secwatch.observer — SEC 8-K summary
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Issuer:     GULF RESOURCES, INC. (GURE)
CIK:        0000885462
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001193805-22-000798
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulf Resources Q1 revenues up 70% to $8.93M; operating loss cut 98% to $65K; to present 6-year plan by June
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- Net revenues $8.93M (+70% YoY); gross profit $4.38M (+306%); operating loss narrowed to $65K.
- Bromine revenue $8.13M (+69%); average price $8,086/tonne (+60.5%); utilization rate 19%.
- Crude salt revenue $754K (+68%); gross profit $124K; chemicals revenue $0, loss $513K.
- Cash $105.66M ($10.05/sh); operating cash flow $8.45M; shareholders' equity $288.07M ($27.39/sh).
- Company to provide 6-year financial plan by end of June 2022 via conference call; expects profitable remaining 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885462/000119380522000798/0001193805-22-000798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885462/000119380522000798/e621655_8k-gulf.htm
  HTML page:      https://secwatch.observer/filing/0001193805-22-000798

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer