Therapy Areas: Devices
RedHawk Holdings Corp's reports increased medical devices and supplies orders
3 April 2020 -

RedHawk Holdings Corp (OTC: SNDD), a diversified holding company primarily engaged in sales and distribution of medical devices, announced on Thursday that orders for its medical devices and supplies increased significantly during the last two weeks of March 2020.

This has resulted in a new order backlog in excess of USD600,000 effective 31 March 2020, exclusive of the minimum number of contractually obligated orders from its distributor, Dolphin Medical LLC. The firm also stated the 31 March 2020 backlog of new orders is projected to be delivered to customers and recognised as revenue in accordance with Generally Accepted Accounting Principles during the three month period ending 30 June 2020.

The company has received new medical device and supplies orders for the SANDD mini, the company's FDA-approved and OSHA compliant needle incineration device, the company's line of digital non-contact thermometers and the company's newly offered KN95 masks. The firm stated that this increase in new orders was the result of increased product demand caused primarily by the COVID-19 virus, and such increased demand is expected to continue into the three month period ending 30 June 2020.

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