It Tech Packaging, Inc. (ITP) Financial Statements
Industry: Converted Paper & Paperboard Prods (No Contaners/Boxes)
In fiscal 2024, It Tech Packaging reported revenue of $75.8M, down 12.4% from $86.5M the year before. Net income was -$9.8M (a -13.0% net margin), or -$0.98 per diluted share. Gross margin was 8.8% and operating margin was -10.8%. Operating activities generated $6.3M of cash, leaving $6.0M of free cash flow. At fiscal year end, It Tech Packaging held $177.5M in total assets against $21.5M in total liabilities.
Open the full interactive It Tech Packaging financials → Quarterly statements, key ratios, valuation history and price charts.
It Tech Packaging Key Stats
| Share Price | $0.15 |
|---|---|
| Market Cap | $2.0M |
| Revenue YoY Growth | -12.4% |
| 52-Week Range | $0.14 – $0.34 |
| Shares Outstanding | 13.6 million (basic, 2025 Q3) |
It Tech Packaging Income Statement
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Revenue | $117.6M | $100.9M | $160.9M | $100.4M | $86.5M | $75.8M |
| Gross Profit | $13.7M | $5.7M | $11.0M | $4.8M | $999,885 | $6.7M |
| Operating Income | $3.9M | -$5.5M | $1.5M | -$5.3M | -$9.6M | -$8.2M |
| Pre-Tax Income | $3.3M | -$6.7M | $6.5M | -$4.9M | -$9.6M | -$9.0M |
| Income Tax | $1.1M | -$1.1M | $5.5M | $11.7M | $346,954 | $879,194 |
| Net Income | $2.2M | -$5.6M | $905,535 | -$16.6M | -$9.9M | -$9.8M |
| Diluted EPS | $1.00 | -$2.10 | $0.70 | -$1.66 | -$0.99 | -$0.98 |
It Tech Packaging Quarterly Results
| 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | |
|---|---|---|---|---|
| Revenue | $17.6M | $10.9M | $24.8M | $25.6M |
| Net Income | -$4.0M | -$3.5M | -$2.0M | -$1.4M |
| Diluted EPS | -$0.40 | -$0.35 | -$0.16 | -$0.11 |
It Tech Packaging Balance Sheet
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Current Assets | $24.0M | $14.9M | $55.5M | $47.2M | $28.4M | $28.5M |
| Total Assets | $190.2M | $199.9M | $241.5M | $204.4M | $194.7M | $177.5M |
| Current Liabilities | $16.8M | $18.3M | $20.4M | $17.6M | $21.4M | $20.1M |
| Total Long-Term Debt | $17.9M | $9.6M | $9.8M | $9.0M | $11.4M | $4.7M |
| Total Liabilities | $24.2M | $24.8M | $25.8M | $23.1M | $26.4M | $21.5M |
| Shareholders' Equity | $166.0M | $175.1M | $215.7M | $181.3M | $168.3M | $156.1M |
It Tech Packaging Cash Flow Statement
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $7.5M | $16.1M | -$2.4M | $10.7M | $12.9M | $6.3M |
| Cash From Investing | -$7.9M | -$20.5M | -$25.1M | -$10.9M | -$22.2M | -$329,611 |
| Cash From Financing | -$5.8M | $2.1M | $34.2M | -$879,596 | $4.4M | -$3.3M |
| Free Cash Flow | — | -$5.0M | -$27.5M | $6.2M | — | $6.0M |
Figures from It Tech Packaging's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full It Tech Packaging financials page for every line item.
It Tech Packaging Company Profile
| Ticker | ITP |
|---|---|
| Exchange | NYSE |
| Industry | Converted Paper & Paperboard Prods (No Contaners/Boxes) |
| Headquarters | Hebei Province,, China |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001358190 |
Frequently Asked Questions
What was It Tech Packaging's revenue in fiscal 2024?
It Tech Packaging (ITP) reported revenue of $75.8M for fiscal 2024.
What is It Tech Packaging's annual revenue history?
It Tech Packaging's annual revenue by fiscal year: 2019: $117.6M; 2020: $100.9M; 2021: $160.9M; 2022: $100.4M; 2023: $86.5M; 2024: $75.8M.
What was It Tech Packaging's net income in fiscal 2024?
It Tech Packaging reported net income of -$9.8M for fiscal 2024.
What was It Tech Packaging's earnings per share (EPS) in fiscal 2024?
It Tech Packaging's diluted EPS was -$0.98 for fiscal 2024 (adjusted for any later stock splits).
How much free cash flow did It Tech Packaging generate in fiscal 2024?
It Tech Packaging generated $6.0M of free cash flow in fiscal 2024.
What was It Tech Packaging's revenue last quarter?
In its most recent reported quarter (2025 Q3), It Tech Packaging reported revenue of $25.6M.
How much debt does It Tech Packaging have?
It Tech Packaging reported $4.7M of long-term debt, including the current portion, at the end of fiscal 2024.
How many shares of It Tech Packaging are outstanding?
It Tech Packaging reported a weighted average of 13.6 million basic shares outstanding in 2025 Q3.
What is It Tech Packaging's market cap?
Based on its latest closing price, It Tech Packaging (ITP) has a market capitalization of about $2.0M.
When does It Tech Packaging's fiscal year end?
It Tech Packaging's fiscal year end, as registered with the SEC, is December 31.
Where is It Tech Packaging headquartered?
It Tech Packaging lists its business address in Hebei Province,, China in its SEC filings.
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