Retractable Technologies Inc. reported total net sales of $10.1 million for the third quarter of 2025, compared to $10.3 million in the same period last year. The company recorded an operating loss of $3.7 million for the quarter, an improvement from a $5.1 million operating loss in the third quarter of 2024. Net income for the quarter was $0.4 million, including $2.4 million in unrealized gains on third party debt and equity investments. For the first nine months of 2025, net sales were $28.8 million and operating losses totaled $13.5 million, compared to net revenues of $24.0 million and operating losses of $13.9 million in the same period of 2024. Net loss for the nine-month period was $10.2 million, which included $3.2 million in unrealized losses on third party investments and $1.9 million in settlement proceeds. International revenues rose 38.1% for the first nine months of 2025, though the average international selling price per unit declined due to a shift in product mix. Overall, unit sales increased 25.5% for the nine months but decreased 12.4% for the quarter. Cost of manufactured product increased 22.1% for the nine months, while tariff expenses totaled $0.2 million in the third quarter. Operating expenses increased 4.3%, primarily due to product donations and higher bad debt expense.