Quad M Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 08:06 pm
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Quad M Solutions, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was USD 0.104996 million compared to net income of USD 1.78 million a year ago.
For the six months, sales was USD 0.004247 million compared to USD 36.27 million a year ago. Net loss was USD 0.159671 million compared to net income of USD 5.55 million 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. 
