SCWorx Announces Resumption of Nasdaq Trading and Highlights Improved Operating Performance and Growth Strategy
Key Highlights
- ➤Nasdaq trading resumed after panel found SCWorx compliant, subject to one-year Panel Monitor
- ➤Six-month gross profit rose 122% to approximately $705,000
- ➤Six-month net loss narrowed to approximately $295,000 from approximately $2.4 million
- ➤Operating cash used fell to approximately $258,000 from approximately $1.1 million
- ➤September private placement raised gross proceeds of $938,000
Expert Statements
Tim Hannibal, President and Chief Executive Officer of SCWorx
“The resumption of Nasdaq trading is an important milestone for SCWorx and our shareholders, but our focus remains firmly on the underlying business.”
Tim Hannibal, President and Chief Executive Officer of SCWorx
“Over the past year, we have significantly improved the economics of the Company while continuing to invest in our technology, healthcare data assets and customer relationships. We believe we are building a more efficient, scalable and strategically valuable healthcare technology company.”
Tim Hannibal, President and Chief Executive Officer of SCWorx
“We believe the strategic value of SCWorx extends beyond an individual software application.”
Tim Hannibal, President and Chief Executive Officer of SCWorx
“Over more than a decade, we have developed healthcare-specific data, classification methodologies, attribute structures and institutional knowledge that are embedded in our platform and workflows. Combining these assets with AI-enabled automation creates an opportunity to process healthcare data faster and more efficiently while continuing to maintain the domain expertise and quality controls our customers require.”
Tim Hannibal, President and Chief Executive Officer of SCWorx
“Our goal now is execution,”
Tim Hannibal, President and Chief Executive Officer of SCWorx
“We intend to convert the operational improvements we have made into sustainable revenue growth, increased recurring revenue, positive cash flow and long-term shareholder value. We believe SCWorx has valuable healthcare data assets, technology and domain expertise, and our responsibility is to translate those assets into a larger, stronger and more valuable company.”
Company Reports Significant Improvement in Gross Profit, Net Loss and Operating Cash Used for the First Half of 2026; Continues to Expand Healthcare Customer Base and AI-Enabled Data Management Platform
MIDDLETON, Mass., Oct. 07, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: WORX) ("SCWorx" or the "Company"), a provider of healthcare supply chain data management and analytics solutions, following the resumption of trading of its common stock today on The Nasdaq Capital Market, highlighted the Company's improved operating performance, expanding healthcare customer relationships and continued investment in its proprietary healthcare data and technology platform.
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