Retractable Technologies reports 2024 revenue down 24% to $33.0M; operating loss widens to $21.1M

RETRACTABLE TECHNOLOGIES INC

Revenue decreased 24.2% to $33.0M from $43.5M; domestic down 15.1%, international down 59.1%.
Loss from operations $21.1M (2023: $11.5M); total operating expenses $20.1M.
Cash position $4.2M at year-end with $40.3M in securities; net cash decrease of $8.4M.
Tariffs on Chinese imports cost $1.6M in 2024; $1M equipment and $3.8M workforce outlays expected for domestic production.
Dividends declared on Series II/III preferred stock: $39,050 and $18,561.25 for Q1 2025, payable April 21.

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