New York, NY, March 04, 2026 (GLOBE NEWSWIRE) -- SCWorx Corp. (Nasdaq: SCWX), a leading provider of data management, analytics, and interoperability solutions for healthcare organizations, today announced that it has signed a new SaaS and data management customer agreement with a prominent Southeastern healthcare provider in support of its implementation and ongoing optimization of its Workday platform. The health system’s integrated delivery network (IDN) comprises over 700 beds across multiple acute care ...

As filed with the Securities and Exchange Commission on January 8, 2026 Registration No. 333-______ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SCWORX CORP. (Exact Name of Registrant As Specified In Its Charter) Delaware 7374 47-5412331 (State Or Other Jurisdiction Of Incorporation Or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 35 VILLAGE RD., SUITE ...

Core Insights - SCWorx Corp. has entered into a new customer agreement with a Midwest-based academic hospital organization with approximately 500 beds, focusing on healthcare data management and interoperability solutions [1][2]. Group 1: Customer Agreement - The agreement involves SCWorx providing healthcare data cleanse and enrichment services to support Workday initiatives, aimed at improving data consistency and operational workflows [2][3]. - The financial terms of the agreement have not been disclosed, and the deployment timing and scope will be coordinated with the customer [3]. Group 2: Company Overview - SCWorx offers a suite of software-as-a-service-based data management solutions for healthcare providers, integrating various solution modules with a robust data platform [4]. - The solution modules include Virtual Item Master, data cleanse and normalization, contract management, RFP module, automated rebate management module, data interoperability module, Automated Item Add Portal, Virtual General Ledger, and data analytics module, creating a single source for healthcare data governance and analytics [4].

Core Insights - SCWorx Corp. has announced a new partnership with a leading healthcare supply chain partner, enhancing its SaaS data management program [1] - The partner offers an AI-powered solution that automates payment processes and supply chain management, aiming to optimize performance and reduce administrative waste [2] - SCWorx's CEO, Tim Hannibal, emphasized that partnerships are crucial for the company's growth strategy and expanding its market presence [3] Company Overview - SCWorx provides a suite of software-as-a-service data management solutions tailored for healthcare providers, focusing on accuracy, cost savings, and operational efficiency [4] - The company's solutions include various modules such as Virtual Item Master, data cleansing, contract management, and data analytics, creating a comprehensive data governance platform for healthcare providers [4]

Revenue Performance - Revenue for the three months ended September 30, 2025 was $705,799, a decrease of 7.1% compared to $759,724 for the same period in 2024, primarily due to the expiration and non-renewal of certain customer contracts [138]. - For the nine months ended September 30, 2025, revenue was $2,108,730, a decrease of 8.9% from $2,313,850 for the same period in 2024, again due to contract expirations and non-renewals [145]. Cost of Revenues - Cost of revenues decreased to $453,872 for the three months ended September 30, 2025, down 27.5% from $627,148 in the same period of 2024, attributed to staffing reductions and lower cloud hosting costs [139]. - Cost of revenues for the nine months ended September 30, 2025 was $1,539,523, down 10.8% from $1,726,314 in 2024, resulting from staffing decreases and reduced cloud hosting expenses [146]. Operating Expenses - Operating expenses decreased by $135,290 to $390,784 for the three months ended September 30, 2025, compared to $526,074 in 2024, mainly due to reductions in legal and professional fees [140]. - Operating expenses for the nine months ended September 30, 2025 decreased to $1,335,588 from $1,466,637 in 2024, a reduction of $131,049, primarily due to lower legal and professional fees [147]. Net Loss - Net loss for the three months ended September 30, 2025 was $1,312,539, compared to a net loss of $424,963 for the same period in 2024, reflecting a significant increase in losses [142]. - The company reported a net loss of $3,694,927 for the nine months ended September 30, 2025, compared to a net loss of $940,935 for the same period in 2024, indicating a substantial increase in losses [149]. Other Expenses - Other expenses increased significantly to $2,928,546 for the nine months ended September 30, 2025, compared to $61,834 in 2024, largely due to new interest-bearing convertible notes and amortization of note discounts [148]. Financing Activities - Cash provided by financing activities was approximately $1,992,175 for the nine months ended September 30, 2025, significantly higher than $946,090 in 2024, driven by proceeds from loans and warrant exercises [154]. Company Classification - The company is classified as a smaller reporting company under Rule 12b-2 of the Exchange Act and is not required to provide detailed market risk information [162].

