Physician Law Weekly
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Retractable Technologies, Inc.
Maker of safety needle devices reports lower operating loss in first quarter
June 22nd, 2005
Retractable Technologies, Inc. (RVP), a maker of safety needle devices, reported that its operating loss dropped by more than half to $1 million in the 3 months ended March 31, 2005, largely because of improved profit margins and lower legal expenses. The improved profit margins are attributable to the lower cost per unit caused by the increased number of units produced by the company in the U.S. and China during the fourth quarter of 2004 and sold in the first quarter of 2005. Legal expenses were also lower. These lower expenses, however, were partially offset by higher sales and marketing expenses. The lower operating loss, higher interest income,...
Source: Physician Law Weekly (2005-06-22)
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