Retractable Technologies, Inc. reported total net sales of $10.4 million for the second quarter of 2025, a substantial 73.2% increase from $6.0 million in Q2 2024. The company's operating loss narrowed to $5.1 million, an improvement from a $5.8 million loss in the same period last year.
For the first half of 2025, net sales reached $18.7 million, up 37.5% from $13.6 million in H1 2024, while the operating loss widened to $9.8 million from $8.7 million. The net loss for Q2 2025 was $87 thousand, or less than $0.01 per share, significantly reduced from $14.2 million in Q2 2024.
Tariffs continue to materially impact results, with $561 thousand spent in Q2 2025 and $2.1 million in H1 2025. However, RVP significantly increased domestic production, with 38% of products manufactured in the U.S. in H1 2025, up from 9% in H1 2024. The company also received a $1.9 million litigation settlement in May 2025.
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