secwatch.observer — SEC 8-K summary
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Issuer:     IT TECH PACKAGING, INC. (ITP)
CIK:        0001358190
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001213900-24-099214
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1358190/000121390024099214/0001213900-24-099214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1358190/000121390024099214/ea0221545-8k_ittech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-099214

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