secwatch / observer
8-K filed November 20, 2023, 6:59 PM ET ticker GURE CIK 0000885462
earnings confidence high sentiment negative materiality 0.75

Gulf Resources Q3 revenue down 74%, net loss of $1.78M on weak bromine pricing

GULF RESOURCES, INC.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GULF RESOURCES, INC. reported three months ended September 30, 2023 results: revenue $5,865,615, net income loss of $1,775,797, EPS ($0.17).

Period
three months ended September 30, 2023
Revenue
$5,865,615
Net income
loss of $1,775,797
EPS
($0.17)
Result
reported results
Exact text from the filing
share. · Shareholders’ equity was $260,723,332 or $24.99* per share. Results for the Three Months Ended Sept. 30,2023 In the third quarter of 2023, revenue declined by 74% to $5,865,615 from $22,862,795. Specifically, Bromine revenues decreased by 75% to $4,908,152 from $19,845,773. The decrease in net revenues was primarily due to a 43% reduction in the volume
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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GULF RESOURCES, INC. reported nine months ended September 30, 2023 results: revenue $23,173,404, net income loss of ($3,015,360), EPS ($0.29).

Period
nine months ended September 30, 2023
Revenue
$23,173,404
Net income
loss of ($3,015,360)
EPS
($0.29)
Result
reported results
Exact text from the filing
the net loss per share was ($0.17*) compared to a net profit of $0.86*. Results for the 9 months Ended Sept. 30, 2023 Revenues over the 9 months declined by 51%, decreasing to $23,173,404 from $47,505,246. Specifically, bromine revenues also fell by 51% to $20,734,871 from $41,865,598. Notably, there was a 9% increase in bromine tonnes sold, reflecting the addition
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GULF RESOURCES, INC. filing history →

Source: SEC EDGAR
accession 0001193805-23-001516
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