RETRACTABLE TECHNOLOGIES INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
RVP$0.56-1.0%Stored close · as of Nov 9, 2026
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CONDENSED STATEMENTS OF OPERATIONS
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Three Months · · Three Months · · Nine Months · · Nine Months · | |||||||||||||
| · September 30, 2024 · September 30, 2023 · September 30, 2024 · September 30, 2023 · | |||||||||||||
| Sales, net | | $10,346,857 | | $10,335,031 | | $23,975,584 | | $29,307,413 | | ||||
| Cost of sales: | | | | | | | | | | | | | |
| Cost of manufactured product | | 9,477,097 | | 5,219,962 | | 20,379,228 | | 19,522,722 | | ||||
| Royalty expense to shareholder | | 884,570 | | 794,388 | | 2,130,161 | | 2,217,575 | | ||||
| Total cost of sales | | 10,361,667 | | 6,014,350 | | 22,509,389 | | 21,740,297 | | ||||
| Gross profit (loss) | | (14,810) | | 4,320,681 | | 1,466,195 | | 7,567,116 | | ||||
| | | | | | | | | | | | | | |
| Operating expenses: | | | | | | | | | | | | | |
| Sales and marketing | | 1,749,123 | | 1,368,112 | | 4,658,465 | | 4,263,735 | | ||||
| Research and development | | 174,695 | | 150,957 | | 516,050 | | 419,475 | | ||||
| General and administrative | | 3,197,116 | | 3,737,479 | | 10,176,367 | | 11,592,965 | | ||||
| Total operating expenses | | 5,120,934 | | 5,256,548 | | 15,350,882 | | 16,276,175 | | ||||
| Loss from operations | | (5,135,744) | | (935,867) | | (13,884,687) | | (8,709,059) | | ||||
| | | | | | | | | | | | | | |
| Other income - TIA | | | 1,469,688 | | | 1,447,975 | | | 4,429,383 | | | 4,479,773 | |
| Unrealized gain (loss) on debt and equity securities | | | 1,449,825 | | | (6,538,568) | | | 1,402,660 | | | (11,298,207) | |
| Gain on sale of equity securities | | | — | | | — | | | — | | | 5,574,791 | |
| Interest and other income | | 293,550 | | 768,863 | | 855,387 | | 1,197,329 | | ||||
| Interest expense | | (30,489) | | (36,087) | | (95,789) | | (117,110) | | ||||
| Loss before income taxes | | (1,953,170) | | (5,293,684) | | (7,293,046) | | (8,872,483) | | ||||
| Provision (benefit) for income taxes | | (31,181) | | (1,233,188) | | 8,364,200 | | (1,934,393) | | ||||
| Net loss | | (1,921,989) | | (4,060,496) | | (15,657,246) | | (6,938,090) | | ||||
| Preferred Stock dividend requirements | | (57,611) | | (58,111) | | (172,832) | | (174,335) | | ||||
| Net loss applicable to common shareholders | | $(1,979,600) | | $(4,118,607) | | $(15,830,078) | | $(7,112,425) | | ||||
| | | | | | | | | | | | | | |
| Basic loss per share | | $(0.07) | | $(0.14) | | $(0.53) | | $(0.24) | | ||||
| | | | | | | | | | | | | | |
| Diluted loss per share | | $(0.07) | | $(0.14) | | $(0.53) | | $(0.24) | | ||||
| | | | | | | | | | | | | | |
| Weighted average common shares outstanding: | | | | | | | | | | | | | |
| Basic | | 29,937,159 | | 29,937,159 | | 29,937,159 | | 29,937,159 | | ||||
| Diluted | | 29,937,159 | | 29,937,159 | | 29,937,159 | | 29,937,159 | | ||||
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