Retractable Technologies Inc. (RVP) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
511 LOBO LANE LITTLE ELM, TX 75068-0009 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3841 - Surgical and Medical Instruments and Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 12,668 | 19,721 | 42,432 | 25,649 | 13,706 | 10,644 | |||
| Cash and cash equivalents | 12,668 | 19,721 | 29,163 | 17,567 | 5,935 | 9,647 | |||
| Short-term investments | 13,269 | 8,082 | 7,772 | 996 | |||||
| Receivables | 11,827 | 17,480 | 40,784 | 32,911 | 6,564 | 5,013 | |||
| Inventory, net of allowances, customer advances and progress billings | 17,581 | 20,684 | 20,590 | 10,235 | 7,451 | 7,545 | |||
| Inventory | 17,581 | 20,684 | 20,590 | 10,235 | 7,451 | 7,545 | |||
| Prepaid expense | 4 | ||||||||
| Other current assets | 953 | 1,262 | 702 | 684 | 635 | 645 | |||
| Other undisclosed current assets | 34,621 | 29,657 | 50 | ||||||
| Total current assets: | 77,650 | 88,810 | 104,507 | 69,478 | 28,407 | 23,847 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 39 | 82 | ✕ | ||||||
| Nontrade receivables | 50 | 101 | |||||||
| Property, plant and equipment | 93,479 | 100,153 | 87,926 | 30,817 | 10,632 | 10,852 | |||
| Long-term investments and receivables | 1,990 | ||||||||
| Long-term investments | 1,990 | ||||||||
| Deferred income tax assets | 8,392 | 6,519 | 13,866 | 4,631 | ✕ | ||||
| Other undisclosed noncurrent assets | 152 | 185 | 6 | 6 | 6 | 3 | |||
| Total noncurrent assets: | 102,023 | 106,856 | 101,797 | 35,492 | 10,771 | 12,945 | |||
| TOTAL ASSETS: | 179,672 | 195,666 | 206,305 | 104,971 | 39,178 | 36,792 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 9,074 | 11,850 | 35,036 | 26,871 | 7,996 | 8,132 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 1,438 | 49 | 55 | 55 | ||
| Taxes payable | ✕ | ✕ | ✕ | 4,960 | 4,366 | 18 | 10 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,057 | 827 | 607 | 541 | ||
| Accounts payable | 4,779 | 6,405 | 20,405 | 16,256 | 5,008 | 5,370 | |||
| Accrued liabilities | 4,294 | 5,445 | 7,176 | 5,373 | 2,309 | 2,157 | |||
| Debt | 304 | 286 | 289 | 1,031 | 261 | 406 | |||
| Total current liabilities: | 9,377 | 12,136 | 35,325 | 27,902 | 8,257 | 8,539 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,234 | 1,533 | 1,814 | 2,710 | 2,378 | 2,640 | |||
| Long-term debt, excluding current maturities | 1,234 | 1,533 | 1,814 | 2,710 | 2,378 | 2,640 | |||
| Liabilities, other than long-term debt | 69,774 | 75,460 | 69,996 | 24,479 | |||||
| Other liabilities | 69,774 | 75,460 | 69,996 | 24,479 | |||||
| Total noncurrent liabilities: | 71,007 | 76,993 | 71,811 | 27,189 | 2,378 | 2,640 | |||
| Total liabilities: | 80,385 | 89,129 | 107,135 | 55,091 | 10,635 | 11,178 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 99,288 | 106,537 | 99,169 | 49,880 | 28,542 | 25,614 | |||
| Treasury stock, value | (12,889) | (12,889) | (5,271) | ||||||
| Additional paid in capital | 73,160 | 73,165 | 63,025 | 59,285 | 61,661 | 61,872 | |||
| Retained earnings (accumulated deficit) | 38,786 | 46,029 | 41,182 | (9,668) | (33,891) | (37,039) | |||
| Other undisclosed equity, attributable to parent | 230 | 232 | 232 | 263 | 773 | 781 | |||
| Total equity: | 99,288 | 106,537 | 99,169 | 49,880 | 28,542 | 25,614 | |||
| TOTAL LIABILITIES AND EQUITY: | 179,672 | 195,666 | 206,305 | 104,971 | 39,178 | 36,792 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 43,597 | 94,819 | 188,382 | 81,862 | 41,797 | 33,275 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (34,489) | (66,566) | (93,030) | (44,854) | (27,659) | (23,053) | ||
| Gross profit: | 9,108 | 28,253 | 95,353 | 37,008 | 14,138 | 10,222 | ||
| Operating expenses | (20,596) | (29,106) | (22,757) | (12,938) | (11,166) | (11,803) | ||
| Other undisclosed operating income | 261 | |||||||
| Operating income (loss): | (11,488) | (853) | 72,595 | 24,071 | 2,972 | (1,320) | ||
| Nonoperating income (Investment Income, Nonoperating) | 2,263 | 351 | 144 | |||||
| Interest and debt expense | (152) | (171) | 1,150 | (260) | (167) | (177) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,640) | (1,024) | 73,746 | 26,073 | 3,156 | (1,353) | ||
| Other undisclosed income from continuing operations before income taxes | 2,724 | 6,186 | 1,205 | |||||
| Income (loss) from continuing operations before income taxes: | (8,916) | 5,162 | 74,951 | 26,073 | 3,156 | (1,353) | ||
| Income tax expense (benefit) | 1,905 | (84) | (18,887) | (1,850) | (8) | 13 | ||
| Income (loss) from continuing operations: | (7,011) | 5,079 | 56,064 | 24,223 | 3,148 | (1,340) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 56,064 | 24,223 | 3,148 | (1,340) | |
| Net income (loss) attributable to parent: | (7,011) | 5,079 | 56,064 | 24,223 | 3,148 | (1,340) | ||
| Preferred stock dividends and other adjustments | (232) | (232) | (242) | (574) | (703) | (705) | ||
| Other undisclosed net income available to common stockholders, basic | 2,976 | |||||||
| Net income (loss) available to common stockholders, diluted: | (7,243) | 4,846 | 55,823 | 26,625 | 2,446 | (2,045) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (7,011) | 5,079 | 56,064 | 24,223 | 3,148 | (1,340) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (7,011) | 5,079 | 56,064 | 24,223 | 3,148 | (1,340) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.