---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-022568"
form_type: "8-K"
ticker: "ITP"
cik: "0001358190"
company_name: "IT TECH PACKAGING, INC."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T16:21:05.050275+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Q4 revenue fell 52.6% YoY to $21.37M; gross margin dropped to 4.8% from 9.6%.
- Net loss of $11.91M ($1.19/share) vs prior-year net income of $4.16M ($0.45/share).
- CMP sales volume declined to 51,306 tonnes from 69,953 tonnes; ASP fell to $410/tonne.
- Offset printing paper revenue was zero in Q4 2022 due to COVID suspension.
- Tissue paper revenue dropped 88.9% to $0.25M; tissue paper gross margin negative at -315.2%.

## SEC filing metadata
- accession: 0001213900-23-022568
- form_type: 8-K
- ticker: ITP
- cik: 0001358190
- company_name: IT TECH PACKAGING, INC.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/0001213900-23-022568-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/ea175701-8k_ittechpack.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-022568
- JSON: https://secwatch.observer/filing/0001213900-23-022568.json
- Plain text: https://secwatch.observer/filing/0001213900-23-022568.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/0001213900-23-022568-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1358190/000121390023022568/0001213900-23-022568-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.