earnings
confidence high
sentiment negative
materiality 0.75
IT Tech Packaging Q2 2022 revenue down 31.7%, operating loss of $1.24M
IT TECH PACKAGING, INC.
2022-Q2 EPS reported
-$0.03
revenue$47,270,502
- Q2 2022 revenue $31.79M, down 31.7% YoY from $46.53M.
- Operating loss of $1.24M vs operating income of $0.43M in Q2 2021.
- Net loss of $0.29M (EPS -$0.003) compared to net loss $0.45M (EPS -$0.01).
- EBITDA fell 60.7% to $3.55M from $9.03M in Q2 2021.
- Offset printing paper revenue was $0; tissue paper revenue down 83.1% to $0.41M.