---
schema_version: "secwatch.filing_event.v1"
accession: "0001193805-23-000733"
form_type: "8-K"
ticker: "GURE"
cik: "0000885462"
company_name: "GULF RESOURCES, INC."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:57:13.238533+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gulf Resources Q1 net loss widens to $557,747; bromine price drop hits margins

## Summary
- Revenue $9.30M, +4% YoY; net loss $557,747 vs loss $119,946; EPS -$0.05 vs -$0.01.
- Bromine segment gross margin fell to 27% from 52%; avg selling price $4,193/ton vs $8,082/ton.
- Operating loss $799,558 vs $65,087; cash from operations $4.83M vs $8.45M.
- Cash $115.77M ($11.10/share); book value $274.84M ($26.35/share); cash ~4x market cap.
- Chemical factory equipment expected by Q2/Q3 2023; installation/testing ~5–7 months after.

## SEC filing metadata
- accession: 0001193805-23-000733
- form_type: 8-K
- ticker: GURE
- cik: 0000885462
- company_name: GULF RESOURCES, INC.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885462/000119380523000733/0001193805-23-000733-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885462/000119380523000733/e618634_8k-gulf.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193805-23-000733
- JSON: https://secwatch.observer/filing/0001193805-23-000733.json
- Plain text: https://secwatch.observer/filing/0001193805-23-000733.txt

## Key facts
- Earnings Releases
  GULF RESOURCES, INC. reported three months ended March 31, 2023 results: revenue $9,302,007, net income ($557,747), EPS loss of $0.05.
  - Period: three months ended March 31, 2023
  - Revenue: $9,302,007
  - Net income: ($557,747)
  - EPS: loss of $0.05
  - Result: reported results
  source text: today announced financial results for the three months ended March 31, 2023. · Revenues: $9,302,007, representing an increase of 4% over the same period of 2022. · The Net Loss was ($557,747) compared to a net loss of ($119,946) for the same period last year. · Earnings per share were a loss of $0.05 versus a loss of $0.01 for the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885462/000119380523000733/0001193805-23-000733-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.