secwatch.observer — SEC 8-K summary
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Issuer:     IT TECH PACKAGING, INC. (ITP)
CIK:        0001358190
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001213900-22-025241
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IT Tech Packaging Q1 2022 revenue falls 36% to $15.5M; net loss $2.5M
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- Revenue $15.48M, down 36.1% YoY; net loss $2.49M (EPS -$0.03) vs loss $4.34M last year.
- Gross profit dropped 83% to $0.31M; gross margin fell to 2.0% from 7.6%.
- Regular CMP revenue $13.10M (-22.8%); offset printing paper revenue nil vs $2.12M.
- Cash $15.36M, short-term debt $13.58M; working capital $28.68M.
- COVID-19 and macro environment cited as primary headwinds impacting results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1358190/000121390022025241/0001213900-22-025241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1358190/000121390022025241/ea159674-8k_ittechpack.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-025241

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer