secwatch / observer
8-K filed March 24, 2023, 7:59 PM ET ticker ITP CIK 0001358190
earnings confidence high sentiment negative materiality 0.85

IT Tech Packaging Q4 2022 net loss $11.9M vs prior-year net income $4.2M

IT TECH PACKAGING, INC.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IT TECH PACKAGING, INC. reported the fiscal year ended December 31, 2022 results: revenue $100.35 million.

Period
the fiscal year ended December 31, 2022
Revenue
$100.35 million
Result
reported results
Exact text from the filing
In fiscal year 2022, our business execution was reflected as we generated approximately $100.35 million in revenue and approximately $4.75 million in gross profit.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IT TECH PACKAGING, INC. reported the fourth quarter ended December 31, 2022 results: revenue $21.37 million, net income Net loss was approximately $11.91 million, EPS loss of $1.19 per basic and diluted share.

Period
the fourth quarter ended December 31, 2022
Revenue
$21.37 million
Net income
Net loss was approximately $11.91 million
EPS
loss of $1.19 per basic and diluted share
Result
reported results
Exact text from the filing
0.45 -1.19 -364.4 % * Products from PM6 ** Products from PM1 *** Products from PM8 and PM9 **** pp represents percentage points · Revenue decreased by 52.6% to approximately $21.37 million, primarily attributable to an decrease in sales volume of all categories of products and decrease in ASP of CMP. · Gross profit decreased by 76.3% to approximately $1.03 million.
View on SEC.gov

Browse all earnings releases →

IT TECH PACKAGING, INC. filing history →

Source: SEC EDGAR
accession 0001213900-23-022568
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.