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3PEA Reports Fourth Quarter and Full Year 2016 Financial Results - and they're debt free3PEA Reports Fourth Quarter and Full Year 2016 Financial Results 2016 Revenue Up 28% to $10.4M; Drives Net Income of $1.4M and Diluted EPS of $0.03 HENDERSON, Nev.--(BUSINESS WIRE) 3PEA International, Inc. (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 fourth quarter and full year ended December 31, 2016. 2016 Financial Highlights vs. 2015 · Revenues increased 28% to a record $10.4 million. · Gross profit increased to $5.2 million, or 50% of total revenue, compared to $4.1 million, or 50% of total revenue in 2016. · Net income increased to $1.4 million, or $0.03 per diluted share, compared to a (loss) of ($2.4 million), or $(0.06) per share, an increase of $3.6 million, or $0.09 per diluted share. · Surpassed 1,000,000 PaySign Cardholders.
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