CTIB - CTIインダストリ―ズ （CTI Industries Corporation）

CTI Industries press release (NASDAQ:CTIB): Q1 GAAP EPS of $0.02.Revenue of $5.1M (-12.1% Y/Y).

CTI Industries press release (CTIB): Q4 GAAP EPS of -$0.01.Revenue of $5.6M (-15.2% Y/Y).Adjusted EBITDA was $0.1M for 2022, compared to $1.0M in the prior year comparable period.

Financial Highlights (unaudited) Net sales in the fourth quarter were $5.6 million, as compared to $6.6 million in the prior year period Full year 2022 net sales were $18.0 million, as compared to $24.1 million for the comparable period of 2021 Lower revenues in 2022 primarily attributable to high price of helium, which negatively impacted foil-balloon sales Helium prices declined during the second half of 2022 and in early 2023 Despite 25% lower revenue for the full year, gross margins improved to 17.4% in 2022, compared to 15.6% in 2021 Increased sales of products which do not require helium, such as our candy and balloon gift combinations, mitigated the impact of elevated helium prices during 2022 and led to a significant sequential revenue increase from Q3 to Q4 2022 Net loss improved to $0.01 per share for the fourth quarter of 2022 and $0.22 for the full year, as compared to a loss of $2.01 per share in 2021 Adjusted EBITDA was $0.1 million for 2022, compared to $1.0 million in the prior year comparable period (as noted below, the latter excludes a one-time $3 million gain on the sale of a building and a $10 million non-cash loss related to the sale of Flexo Universal) Business Highlights Fourth quarter sales, led by candy and balloon gift items, more than doubled third quarter sales in 2022 Despite $1 million in higher sales during the fourth quarter of 2021 ($6.6 million), gross margin in the fourth quarter 2022 was $1.1 million (18.9%), vs. $0.8 million (12.6%) in the same period of 2021 With continued moderation in helium pricing in 2023 and improved customer demand for foil balloons, the Company expects to realize improving profitability due to the structural, operating and balance sheet improvements made to its business over the past two years.

As of Monday, Yunhong CTI Ltd.’s (NASDAQ:CTIB) stock closed at $0.65, up from $0.56 the previous day. While Yunhong CTI Ltd. has overperformed by 16.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CTIB fell by -51.14%, with highs and lows ranging from $1.51 to $0.33, […]

CTI Industries press release (CTIB): Q3 GAAP EPS of -$0.12.Revenue of $2.3M.2022 Financial GuidanceWhile improving from three months ago, helium prices remain elevated which has led…

CTI Industries press release (NASDAQ:CTIB): Q1 GAAP EPS of $0.02.Revenue of $5.1M (-12.1% Y/Y).

CTI Industries press release (CTIB): Q4 GAAP EPS of -$0.01.Revenue of $5.6M (-15.2% Y/Y).Adjusted EBITDA was $0.1M for 2022, compared to $1.0M in the prior year comparable period.

Financial Highlights (unaudited) Net sales in the fourth quarter were $5.6 million, as compared to $6.6 million in the prior year period Full year 2022 net sales were $18.0 million, as compared to $24.1 million for the comparable period of 2021 Lower revenues in 2022 primarily attributable to high price of helium, which negatively impacted foil-balloon sales Helium prices declined during the second half of 2022 and in early 2023 Despite 25% lower revenue for the full year, gross margins improved to 17.4% in 2022, compared to 15.6% in 2021 Increased sales of products which do not require helium, such as our candy and balloon gift combinations, mitigated the impact of elevated helium prices during 2022 and led to a significant sequential revenue increase from Q3 to Q4 2022 Net loss improved to $0.01 per share for the fourth quarter of 2022 and $0.22 for the full year, as compared to a loss of $2.01 per share in 2021 Adjusted EBITDA was $0.1 million for 2022, compared to $1.0 million in the prior year comparable period (as noted below, the latter excludes a one-time $3 million gain on the sale of a building and a $10 million non-cash loss related to the sale of Flexo Universal) Business Highlights Fourth quarter sales, led by candy and balloon gift items, more than doubled third quarter sales in 2022 Despite $1 million in higher sales during the fourth quarter of 2021 ($6.6 million), gross margin in the fourth quarter 2022 was $1.1 million (18.9%), vs. $0.8 million (12.6%) in the same period of 2021 With continued moderation in helium pricing in 2023 and improved customer demand for foil balloons, the Company expects to realize improving profitability due to the structural, operating and balance sheet improvements made to its business over the past two years.

As of Monday, Yunhong CTI Ltd.’s (NASDAQ:CTIB) stock closed at $0.65, up from $0.56 the previous day. While Yunhong CTI Ltd. has overperformed by 16.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CTIB fell by -51.14%, with highs and lows ranging from $1.51 to $0.33, […]

CTI Industries press release (CTIB): Q3 GAAP EPS of -$0.12.Revenue of $2.3M.2022 Financial GuidanceWhile improving from three months ago, helium prices remain elevated which has led…

CTI Industries press release (NASDAQ:CTIB): Q1 GAAP EPS of $0.02.Revenue of $5.1M (-12.1% Y/Y).

CTI Industries press release (CTIB): Q4 GAAP EPS of -$0.01.Revenue of $5.6M (-15.2% Y/Y).Adjusted EBITDA was $0.1M for 2022, compared to $1.0M in the prior year comparable period.

Financial Highlights (unaudited) Net sales in the fourth quarter were $5.6 million, as compared to $6.6 million in the prior year period Full year 2022 net sales were $18.0 million, as compared to $24.1 million for the comparable period of 2021 Lower revenues in 2022 primarily attributable to high price of helium, which negatively impacted foil-balloon sales Helium prices declined during the second half of 2022 and in early 2023 Despite 25% lower revenue for the full year, gross margins improved to 17.4% in 2022, compared to 15.6% in 2021 Increased sales of products which do not require helium, such as our candy and balloon gift combinations, mitigated the impact of elevated helium prices during 2022 and led to a significant sequential revenue increase from Q3 to Q4 2022 Net loss improved to $0.01 per share for the fourth quarter of 2022 and $0.22 for the full year, as compared to a loss of $2.01 per share in 2021 Adjusted EBITDA was $0.1 million for 2022, compared to $1.0 million in the prior year comparable period (as noted below, the latter excludes a one-time $3 million gain on the sale of a building and a $10 million non-cash loss related to the sale of Flexo Universal) Business Highlights Fourth quarter sales, led by candy and balloon gift items, more than doubled third quarter sales in 2022 Despite $1 million in higher sales during the fourth quarter of 2021 ($6.6 million), gross margin in the fourth quarter 2022 was $1.1 million (18.9%), vs. $0.8 million (12.6%) in the same period of 2021 With continued moderation in helium pricing in 2023 and improved customer demand for foil balloons, the Company expects to realize improving profitability due to the structural, operating and balance sheet improvements made to its business over the past two years.

As of Monday, Yunhong CTI Ltd.’s (NASDAQ:CTIB) stock closed at $0.65, up from $0.56 the previous day. While Yunhong CTI Ltd. has overperformed by 16.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CTIB fell by -51.14%, with highs and lows ranging from $1.51 to $0.33, […]

CTI Industries press release (CTIB): Q3 GAAP EPS of -$0.12.Revenue of $2.3M.2022 Financial GuidanceWhile improving from three months ago, helium prices remain elevated which has led…