Sharps Compliance Reports Fiscal 2020 Third Quarter Results
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Sharps Compliance (SMED) Misses Q3 EPS by 6c, Revenues Miss
April 28, 2020 7:00 AM EDTSharps Compliance (NASDAQ: SMED) reported Q3 EPS of ($0.10), $0.06 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $10.4 million versus the consensus estimate of $10.64 million.
Third quarter 2020 revenue of $10.4 million, an increase of 10% over prior yearUnused medications billings grew 24%Route-based billings increased 16%Billings increased in several key markets including Retail at 46%, Professional at 6% and Assisted Living at 20%Increasing medical waste processing capacity from 10 million to 27 million pounds per year by September 2020Preparing for strong flu and potential COVID-19 immunization seasons through a significant increase in inventory... More