Sharps Compliance Corp (SMED, Financial) filed Quarterly Report for the period ended 2012-09-30.
Sharps Compliance Corporation has a market cap of $46.4 million; its shares were traded at around $3.05 with and P/S ratio of 2.1.
Total revenues for the three months ended September 30, 2012 of $5.2 million decreased by $0.6 million, or 10.3%, over the total revenues for the three months ended September 30, 2011 of $5.7 million. Billings by market are as follows (in thousands):
Cost of revenues for the three months ended September 30, 2012 of $3.6 million was 69.9% of revenues. Cost of revenues for the three months ended September 30, 2011 of $3.9 million was 68.3% of revenues. The lower gross margin for the quarter ended September 30, 2012 of 30.1% (versus 31.7% for the quarter ended September 30, 2011) was due to ongoing facility costs of $0.1 million, or 220 basis points, associated with the maintenance portion of the U.S. government contract that was terminated as of January 31, 2012.
The Company reported diluted loss per share of ($0.04) for the three months ended September 30, 2012 versus diluted loss per share of ($0.02) for the three months ended September 30, 2011. The decrease in diluted earnings per share is a result of a higher net loss in the current quarter (discussed above).
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Sharps Compliance Corporation has a market cap of $46.4 million; its shares were traded at around $3.05 with and P/S ratio of 2.1.
Highlight of Business Operations:
The following analyzes changes in the consolidated operating results and financial condition of the Company during the three months ended September 30, 2012 and 2011. The following table sets forth, for the periods indicated, certain items from the Company's Condensed Consolidated Statements of Operations, dollars in thousands and percentages expressed as a percentage of revenue:Total revenues for the three months ended September 30, 2012 of $5.2 million decreased by $0.6 million, or 10.3%, over the total revenues for the three months ended September 30, 2011 of $5.7 million. Billings by market are as follows (in thousands):
Cost of revenues for the three months ended September 30, 2012 of $3.6 million was 69.9% of revenues. Cost of revenues for the three months ended September 30, 2011 of $3.9 million was 68.3% of revenues. The lower gross margin for the quarter ended September 30, 2012 of 30.1% (versus 31.7% for the quarter ended September 30, 2011) was due to ongoing facility costs of $0.1 million, or 220 basis points, associated with the maintenance portion of the U.S. government contract that was terminated as of January 31, 2012.
The Company reported diluted loss per share of ($0.04) for the three months ended September 30, 2012 versus diluted loss per share of ($0.02) for the three months ended September 30, 2011. The decrease in diluted earnings per share is a result of a higher net loss in the current quarter (discussed above).
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