---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-062057"
form_type: "8-K"
ticker: "RVP"
cik: "0000946563"
company_name: "RETRACTABLE TECHNOLOGIES INC"
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-02T00:05:46.681116+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Retractable Technologies Q1 net sales fall to $7.6M; operating loss widens to $3.0M

## Summary
- Net sales $7.6M, down 31% from $11.0M in Q1 2023 due to lack of COVID vaccine syringe sales.
- Operating loss $3.0M vs $2.7M; loss widened despite 12.9% decrease in operating expenses.
- Domestic sales rose 22.5% to $6.6M; international sales fell 82.8% to $1.0M.
- Unrealized gain on investments of $1.7M impacted net income; provision for income taxes $86K.
- New 50% tariff on syringes/needles expected in Q3 2024; over 90% of products sourced from China.

## SEC filing metadata
- accession: 0001104659-24-062057
- form_type: 8-K
- ticker: RVP
- cik: 0000946563
- company_name: RETRACTABLE TECHNOLOGIES INC
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946563/000110465924062057/0001104659-24-062057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946563/000110465924062057/tm2414541d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-062057
- JSON: https://secwatch.observer/filing/0001104659-24-062057.json
- Plain text: https://secwatch.observer/filing/0001104659-24-062057.txt

## Key facts
- Shareholder Votes
  RETRACTABLE TECHNOLOGIES INC shareholders approved Election of Three Class 2 Directors at the 2024-05-10 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2024-05-10
  source text: Voting results are shown in the table below. Votes For Votes Withheld Abstentions and Broker Non-Votes CLASS 2 DIRECTORS Thomas J. Shaw 19,813,088 865,410 0 Walter O. Bigby, Jr. 19,085,632 1,592,866 0 John W. Fort III 19,718,001 960,497 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/946563/000110465924062057/0001104659-24-062057-index.htm

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