IT Tech Packaging Q2 revenue surges 76.5% to $46.53M; net loss narrows to $0.45M

IT TECH PACKAGING, INC.

2021-Q2 EPS reported -$0.10 revenue$70,744,342

Revenue $46.53M (+76.5% YoY); net loss $(0.45)M vs $(0.98)M in prior-year quarter.
Gross margin fell to 6.5% from 9.7%; gross profit up 18.4% to $3.03M.
Operating income turned positive at $0.43M vs loss of $(0.80)M.
Offset printing paper revenue surged 469% to $7.18M; CMP revenue up 68.3%.

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