earnings
confidence high
sentiment positive
materiality 0.75
IT Tech Packaging Q4 net income $4.16M, revenue $45.05M (+38.7% YoY)
IT TECH PACKAGING, INC.
- Revenue $45.05M (+38.7% YoY), led by 59% increase in CMP product sales.
- Net income $4.16M ($0.07 EPS) vs net loss of $1.62M (-$0.06 EPS) in Q4 2020.
- EBITDA $8.66M (+229.3%); gross margin improved to 9.6% from 2.3%.
- FY2021 revenue $160.88M (+59% YoY); gross profit $11.02M (+93% YoY).
- Selling, general & administrative expenses fell 12% to $2.4M in Q4.