secwatch.observer — SEC 8-K summary
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Issuer:     IT TECH PACKAGING, INC. (ITP)
CIK:        0001358190
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001213900-22-071251
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IT Tech Packaging Q3 net loss $1.89M; revenue falls 29.7% to $31.71M
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- Net loss of $1.89M vs net income of $1.54M in Q3 2021; loss per share $0.03.
- Revenue $31.71M, down 29.7% YoY, driven by lower sales of CMP, offset printing paper, and tissue paper.
- Gross profit up 52.8% to $2.78M; gross margin improved to 8.8% from 4.0%.
- EBITDA $2.43M, down 54.4% from $5.32M in prior-year quarter.
- Factory operations constrained by COVID-19 lockdowns in China during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1358190/000121390022071251/0001213900-22-071251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1358190/000121390022071251/ea168385-8k_ittechpack.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-071251

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