IT Tech Packaging, Inc. Announces First Quarter 2021 Unaudited Financial Results
**** pp represents percentage points Revenue increased by 176.9% to $24.21 million, primarily attributable to increase in sales volume of CMP and offset printing paper, as well as the increase in Average Selling Prices ("ASPs") of CMP and tissue paper products. Gross profit was $1.83 million, compared to gross loss of $0.17 million for the same period of last year. Gross margin was 7.5%, compared to gross loss margin of 1.9% for the same period of last year. Loss from operations was $0.72 million, compared to the loss from operations of $2.87 million for the same period of last year. Ne...