Filing Flows › Retractable Technologies (RVP) › Q4 2024
Retractable Technologies (RVP) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
Retractable Technologies (RVP) reported revenue of $9.1M for the fourth quarter 2024 (Q4 2024), -36% from a year earlier and -12% from the quarter before. Operating margin was -79.6%, net earnings $3.8M (41.6% of revenue).
Retractable Technologies, Q4 2024: revenue $9.1M (-36% year over year), operating margin -79.6%, net earnings $3.8M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1M | -12% | -36% |
| Operating profit | −$7.2M | — | — |
| Net earnings | $3.8M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $9.1M in Q4 2024, down 36% year over year and down 12% from the previous quarter. Syringes was the largest line at 63% of revenue.
Operating costs exceeded revenue by $7.2M, an operating margin of -79.6%. The fastest-growing cost line was General & admin (+24%). Net earnings were $3.8M. The effective tax rate was 0.1%. Non-operating items added $11.0M, 291% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.1M. Non-cash charges added back $1.9M of depreciation and amortization. Working capital and other items used $6.8M. Capital expenditures of $298K exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Retractable Technologies' revenue in the fourth quarter 2024?
Retractable Technologies (RVP) reported revenue of $9.1M for the fourth quarter 2024 (Q4 2024), -36% from a year earlier and -12% from the quarter before.
Was Retractable Technologies profitable in the fourth quarter 2024?
Operating loss was $7.2M (-79.6% of revenue) and net earnings $3.8M.