earnings
confidence high
sentiment negative
materiality 0.70
Retractable Tech Q2 operating loss $2.1M; revenue $14.3M, down 66% YoY
RETRACTABLE TECHNOLOGIES INC
2022-Q2 EPS reported
$0.12
revenue$59,078,919
- Operating loss of $2.1M in Q2 2022 vs operating income of $12.7M in Q2 2021.
- Net sales $14.3M in Q2 2022 vs $42.5M; no U.S. government sales vs $27.4M in prior year.
- International sales increased ~97.5% YoY; overall unit sales decreased 64.1%.
- H1 2022 operating income $7.7M vs $36.1M; net sales $59.1M vs $92.6M.
- Unrealized loss on equity securities $3.9M in Q2 due to decreased market values.