For the quarter ending 2025-09-30, ITP made $25,601,344 in revenue. -$268,035 in net income. Net profit margin of -1.05%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenues | 25,601,344 | 24,794,641 | 12,253,327.5 | 25,081,500 |
| Cost of sales | 23,579,498 | 23,520,896 | 11,498,798 | 23,164,119 |
| Gross profit | 2,021,846 | 1,273,745 | 754,529.5 | 1,917,381 |
| Selling, general and administrative expenses | 3,018,187 | 3,036,775 | 4,350,459.5 | 3,381,502 |
| Loss on impairment of assets | - | - | -25,622.5 | - |
| Gain on impairment of assets | 3,709 | - | - | - |
| Loss from operations | -992,632 | -1,763,030 | -3,647,175 | -1,464,121 |
| Interest income | 1,146 | 1,208 | 3,698.25 | - |
| Interest expense | 150,702 | 143,971 | 196,982.333 | 171,430 |
| Gain on derivative liability | 303 | 795 | -1,866.333 | 2 |
| Interest income, other | - | - | - | 7,313 |
| Loss before income taxes | -1,141,885 | -1,904,998 | -3,837,343.5 | -1,628,236 |
| Income tax expenses | 306,362 | 46,828 | 58,357 | 345,710 |
| Net loss | -1,448,247 | -1,951,826 | -3,895,700.5 | -1,973,946 |
| Foreign currency translation adjustment | 1,180,212 | 429,292 | -2,265,241 | 2,843,180 |
| Total comprehensive (loss) income | -268,035 | -1,522,534 | -6,160,941.5 | 869,234 |
| Basic losses per share (in dollars per share) | -0.11 | -0.16 | -0.386 | -0.2 |
| Diluted losses per share (in dollars per share) | -0.11 | -0.16 | -0.386 | -0.2 |
| Outstanding basic (in shares) | 13,617,133 | 11,905,787 | -5,032,960 | 10,065,920 |
| Outstanding diluted (in shares) | 13,617,133 | 11,905,787 | -5,032,960 | 10,065,920 |
IT TECH PACKAGING, INC. (ITP)
IT TECH PACKAGING, INC. (ITP)