SMED - Sharps Compliance reports robust order activity

Sharps Compliance (SMED) has completed the growth infrastructure projects that began in March 2020, to expand its capacity to support growth across its service and solution offerings. The addition of mailback related warehouse and distribution space of 52,000 sq. ft. and mailback inventory on January 1, 2021 of 300,000 units with a plan to manufacture as many as an additional 1M units by the end of the fiscal year 2021. Additionally, the Company recently expanded its line of credit from $14 million to $18 million to support its growth. The company expects to announce its full financial results for the second quarter of fiscal 2021 on January 28, 2021. SMED is +4.5% to $10.29Source: Press Release

For further details see:

Sharps Compliance reports robust order activity