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Massive amounts of H5N1 vaccine would be needed if there’s a bird flu pandemic.
https://www.statnews.com/2024/04/24/h5n1-bird-flu-vaccine-preparedness/
Nice article on RVP! Too bad it's not with major media!! https://starlocalmedia.com/littleelmjournal/news/little-elm-company-thats-been-key-in-vaccine-distribution-is-about-to-expand-again/article_51db4bec-e02c-11eb-bdeb-5f4600f3c3d8.html
"Effective May 12, 2021 Retractable Technologies, Inc. entered into an amendment to the Technology Investment Agreement (originally awarded on July 1, 2020) with the U.S. Government providing for $27,365,232 in additional funding. The amendment calls for an increase in existing domestic manufacturing capabilities by a minimum of 50% in order to meet ongoing and future U.S. COVID-19 medical countermeasures demands. In order to satisfy this new objective, Retractable is directed to increase U.S. production of 1mL low dead space safety syringes by installing new assembly lines and further expanding a portion of its facilities in Little Elm, Texas. The scheduled end date for the modification effort is January 31, 2022."
Rvp earnings out looking good Source: Business Wire
Retractable Technologies, Inc. (NYSE American: RVP) reports that its operating income was $23.4 million in the first quarter of 2021, compared to operating income for the same period last year of $481 thousand. In comparison, the annual operating income for the prior two years was $24.1 million in 2020 and $3.0 million in 2019. During the first quarter of 2021, sales to the U.S. government were $37.8 million, representing 75.5% of the $50.1 million in first quarter revenues.
Additionally, Retractable disclosed in its Form 10-Q filed on May 17, 2021 that its promissory note pursuant to the Paycheck Protection Program was recently forgiven for the entire original principal amount of $1,363,000.
Retractable also reports the following results of operations for the three months ended March 31, 2021 and March 31, 2020, respectively.
PUNCTURE, a movie about RVP...
New patent approved : https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpmn/pmn.cfm?ID=K202325
Interesting. Companies don't sue their lawyers very often.
Locke Lord LLP and Roy Hardin
v. Retractable Technologies, Inc.
We have set the above cause for submission in the Court of Appeals, Fifth District of Texas at Dallas, via Zoom Web Conferencing on April 7, 2021 at 10:00 AM. The Clerk will send the Zoom Meeting ID and Password as a calendar invite in a separate email. Do not share the Zoom Meeting ID/Password to limit potential security and technical issues. The oral argument will be broadcast live to the Court’s YouTube Channel youtube.com/channel/UCPCfut.... The panel hearing the case will consist of Justice Schenck, Justice Reichek and Justice Carlyle, subject to change by the Court.
Here's a direct link to the hearing itself:
SOME 10-K HIGHLIGHTS:
EPS for 2020 = $0.80 per share. EPS for 2019 was $0.07.
Net income for 2020=$24,223,013. Net income for 2019=$3,148,234
Revs in 2019 were $41,797,000. Revs for 2020 are $81,862,453
As of December 31, 2020, our production and deliveries materially met or exceeded contract requirements despite the significant increase in demand.
"As of March 2021, the Company has substantially completed construction of expanded facilities consisting of approximately 27,800 square feet of additional controlled environment within existing properties and is expected to complete approximately 55,000 square feet of new warehouse space within the second quarter of 2021."
The estimated cost of the controlled environment within existing properties is $6.4 million. The increase from the original $6 million estimate is due to change orders and an expedited completion date in order to receive certain manufacturing equipment at an earlier date. The new warehouse space is estimated to cost $5.8 million. The cost of the controlled environment will be funded by the U.S. government under the TIA, while the cost of the new warehouse will be funded by the Company.
Challenges from the Significant Orders
In 2020, the U.S. government was a significant customer representing 39.0% ($31.6 million) of our net sales. With additional 2021 deliveries under the HHS Order plus the new February 2021 contract from the U.S. government, the U.S. government will likely continue to be a materially significant customer in 2021. This presents unusual challenges to our business. Our 2021 performance under these orders will be somewhat dependent upon our timely completion of expansions to our facility and machinery, which we cannot guarantee will occur according to schedule. Moreover, in light of the government’s significant volume requirements, we may not be able to maintain our usual service levels to our existing customers. HOWEVER, DURING 2020, WE NOT ONLY FULFILLED OBLIGATIONS UNDER THE GOVERNMENT'S ORDER, BUT WE ALSO INCREASED DELIVERY VOLUMES TO EXISTING CUSTOMERS. (Right on schedule!)
