Sharps Technology Inc. (NASDAQ: STSS) Stock Information | RedChip
Sharps Technology  NASDAQ: STSS logo small-cap
NASDAQ: STSS

Sharps Technology

$0.26 -0.0160 -5.90% 763.3K

Company Overview


Sharps Technology is an innovative medical device and pharmaceutical packaging company offering patented, best-in-class smart-safety syringe products to the healthcare industry. The Company’s product lines focus on providing ultra-low waste capabilities, that incorporate syringe technologies that use both passive and active safety features. Sharps also offers products that are designed with specialized copolymer technology to support the prefillable syringe market segment. The Company has a manufacturing facility in Hungary and has partnered with Nephron Pharmaceuticals to expand its manufacturing capacity in the U.S. A transformative asset acquisition of Nephron’s InjectEZ facility in South Carolina, once completed in mid-2024, places Sharps Technology on a clear path for rapid growth.

Value Proposition


Sharps Technology signed a $200 million five-year Sales Agreement and enhanced its Asset Purchase Agreement to acquire Nephron Pharmaceuticals’ InjectEZ facility. This acquisition, announced in May 2024 and expected to close within 60 days, will position Sharps as North America's first fully dedicated specialized polymer prefillable syringe manufacturer. The facility, set to begin product deliveries in Q2 2025, is expected to generate over $35 million in revenue in the first 12 months, with potential to exceed $50 million by 2026 and $100 million by 2028. Recent FDA recalls and tariffs on Chinese-manufactured syringes have boosted demand for Sharps' products, which are increasingly preferred over glass syringes. Sharps is engaging with major pharmaceutical companies, retail chains, and healthcare distributors to expand its market presence. With a clear path to substantial revenue growth and profitability, alongside a buy rating and $16 per share price target from Aegis Capital, Sharps represents a compelling opportunity in a market forecasted to reach $29.8 billion by 2030.

Multi-Billion-Dollar Market Opportunity


Investor Presentation

Investment Highlights


  • $200 million, five-year sales agreement with Nephron
    • $35 million expected during the first 12 months of sales
    • Facility has capacity to generate $50+ million revenue in 2026 and potentially $100+ million in revenue by 2028
  • Strong product line of patented smart safety syringe systems
    • Products are FDA, WHO, and CE Mark approved
    • Launching new prefilled syringe systems with acquisition of InjectEZ facility
  • Asset purchase agreement to acquire InjectEZ manufacturing facility
    • State-of-the-art facility with fully automated syringe system manufacturing, packaging, and distribution in West Columbia, SC
    • Strengthens manufacturing capacity and allows Sharps to serve the broader healthcare market
  • Poised for rapid growth and superior financial performance
    • $200M, five-year sales agreement with Nephron
    • Signed global sales and distribution agreement with Roncadelle, a leader in novel medical drug delivery devices
    • Developing additional copolymer prefillable syringe sales opportunities by collaborating with Fortune 500 medical product distributors, branded/generic pharma leaders, and companies in the rapidly expanding GLP-1 market
    • Low corporate overhead structure
  • Large and growing markets with unmet need
    • Total syringe market growing faster than GDP; disposables growing at 2x GDP and prefillable growing at 4x GDP
    • Prefillable cyclic olefin copolymer (COC) demand growth outstripping industry capacity; new InjectEZ facility is the only dedicated prefillable COC syringe manufacturing facility in North America
  • Strong management team with extensive experience in drug delivery manufacturing and product development
    • Long-standing relationships with pharma companies and 503B organizations that comprise company’s target customer base

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