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Yunhong Green CTI Ltd. - $YHGJ STOCK NEWS

Welcome to our dedicated page for Yunhong Green CTI Ltd. news (Ticker: $YHGJ), a resource for investors and traders seeking the latest updates and insights on Yunhong Green CTI Ltd. stock.

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Rhea-AI Summary
Yunhong Green CTI Ltd. (Nasdaq:YHGJ) reported double-digit revenue growth in the fourth quarter, with revenue reaching $6.8 million, up 21.4% from the prior year. The net income for the quarter was $0.5 million, a significant improvement from a net loss of $0.1 million in the same period last year. For the full year 2023, revenue stood at $17.8 million, with a net loss of $0.2 million, showing positive trends compared to 2022. The company's financial performance was driven by increased sales in foil balloons, commercial films, and balloon-inspired gifts, with ongoing investments in operational efficiencies and compostable material solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.39%
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Rhea-AI Summary
Yunhong Green CTI Ltd. (Nasdaq:YHGJ) will host a conference call and webcast on February 22, 2024, to discuss its fourth quarter and full year 2023 financial results. The Company's CEO and COO will review the results, which are expected to be released on February 21, 2024. Interested parties can access the live webcast and participate in the call to gain insights into the Company's performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.7%
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Rhea-AI Summary
Yunhong Green CTI Ltd. announced the formation of a new subsidiary and the intended acquisition of an operating facility to advance the business of compostable, biodegradable, and recyclable materials. The company plans to use up to 5 million shares of common stock to acquire the facility. The new subsidiary will enhance environmental sustainability and strengthen the connection with partner Yunhong Group, creating added value for shareholders, employees, businesses, and consumers. The address of the newly formed subsidiary is Yunhong Technology Industry (Hubei) Co., Ltd., located in Hubei Province, China.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.54%
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none
Rhea-AI Summary
Yunhong Green CTI Ltd. (Nasdaq:YHGJ) announced its financial results for Q3 and nine months ended September 30, 2023. Net sales for Q3 were $1.9 million, compared to $2.3 million in Q3 2022. Net loss for Q3 2023 was $1.0 million. For the nine months ending September 30, 2023, net sales were $11.0 million, compared to $12.5 million in the same period of 2022. Net income improved to ($0.7) million in the first nine months of 2023. EPS improved to ($0.04) from ($0.28) for the nine months ended September 30.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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Rhea-AI Summary
Yunhong Green CTI Ltd. to host investor conference call and webcast to review third quarter 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10%
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conferences earnings
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Rhea-AI Summary
Yunhong Green CTI to display patented compostable, biodegradable, and recyclable materials at China International Import Expo
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.65%
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none
Yunhong Green CTI Ltd.

Nasdaq:YHGJ

YHGJ Rankings

YHGJ Stock Data

28.04M
8.16M
60.66%
1.98%
0.12%
Plastics Packaging Film and Sheet (including Laminated) Manufacturing
Manufacturing
Link
United States of America
BARRINGTON

About YHGJ

cti industries corporation is a leading producer and marketer of foil and latex balloons with distribution in the united states and over 30 other countries. cti also manufactures a variety of film products for commercial applications including consumer storage pouches, packaging, flexible containers, extrusion coating, adhesive laminations, and custom film products.