UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 – Other Events.
US Defense Logistics Agency Contract Award
On November 22, 2022, the US Defense Logistics Agency awarded OraSure Technologies, Inc. (the “Company”) a second procurement contract for the Company’s InteliSwab® COVID-19 Rapid Test for over-the-counter use. Under the terms of the award, the contract estimate is 18 million InteliSwab® COVID-19 Rapid Tests; with a maximum award of 36 million tests and a guaranteed minimum award of 3.6 million tests. The contract will run from November 2022 through November 2023. Due to lack of visibility of order timing, the Company is not updating its financial guidance for the fourth quarter of 2022 at this time. Pricing for the InteliSwab® COVID-19 Rapid Test, under this contract, is below what was previously awarded by the federal government.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ORASURE TECHNOLOGIES, INC. | ||||||
| Date: November 22, 2022 |
By: | /s/ Carrie Eglinton Manner | ||||
| Carrie Eglinton Manner | ||||||
| President and Chief Executive Officer | ||||||
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