The Company believes this information is useful to investors and other interested parties. Future economic and industry trends that could potentially impact revenue and profitability are difficult to predict. The information made available in this news release contains certain forward-looking statements which reflect Sharps Compliance Corp.'s current view of future events and financial performance. Customer billings include all invoiced amounts for products shipped or services rendered during the period reported. GAAP revenue includes customer billings as well as numerous adjustments necessary to reflect, (i) the deferral of a portion of current period sales, (ii) recognition of certain revenue associated with product returned for treatment and destruction and (iii) provisions for certain product returns and discounts to customers which are accounted for as reductions in sales in the same period the related sales are recorded. *Represents the net impact of the revenue recognition adjustments to arrive at reported GAAP revenue. Files on this page are PDF. Mr. Tusa concluded, “As an essential service provider to healthcare, we believe we have improved revenue visibility over the next twelve to eighteen months and we anticipate that revenues could be favorably impacted by what experts believe could be a strong flu immunization season, potentially followed by a COVID-19 immunization effort, coupled with potential growth from our core markets including long-term care, home healthcare and the professional markets. ComplianceTRAC stores all of your required OSHA documents in one location for easy access. Tel: (713) 432-0300. Stericycle is Retail market billings increased 46% to $2.3 million in the third quarter of fiscal 2020 as compared to $1.6 million in the same prior year period. Cash was $4.9 million at March 31, 2020, compared to cash of $4.5 million at June 30, 2019. This release contains certain financial information not derived in accordance with generally accepted accounting principles (“GAAP”), including customer billings information and EBITDA. Download Acrobat Reader (opens in new window) free of charge. Additionally, the Company recently announced that it received loan proceeds of $2.2 million on April 20, 2020 under the Paycheck Protection Program (“PPP”) under a promissory note from its commercial bank. Headquartered in Houston, Texas, Sharps Compliance is a leading full-service national provider of comprehensive waste management services including medical, pharmaceutical and hazardous. In compliance with the American Disabilities Act Amendment (ADAAA), Accessibility for Ontarians with Disabilities Act (AODA) and other state or province accessibility laws and regulations, if you use a screen reader and need help with this website or have feedback or inquiries about accessing material on this website because of a disability, contact [email protected]. A telephonic replay will be available through May 28, 2020. Sharps Disposable By Mail System 1 Each Single Size 1 Quart, Holds Approx 50 - 70 1cc Syringes SHARPS COMPLIANCE INC SCP10100012 (Each) 5.0 out of 5 stars 1 $15.00 $ 15 . The webcast can be monitored at www.sharpsinc.com. Tel: (800) 772-5657. Sharps Compliance Corp. and Subsidiaries Supplemental Customer Billing by Solution Information (in thousands) (Unaudited) Three-Months Ended September 30, … To listen to the replay, domestic callers should dial (877) 481-4010 and international callers should dial (919) 882-2331 and enter replay ID number 34131. The Company recorded operating income of $0.3 million in the first nine months of fiscal 2020 as compared to an operating loss of $0.1 million in the first nine months of fiscal 2019. Read more. Sharps recorded revenue of $38.6 million in the first nine months of 2020, an increase of 20% compared to revenue of $32.1 million in the first nine months of 2019. Some of these risks include, without limitation, the company's ability to educate its customers, development of public awareness programs to educate the identified consumer, customer preferences, the Company's ability to scale the business and manage its growth, the degree of success the Company has at gaining more large customer contracts, managing regulatory compliance and/or other factors that may be described in the company's annual report on Form 10-K, quarterly reports on Form 10-Q and/or other filings with the Securities and Exchange Commission. Sharps Compliance offers comprehensive solutions for the management of regulated medical waste, hazardous waste and unused medications. That’s why Sharps Compliance monitors updates and communicates any changes to its customers. Transcript will also be posted to the Sharps website, once available. Find the latest SEC Filings data for Sharps Compliance Corp. Common Stock (SMED) at Nasdaq.com. The loans and accrued interest are forgivable after eight weeks providing that the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. Wherever used, the words "estimate," "expect," "plan," "anticipate," "believe," "may" and similar expressions identify forward-looking statements. Diana P. Diaz Sharps Compliance Corp. Vice President and Chief Financial Officer Phone: (713) 660-3547 Email: ddiaz@sharpsinc.com John Nesbett/Jennifer Belodeau IMS Investor Relations Sharps Compliance (SMED) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.04. A question-and-answer session will follow. Professional billings increased 11% to $12.4 million in the first nine months of fiscal 2020 as compared to $11.2 million in the prior year period. Sharps recorded improved EBITDA of $1.5 million in the first nine months of fiscal 2020, as compared to EBITDA of $1.1 million in the first nine months of fiscal 2019. As announced on March 25, 2020, the Company is focused on expanding its infrastructure to support what it believes will be a strong 2020 flu and immunization season as well as medical waste disposal related to a potential COVID-19 vaccine which may become available for administration in the U.S. Additionally, the Company sees other potential increased medical waste volumes related to COVID-19 such as the long-term care market where personal protective equipment, or PPE, in many facilities is being disposed of as medical waste and not as trash which has been the historical practice. Download Proof of treatment documents. Our policy is available in accessible formats upon request. The Company's flagship product, the Sharps Recovery System, is a comprehensive solution for the containment, transportation, treatment and tracking of medical waste and other used healthcare materials. *The Company defines earnings before interest, taxes, depreciation and amortization (“EBITDA”) as net income (loss), plus income tax expense (benefit), net interest expense, and depreciation and amortization. SG&A expense increased 21% to $10.7 million compared to $8.9 million in the first nine months of 2019, related to the Company’s continued investments in sales and marketing, but was consistent with the prior year as a percentage of sales at 28%. Sharps also provides two simple solutions for safe and easy disposal of unused medications: MedSafe collection receptacles and TakeAway Medication Recovery System Envelopes. IR materials of Sharp Corporation. If you need assistance logging in, please contact the Customer Support team at 866.776.9316 or click hereto chat. EBITDA is a significant performance metric used by management and by external users of our financial statements such as investors, research analysts and others to assess the financial performance of our assets without regard to financing methods, capital structure or historical cost basis; the ability of our assets to generate cash sufficient to pay interest costs and support our indebtedness; and our operating performance and return on capital as compared to those of other companies in our industry. Sharps Tracer Login. Investor Relations Global Contacts Sharps ... Sharps Compliance Corp is a United States-based provider of waste management services including medical, pharmaceutical and hazardous. SG&A increased 24% to $3.6 million or 35% of revenue in the third quarter of fiscal 2020, as compared to SG&A of $2.9 million, or 31% of revenue in the same prior year quarter. $ 9.5 million for the management of regulated medical waste, hazardous waste unused. 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