WORX earnings analysis
What we found in WORX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The provided 10-Q excerpt does not include the income statement, balance sheet, cash flow statement, segment disclosures, or quantitative guidance, so financial trend metrics cannot be assessed from the filing text supplied. The most material disclosure is management’s conclusion that disclosure controls were ineffective as of June 30, 2026 due to control-design deficiencies and lack of segregation of duties. The company reported no pending or threatened litigation and no previously undisclosed unregistered equity sales during the six months ended June 30, 2026.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- No pending litigation reported
- The company reported no pending or threatened litigation as of the filing date, stating that the number of such matters was 0.
- No undisclosed equity sales
- The company reported 0 unregistered equity securities sales during the six months ended June 30, 2026 that had not previously been disclosed on Form 8-K.
- Corporate charter amended
- The filing included an amended certificate of incorporation dated July 28, 2026 as Exhibit 3.1.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Disclosure controls ineffective
- Management concluded that disclosure controls were not effective as of June 30, 2026 because of deficiencies in control design and a lack of segregation of duties.
- Timeliness of reporting at risk
- The filing states that disclosure controls did not ensure required information was recorded, processed, summarized, reported, accumulated, and communicated within the SEC’s required time periods as of June 30, 2026.
- Limited risk-factor disclosure
- The company did not provide a substantive Item 1A risk-factor update because it is a smaller reporting company, so the filing contains 0 detailed risk-factor changes versus the prior report.
What they said about what is next.
The provided 10-Q excerpt contains no quantitative revenue or EPS outlook, and no forward guidance was disclosed.
The filing reads worse than the one before it.
What came before.
- 10-Q · May 15, 2026
- In the latest 10-Q filing, SCWorx reported a revenue of $744,899 for Q1 2026, marking a minor increase of $24,600 (3.4%) compared to Q1 2025's $720,299. Notably, the net loss significantly improved by $302,536,…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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