other material
confidence high
sentiment positive
materiality 0.75
Sharps Technology signs $50M+ SoloGard syringe deal; sets $5M 2025 revenue target
Sharps Technology Inc.
- Entered $50M+ 5-year supply agreement for 500M SoloGard 10mL syringes with U.S. pharma company; deliveries begin Q1 2025.
- Signed sales agreement with European medical supply company for SecureGard 1mL/3mL inventory; first revenue in early December 2024.
- Revenue guidance: ~$400K Dec 2024, >$5M in 2025, $15M in 2026, $20M in 2027 from Hungary facility.
- Regained compliance with NASDAQ listing rules as of November 13, 2024.
- Hungary expansion targets SecureGard capacity >100M units and SoloGard >125M units annually.