As of March 9, 2021, we had 182 employees. 178 of such employees were full time employees. Here's from the 10-Q for Q3: "During the third quarter of 2020, we hired 15 new full-time employees, predominantly as production line workers, and terminated several back office employees. "
On November 7, 2019, the Company filed a lawsuit in the 44th District Court of Dallas County, Texas (No. DC-19-17946) against Locke Lord, LLP and Roy Hardin in connection with their legal representation of the Company in its previous litigation against Becton, Dickinson and Company (“BD”). The Company alleges that the defendants breached their fiduciary duties, committed malpractice, and were negligent in their representation of the Company. The Company seeks actual and exemplary damages, disgorgement, costs, and interest. On October 6, 2020, the Court dismissed Defendants’ motion to dismiss, which order was appealed by the Defendants on October 9, 2020 to the Court of Appeals, Fifth District of Texas at Dallas. ORAL ARGUMENT FOR THE APPEAL HAS BEEN SET FOR APRIL 7, 2021.
$rvp $11.58 ^ 0.13 (1.14%)
Volume: 279,162 @03/26/21 8:00:00 PM EDT
$rvp $15.56 v -0.47 (-2.93%)
Volume: 458,395 @02/25/21 4:50:51 PM EST
There was another contract made a week ago.
This was a 2. To 5 dollar stock till that government contract it has seen huge gains
so this didn't go up, but instead went down 8% after they announced a 54 million plus deal with the government? lmao!
$rvp $19.25 ^ 1.43 (8.02%)
Volume: 1,483,358 @02/05/21 8:00:00 PM EST
$rvp $21.5 ^ 5.41 (33.62%)
Volume: 6,764,962 @02/01/21 4:58:53 PM EST
CLOSED AT $21.50 TODAY! YEEEEHAAAAA! Looking for $25 by EOW!
$rvp $12.13 ^ 0.38 (3.23%)
Volume: 1,474,367 @01/15/21 8:00:00 PM EST
$rvp $11.35 v -0.85 (-6.97%)
Volume: 1,992,608 @12/18/20 8:00:00 PM EST
$rvp $13.24 ^ 1.23 (10.24%)
Volume: 1,553,437 @11/23/20 4:36:46 PM EST
$rvp $10.06 ^ 1.67 (19.90%)
Volume: 1,665,840 @11/17/20 6:33:40 PM EST
It’s only just begun. Lol how is this stock so under the freaking radar.
$rvp $8.25 ? 0.0 (0.00%)
Volume: 301,047 @11/10/20 4:10:00 PM EST
$rvp $7.34 v -0.29 (-3.80%)
Volume: 314,158 @10/30/20 8:00:00 PM EDT
$rvp $7.6 ^ 0.43 (6.00%)
Volume: 656,922 @10/06/20 7:42:40 PM EDT
$rvp $5.96 ? 0.0 (0.00%)
Volume: 385,669 @09/11/20 8:00:00 PM EDT
$rvp $9.41 v -0.39 (-3.98%)
Volume: 668,217 @07/21/20 4:23:31 PM EDT
$rvp $9.56 v -0.24 (-2.45%)
Volume: 467,937 @07/21/20 1:48:18 PM EDT
This is one of the stock that is in Paul Mampilly recommends in his 100X Club paid service. This service only started in March, and I am religiously buying each of the recommendation. The portfolio is up 58% already.
$rvp $9.8 ^ 0.7 (7.69%)
Volume: 650,649 @07/20/20 4:59:44 PM EDT
$rvp $9.1 v -0.89 (-8.91%)
Volume: 1,228,061 @07/17/20 8:00:00 PM EDT
WOW! You're late with your stock price. I'm sure the world was waiting for your post! Great job with wasting time for everyone...as usual.
$rvp $9.99 ^ 1.38 (16.03%)
Volume: 2,449,846 @07/16/20 4:18:10 PM EDT
fung, this thing is energized! LOL Not sure how she'll trade tomorrow but I'm looking for new all time highs again next week.
RVP hit $10.48 today. Profit takers took it down some at the end but she set a new high today!
Geez! Thanks for reminding me how much money I left on the table here.