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General information

Country: UNITED STATES

Sector: Medical Instruments and Supplies

Retractable Technologies, Inc. manufactures and markets safety needle devices for the healthcare industry. The company is headquartered in Little Elm, Texas and currently employs 134 full-time employees. The firm markets VanishPoint and PatientSafe products. The VanishPoint products are designed specifically to prevent needle stick injuries and to prevent reuse. The VanishPoint safety products include tuberculin, insulin and allergy antigen VanishPoint syringes; 0.5mL, 1mL, 2mL, 3mL, 5mL and 10mL VanishPoint syringes, and the VanishPoint autodisable syringe. The company also sells the VanishPoint intravenous catheter, the VanishPoint blood collection tube holder and the VanishPoint blood collection set. The PatientSafe syringe reduces the risk of bloodstream infections resulting from catheter hub contamination. Its PatientSafe products include 3mL, 5mL, 10mL, 20mL, 30mL and 60mL syringes, and the PatientSafe Luer cap. Its product designs include retractable needle syringe designs, retractable needle designs and retractable needle dental syringe designs.
Website: retractable.com



Growth: Bad revenue growth rate -69.0%, there is slowdown compared to average historical growth rates 58.7%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +45.9%. On average the margin is decreasing unsteadily. Gross margin is normal, +27.2%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 2.5% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 24.6% higher than minimum and 91.0% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 4.9x by EV / Sales multiple , the company can be >100% undervalued

Insiders: For the last 3 months insiders bought company shares on $0.2 mln (0.435% of cap.)

Key Financials (Download financials)

