earnings
confidence high
sentiment positive
materiality 0.75
Retractable posts $44.1M op income for 9 months, amends license deal with CEO
RETRACTABLE TECHNOLOGIES INC
2021-Q3 EPS reported
$1.02
revenue$128,926,716
- Operating income of $44.1M for nine months ended Sep 30, 2021, up from $11.8M in prior year.
- Net sales of $128.9M for nine months; U.S. government comprised 64.8% of net sales.
- Q3 operating income decreased to $8.0M from $10.3M due to rising transportation costs.
- Entered Third Amendment to Technology License Agreement with CEO Shaw, granting termination rights after hostile takeover.
- No immediate hostile takeover threat; amendment aligns with growth strategy.