IT TECH PACKAGING, INC. Income Statement
ITP|14 years of annual SEC 10-K data (FY2011-FY2024)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
IT TECH PACKAGING, INC. reported $76M in revenue and $10M in net loss for FY2024. Revenue has declined at a 2.3% compound annual rate over the past 13 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 3.72 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $75.8M | $86.5M | $100.4M | $160.9M | $17.5M | $86.7M | $117.0M | $134.7M | $137.0M | $125.7M | $151.1M | $150.7M | $124.0M | $102.1M |
| Cost of Revenue | $69.1M | $85.5M | $95.6M | - | - | - | - | $109.2M | $114.3M | $102.4M | $124.1M | $117.8M | $97.8M | $82.1M |
| Gross Profit | $6.7M | $999.9K | $4.8M | $11.0M | -$192.5K | $5.8M | $20.0M | $25.5M | $22.8M | $23.3M | $27.1M | $33.0M | $26.2M | $20.0M |
| SG&A Expense | $14.8M | $9.1M | $10.1M | $9.6M | $9.8M | $13.1M | $11.3M | $12.4M | $4.9M | $4.6M | $3.4M | $2.5M | $3.1M | $2.0M |
| R&D Expense | $99.6K | $90.8K | $145.5K | $101.4K | $74.8K | $30.2K | $31.9K | $21.6K | $20.3K | $25.1K | $21.6K | $19.8K | $18.2K | - |
| Operating Income | -$8.2M | -$9.6M | -$5.3M | $1.5M | -$3.2M | -$11.2M | $4.7M | $13.0M | $17.4M | $18.8M | $21.0M | $30.1M | $22.0M | $18.0M |
| Interest Expense | - | $984.5K | $1.0M | $1.1M | $926.4K | $1.5M | $2.4M | $2.6M | $1.4M | $995.7K | $871.8K | $699.9K | $633.0K | $728.4K |
| Income Tax | $879.2K | $347.0K | $11.7M | $5.5M | $1.1M | -$1.9M | $662.8K | $3.1M | $4.4M | $5.1M | $5.5M | $7.8M | $6.0M | $4.7M |
| Net Income | -$9.8M | -$9.9M | -$16.6M | $905.5K | -$2.7M | -$10.5M | $1.7M | $7.3M | $11.7M | $13.0M | $14.7M | $21.6M | $15.6M | $12.7M |
| EPS (Basic) | -$0.99 | -$1.66 | $0.10 | -$0.01 | -$0.13 | -$0.49 | $0.08 | $0.34 | $0.61 | $0.71 | $0.79 | $1.18 | $0.89 | $1.04 |
| EPS (Diluted) | -$0.99 | -$1.66 | $0.10 | -$0.01 | -$0.13 | -$0.49 | $0.08 | $0.34 | $0.61 | $0.71 | $0.79 | $1.18 | $0.89 | $1.04 |
| Shares Outstanding | 10.1M | 10.1M | 9.9M | 28.5M | 22.1M | 21.6M | 21.5M | 21.5M | 20.3M | 20.3M | 18.8M | 18.5M | 18.4M | 18.3M |
| Gross Margin | 8.8% | 1.2% | 4.7% | 6.9% | -1.1% | 6.7% | 17.1% | 18.9% | 16.6% | 18.6% | 17.9% | 21.9% | 21.1% | 19.6% |
| Operating Margin | -10.8% | -11.1% | -5.3% | 0.9% | -18.2% | -12.9% | 4.0% | 9.6% | 12.7% | 15.0% | 13.9% | 20.0% | 17.7% | 17.6% |
| Profit Margin | -13.0% | -11.5% | -16.5% | 0.6% | -15.6% | -12.2% | 1.4% | 5.4% | 8.5% | 10.3% | 9.7% | 14.4% | 12.5% | 12.4% |