In the after-hours trading session, SCWorx Corp. (WORX) stock had risen at last check by 12.57% to trade at the price of $1.88. WORX stock previously closed the session of Monday and gained 2.45% at $1.67. In the past 50 days, the WORX stock volume traded 0.37 million shares, and today traded 0.79 million shares. In the past year up to date, WORX shares have shed by -27.71% and in the past week the stock has moved up by 7.05%. In the past three and six months, the WORX stock has shed -17.73% and has shed -9.87%.
Find out what all there is to about SCWorx Corp.’s operational framework
SCWorx Corp. is health information services company from the healthcare industry that specifically focses on providing its clients software solutions relating to health management and business application systems. These services are required by heath care providers like hospitals, clinics, medical research centers and labs. The company has set up its operations in the United States.
The service and product offerings that the company provides includes repair, maintenance, installation of information system, as well as analysis of big data models through display and statistical operations. The product offerings include various software solutions which includes the virtualized item master file repair, automation of files as well as expansion of work. There is an electronic medical management service that provides records and integrates master management for healthcare providers through integration of their healthcare purchasing monitoring systems.
WORX stock also provides a module for healthcare providers to manage automation for the administering of care to patients. A completely diverse project that the company provides in its services is the CageTix which is a ticketing platform for the industry of mixed martial arts. SCWorx Corp. has also decided to sell rapid test kits for COVID-19 as well as PPE. The company is based in New York.
Recent updates and development in SCWorx
As of June, SCWorx has made some managerial changes and updated their progress on compliance with NASDAQ Listing Standards. WORX stock’s board of directors had made an announcement in which they promoted Tim Hannibal who was the President and Chief Operating Officer of the company to the Chief Executive Officer of the company. Mr. Hannibal has been with the company for almost the past 5 years. Initially, Hannibal was appointed for the role of Chief Revenue Officer in 2016 and has been the CEO and president for 13 years of Software-as-a-Service company known as VaultLogix.
Compliance with NASDAQ Stock Market listing requirements
SCWorx also announced that it was focusing on bringing the necessary requirements onto the table which has allowed it to regain compliance with Nasdaq Stock Market for its continued listing requirements. Specifically, the requirements were related to stockholder meetings and periodic reporting.
The letter was dated 25th May 2021, which officially confirmed the compliance with the NASDAQ listing by adhering to and reporting the Company’s Annual Report requirement on the 10-K for the year that ended 31st December 2021, and then the rest of the deficiencies had been rectified as soon as the company completed its Special Meeting along with Annual Meeting of Stockholders on 24th May 2021.
