# IT TECH PACKAGING, INC. (ITP) · Edgar & Edgarette company card

> It Tech Packaging (ITP) saw revenue fall 12.4% in FY2024 to $76 million, operating margin -10.8% against a 0.3% median for converted paper & paperboard prods (no contaners/boxes), equity 87.9% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1358190 · fiscal year ended 2024-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/ITP) · [JSON](https://www.pops4.com/boards/company/ITP.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $76M |
| Revenue growth, 1 year | -12.4% |
| Revenue growth per year | -6.9% |
| Operating margin | -10.8% (prior year -11.1%) |
| Net margin | -13.0% |
| Operating cash flow | $6M |
| Capital spending | $329,611 |
| Free cash flow | $6M |
| Cash | $7M |
| Long-term debt | $5M |
| Total assets | $178M |
| Total equity | $156M |
| Equity ÷ assets | 87.9% |
| Return on equity | -6.3% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 8.97 (safe zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -4 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, late quarterly report notice, auditor change in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -10.8% in FY2024; revenue is hard to predict: its 80% range is ±55%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $75.8M (FY2024), total debt $4.7M. Experience: revenue down 12.4% on the year, down 6.9% a year over 4 years; operating margin -10.8%, up from -11.1%. Soundness: equity 87.9% of assets, return on equity -6.3%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $32.2M and $112.2M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $33.8M to $107.4M. A statistical range, not company guidance. Against peers (13 filers, $50M+ revenue, its industry group): operating margin -10.8% against a 0.3% median; growth -12.4% against 0.9%.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-31 ([filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026036737/0001213900-26-036737-index.htm))
- Item 3.01 Exchange listing notice or transfer: 2, latest 2026-10-09 ([filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026108255/0001213900-26-108255-index.htm))
- Item NT 10-Q Late quarterly report notice: 2, latest 2026-08-11 ([filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026087794/0001213900-26-087794-index.htm))
- Item 4.01 Auditor change: 4, latest 2026-10-06 ([filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026107056/0001213900-26-107056-index.htm))

## Recent filings

- 8-K · filed 2026-10-09 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026108255/0001213900-26-108255-index.htm)
- 8-K · filed 2026-10-06 · 4.01 Changes in Registrant's Certifying Accountant · [filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026107056/0001213900-26-107056-index.htm)
- 8-K · filed 2026-09-18 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026101474/0001213900-26-101474-index.htm)
- 8-K · filed 2026-09-01 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026096111/0001213900-26-096111-index.htm)
- 8-K · filed 2026-04-22 · 4.01 Changes in Registrant's Certifying Accountant; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026046612/0001213900-26-046612-index.htm)
- 8-K · filed 2026-04-20 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1358190/000121390026045628/0001213900-26-045628-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001358190.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1358190

## Cite

POPS4, Edgar & Edgarette: IT TECH PACKAGING, INC. (ITP) company card, from the company's own SEC filings, accessed 2026-11-06, https://www.pops4.com/boards/company/ITP. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.