secwatch.observer — SEC 8-K summary
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Issuer:     RETRACTABLE TECHNOLOGIES INC (RVP)
CIK:        0000946563
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001104659-22-118746
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946563/000110465922118746/0001104659-22-118746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946563/000110465922118746/tm2230385d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-118746

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