Scworx Corp
scworx.comWhat Do They Do?
Sells software and related services that help hospitals and health systems clean up healthcare data, connect purchasing, clinical and billing systems, and analyze the information.
10-K for FY2025, filed Mar 31, 2026SCWorx is a provider of data content and services related to the repair, normalization and interoperability of information for healthcare…View ↗
SCWorx has developed and markets health information technology solutions and associated services that improve healthcare processes and…View ↗
Currently, the business systems of hospitals are frequently deficient and often unconnected from each other. These deficiencies in part…View ↗
How Do They Make Money?
Healthcare providers pay periodic fees for access to hosted software over a stated term. The company also bills for implementation and hourly work by project milestones or monthly, and one-time data-normalization projects are typically paid upon completion.
10-K for FY2025, filed Mar 31, 2026SCWorx’s software solutions are delivered to clients within a fixed term period, typically a three-to-five-year contracted term, where such…View ↗
For clients purchasing software to be installed locally or provided on a SaaS model, these are multi-element arrangements that include a…View ↗
SCWorx also generally provides software and SaaS client’s professional services for implementation, integration, process engineering, and…View ↗
For one-time data normalization services clients, these normalization services are provided either through a stand-alone services agreement…View ↗
$2.9M
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10-K for FY2025, filed Mar 31, 2026
$2.9M ↗
Who Are Their Customers?
Hospitals and health systems buy SCWorx’s solutions through its direct sales force and distribution and reseller partners.
10-K for FY2025, filed Mar 31, 2026SCWorx currently sells its solutions and services in the United States to hospitals and health systems through its direct sales force and…View ↗
Do Revenues Turn Into Profits?
No. It lost $4.4M in FY2025.
10-K for FY2025, filed Mar 31, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 14, 2026
−$121KView ↗
- ▼ −94% (Loss)
- vs −$1.9M in Q2 FY2025
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Sep 4, 2026
Nasdaq cited another listing deficiency, keeping delisting under consideration
Nasdaq said the reverse split left SCWorx below its publicly held share requirement; the panel will consider the deficiency in its continued-listing decision.
Sources
8-K, filed Sep 4, 2026
On September 2, 2026, SCWorx Corp. (the "Company") received a letter (the "Letter") from the Listing Qualifications Department (the…View ↗
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Jul 29, 2026
Nasdaq gave SCWorx time to address a market-value shortfall
Nasdaq said SCWorx fell below the minimum market value of publicly held shares and set a compliance period ending January 20, 2027.
Sources
8-K, filed Jul 29, 2026
The Nasdaq Rules provide a compliance period of 180 calendar days, through January 20, 2027, in which to regain compliance.View ↗
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Jul 29, 2026
Nasdaq confirmed one step toward continued listing
Nasdaq confirmed SCWorx completed the first benchmark in its plan, but the company still had to meet further listing conditions.
Sources
8-K, filed Jul 29, 2026
On July 24, 2026, the Company received a partial compliance letter from Nasdaq confirming the Company’s compliance with the first provision…View ↗
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Jun 23, 2026
Nasdaq panel allowed listing to continue if conditions were met
The panel granted continued listing subject to shareholder approval of a reverse split, completing the split, and meeting the minimum bid price condition.
Sources
8-K, filed Jun 23, 2026
On June 17, 2026, SCWorx Corp. (the “Company”) received a written decision (the “Decision”) from a Hearings Panel (the “Panel”) of The…View ↗
Shrinking. Revenue fell 38% in 4 years, from $4.6M in FY2021 to $2.9M in FY2025, about 11% a year.
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