NexgenRx Inc V.NXG

Alternate Symbol(s): NEGXF

Financial Services Insurance Brokers

NexgenRx Inc. is a Canada-based independent full-service third-party administrator and technology solutions provider. The Company is focused on building technology platforms that equip its clients with unprecedented capabilities for managing and self-managing group benefit plans, group pension plans and patient support programs. It offers plan sponsors, providers and patient support program/drug manufacturers a full suite of software-as-a-service solutions. The Company’s products include NexSys, NexAdmin, and NexPSPAssist. The NexSys single platform solution simplifies adjudication of dental, prescription drug and extended health claims. Its NexAdmin product enables sponsors to take complete control of benefit plan administration. NexPSPAssist service helps patient support programs (PSP) to optimize their deliverables to their manufacturer clients. Its NexPension is an advanced pension administration solution designed to help sponsors record and tabulate contributions.

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NexgenRx Inc

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Post by jcorobowon May 27, 2021 9:26am

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Post# 33274540

A few points from Q1 release

- Revenue up YoY
- No CEWS
- Administration Fees revenue up YoY
- EBITDA margin increased from 20% to 25% YoY

Great cost cutting measures this Q. Just need transaction revenue to increase once people start going to dentists, chiropractors, etc.

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