NYSEAMERICAN : ITP
IT Tech Packaging, Inc. — Financial statements
Materials · Paper & Paper Products · China
Last price 0.12 USD (Oct 30, 2026, 4:00 PM) · Market cap 2.04M
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Financial statements
IT Tech Packaging, Inc. (ITP) reported revenue of 78.94M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | 78.94M | 75.84M | 86.55M | 100.35M | 160.88M | 100.94M |
| Cost of Revenue | 74.45M | 69.15M | 85.55M | 95.60M | 149.86M | 95.24M |
| Gross Profit | 4.49M | 6.69M | 999.88K | 4.75M | 11.02M | 5.70M |
| Selling, General & Admin | 14.22M | 14.70M | 8.98M | 9.91M | 9.46M | 11.09M |
| Research & Development | 99.61K | 99.61K | 90.77K | 145.54K | 101.41K | 69.21K |
| Operating Expenses | 14.32M | 14.80M | 9.08M | 10.06M | 9.56M | 11.16M |
| Operating Income | -9.83M | -8.11M | -8.08M | -5.30M | 1.46M | -5.46M |
| Interest Expense | -596.63K | -762.38K | -984.52K | -1.03M | -1.12M | -1.03M |
| Interest & Investment Income | 6.59K | 14.79K | 315.10K | 24.26K | 38.77K | 32.03K |
| Other Non Operating Income (Expenses) | 3.00 | -5.60K | 646.23K | 1.42M | 6.08M | -205.58K |
| EBT Excluding Unusual Items | -10.42M | -8.86M | -8.10M | -4.89M | 6.45M | -6.66M |
| Asset Writedown | -98.78K | -102.49K | -1.50M | |||
| Other Unusual Items | 30.99K | |||||
| Pretax Income | -10.52M | -8.96M | -9.60M | -4.86M | 6.45M | -6.66M |
| Income Tax Expense | 433.11K | 879.19K | 346.95K | 11.71M | 5.55M | -1.10M |
| Net Income | -10.95M | -9.84M | -9.95M | -16.57M | 905.53K | -5.55M |
| Net Income to Common | -10.95M | -9.84M | -9.95M | -16.57M | 905.53K | -5.55M |
| Shares Outstanding (Basic) | 12.73M | 10.07M | 10.07M | 9.97M | 9.13M | 2.65M |
| Shares Outstanding (Diluted) | 12.73M | 10.07M | 10.07M | 9.97M | 9.13M | 2.65M |
| EPS (Basic) | -0.86 | -0.98 | -0.99 | -1.66 | 0.10 | -2.10 |
| EPS (Diluted) | -0.86 | -0.98 | -0.99 | -1.66 | 0.10 | -2.10 |
| Free Cash Flow | 3.81M | 5.97M | -9.42M | 6.19M | -27.51M | -4.96M |
| Free Cash Flow Per Share | 0.30 | 0.59 | -0.94 | 0.62 | -3.01 | -1.87 |
| Gross Margin | 5.69% | 8.82% | 1.16% | 4.74% | 6.85% | 5.65% |
| Operating Margin | -12.45% | -10.69% | -9.33% | -5.29% | 0.91% | -5.41% |
| Profit Margin | -13.87% | -12.98% | -11.49% | -16.51% | 0.56% | -5.50% |
| Free Cash Flow Margin | 4.83% | 7.87% | -10.89% | 6.16% | -17.10% | -4.92% |
| EBITDA | 4.71M | 6.11M | 6.15M | 9.48M | 16.82M | 10.34M |
| EBITDA Margin | 5.97% | 8.06% | 7.11% | 9.45% | 10.45% | 10.24% |
| D&A For EBITDA | 14.54M | 14.22M | 14.23M | 14.79M | 15.36M | 15.79M |
| EBIT | -9.83M | -8.11M | -8.08M | -5.30M | 1.46M | -5.46M |
| EBIT Margin | -12.45% | -10.69% | -9.33% | -5.29% | 0.91% | -5.41% |
| Effective Tax Rate | 85.97% | |||||
