Sharps Technology Inc (OQ:STSS)
Business Focus: Medical Equipment, Supplies & Distribution
| Sector: Healthcare | Industry: Medical Equipment, Supplies & Distribution |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 105 Maxess Road, Ste. 124 MELVILLE NY 11747 |
| Tel: | N/A |
| Website: | https://sharpstechnology.com |
| IR: | See website |
| Key People | ||
| Robert M. Hayes Chief Executive Officer, Director | Andrew R. Crescenzo Chief Financial Officer | |
| Business Overview |
| Sharps Technology, Inc. is a medical device and pharmaceutical packaging company. The Company is engaged in offering patented smart-safety syringe products to the healthcare industry. The Company's smart safety syringe products, such as Securgard, Sologard, and Sharps Provensa, are ultra-low waste syringes that incorporate both passive and active safety and reuse prevention features. It Sharps Securegard and Sologard, and Roncadelle SafeR safety syringe product lines incorporate both active and passive safety features and have been designed to address the three primary administration concerns with syringe delivery systems, including accidental needlestick injuries, wasted medicine/dead space and reuse prevention. It also offers products that are designed with specialized copolymer technology to support the prefillable syringe market segment. It has a manufacturing facility in Hungary and is pursuing plans to expand its manufacturing capacity in the United States. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sharps Technology Inc revenues was not reported. Net loss increased from $4.6M to $9.8M. Higher net loss reflects Fair Value Adjustments on Other Assets decrease of 97% to $170K (income), Other Non Operating I/E decrease from $27K (income) to $53K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -$0.57 to -$0.76. |
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