Ticker: RVP
Share price, USD:  (+1.6%)1.2088
year average price 1.2387  


year start price 1.7700 2023-03-30

max close price 1.8900 2023-04-17

min close price 0.9700 2023-11-13

current price 1.2088 2024-03-28
Common stocks: 32 896 348

Dividend Yield:  0.0%
FCF Yield LTM: 2.5%
EV / LTM EBITDA: 0.4x
Last revenue growth (y/y):  -69.0%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  58.7%
Historical growth of EBITDA:  ---
EV / Sales: 0.2x
Margin (EBITDA LTM / Revenue): 45.9%
Fundamental value created in LTM:
Market Cap ($m): 40
Net Debt ($m): -18
EV (Enterprise Value): 22
Price to Book: 0.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol RVP RVP RVP RVP RVP RVP
reportedCurrency USD USD USD USD USD USD
cik 946 563 946 563 946 563 946 563 946 563 946 563
fillingDate 2023-11-14 2023-08-14 2023-05-15 2023-03-30 2022-11-14 2022-08-15
acceptedDate 2023-11-14 13:48:57 2023-08-14 13:54:39 2023-05-15 13:26:45 2023-03-30 16:39:21 2022-11-14 15:59:05 2022-08-15 15:12:17
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
revenue 10M 8M 11M 13M 23M 13M
costOfRevenue 6M 8M 8M 8M 18M 10M
grossProfit 4M 376 907 3M 4M 5M 4M
grossProfitRatio 0.418 0.047 0.261 0.339 0.205 0.272
researchAndDevelopmentExpenses 150 957 138 761 129 757 118 052 105 749 206 388
generalAndAdministrativeExpenses 4M 4M 4M 11M 4M 4M
sellingAndMarketingExpenses 1M 2M 1M 1M 1M 1M
sellingGeneralAndAdministrativeExpenses 5M 5M 5M 12M 5M 6M
otherExpenses 0 0 -2M -2M -861 850 0
operatingExpenses 4M 4M 4M 10M 5M 6M
costAndExpenses 10M 12M 12M 19M 23M 15M
interestIncome 768 863 218 651 209 815 -191 204 105 661 0
interestExpense 36 087 37 469 43 555 44 905 40 273 38 368
depreciationAndAmortization 2M 2M 2M 1M 1M 1M
ebitda 3M -1M 966 092 -5M 1M -957 983
ebitdaratio 0.312 -0.175 0.088 -0.357 0.064 -0.071
operatingIncome -935 867 -5M -972 829 -6M 276 892 -2M
operatingIncomeRatio -0.091 -0.631 -0.088 -0.469 0.012 -0.154
totalOtherIncomeExpensesNet -7M -1M 2M 3M -655 488 -3M
incomeBeforeTax -5M -5M 1M -3M -378 596 -5M
incomeBeforeTaxRatio -0.512 -0.602 0.111 -0.209 -0.016 -0.388
incomeTaxExpense -1M -932 122 230 917 2M -6M 2M
netIncome -4M -4M 990 972 -4M 5M -4M
netIncomeRatio -0.393 -0.485 0.090 -0.338 0.234 -0.271
eps -0.140 -0.130 0.033 -0.130 0.160 -0.110
epsdiluted -0.140 -0.130 0.033 -0.130 0.160 -0.110
weightedAverageShsOut 29M 30M 30M 33M 33M 33M
weightedAverageShsOutDil 30M 30M 30M 33M 33M 33M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol RVP RVP RVP RVP RVP RVP
reportedCurrency USD USD USD USD USD USD
cik 946 563 946 563 946 563 946 563 946 563 946 563
fillingDate 2023-11-14 2023-08-14 2023-05-15 2023-03-30 2022-11-14 2022-08-15
acceptedDate 2023-11-14 13:48:57 2023-08-14 13:54:39 2023-05-15 13:26:45 2023-03-30 16:39:21 2022-11-14 15:59:05 2022-08-15 15:12:17
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 11M 4M 6M 20M 13M 20M
shortTermInvestments 34M 40M 41M 30M 26M 4M
cashAndShortTermInvestments 45M 44M 47M 49M 40M 24M
netReceivables 9M 16M 17M 17M 33M 8M
inventory 22M 21M 22M 21M 19M 21M
otherCurrentAssets 1M 1M 2M 1M 767 281 35M
totalCurrentAssets 78M 83M 89M 89M 92M 88M
propertyPlantEquipmentNet 95M 97M 99M 100M 99M 97M
goodwill 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 28M 0 0
longTermInvestments 0 0 0 -28M 0 0
taxAssets 9M 7M 6M 7M 10M 10M
otherNonCurrentAssets 159 515 170 695 173 346 184 524 5674.000 5674.000
totalNonCurrentAssets 104M 104M 105M 107M 109M 106M
otherAssets 0 0 0 0 0 0
totalAssets 182M 187M 194M 196M 201M 194M
accountPayables 3M 4M 5M 6M 8M 9M
shortTermDebt 297 257 293 539 287 861 285 954 291 111 296 444
taxPayables 2M 1M 624 857 63 631 668 690 0
deferredRevenue 286 388 298 116 233 139 435 916 676 843 0
otherCurrentLiabilities 5M 5M 4M 5M 6M 7M
