IT Tech Packaging Q3 revenue down 50% YoY to $15.77M; net loss $1.98M

IT TECH PACKAGING, INC.

2023-Q3 EPS reported -$0.59 revenue$65,582,351

Revenue fell 50.26% YoY to $15.77M driven by 38% drop in CMP volume and lower ASPs.
Net loss of $1.98M ($0.20 per share) vs net loss of $1.89M ($0.19 per share) in Q3 2022.
Gross loss of $0.15M vs gross profit of $2.78M; gross margin turned negative at -0.97%.
Operating loss widened to $2.48M from $0.59M; EBITDA fell 30% to $1.69M.
Regular CMP ASP dropped to $350/tonne from $435/tonne; Light-weight CMP ASP $340/tonne vs $423/tonne.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IT TECH PACKAGING, INC. reported financial results for nine and three months ended September 30, 2023.

Period: nine and three months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 9, 2023, IT Tech Packaging, Inc. (the “Company”) issued a press release announcing its unaudited financial results for the nine and three months ended September 30, 2023.

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IT TECH PACKAGING, INC. filing history →

Source: SEC EDGAR

accession 0001213900-23-085451

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