Sharps Technology Reports Continued Growth in Q1 2026 Highlighting Strengthened Balance Sheet and Strong Treasury Execution
Publish Date: 2026-05-15 08:00:00
Source Domain: www.prnewswire.com
NEW YORK, May 15, 2026 /PRNewswire/ — Sharps Technology, Inc. (“STSS” or the “Company”), a medical device sales and distribution company that has adopted a Solana-based digital asset treasury strategy, has announced financial results for the first quarter ended March 31, 2026, and provided an update on the continued execution of its treasury and infrastructure strategy.
“The first quarter of 2026 shows that the strategic repositioning we completed last year is continuing to translate into meaningful financial performance,” said Paul K. Danner, Executive Chairman of Sharps. “We begin the second quarter with a treasury that is actively generating yield, giving us the financial flexibility to advance the next phase of our strategy – one focused on scaling shareholder value and unlocking new sources of recurring income over time.”
Key Highlights from Q1 2026:
- As of March 31, 2026, STSS held approximately 2 million SOL in its treasury.
- The Company’s cash balance was approximately $12.3 million as of March 31, 2026.
- The Company had total revenue of approximately $3.3 million for Q1 2026, including $3.1 million in net staking revenue, which represented an approximately 6% gross annualized validator staking yield, and $0.2 million in product revenue from medical device distribution.
The Company enters the second quarter of 2026 with a productive digital asset treasury and continued institutional relevance within the Solana ecosystem. Management believes the Company is positioned to utilize our effective treasury execution as the foundation to support broader strategic initiatives intended to enhance the Company’s long-term growth profile and open additional opportunities for future revenue generation.
For more detailed information, please refer to the Quarterly Report on Form 10-Q for the three months ended March 31, 2026 filed with the U.S. Securities and Exchange Commission, and accessible at…
