---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-085451"
form_type: "8-K"
ticker: "ITP"
cik: "0001358190"
company_name: "IT TECH PACKAGING, INC."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:42:47.570590+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-085451
- form_type: 8-K
- ticker: ITP
- cik: 0001358190
- company_name: IT TECH PACKAGING, INC.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1358190/000121390023085451/0001213900-23-085451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1358190/000121390023085451/ea188085-8k_ittechpack.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-085451
- JSON: https://secwatch.observer/filing/0001213900-23-085451.json
- Plain text: https://secwatch.observer/filing/0001213900-23-085451.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1358190/000121390023085451/0001213900-23-085451-index.htm

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