RedHawk Holdings Corp. , a diversified holding company primarily engaged in sales and distribution of medical devices, announced today the launch of its new website dedicated to online sale of the Company’s line of personal protection equipment (“PPE”) including non-contact thermometers, UV lamps, face masks and face shields.
RedHawk also reiterated today that its previously announced preliminary results for the three month period ended June 30, 2020 are projected to be at record levels, with revenues for such period estimated to increase more than 500% over the preceding three month period ended March 31, 2020, as previously announced. Also as previously announced, normalized quarterly cash flow from operations is also preliminarily estimated to be at record levels for this same three month period. Revenues for the three month period ended June 30, 2020 were from a combination of sales from the Company’s line of PPE and its SANDD™ needle incineration devices with preliminary gross profit margins averaging approximating 50%.
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Additionally, RedHawk announced today that it has repaid in full the promissory note due on or before September 6, 2020 in the principal amount of $200,000 made payable in connection with the previously disclosed settlement agreement between the Company and the Daniel J. Schreiber Living Trust – Dtd 2/8/95.
