SCWorx Corp. 2Q 2026: Revenue $706049 EPS $(1.35) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.SCWorx Corp. reported Q2 2026 revenue of $706,049, a 3.4% YoY increase, with diluted EPS of $(1.35), significantly improved from $(82.27) in the prior year. The company achieved a narrower net loss of $(120,954) due to cost reductions and contract activity. Key drivers include new customer wins, multi-year SaaS contracts, and reduced cloud/hosting costs. SCWorx also completed a reverse stock split to maintain Nasdaq compliance.
SCWorx Corp. reported second-quarter 2026 results with modest revenue growth and a narrower net loss versus the year-ago quarter, as cost reductions and contract activity helped improve margins.
Financial Highlights
- Revenue was $706,049 for 2Q 2026, compared with $682,632 in the prior-year quarter; YoY change 3.4%.
- Net income was a net loss attributable to common stockholders of $(120,954) for 2Q 2026, versus a net loss of $(1,906,085) in the prior-year quarter (improved YoY).
- Diluted EPS was $(1.35) for 2Q 2026, versus $(82.27) in the prior-year quarter (loss per share improved YoY).
Business Highlights
- Revenue growth was driven by contract modifications and new customer wins, supporting a modest sequential increase year-over-year.
- Continued SaaS delivery through AWS and RackSpace with focus on hosted, multi-year contracts (3–5 years).
- Reduced cloud hosting and contractor costs contributed to improved gross margins and lower cost of revenues.
- Core product focus remains on data normalization, interoperability, Common Data Model (CDM) and analytics for hospitals and health systems.
- Completed a corporate reverse stock split and maintained Nasdaq compliance actions to support reinstatement of the market listing.
Original SEC Filing: SCWorx Corp. [ WORX ] - 10-Q - Aug. 14, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.