WORX
SCWorx Corp.0.2070
-0.0094-4.34%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.28MP/E (TTM)
-Basic EPS (TTM)
-0.85Dividend Yield
0%Recent Filings
8-K
10-Q
8-K
Nasdaq bid price extension granted
SCWORX Corp. secured a 180-day Nasdaq extension on October 8, 2025, to lift its bid price below $1 per share, stemming from a prior April notice over 30 consecutive days ending April 9. Trading under WORX persists uninterrupted on the Nasdaq Capital Market until April 6, 2026. The company eyes a reverse stock split if needed. No assurance of appeal success if delisted.
8-K
Warrant inducement boosts capital
SCWorx Corp. inked warrant inducement deals on September 17, 2025, prompting holders to exercise existing warrants for 2,064,000 shares at $0.3496 each, netting $721,574 in gross proceeds for working capital. In exchange, the company issued new warrants for 4,128,000 shares at $0.31004, exercisable post-stockholder approval with a five-year term, but restricted further equity sales for 90 days after. Cash flows in now. Yet stockholder nod remains key to unlocking the new warrants.
10-Q
Q2 FY2025 results
SCWorx's Q2 revenue dipped 8.0% y/y to $682.6K while gross profit shrank 26.7% to $180.4K, reflecting expired customer contracts, yet operating expenses fell 14.4% to $473.9K on lower legal fees. The operating loss narrowed slightly to $293.5K, but net loss ballooned to $1.9M from $1.5M in other expenses, mainly amortization of debt discounts on new convertible notes. For the half-year, revenue slid 9.7% y/y to $1.4M with a $627.5K operating loss, widening to $2.4M net on $1.7M other costs; diluted EPS hit $(0.78) on 3.1M shares, consistent with calculations. Cash climbed to $340.2K on $1.3M financing inflows, leaving $51.8M convertible debt net of discounts (maturities 2025-2027 at 10%, secured by assets) and no revolver. No M&A or non-GAAP metrics disclosed in the 10-Q. Nasdaq compliance hangs by a thread.
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