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Last $3.81 USD
Change Today -0.06 / -1.55%
Volume 17.2K
As of 8:04 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

retractable technologies inc (RVP) Snapshot

Open
$3.91
Previous Close
$3.87
Day High
$3.93
Day Low
$3.80
52 Week High
02/12/15 - $5.70
52 Week Low
06/30/14 - $2.50
Market Cap
104.7M
Average Volume 10 Days
28.6K
EPS TTM
$-0.20
Shares Outstanding
27.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RETRACTABLE TECHNOLOGIES INC (RVP)

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retractable technologies inc (RVP) Details

Retractable Technologies, Inc. designs, develops, manufactures, and markets safety syringes and other safety medical products for the healthcare industry in the United States and internationally. The company’s products include VanishPoint 0.5mL insulin syringes; 1mL tuberculin, insulin, and allergy antigen syringes; 0.5mL, 2mL, 3mL, 5mL, and 10mL syringes; small diameter tube adapters; blood collection tube holder; allergy trays; IV safety catheters; Patient Safe syringes; Patient Safe Luer Caps; and VanishPoint blood collection sets, as well as autodisable syringes. It serves healthcare providers, such as acute care hospitals, alternate care facilities, doctors’ offices, clinics, emergency centers, surgical centers, convalescent hospitals, veterans administration facilities, military organizations, public health facilities, and prisons. The company distributes its products through a direct marketing network; and general line and specialty distributors, as well as through international distributors. Retractable Technologies, Inc. was founded in 1994 and is headquartered in Little Elm, Texas.

154 Employees
Last Reported Date: 03/31/14
Founded in 1994

retractable technologies inc (RVP) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $420.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $265.5K
Vice President, General Counsel and Secretary
Total Annual Compensation: $320.7K
Executive Vice President of Engineering & Pro...
Total Annual Compensation: $265.5K
Vice President of Sales Development
Total Annual Compensation: $143.4K
Compensation as of Fiscal Year 2013.

retractable technologies inc (RVP) Key Developments

Retractable Technologies, Inc. Announces Resignation of Clarence Zierhut from Board of Directors

On February 2, 2015, Clarence Zierhut, an independent Director, resigned from the Board of Directors of Retractable Technologies, Inc.

Retractable Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Retractable Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported net income is the result of increased revenues attributable to higher volumes and higher average sales prices. This improvement in sales, along with cost-cutting measures taken earlier in the year, resulted in its achieving profitability this quarter. This third quarter improvement in cash flows over the previous two quarters is the result of improved gross profit and lower operating expenses attributable to cost cutting measures. Gain from operations of $421,000 compared to an operating loss for the same period last year of $825,000 due primarily to improved sales volumes. For the nine months, the company reported gross profit decreased 1.0%. Approximately $3.9 million in cash flow in the nine months ended September 30, 2014 was used by operating activities. For the nine months ended September 30, 2014, net cash used by operating activities was $3.8 million, an increase of cash used by operations of $100,000. Operating loss was $2.9 million compared to an operating loss for the same period last year of $4.6 million due primarily to reduced expenses.

District Court Issues Order Granting Retractable Technologies, Inc. Injunctive Relief Under the Lanham Act

Retractable Technologies, Inc. announced that Judge Leonard Davis of the United States District Court for the Eastern District of Texas issued an order on November 10, 2014 granting in part and denying in part RTI's motion to recover profits, injunctive relief and attorneys' fees. The Court found that the remedy of disgorgement of a portion of Becton Dickinson's profits was appropriate but the $340,524,042 trebled antitrust damages awarded by the jury was a sufficient disgorgement. The Court determined that the public interest in truthful information and advertising favored disgorgement because "BD's false advertising resulted in an artificially inflated price for BD syringes, but also lowered the number of RTI syringes in the marketplace." The Court also granted injunctive relief having found that BD's business practices limited innovation and "BD's false advertisements suppressed sales of the VanishPoint(R), thereby preventing the market from full access to this innovative product." The Court ordered specific injunctive relief to take effect no later than January 15, 2015. The specific injunctive relief includes: enjoining BD from the use of the "World's Sharpest Needle" or any similar assertion of superior sharpness; requiring BD to notify all customers who purchased BD syringe products from July 2, 2004 to date that BD wrongfully claimed that its syringe needles were sharper and that its statement that it had "data on file" was false and misleading; requiring BD to notify all employees, customers, distributors, Group Purchasing Organizations ("GPOs"), and government agencies that the dead space of the VanishPoint(R) has been within ISO standards since 2004 and that BD overstated the dead space of the VanishPoint(R) to represent that it was higher than some of BD's syringes when it was actually less, and that BD's statement that it had "data on file" was false and misleading, and, in addition, posting this notice on its website for a period of three years; enjoining BD from advertising that its syringe products save medication as compared to VanishPoint(R) products for a period of three years; requiring notification to all employees, customers, distributors, GPOs, and government agencies that BD's website, cost calculator, printed materials, and oral representations alleging BD's syringes save medication as compared to the VanishPoint(R) were based on false and inaccurate measurement of the VanishPoint(R), and, in addition, posting this notice on its website for a period of three years; and requiring the implementation of a comprehensive training program for BD employees and distributors that specifically instructs them not to use old marketing materials and not to make false representations regarding VanishPoint(R) syringes.

 

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Becton Dickinson and Co $145.64 USD +1.05
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Industry Analysis

RVP

Industry Average

Valuation RVP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.5x
Price/Book 4.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.6x
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