secwatch.observer — SEC 8-K summary
======================================

Issuer:     GULF RESOURCES, INC. (GURE)
CIK:        0000885462
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001193805-23-000733
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885462/000119380523000733/0001193805-23-000733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885462/000119380523000733/e618634_8k-gulf.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-000733

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