Retractable Tech Q3 revenue drops 55% to $10.3M; operating loss widens to $936K

RETRACTABLE TECHNOLOGIES INC

2023-Q3 EPS reported -$0.24 revenue$29,307,413

Net sales fell to $10.3M in Q3 2023 from $23.1M in Q3 2022, a 55% decline; nine-month sales $29.3M vs $82.1M.
Operating loss was $936K in Q3 vs $691K loss last year; nine-month operating loss $8.7M vs income of $7.0M.
Unrealized loss on investments of $6.5M in Q3 and $11.3M year-to-date due to decreased market values.
Domestic sales (ex-U.S. govt) increased 2.1% to $9.4M; international sales plunged 93%.
Sales and marketing expenses rose 31% primarily in travel, trade shows, and sales headcount.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.