Retractable Technologies, Inc. (NYSE:RVP)

Monday, May 4, 2020

Research

Retractable Technologies, Inc. (NYSE:RVP) ($3.64; $120.7M market cap), a company that designs, develops, manufactures, and markets safety syringes and other medical products for the healthcare industry in the United States and internationally saw its shares soar to new highs yesterday on a government contract for procuring needles and syringes for COVID-19. 

On March 30, 2020 we issued the following tweet:

This morning, in an updated post on this official government site, we noticed that the full amount of this contract has been exercised.

Based on information from the site, it seems like the duration of  contract is one to 3 years:

With trailing twelve month sales of $41.8 million, the $83.7 million is a significant amount of potential revenue for the company if the entire contract is fulfilled.



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