secwatch.observer — SEC 8-K summary
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Issuer:     IT TECH PACKAGING, INC. (ITP)
CIK:        0001358190
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001213900-24-067875
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IT Tech Packaging Q2 revenue down 12.6% to $26.25M; net loss narrows to $0.08M
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- Q2 2024 revenue $26.25M (-12.6% YoY); net loss of $0.08M ($0.01 loss per share) vs $1.25M loss.
- Gross margin improved to 12.44% from 3.93% in Q2 2023, driven by lower costs and product mix.
- EBITDA $3.93M vs $2.83M; operating income turned positive at $0.55M vs loss of $0.52M.
- Production of offset printing paper, tissue paper, and face masks remained suspended in Q2 2024.
- Cash $5.14M; working capital improved to $10.51M from $6.94M at Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1358190/000121390024067875/0001213900-24-067875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1358190/000121390024067875/ea0211218-8k_ittech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-067875

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