Business
Retractable Technologies, Inc. Results for the Period Ended March 31, 2026
LITTLE ELM, Texas, May 15, 2026--Retractable Technologies, Inc. (NYSE American: RVP) reports total net sales of $7.2 million for the first three months of 2026 and an operating loss of $6.2 million for the period, as compared to total net sales for the same period last year of $8.3 million and an operating loss of $4.7 million.
About this update from Retractable Technologies, Inc.
[{"type":"text","content":"LITTLE ELM, Texas, May 15, 2026--(BUSINESS WIRE)--Retractable Technologies, Inc. (NYSE American: RVP) reports total net sales of $7.2 million for the first three months of 2026 and an operating loss of $6.2 million for the period, as compared to total net sales for the same period last year of $8.3 million and an operating loss of $4.7 million.","length":346,"tagName":"p"},{"type":"text","content":"In the first quarter of 2026, a larger proportion of international sales and an increase in EasyPoint® needle sales contributed to lower overall revenues despite unit sales increasing slightly.","length":193,"tagName":"p"},{"type":"text","content":"In the first three months of 2026, we spent less than $12 thousand on tariff expenses, a large decrease compared to prior periods. The decrease is attributable to ongoing mitigation efforts, including strategic sourcing decisions and increased domestic production. We produced 39% of our products domestically in the first quarter of 2026.","length":339,"tagName":"p"},{"type":"text","content":"In the first quarter of 2026, operating expenses increased 14% or $655 thousand. However, approximately $900 thousand of our operating expenses in the first quarter 2026 are attributable to non-recurring consulting expenses and charitable product donations.","length":257,"tagName":"p"},{"type":"text","content":"In April 2026, the Company reduced its workforce by approximately 16%. The reduction is expected to save an estimated $2.2 million in annual wages and employment benefits, or approximately 13% of total estimated workforce costs. The expected savings are offset by one-time separation payments of approximately $122 thousand to the affected workers.","length":348,"tagName":"p"},{"type":"text","content":"For the three months ended March 31, 2026, our net loss was $4.2 million.","length":73,"tagName":"p"},{"type":"text","content":"Retractable reports the following results of operations for the three months ended March 31, 2026 and 2025, respectively. Further details concerning the results of operations, as well as other matters, are available in Retractable’s Form 10-Q filed on May 15, 2026 with the U.S Securities and Exchange Commission.","length":313,"tagName":"p"},{"type":"text","content":"Comparison of Three Months Ended March 31, 2026 and March 31, 2025","length":66,"tagName":"p","attribs":{}},{"...