Retractable Tech Releases New 3Q Numbers After Error
Retractable Technologies (NYSE:RVP) released new numbers from its 3rd quarter, as well as restating its cash on hand and other balance sheet info today.
The new earnings info came after the company said it discovered an error in the amount of raw materials detailed in its subsidiary ledger.
The error was in relation to an understatement in raw materials inventories of $596,000, as well as cost of goods sold being overstated by the same amount, according to an SEC filing.
The new earnings info came after the company said it discovered an error in the amount of raw materials detailed in its subsidiary ledger.
The error was in relation to an understatement in raw materials inventories of $596,000, as well as cost of goods sold being overstated by the same amount, according to an SEC filing.