Sharps Compliance Reports Fiscal 2021 First Quarter Results

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Sharps Compliance (SMED) Misses Q1 EPS by 6c, Revenues Miss

October 27, 2020 7:00 AM EDT

Sharps Compliance (NASDAQ: SMED) reported Q1 EPS of ($0.02), $0.06 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $13.2 million versus the consensus estimate of $14.98 million.

David P. Tusa, President and Chief Executive Officer of Sharps, stated, During the first quarter we saw a significant rebound in our route-based business with revenues increasing 19% and surpassing pre-COVID-19 levels as well as our internal expectations. Likewise, Professional market billings have recovered and first quarter billings from this segment also exceeded pre-COVID-19 levels. This strength represents not only the resumption of operations... More