| Advertising Expenses | 3.97K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.07M | 5.92M | 3.92M | 9.52M | 11.20M | 4.14M |
| Cash & Short-Term Investments | 8.07M | 5.92M | 3.92M | 9.52M | 11.20M | 4.14M |
| Accounts Receivable | 2.08M | 287.58K | 575.53K | 4.87M | 2.39M | |
| Other Receivables | 13.52M | 13.21M | 14.26M | 21.20M | 22.54M | 5.96M |
| Receivables | 15.59M | 13.50M | 14.84M | 21.20M | 27.41M | 8.35M |
| Inventory | 10.74M | 7.99M | 9.00M | 15.81M | 15.04M | 1.24M |
| Prepaid Expenses | 237.19K | 14.10K | 116.37K | 27.46K | ||
| Restricted Cash | 1.05M | 1.03M | 472.98K | |||
| Other Current Assets | 73.43K | 8.53K | 8.64K | 596.85K | 1.87M | 1.18M |
| Total Current Assets | 35.76M | 28.46M | 28.36M | 47.17M | 55.52M | 14.91M |
| Property, Plant & Equipment | 138.25M | 147.33M | 164.50M | 154.18M | 128.87M | 147.54M |
| Long-Term Deferred Tax Assets | 11.27M | 13.71M | ||||
| Other Long-Term Assets | 1.68M | 1.75M | 1.88M | 3.10M | 45.88M | 23.72M |
| Total Assets | 175.70M | 177.55M | 194.74M | 204.45M | 241.54M | 199.87M |
| Accounts Payable | 1.00 | 4.99K | 5.03K | 10.26K | 592.39K | |
| Accrued Expenses | 1.23M | 555.77K | 1.96M | 2.52M | 2.16M | 1.76M |
| Short-Term Debt | 5.09M | 4.45M | 1.15M | 5.60M | 5.96M | 6.44M |
| Current Portion of Long-Term Debt | 3.56M | 6.87M | 4.84M | 6.84M | 5.00M | |
| Current Portion of Leases | 113.79K | 245.60K | 100.48K | 224.50K | 210.16K | 182.85K |
| Current Income Taxes Payable | 308.64K | 80.91K | 417.91K | 1.11M | 259.65K | |
| Other Current Liabilities | 11.92M | 11.25M | 11.33M | 4.04M | 4.15M | 4.12M |
| Total Current Liabilities | 18.67M | 20.15M | 21.42M | 17.64M | 20.43M | 18.34M |
| Long-Term Debt | 4.73M | 1.11M | 4.50M | 4.20M | 2.98M | 4.60M |
| Long-Term Leases | 254.03K | 231.15K | 483.87K | 580.00K | 152.23K | 354.11K |
| Long-Term Unearned Revenue | 52.31K | 155.11K | 387.09K | |||
| Other Long-Term Liabilities | 5.65K | 54.00 | 646.28K | 2.06M | 1.12M | |
| Total Liabilities | 23.65M | 21.50M | 26.41M | 23.12M | 25.79M | 24.79M |
| Common Stock | 16.96K | 10.07K | 10.07K | 10.07K | 9.92K | 28.54K |
| Additional Paid-In Capital | 90.23M | 89.17M | 89.17M | 89.17M | 89.02M | 53.99M |
| Retained Earnings | 72.96M | 79.87M | 89.71M | 99.66M | 116.23M | 115.32M |
| Comprehensive Income & Other | -11.16M | -13.00M | -10.56M | -7.51M | 10.50M | 5.74M |
| Shareholders' Equity | 152.05M | 156.05M | 168.34M | 181.32M | 215.75M | 175.08M |
| Total Liabilities & Equity | 175.70M | 177.55M | 194.74M | 204.45M | 241.54M | 199.87M |
| Total Debt | 10.19M | 9.60M | 13.11M | 15.44M | 16.14M | 16.57M |
| Net Cash (Debt) | -2.12M | -3.68M | -9.19M | -5.92M | -4.94M | -12.42M |
| Net Cash Per Share | -0.17 | -0.37 | -0.91 | -0.59 | -0.54 | -4.69 |
