Retractable Technologies, Inc. (NYSE American: RVP) reports the following results of operations for the three and nine months ending September 30 2018
Domestic sales accounted for 88.7% and 80.3% of the revenues for the three months ended September 30, 2018 and 2017, respectively.
Domestic revenues increased 4.7% principally due to sales of EasyPoint needles.
Domestic unit sales increased 19.7%. Domestic unit sales were 85.8% of total unit sales for the three months ended September 30, 2018.
International revenue and unit sales decreased 45.7% and 49.6%, respectively, due to decreased volumes. Our international orders may be subject to significant fluctuation
The Cost of manufactured product decreased by 1.6% principally due to lower average cost. Profit margins can fluctuate depending upon, among other things, the cost of manufactured product and the capitalized cost of product recorded in inventory, as well as product sales mix.
Royalty expense increased 1.9% due to higher gross sales.
Our operating loss was $60,226 compared to an operating loss for the same period last year of $32,858 due primarily to lower gross profit mitigated by lower operating…
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Source: US SEC
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