Advantex Marketing Reports $5.75 Million in Fiscal-Year Revenue

Advantex Marketing International Inc. posted $5.75 million in fiscal-year revenue, while gross profit rose 14.5% to $3.46 million and higher credit and collection costs cut margins. Gross profit was up from $3.02 million a year earlier. The gross margin for the company’s MCA program fell to 75.1% from 92.9%, with higher direct expenses, particularly credit and collection costs, reducing margins. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost