ITP IT TECH PACKAGING, INC.

Overview and Growth

In fiscal 2024, IT TECH PACKAGING, INC. recorded $75.84M of revenue, net loss of $9.84M, and an operating cash inflow of $6.30M. Revenue of $75.84M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 12.4% below fiscal 2023 revenue of $86.55M, marking a top-line contraction. On a per-share basis, diluted EPS was -$0.98, which connects the reported earnings outcome with the company’s diluted share count. At period end, total assets were $177.55M, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.43x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $6.69M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 8.8% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced a $8.21M operating loss before non-operating and tax effects. An operating margin of -10.8% reflected costs exceeding revenue-level gross profit by 10.8% of sales. After all below-operating-line items, the company recorded a net loss of $9.84M for the fiscal year. Net margin was -13.0%, reflecting a loss equal to 13.0% of reported revenue. Before income taxes, the company recorded a loss of $8.96M, bridging the operating result to the final net loss. The pretax loss equaled 11.8% of revenue, measuring the pre-tax deficit against sales. The company recognized $879.19K of income tax for the period, completing the transition from pretax income to net income. The loss-to-equity relationship was 6.3%, placing the bottom-line deficit against shareholder capital. The loss-to-assets relationship was 5.5%, placing the bottom-line deficit against the company’s resource base.

Liquidity and Capital Structure

Total assets were $177.55M, supported by $21.50M of liabilities and $156.05M of shareholder equity. The near-term balance sheet paired $28.46M of current assets with $20.15M of current liabilities at the reporting date. Current assets covered current liabilities by 1.41x, leaving a positive buffer for near-term obligations. The company held $6.95M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 34.5% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $4.67M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.03x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 2.6%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 12.1%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 3.9%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 8.8% lower than fiscal 2023 assets of $194.74M, measuring the company’s own balance-sheet change. Against $168.34M of equity in fiscal 2023, the current book-equity balance moved 7.3% and ended lower.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $6.30M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $329.61K, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 5.2%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $5.97M, leaving a positive amount after capital expenditures. Free cash flow represented 7.9% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 3.4%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Sep 24, 2026.