Scworx Corp (OQ:WORX)

Sector:  Industrials Industry:  Business Support Services
 
See Regulatory Filings on SEC
Company Contact
Address: 590 Madison Ave
NEW YORK NY 10022-2524
Tel: N/A
Website: https://www.scworx.com
IR: See website
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Key People
Timothy A. Hannibal
President, Chief Executive Officer, Director
Chris Kohler
Chief Financial Officer
 
Business Overview
SCWorx Corp. is a provider of data content and services related to the repair, normalization and interoperability of information for healthcare providers, as well as big data analytics. for the healthcare industry. The Company is engaged in developing and marketing health care information technology solutions and associated services that improve healthcare processes and information flow within hospitals and other healthcare facilities. Its software enables a healthcare provider to simplify 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 solution modules include virtualized item master file repair, expansion, and automation; electronic medical record management; charge description master (CDM) management; contract management; request for proposal (RFP) automation; rebate management; big data analytics modeling, and data integration and warehousing.
Financial Overview
For the nine months ended 30 September 2023, Scworx Corp revenues decreased 4% to $2.9M. Net loss decreased 11% to $1.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Selling/General/Admin. Expense decrease of 19% to $2.3M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$2.06 to -$1.39.
Employees: 9 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $3.56M as of Sep 30, 2023
Annual revenue (TTM): $3.92M as of Sep 30, 2023
EBITDA (TTM): -$1.66M as of Sep 30, 2023
Net annual income (TTM): -$1.67M as of Sep 30, 2023
Free cash flow (TTM): -$0.81M as of Sep 30, 2023
Net Debt Last Fiscal Year: $0.03M as of Sep 30, 2023
Shares outstanding: 1,211,035 as of Nov 14, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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