earnings
confidence high
sentiment negative
materiality 0.75
Retractable Technologies reports 2023 revenue down 54% to $43.6M, operating loss of $11.5M
RETRACTABLE TECHNOLOGIES INC
- Revenue $43.6M, down 54% YoY; domestic down 33.7%, international down 78.9%.
- Operating loss of $11.5M vs loss of $0.9M in 2022; gross profit $9.1M.
- Unrealized loss of $10.5M and realized gain of $5.6M on securities.
- Declared Series II and III preferred dividends: $39,050 and $18,561, payable April 22.