SCWorx (NASDAQ:WORX) discloses that
it has accepted a purchase order from Rethink My Healthcare for 2M
COVID-19 rapid test kits at $17.50 per unit. The order has a provision
for additional weekly orders of 2M units for 23 weeks.
The company, in turn, has ordered 52M units from
its supplier, ProMedical Equipment Pty. Ltd. at $13.00 per unit over a
six-month period (2M per week) beginning April 24.
At gross margin of $4.50 per unit, the total deal could be worth $234M.
The company first reported the order on Monday, April 13.
Shares up 32% after hours.
https://seekingalpha.com/news/3561494-scworx-up-32-after-hours-on-confirmed-order-for-2m-covidminus-19-tests
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