IT Tech Packaging Q3 net loss $1.97M; revenue rises 59% YoY to $25.08M

IT TECH PACKAGING, INC.

2024-Q3 EPS reported -$0.58 revenue$58,195,129

Revenue $25.08M (+59% YoY) driven by 62% jump in CMP volume to 74,884 tonnes, partially offset by lower ASP $334/tonne.
Gross profit $1.92M (7.64% margin) vs gross loss $0.15M in prior year, due to improved cost per tonne for light-weight CMP.
Net loss flat at $1.97M, EPS -$0.20; operating loss narrowed 41% to $1.46M from $2.48M.
CMP contributed 99.85% of revenue; regular CMP revenue up 75% to $20.91M, light-weight CMP up 19% to $4.13M.
EBITDA $2.03M vs $1.69M YoY, up 20%.

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