RVP

Financial Performance: Retractable Technologies reported net sales of $10.1 million and an operating loss of $3.7 million for Q3 2025, showing slight improvement from the previous year, while total net sales for the first nine months reached $28.8 million with operating losses of $13.5 million.

Impact of Tariffs: The company faced significant tariff costs, spending $2.3 million in the first nine months of 2025, with a tariff rate of 130% on needles and syringes from China, prompting a shift towards increased domestic production.

Sales Trends: Domestic sales accounted for the majority of revenues, with a decrease in unit sales but an increase in average selling prices due to a favorable product mix. International revenues increased by 25% in Q3 2025, despite a decline in average selling prices.

Operational Adjustments: The company implemented workforce reductions to manage rising costs from domestic manufacturing and reported an unrealized gain of $2.4 million on debt and equity investments, alongside a net loss of $10.2 million for the first nine months of 2025.

Dividend Announcement: Retractable Technologies, Inc. declared dividends of $39,050.00 and $18,561.25 for its Series II and Series III Class B Convertible Preferred Stock, respectively, covering the period from July 1, 2025, to September 30, 2025, to be paid on October 20, 2025.

Product Overview: The company manufactures safety medical products, including the VanishPoint® syringe and Patient Safe® syringes, designed to prevent needlestick injuries and reduce infection risks, with distribution through various specialty and general line distributors.

Financial Performance: Retractable Technologies, Inc. reported a net sales increase to $10.4 million in Q2 2025 from $6.0 million in Q2 2024, with operating losses decreasing slightly from $5.8 million to $5.1 million; however, overall operating losses for the first half of 2025 rose to $9.8 million compared to $8.7 million in 2024, largely due to increased tariffs and production costs.

Impact of Tariffs and Production Changes: The company faced significant tariff expenses totaling $2.1 million in the first half of 2025, prompting a shift towards more domestic manufacturing, which accounted for 38% of products produced in the U.S. compared to just 9% in the previous year, while international revenues also saw growth despite declining average selling prices.