Retractable Tech Q3 2022: operating loss $691k, net sales $23.1M, down 36% YoY

RETRACTABLE TECHNOLOGIES INC

2022-Q3 EPS reported $0.28 revenue$82,140,204

Operating loss of $691k in Q3 2022 vs income of $8.0M in Q3 2021.
Net sales $23.1M (Q3) and $82.1M (9mo), down from $36.4M and $129.0M YoY.
Revenue decline driven by lack of U.S. government sales; international sales up ~507%.
Unrealized loss on equity securities of $615k in Q3; income tax benefit of $5.8M.
International unit sales were 71% of total; per-unit revenue and margins are lower than U.S.

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