Sharps Compliance Corp (SMED) Reports Q4 Loss of $0.03; Issues Partial FY12 Outlook
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Sharps Compliance Corp (NASDAQ: SMED) reported Q4 EPS of ($0.03), versus ($0.05) reported last year. Revenue for the quarter came in at $5.03 million versus the consensus estimate of $4.5 million.
The Company expects in fiscal 2012 to recognize approximately $3.0 million in revenue for the maintenance component of the U.S. Government contract that includes options to extend through January 2014. The Company expects that it can achieve break-even results when quarterly revenue approaches the $6.0 million mark and at that level should have gross margin of approximately 40% to 45%.
The Company expects in fiscal 2012 to recognize approximately $3.0 million in revenue for the maintenance component of the U.S. Government contract that includes options to extend through January 2014. The Company expects that it can achieve break-even results when quarterly revenue approaches the $6.0 million mark and at that level should have gross margin of approximately 40% to 45%.
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