totalCurrentLiabilities 9M 9M 10M 12M 15M 16M
longTermDebt 1M 1M 1M 2M 2M 2M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 72M 73M 74M 75M 68M 74M
totalNonCurrentLiabilities 73M 74M 76M 77M 77M 76M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 0 0 0 0 0 0
totalLiabilities 82M 83M 86M 89M 92M 92M
preferredStock 232 445 232 445 232 445 232 445 232 445 0
commonStock 0 0 0 -13M -8M -8M
retainedEarnings 39M 43M 47M 46M 50M 45M
accumulatedOtherComprehensiveIncomeLoss -232 445 13M 0 0 0 0
othertotalStockholdersEquity 73M 47M 73M 73M 66M 66M
totalStockholdersEquity 99M 104M 107M 107M 109M 102M
totalEquity 99M 104M 107M 107M 109M 102M
totalLiabilitiesAndStockholdersEquity 182M 187M 194M 196M 201M 194M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 182M 187M 194M 196M 201M 194M
totalInvestments 34M 40M 41M 2M 26M 0
totalDebt 2M 2M 2M 2M 2M 2M
netDebt -10M -2M -5M -18M -12M -18M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol RVP RVP RVP RVP RVP RVP
reportedCurrency USD USD USD USD USD USD
cik 946 563 946 563 946 563 946 563 946 563 946 563
fillingDate 2023-11-14 2023-08-14 2023-05-15 2023-03-30 2022-11-14 2022-08-15
acceptedDate 2023-11-14 13:48:57 2023-08-14 13:54:39 2023-05-15 13:26:45 2023-03-30 16:39:21 2022-11-14 15:59:05 2022-08-15 15:12:17
calendarYear 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q3 Q2 Q1 Q4 Q3 Q2
netIncome -4M -4M 990 972 -4M 5M -4M
depreciationAndAmortization 2M 2M 2M 2M 1M 1M
deferredIncomeTax -1M -932 122 230 917 3M -325 593 -852 052
stockBasedCompensation 6M 2M 0 7M 1M 1M
changeInWorkingCapital 6M -466 362 -3M 9M -14M -6M
accountsReceivables -1M -908 759 -2M 13M -10M 12M
inventory -2M 1M -1M -2M 3M -2M
accountsPayables -188 072 -2M -1M -2M -1M -4M
otherWorkingCapital 9M 1M 4M 591 483 -6M 0
otherNonCashItems -1M -1M -3M -7M 529 399 0
netCashProvidedByOperatingActivities 8M -3M -4M 10M -6M -8M
investmentsInPropertyPlantAndEquipment -142 898 -88 855 -467 530 -3M -3M -6M
acquisitionsNet 414 614 166 019 0 4M 0 2M
purchasesOfInvestments -24M -28M -16M -2M -56 423 -12M
salesMaturitiesOfInvestments 24M 28M 7M 2M 0 0
otherInvestingActivites -414 614 -166 019 0 -4M 0 -2M
netCashUsedForInvestingActivites -557 512 -254 874 -10M -3M -3M -18M
debtRepayment -70 643 -68 650 -70 496 -70 272 -70 814 -71 595
commonStockIssued 0 0 0 13 800 0 0
commonStockRepurchased 0 0 -1M -5M 0 830 657
dividendsPaid -58 110 -58 112 -58 111 -58 111 -58 112 -58 111
otherFinancingActivites 0 1M 1M 4M 3M 3M
netCashUsedProvidedByFinancingActivities -128 753 1M -57 407 -831 200 3M 3M
effectOfForexChangesOnCash -11M 0 0 0 0 0
netChangeInCash 7M -2M -13M 6M -7M -23M
cashAtEndOfPeriod 11M 4M 6M 20M 13M 20M
cashAtBeginningOfPeriod 4M 6M 20M 13M 20M 43M
operatingCashFlow 8M -3M -4M 10M -6M -8M
capitalExpenditure -142 898 -88 855 -467 530 -3M -3M -6M
freeCashFlow 8M -3M -4M 7M -10M -14M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2023-12-29 18:06 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2023-12-01 22:26 ET
Retractable Technologies, Inc. Not Impacted by FDA Safety Communication
2023-11-14 21:46 ET
Retractable Technologies, Inc. Results for the Periods Ended September 30, 2023
2023-09-29 15:48 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2023-08-14 18:51 ET
Retractable Technologies, Inc. Results for the Period Ended June 30, 2023
2023-06-30 17:12 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2023-05-15 21:16 ET
Retractable Technologies, Inc. Results for the Period Ended March 31, 2023
2023-03-31 16:51 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2023-03-30 21:33 ET
Retractable Technologies, Inc. Reports Results For 2022
2023-03-27 21:36 ET
Retractable Technologies, Inc. Announces Workforce Reduction
2022-12-29 20:09 ET
