secwatch.observer — SEC 8-K summary
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Issuer:     IT TECH PACKAGING, INC. (ITP)
CIK:        0001358190
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001213900-24-027231
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IT Tech Packaging Q4 net loss $3.98M, revenue $20.96M down 1.91% YoY
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- Q4 revenue $20.96M (-1.91% YoY); net loss narrowed to $3.98M ($0.40 EPS loss) from $11.91M ($1.19 EPS loss) in Q4 2022.
- Q4 gross margin collapsed to 1.19% from 4.80%; CMP volume rose to 56,805 tonnes but ASP fell to $360/tonne from $410.
- Q4 operating loss widened to $3.80M from $0.49M; SG&A surged 123% to $3.38M.
- FY 2023 revenue $86.55M, gross profit $1.00M; management expects plastic-restriction orders to boost packaging paper demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1358190/000121390024027231/0001213900-24-027231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1358190/000121390024027231/ea0202818-8k_ittech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-027231

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