SCWorx shares surge 89.12% after-hours after securing new academic hospital data management contract.

SCWorx (WORX) surged 89.12% in after-hours trading following the announcement of a new customer agreement with a Midwest-based academic hospital organization, which selected the company for healthcare data cleanse and enrichment services to support Workday initiatives. The deal, though undisclosed in financial terms, underscores growing demand for SCWorx’s data management solutions in the academic healthcare sector, as highlighted by CEO Tim Hannibal. Additionally, the company recently secured a renewed three-year contract valued at $1.692 million and raised $721,574 through warrant exercises, further bolstering investor sentiment. Despite SCWorx’s financial challenges, including negative margins and a low market cap, the partnership with a major 500-bed hospital signals operational traction, aligning with the stock’s sharp after-hours rally.