| Filing Date Shares Outstanding | 16.97M | 10.07M | 10.07M | 10.07M | 9.90M | 9.90M |
| Total Common Shares Outstanding | 16.97M | 10.07M | 10.07M | 10.07M | 9.90M | 2.85M |
| Working Capital | 17.10M | 8.31M | 6.94M | 29.53M | 35.08M | -3.43M |
| Book Value Per Share | 8.96 | 15.50 | 16.72 | 18.01 | 21.78 | 61.35 |
| Tangible Book Value | 152.05M | 156.05M | 168.34M | 181.32M | 215.75M | 175.08M |
| Tangible Book Value Per Share | 8.96 | 15.50 | 16.72 | 18.01 | 21.78 | 61.35 |
| Land | 81.24M | 80.31M | 81.50M | 57.69M | 12.79M | 12.50M |
| Buildings | 67.36M | 66.58M | 67.94M | 68.30M | 74.61M | 81.23M |
| Machinery | 158.34M | 156.52M | 158.98M | 159.18M | 170.88M | 164.42M |
| Construction In Progress | 1.24M | 586.22K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Net Income | -10.95M | -9.84M | -9.95M | -16.57M | 905.53K | -5.55M |
| Depreciation & Amortization | 14.54M | 14.22M | 14.23M | 14.79M | 15.36M | 15.79M |
| Loss (Gain) From Sale of Assets | 108.24K | |||||
| Asset Writedown & Restructuring Costs | 98.78K | 102.49K | 1.50M | |||
| Stock-Based Compensation | 156.00K | 1.26M | ||||
| Provision & Write-off of Bad Debts | 854.29K | 911.23K | 34.19K | 843.78K | 33.48K | -28.09K |
| Other Operating Activities | 701.92K | 736.09K | -643.26K | 8.81M | -3.15M | -1.94M |
| Change in Accounts Receivable | -409.95K | 240.35K | 280.97K | 3.75M | -2.43M | 923.43K |
| Change in Inventory | 1.06M | 432.19K | -736.27K | 2.55M | -4.53M | 458.88K |
| Change in Accounts Payable | 12.00 | -4.97K | 50.00 | -4.50K | -589.37K | 307.20K |
| Change in Income Taxes | -38.44K | 81.72K | -412.50K | -614.74K | 832.95K | -1.15M |
| Change in Other Net Operating Assets | -2.00M | -577.61K | 8.46M | -3.00M | -8.86M | 6.08M |
| Operating Cash Flow | 3.86M | 6.30M | 12.87M | 10.72M | -2.44M | 16.14M |
| Capital Expenditures | -44.44K | -329.61K | -22.29M | -4.53M | -25.07M | -21.11M |
| Sale of Property, Plant & Equipment | 4.19K | 53.57K | 580.21K | |||
| Sale (Purchase) of Real Estate | -6.36M | |||||
| Investing Cash Flow | -40.24K | -329.61K | -22.24M | -10.90M | -25.07M | -20.53M |
| Short-Term Debt Issued | 843.09K | 1.28M | 6.21M | 5.89M | 6.09M | |
| Long-Term Debt Issued | 3.77M | 59.20K | ||||
| Total Debt Issued | 9.75M | 843.09K | 5.05M | 6.27M | 5.89M | 6.09M |
| Short-Term Debt Repaid | -4.10M | -7.65M | -6.07M | -6.51M | -6.24M | |
| Long-Term Debt Repaid | -74.15K | -206.11K | -185.05K | -72.00K | ||
| Total Debt Repaid | -10.30M | -4.10M | -7.72M | -6.28M | -6.70M | -6.31M |
| Net Debt Issued (Repaid) | -557.26K | -3.26M | -2.68M | -4.85K | -805.46K | -218.50K |
| Issuance of Common Stock | 1.06M | 41.84M | 2.27M | |||
| Other Financing Activities | 7.09M | -874.75K | -6.84M | |||
| Financing Cash Flow | 505.87K | -3.26M | 4.41M | -879.60K | 34.19M | 2.05M |
