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WORX is currently under an investigation initiated by the former Attorney General of Louisiana for its alleged failure to provide accurate publicly available information regarding its supply agreement to sell COVID-19 test kits. In addition, WORX’s growth prospects have been adversely affected by the focus of most of its customers in the healthcare sector on meeting the nation’s healthcare needs in response to the COVID-19 pandemic. In addition to that, the company has failed to generate substantial revenue from the sale of PPE or rapid test kits in the last reported quarter.
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