Sharps Compliance Corp. (SMED) Message Board

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Biotech / Medical : Sharps Compliance Corp. (SMED)

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From: JakeStraw	1/30/2014 9:04:07 AM
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Sharps Compliance Revenue Increases 34% to $7.6 million; Achieves Net Income of $120,000 in Fiscal 2014 Second Quarter finance.yahoo.com Second quarter billings grew 31% to record $7.2 million with growth across all key market segments Sequential growth in quarterly revenue of 22% Professional market billings increase 38% over prior year second quarter and up 32% over comparative trailing twelve month period driven by solid traction from inside and online sales channel and joint marketing alliance wins Retail market billings up 28% over prior year second quarter and up 27% over comparative trailing twelve month period Balance sheet remains solid with a cash balance of $15.3 million and working capital of $16.5 million David P. Tusa, President and Chief Executive Officer of Sharps, commented, "We continue to make solid progress increasing the awareness of our Company as a full service provider of medical waste solutions, with particular focus on introducing our mailback solution as an effective alternative to traditional pick-up services in the small quantity generator sector. During the second quarter we achieved growth across all of our key markets, through our targeted sales and marketing initiatives and our ability to provide customized and comprehensive service to our customers. As point of care continues to shift from large waste generating traditional healthcare settings to smaller venues such as clinics, assisted living, self-injecting patients and home settings, Sharps is well positioned to gain market share. Our field, inside and web sales efforts are focused on educating the decision makers at alternate health care sites about the favorable economics, regulatory compliance and convenience provided by our solutions."

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