TORONTO, ON / ACCESSWIRE / April 8, 2019 / NEXGENRX INC. ("NexgenRx" or the "Company") is pleased to announce its 2018 year end results. The 2018 fiscal year was a very positive and transformational one for the Company, with revenue having increased by 26% (from $5.67 million in 2017 to $7.17 million in 2018). The year was highlighted by the acquisition of Canadian Benefit Administrators Ltd. ("CBA") and My Benetech Inc. ("MBT"), which was completed in July 2018. One-time acquisition related costs and other non-cash expenses relative to the acquisition contributed to an annual loss of $696,862, though the fourth quarter ended with a profit of $184,049, reflecting the positive consolidation of a full quarter of financial results from the acquisitions, in addition to revenue from new clients.
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