Core Points - SCWorx Corp has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement, now having until April 6, 2026 [1][2] - The company must close at or above $1.00 per share for at least ten consecutive business days to confirm compliance [2] - Nasdaq's determination is based on the company meeting other listing requirements, except for the bid price [3] Company Overview - SCWorx is a software-as-a-service company focused on data management solutions for healthcare providers, utilizing machine learning and artificial intelligence [6] - The company's solutions include modules for data cleansing, contract management, automated rebate management, and data analytics, aimed at improving operational efficiency and cost savings for healthcare providers [6]

Core Insights - SCWorx Corp. has renewed its agreement with a healthcare partner for a new three-year term, with a contract value increase of 113% compared to the previous term, totaling approximately $1,692,000 over three years [1][2] Company Overview - SCWorx is a provider of healthcare data management solutions, offering a suite of software-as-a-service-based solutions that integrate various modules to ensure accuracy, cost savings, operational efficiency, and reliable reporting [3] - The company's solutions include Virtual Item Master, data cleanse and normalization, contract management, automated rebate management, and data analytics modules, creating a single source for healthcare data governance and analytics [3] Partnership Significance - The renewal of the partnership highlights the long-term trust established with the healthcare partner, reflecting the measurable value of SCWorx's solutions in enhancing efficiency and data integrity [2][3] - The partner has also doubled the amount of data processed with SCWorx, indicating the scalability and impact of the platform [2] Growth Strategy - Partnerships are a critical component of SCWorx's growth strategy, with the renewal demonstrating the durability of customer relationships and the benefits of the partner program [3]

Core Insights - iBusiness announced that SBA WORX has selected LenderAI as its loan origination and processing technology platform, enhancing transparency and efficiency in the lending service provider ecosystem [1][2][4] Company Overview - iBusiness Funding specializes in providing lending solutions for banks and lenders, focusing on SBA lending programs and processing over $7 billion in SBA loans [6] - SBA WORX is a specialized Lender Service Provider that supports financial institutions with the full lifecycle of SBA 7(a) lending [8] Technology Adoption - The adoption of LenderAI allows LSPs to deliver faster, more accurate, and scalable lending services, automating critical components of the loan origination process [2][4] - LenderAI has processed over $7 billion in SBA loans and more than $4 billion in conventional SMB loans, showcasing its effectiveness in the market [3] Client Benefits - Clients of SBA WORX, such as Arlo Bank, report improved customer experience and data accuracy due to the innovative technology provided by LenderAI [3] - The platform's features include integrations with third-party credit and identity data sources, end-to-end process transparency, and advanced automation tools [3][4] Market Position - LenderAI is recognized as a leading technology solution for SBA lending and has expanded its capabilities to support personal credit products, indicating its versatility in the SMB financing ecosystem [3]

Core Insights - SCWorx Corp. has appointed Anders Ohlsson as the new Chief Technology Officer, emphasizing its commitment to enhancing its data management and software solutions for the healthcare sector [1][3] Company Overview - SCWorx is a provider of software-as-a-service-based data management solutions tailored for healthcare providers, offering a comprehensive suite of modules that ensure accuracy, cost savings, operational efficiency, and reliable reporting [4] Leadership Appointment - Anders Ohlsson brings over 25 years of experience in software engineering, cloud infrastructure, and machine learning applications, previously holding senior roles at WideOrbit [2] - As CTO, Ohlsson will lead the technology strategy, product development roadmap, and innovation initiatives at SCWorx [3] Strategic Focus - The appointment of Ohlsson comes at a crucial time as SCWorx aims to expand its capabilities in data management, data cleansing, system integration, and analytics to address the complex operational challenges faced by healthcare organizations [3]

Core Insights - SCWorx Corp. has entered into a new agreement with a leading healthcare supply chain partner to enhance its SaaS data management program [1][3] - The partner specializes in healthcare supply chain consulting, focusing on cost savings and optimizing spend management for hospitals [2][3] Company Overview - SCWorx provides a suite of software-as-a-service data management solutions tailored for healthcare providers, ensuring accuracy, cost savings, operational efficiency, and reliable reporting [4] - The company's solutions include modules for data cleansing, contract management, automated rebate management, and data analytics, creating a comprehensive data governance platform for healthcare providers [4] Partnership Details - The new partner is recognized for driving measurable savings by vetting vendors and leveraging billions in spend through strategic purchasing across all 50 states [3] - SCWorx's data cleanse, normalization, and enrichment services were key factors in the partner's decision to collaborate, aiming to enhance their product offerings and deliver additional value to healthcare customers [3]