RETRACTABLE TECHNOLOGIES INC (RVP) Form 10-Q — May 15, 2026
Retractable Technologies reported a net loss of $4.2 million for the first quarter of 2026, with revenues declining 13.5% year-over-year to $7.2 million. The company posted a negative gross margin of $838,000, driven by high manufacturing costs, a $863,000 inventory write-down for expiring products, and significant non-recurring expenses including $593,000 in charitable donations and $300,000 in consultant fees. Operational headwinds remain severe, with 110% tariffs on syringe and needle imports from China continuing to pressure margins.
Key figures
- Revenue
- 7177397
- Total Assets
- 137595357
- Cash Position
- 2765893
- Tariff Rate China
- 110
- Inventory Write Down
- 863037
- Tariff Refunds Received
- 604000
- Investment Portfolio Value
- 32852028
- Unrealized Gain Investments
- 192172
- Workforce Reduction Percent
- 16
- Annualized Savings From Layoffs
- 2200000
Price after filing
Close on the filing date to close N calendar days later (from $0.69). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.