IT TECH PACKAGING, INC.
Income Statement
| Line Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $75.8M | $86.5M | $100.4M | $160.9M | $100.9M | $117.6M | $86.7M | $117.0M |
| Cost of Revenue | $69.1M | $85.5M | $95.6M | — | — | — | — | $97.1M |
| Gross Profit | $6.7M | $999.9K | $4.8M | $11.0M | $5.7M | $13.7M | $5.8M | $20.0M |
| Gross Margin | 8.8% | 1.2% | 4.7% | 6.8% | 5.6% | 11.6% | 6.7% | 17.1% |
| Operating Expenses | ||||||||
| Research & Development | $99.6K | $90.8K | $145.5K | $101.4K | $69.2K | $74.8K | $30.2K | $31.9K |
| SG&A Expense | $14.8M | $9.1M | $10.1M | $9.6M | $11.2M | $9.8M | $13.1M | $11.3M |
| Operating Income | $-8.2M | $-9.6M | $-5.3M | $1.5M | $-5.5M | $3.9M | $-11.2M | $4.7M |
| Operating Margin | -10.8% | -11.1% | -5.3% | 0.9% | -5.4% | 3.3% | -12.9% | 4.0% |
| Interest Expense | — | $984.5K | $1.0M | $1.1M | $1.0M | $926.4K | $1.5M | $2.4M |
| Pretax Income | $-9.0M | $-9.6M | $-4.9M | — | $-6.7M | $3.3M | $-12.4M | $2.3M |
| Income Tax Expense | $879.2K | $347.0K | $11.7M | $5.5M | $-1.1M | $1.1M | $-1.9M | $662.8K |
| Net Income | $-9.8M | $-9.9M | $-16.6M | $905.5K | $-5.6M | $2.2M | $-10.5M | $1.7M |
| Net Margin | -13.0% | -11.5% | -16.5% | 0.6% | -5.5% | 1.9% | -12.2% | 1.4% |
| EPS (Basic) | $-0.98 | $-0.99 | $-1.66 | $0.10 | $-0.21 | $0.10 | $-0.49 | $0.08 |
| EPS (Diluted) | $-0.98 | $-0.99 | $-1.66 | $0.10 | $-0.21 | $0.10 | $-0.49 | $0.08 |
| Shares Outstanding (Basic) | 10.1M | 10.1M | 10.0M | 9.1M | 26.5M | 22.0M | 21.6M | 21.5M |
| Shares Outstanding (Diluted) | 10.1M | 10.1M | 10.0M | 9.1M | 26.5M | 22.0M | 21.6M | 21.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |