earnings
confidence high
sentiment negative
materiality 0.65
Gulf Resources Q1 net loss $4.6M, revenue up 23% to $1.6M; bromine prices spike 45%
GULF RESOURCES, INC.
- Net loss per share ($0.40) vs. ($0.37); operating loss improved 13% to ($4.6M).
- Bromine revenue up 29% to $1.48M; 402 tonnes sold vs. 451; avg price $3,684/tonne (+45%).
- Crude salt revenue $122,578 (+5%); 4,733 tonnes sold; gross margin 50% vs. 60%.
- Cash fell to $8.5M from $10.1M at Dec 2024; net cash used in ops $1.58M.
- Management eyes chemical JV and natural gas talks in Sichuan; no immediate path to chemical profitability.