| Foreign Exchange Rate Adjustments | -95.64K | -154.51K | -174.84K | -618.00K | 372.79K | 632.32K |
| Net Cash Flow | 4.23M | 2.56M | -5.13M | -1.68M | 7.06M | -1.70M |
| Free Cash Flow | 3.81M | 5.97M | -9.42M | 6.19M | -27.51M | -4.96M |
| Free Cash Flow Margin | 4.83% | 7.87% | -10.89% | 6.16% | -17.10% | -4.92% |
| Free Cash Flow Per Share | 0.30 | 0.59 | -0.94 | 0.62 | -3.01 | -1.87 |
| Levered Free Cash Flow | 7.03M | 8.84M | 5.78M | 12.68M | -42.35M | -3.01M |
| Unlevered Free Cash Flow | 7.40M | 9.31M | 6.40M | 13.32M | -41.65M | -2.37M |
| Cash Interest Paid | 1.87M | 1.81M | 1.48M | 320.57K | 577.19K | 592.14K |
| Cash Income Tax Paid | 471.55K | 797.47K | 759.46K | 2.05M | 1.97M | 2.40M |
| Change in Working Capital | -1.39M | 171.68K | 7.59M | 2.69M | -15.58M | 6.61M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.04M | 6.05M | 3.12M | 5.25M | 22.78M | 15.87M |
| Enterprise Value | 4.16M | 12.05M | 6.35M | 4.58M | 12.58M | 23.72M |
| Last Close Price | 0.12 | 0.60 | 0.31 | 0.46 | 2.30 | 5.57 |
| PE Ratio | 25.16 | |||||
| PS Ratio | 0.03 | 0.08 | 0.04 | 0.05 | 0.14 | 0.16 |
| PB Ratio | 0.01 | 0.04 | 0.02 | 0.03 | 0.11 | 0.09 |
| P/TBV Ratio | 0.01 | 0.04 | 0.02 | 0.03 | 0.11 | 0.09 |
| P/FCF Ratio | 0.53 | 1.01 | 0.85 | |||
| P/OCF Ratio | 0.53 | 0.96 | 0.24 | 0.49 | 0.98 | |
| EV/Sales Ratio | 0.05 | 0.16 | 0.07 | 0.05 | 0.08 | 0.23 |
| EV/EBITDA Ratio | 0.88 | 1.97 | 1.03 | 0.48 | 0.75 | 2.29 |
| EV/EBIT Ratio | 8.62 | |||||
| EV/FCF Ratio | 1.09 | 2.02 | 0.74 | |||
| Debt / Equity Ratio | 0.07 | 0.06 | 0.08 | 0.09 | 0.07 | 0.10 |
| Debt / EBITDA Ratio | 2.15 | 1.55 | 2.08 | 1.62 | 0.96 | 1.60 |
| Debt / FCF Ratio | 2.67 | 1.61 | 2.50 | |||
| Net Debt / Equity Ratio | 0.01 | 0.02 | 0.06 | 0.03 | 0.02 | 0.07 |
| Net Debt / EBITDA Ratio | 0.45 | 0.60 | 1.50 | 0.62 | 0.29 | 1.20 |
| Net Debt / FCF Ratio | 0.56 | 0.62 | -0.98 | 0.96 | -0.18 | -2.50 |
| Asset Turnover | 0.43 | 0.41 | 0.43 | 0.45 | 0.73 | 0.52 |
| Inventory Turnover | 6.70 | 8.14 | 6.89 | 6.20 | 18.41 | 23.10 |
| Quick Ratio | 1.27 | 0.96 | 0.88 | 1.74 | 1.89 | 0.68 |
| Current Ratio | 1.92 | 1.41 | 1.32 | 2.67 | 2.72 | 0.81 |
| Return on Equity (ROE) | -6.92% | -6.07% | -5.69% | -8.35% | 0.46% | -3.26% |
| Return on Assets (ROA) | -3.36% | -2.72% | -2.53% | -1.49% | 0.41% | -1.75% |
| Return on Invested Capital (ROIC) | -6.33% | -4.81% | -4.43% | -2.60% | 0.10% | -3.01% |
| Return on Capital Employed (ROCE) | -6.30% | -5.20% | -4.70% | -2.80% | 0.70% | -3.00% |
| Earnings Yield | -717.04% | -162.60% | -318.84% | -315.43% | 3.98% | -35.00% |
| FCF Yield | 187.26% | 98.62% | -302.04% | 117.73% | -120.74% | -31.27% |
| Buyback Yield / Dilution | -26.46% | -0.93% | -9.19% | -244.68% | -20.26% |