Scworx Corp (OQ:WORX)

Sector:  Technology Industry:  Software
See Regulatory Filings on SEC
Company Contact
Address: 590 Madison Ave
NEW YORK NY 10022-2524
Tel: N/A
IR: See website
Key People
Business Overview
Scworx Corp, formerly Alliance MMA Inc., offers advanced software solutions for the management of health care providers business applications. Its platform provides data content and services related to the repair, normalization and interoperability of information for healthcare providers and big data analytics. It has developed and markets health information technology solutions and associated services that improve healthcare processes and information flow within hospitals. Its software platform enables healthcare providers to simplify, repair, and organize its data, allows the data to be utilized across multiple internal software applications and provides the basis for sophisticated data analytics. Its software modules are engaged in performing various functions, which includes virtualized item master file repair, expansion and automation, contract management, request for proposal automation, rdata integration and warehousing, and charge description master (CDM) management.
Financial Overview
For the nine months ended 30 September 2019, Scworx Corp revenues increased from $144K to $4.3M. Net loss before extraordinary items increased from $3M to $8.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling/General/Admin. Expense increase from $1.9M to $10.4M (expense).
Employees: 2 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $17.00M as of Sep 30, 2019
Annual revenue (TTM): $4.30M as of Sep 30, 2019
EBITDA (TTM): -$10.00M as of Sep 30, 2019
Net annual income (TTM): -$9.65M as of Sep 30, 2019
Free cash flow (TTM): -$4.75M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 7,099,471 as of Nov 12, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization