Retractable Technologies reports 2021 revenues up 130% to $188.4M, operating income triples to $72.6M

RETRACTABLE TECHNOLOGIES INC

2022-Q1 EPS reported $0.23 revenue$44,742,350

2021 revenues $188.4M vs $81.9M prior year (+130.1%); unit sales up 116.9%.
Income from operations $72.6M, up from $24.1M; gross margin improved to 50.6% from 45.2%.
Q4 2021 revenues $59.4M, up 85.8% YoY; workforce increased 44% over Dec 2020.
U.S. government purchased $113.7M (60.3% of revenues); new $147M HHS contract in Feb 2021.
Cash flow from operations $32.8M vs $19.0M; expects expanded domestic production capacity.

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