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Financial Results | IT Tech Packaging 2025 Q1 Revenue USD 10.90 Million Net Loss USD 3.50 Million
ByAinvest
Friday, May 9, 2025 10:00 pm ET1min read
IT Tech Packaging(ITP) posted the Q1 of its 2025 financial results on 5/9/2025, reporting total revenue of USD 10.90 million in the first quarter, up 58.76% from USD 6.86 million year over year, reporting net loss of USD 3.50 million in the first quarter, narrowing 6.48% from USD -3.75 million year over year. The EPS is USD -0.35 in the frist quater, compare with USD -0.37 last period.
[Detailed Data]
| Million USD | Q1 2025 | Q4 2024 | Q3 2024 | Q4 2024 |
|---|---|---|---|---|
| Total Revenue | 10.90 | 17.64 | 25.08 | 17.64 |
| Cost of Sales | 10.81 | 16.53 | 23.16 | 16.53 |
| Gross Profit | 0.08 | 1.11 | 1.92 | 1.11 |
| Total Operating Expenses | 3.59 | 5.07 | 3.55 | 5.07 |
| Operating Income | -3.51 | -3.96 | -1.63 | -3.96 |
| Net Income | -3.50 | -4.04 | -1.97 | -4.04 |
| Net Income Attributable to Common Shareholders | -3.50 | -4.04 | -1.97 | -4.04 |
| EPS(USD) | -0.35 | -0.4018 | -0.2 | -0.4018 |
[Company Profile]
IT Tech Packaging, Inc. was incorporated in the State of Nevada on December 9, 2005 under the name "Carlateral, Inc.". Through the steps described immediately below, the company becames the holding company for Hebei Baoding Orient Paper Milling Company Limited ("Orient Paper HB"), a producer and distributor of paper products in China, on October 29, 2007, and effective December 21, 2007, the company changed the company's name to "Orient Paper, Inc." to more accurately describe the company's business. It's main products include various specifications of:(i) corrugating medium paper, (ii) medium-grade offset printing paper, (iii) high-grade offset printing paper, and (iv) writing paper.
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