19,610,631 12,535,655 Retained Deficit (10,931,554) (8,395,503)Total Stockholders’ Equity 8,679,158 4,140,217 Total Liabilities and Stockholders’ Equity $9,792,702 $5,571,494 Trxade Group, Inc.Consolidated Statements of OperationsYears Ended December 31, 2020 and 2019 2020 2019 Revenues, net $17,122,520 $7,436,264 Cost of Sales 11,415,198 2,565,500 Gross Profit 5,707,322 4,870,764 Operating Expenses Loss on write-off of software asset - 368,520 Loss on Impairment of Goodwill 725,973 - General and Administrative 7,488,011 4,377,020 Total Operating Expenses 8,213,984 4,745,540 Operating Income (Loss) (2,506,662) 125,224 Other Income - 72,075 Investment Loss - (250,000)Loss on Extinguishment of Debt - (178,500)Interest Expense (29,389) (53,227)Net Loss $(2,536,051) $(284,428) Net Loss per Common Share – Basic and Diluted $(0.33) $(0.05) Weighted average Common Shares Outstanding Basic and Diluted 7,705,620 5,929,092 Trxade Group, Inc.Consolidated Statements of Cash FlowsYears ended December 31, 2020 and 2019 2020 2019 Operating Activities: Net loss $(2,536,051) $(284,428) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation Expense 5,500 5,000 Options Expense 448,404 176,376 Warrant Expense 56,885 105,452 Common Stock Issued for Services 1,357,759 - Bad Debt Expense 10,539 11,500 Loss on extinguishment of debt - 178,500 Investment Loss - 250,000 Loss on write off of software asset - 277,500 Loss on Impairment of Goodwill 725,973 - Loss on write-down of Inventory 1,218,020 - Amortization of Right-of-Use Asset 97,020 89,731 Changes in operating assets and liabilities: Accounts Receivable (23,532) (369,923)Prepaid Assets and Other Current Assets (68,796) 475 Other Assets - (89,336)Inventory (2,419,013) 23,205 Other Receivables (1,087,675) - Lease Liability (97,033) (74,630)Accounts Payable (33,190) (148,659)Accrued Liabilities and Other Liabilities 120,404 (8,988)Customer Deposits 10,000 - Net Cash provided by (used in) operating activities (2,214,786) 141,775 Investing Activities: Purchase of Fixed Assets (37,505) (82,252)Purchase of Equity Method Investment - (250,000)Net Cash Used in Investing Activities (37,505) (332,252) Financing Activities: Repayments of Short-Term Convertible Debt – Related Parties - (262,552)Payment of Stock Issuance Costs (732,356) - Proceeds from Exercise of Warrants 37,606 166 Proceeds from Exercise of Stock Options 501 - Proceeds from Issuance of Common Stock 5,994,424 2,455,000 Net Cash provided by financing activities 5,300,175 2,192,614 Net increase in Cash 3,047,884 2,002,137 Cash at Beginning of the Year 2,871,694 869,557 Cash at End of the Year $5,919,578 $2,871,694 Supplemental Cash Flow Information Cash Paid for Interest $29,442 $98,461 Cash Paid for Income Taxes $- $- Non-Cash Transactions Recognition of ROU assets and operating lease obligations $- $847,441 Purchase of Fixed Assets recorded in Accounts Payable $- $82,729 Common Stock Issued for Conversion of Note and Accrued Interest $- $386,983 Remeasurement of ROU Assets and Lease Liability for Nonrenewal of Lease $273,319 $- Reconciliation of Net Income (Loss) attributable to Trxade Group, Inc., to Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA* For the three months ended December 31, Fiscal Year ended December 31, 2020 2019 2020 2019 Net Income (Loss) attributable to Trxade Group, Inc. $ (2,312,162) $(495,203) $ (2,536,051) $(284,428) Add (deduct): Interest, net 6,725 6,410 29,389 53,227 Depreciation and amortization 1,750 1,250 5,500 5,000 EBITDA (2,303,687) (487,543) (2,501,162) (226,201) Add (deduct): Share in Equity losses on Investment - - - 250,000 Loss on write-off of software asset - 368,520 - 368,520 Loss on extinguishment of debt - 178,500 - 178,500 Loss on impairment of Goodwill 725,973 - 725,973 - Stock-based compensation 162,877 113,871 1,863,048 281,828 Adjusted EBITDA * $(1,414,837) $178,348 $87,859 $852,647 * EBITDA and Adjusted EBITDA are non-GAAP financial measures. These measurements are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance.

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