Retractable Technologies Q1 operating income falls to $9.7M from $23.4M YoY on lower U.S. government sales

RETRACTABLE TECHNOLOGIES INC

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

Operating income $9.7M vs $23.4M in Q1 2021; net sales $44.7M vs $50.1M.
U.S. government sales fell to $15.7M from $37.8M; international sales surged 1,313%.
International unit sales increased dramatically but per-unit revenue is lower, pressuring margins.
Operating expenses rose 27.7% driven by headcount, consulting, and share-based compensation ($1.1M).
Company warns future orders from U.S. government and international organization are uncertain.

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