Retractable Technologies, Inc. Reports Private Stock Repurchase
2022-12-28 21:41 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2022-12-15 18:09 ET
Retractable Technologies, Inc. Reports Stock Price Anomalies
2022-11-14 21:57 ET
Retractable Technologies, Inc. Results for the Periods Ended September 30, 2022
2022-09-30 18:35 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2022-08-15 21:06 ET
Retractable Technologies, Inc. Results for the Periods Ended June 30, 2022
2022-06-30 17:14 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2022-06-06 20:24 ET
Retractable Technologies, Inc. Announces Reduction in Workforce
2022-05-17 16:53 ET
Retractable Technologies, Inc. Reports $9.7 Million in Operating Income for the First Three Months Of 2022
2022-04-18 21:06 ET
Retractable Technologies, Inc. Announces Termination of Buyback Plan
2022-03-31 20:00 ET
Retractable Technologies, Inc. Reports Results for 2021
2022-03-31 19:49 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2021-12-29 17:28 ET
Retractable Technologies, Inc. Declares Dividends to Series II and III Class B Preferred Stock Shareholders
2021-11-16 17:58 ET
Retractable Technologies, Inc. Reports $44.1 Million in Operating Income for the First Nine Months Of 2021
2021-09-30 16:46 ET
Retractable Technologies, Inc. Declares Dividends to Series II Class B Convertible Preferred Stock Shareholders
2021-08-17 16:38 ET
Retractable Technologies, Inc. Reports $36.1 Million in Operating Income for the First Six Months Of 2021
2021-06-07 16:45 ET
Retractable Technologies, Inc. Announces Buyback Plan and Payment of All Dividends
2021-06-03 17:14 ET
Retractable Technologies, Inc. Amends HHS Delivery Order
2021-06-01 17:35 ET
Retractable Technologies, Inc. Receives Notice of Intent to Extend Government Contract
2021-05-25 19:35 ET
Retractable Technologies, Inc. to Receive Additional Funding From U.S. Government Under Technology Investment Agreement
2021-05-17 20:48 ET
Retractable Technologies, Inc. Reports $23.4 Million in Operating Income for First Quarter Of 2021
2021-04-19 16:20 ET
Retractable Technologies, Inc. Receives Notice of Intent to Extend Government Contract
2021-04-01 15:29 ET
Retractable Technologies, Inc. Declares Dividends to Series II Class B Convertible Preferred Stock Shareholders
2021-04-01 15:23 ET
Retractable Technologies, Inc. Reports Results For 2020
2021-01-08 19:32 ET
Retractable Technologies, Inc. Declares Dividends to Series I and II Class B Convertible Preferred Stock Shareholders
2020-11-18 17:46 ET
Retractable Technologies, Inc. Reports Increased Income and Sales for Third Quarter Of 2020
2020-09-30 15:58 ET
Retractable Technologies, Inc. Declares Dividends to Series I and II Class B Convertible Preferred Stock Shareholders
2020-08-17 15:43 ET
Retractable Technologies, Inc. Reports Increased Income and Sales for Second Quarter Of 2020
2020-06-30 16:17 ET
Retractable Technologies, Inc. Declares Dividends to Series I and II Class B Convertible Preferred Stock Shareholders
2020-06-05 16:38 ET
Retractable Technologies, Inc. to Host Virtual Annual Meeting of Shareholders
2020-05-18 16:08 ET
Retractable Technologies, Inc. Reports Operating Income and Increased Sales for First Quarter Of 2020
2020-04-30 19:49 ET
Retractable Technologies, Inc. Reports Change to Meeting Date
2020-03-31 17:41 ET
Retractable Technologies, Inc. Declares Dividends to Series I and II Class B Convertible Preferred Stock Shareholders
2020-03-31 17:29 ET
Retractable Technologies, Inc. Reports Results For 2019
2019-12-23 17:16 ET
Retractable Technologies, Inc. Declares Dividends to Series I and II Class B Preferred Stock Shareholders
2019-11-15 17:25 ET
Retractable Technologies, Inc. Reports Operating Income and Increased Sales for Third Quarter 2019

