secwatch.observer — SEC 8-K summary
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Issuer:     GULF RESOURCES, INC. (GURE)
CIK:        0000885462
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001193805-24-001397
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885462/000119380524001397/0001193805-24-001397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885462/000119380524001397/e664038_8k-gulfresources.htm
  HTML page:      https://secwatch.observer/filing/0001193805-24-001397

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