Gulf Resources Q3 2024 revenue down 61.8% YoY, net loss $3.49M, cash drops to $11M

GULF RESOURCES, INC.

Revenue $2.24M (-61.8% YoY); net loss $3.49M ($0.33 loss per share).
Nine-month net loss $40.58M ($3.78 loss per share) vs $3.02M loss a year ago.
Cash fell to $11.24M from $72.22M at Dec 2023; spent $60.5M on new equipment, $29.2M loss on disposal.
Bromine revenue down 68% to $1.57M, operating loss $4.03M; crude salt revenue down 26%, loss $102,657.
Management cites auditor delays, postpones chemical factory development, seeks natural gas strategy.

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