SEC forms

Show financial reports only

SEC form 10
2023-11-14 13:48 ET
Retractable Technologies reported for 2023 q3
SEC form 10
2023-11-14 00:00 ET
Retractable Technologies reported for 2023 q3
SEC form 6
2023-08-14 15:41 ET
Retractable Technologies reported for 2023 q2
SEC form 10
2023-08-14 13:54 ET
Retractable Technologies reported for 2023 q2
SEC form 10
2023-08-14 00:00 ET
Retractable Technologies reported for 2023 q2
SEC form 6
2023-06-30 13:58 ET
Retractable Technologies published news for 2023 q1
SEC form 6
2023-05-16 14:47 ET
Retractable Technologies reported for 2023 q1
SEC form 10
2023-05-15 13:26 ET
Retractable Technologies reported for 2023 q1
SEC form 10
2023-05-15 00:00 ET
Retractable Technologies reported for 2023 q1
SEC form 6
2023-05-11 14:49 ET
Retractable Technologies published news for 2023 q1
SEC form 6
2023-04-03 09:00 ET
Retractable Technologies published news for 2023 q1
SEC form 10
2023-03-30 16:39 ET
Retractable Technologies reported for 2022 q4
SEC form 6
2023-03-30 16:31 ET
Retractable Technologies published news for 2022 q4
SEC form 10
2023-03-30 00:00 ET
Retractable Technologies reported for 2022 q4
SEC form 6
2023-03-28 10:55 ET
Retractable Technologies published news for 2022 q4
SEC form 6
2022-12-29 15:21 ET
Retractable Technologies published news for 2022 q3
SEC form 6
2022-12-19 15:39 ET
Retractable Technologies published news for 2022 q3
SEC form 6
2022-11-14 17:18 ET
Retractable Technologies published news for 2022 q3
SEC form 10
2022-11-14 15:59 ET
Retractable Technologies reported for 2022 q3
SEC form 10
2022-11-14 00:00 ET
Retractable Technologies reported for 2022 q3
SEC form 6
2022-09-30 15:04 ET
Retractable Technologies published news for 2022 q2
SEC form 6
2022-08-15 18:00 ET
Retractable Technologies published news for 2022 q2
SEC form 10
2022-08-15 15:12 ET
Retractable Technologies reported for 2022 q2
SEC form 10
2022-08-15 00:00 ET
Retractable Technologies reported for 2022 q2
SEC form 6
2022-07-01 10:01 ET
Retractable Technologies published news for 2022 q2
SEC form 6
2022-06-08 06:03 ET
Retractable Technologies published news for 2022 q1
SEC form 6
2022-05-17 13:38 ET
Retractable Technologies published news for 2022 q1
SEC form 10
2022-05-16 17:13 ET
Retractable Technologies reported for 2022 q1
SEC form 10
2022-05-16 00:00 ET
Retractable Technologies reported for 2022 q1
SEC form 6
2022-05-12 11:22 ET
Retractable Technologies published news for 2022 q1
SEC form 6
2022-04-19 12:38 ET
Retractable Technologies published news for 2022 q1
SEC form 6
2022-04-01 10:15 ET
Retractable Technologies published news for 2022 q1
SEC form 10
2022-03-31 15:20 ET
Retractable Technologies published news for 2021 q4
SEC form 6
2022-03-31 14:17 ET
Retractable Technologies published news for 2021 q4
SEC form 10
2022-03-31 00:00 ET
Retractable Technologies published news for 2021 q4
SEC form 6
2021-12-29 13:23 ET
Retractable Technologies published news for 2021 q3
SEC form 6
2021-11-24 09:50 ET
Retractable Technologies published news for 2021 q3
SEC form 6
2021-11-18 10:37 ET
Retractable Technologies published news for 2021 q3
SEC form 10
2021-11-15 15:30 ET
Retractable Technologies published news for 2021 q3
SEC form 10
2021-11-15 00:00 ET
Retractable Technologies published news for 2021 q3
SEC form 6
2021-09-30 13:05 ET
Retractable Technologies published news for 2021 q2
SEC form 6
2021-08-17 14:53 ET
Retractable Technologies published news for 2021 q2
SEC form 10
2021-08-16 16:01 ET
Retractable Technologies published news for 2021 q2
SEC form 10
2021-08-16 00:00 ET
Retractable Technologies published news for 2021 q2
SEC form 6
2021-08-03 14:16 ET
Retractable Technologies published news for 2021 q2
SEC form 6
2021-06-09 11:52 ET
Retractable Technologies published news for 2021 q1
SEC form 6
2021-06-03 16:21 ET
Retractable Technologies published news for 2021 q1
SEC form 6
2021-05-19 15:34 ET
Retractable Technologies published news for 2021 q1
SEC form 10
2021-05-17 16:22 ET
Retractable Technologies published news for 2021 q1
SEC form 10
2021-05-17 00:00 ET
Retractable Technologies published news for 2021 q1
SEC form 6
2021-05-12 15:13 ET
Retractable Technologies published news for 2021 q1
SEC form 6
2021-04-19 14:19 ET
Retractable Technologies published news for 2021 q1
SEC form 6
2021-04-01 12:21 ET
Retractable Technologies published news for 2021 q1
SEC form 10
2021-03-31 14:17 ET
Retractable Technologies published news for 2020 q4
SEC form 6
2021-03-31 12:18 ET
Retractable Technologies published news for 2020 q4
SEC form 6
2021-03-22 15:53 ET
Retractable Technologies published news for 2020 q4
SEC form 6
2021-02-16 16:16 ET
Retractable Technologies published news for 2020 q4
SEC form 6
2021-01-11 12:02 ET
Retractable Technologies published news for 2020 q4
SEC form 6
2020-12-01 15:38 ET
Retractable Technologies published news for 2020 q3
SEC form 6
2020-11-18 13:49 ET
Retractable Technologies published news for 2020 q3
SEC form 10
2020-11-16 15:59 ET
Retractable Technologies published news for 2020 q3
SEC form 6
2020-10-05 14:51 ET
Retractable Technologies published news for 2020 q3
SEC form 6
2020-09-30 13:15 ET
Retractable Technologies published news for 2020 q2