secwatch.observer — SEC 8-K summary
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Issuer:     RETRACTABLE TECHNOLOGIES INC (RVP)
CIK:        0000946563
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001104659-22-041542
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946563/000110465922041542/0001104659-22-041542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946563/000110465922041542/tm2210971d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-041542

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer