---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-040573"
form_type: "8-K"
ticker: "RVP"
cik: "0000946563"
company_name: "RETRACTABLE TECHNOLOGIES INC"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:30:49.154430+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Retractable Technologies 2022 revenue drops 49.7% to $94.8M; net income falls to $5.1M

## Summary
- Revenue $94.8M, down 49.7% YoY; domestic sales fell 68.8%, international up 105%.
- Net income $5.1M ($0.15 EPS) vs $56.1M ($1.65 EPS) in 2021; operating loss $853k.
- Total operating expenses rose 27.9%, driven by accelerated stock option expense.
- Spent $7.6M repurchasing 3.6M shares; workforce reductions target $3.8M annual savings.
- Preferred stock dividends declared: Series II $39,050 and Series III $19,061.25 for Q1 2023, payable Apr 20.

## SEC filing metadata
- accession: 0001104659-23-040573
- form_type: 8-K
- ticker: RVP
- cik: 0000946563
- company_name: RETRACTABLE TECHNOLOGIES INC
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946563/000110465923040573/0001104659-23-040573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946563/000110465923040573/tm2311182d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-040573
- JSON: https://secwatch.observer/filing/0001104659-23-040573.json
- Plain text: https://secwatch.observer/filing/0001104659-23-040573.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.