CTIB - Earnings announcements

Select Financial Highlights (unaudited) - Second Quarter 2023 and 2022Net sales were $4.1 million in the second quarter 2023, compared with $4.4 million in the second quarter 2022While helium pricing continued to moderate after the significant spike in 2022, it negatively impacted foil-balloon sales in Q2 2023Foil balloon sales improved by $0.3 million sequentiallyNet loss for the second quarter 2023 improved to $0.1 million, compared to net loss of less than $0.4 million in the second quarter 2022Adjusted EBITDA (a non-GAAP measure) was $0.2 million, compared to $0.0 million in the second quarter of 2022. Please refer to the table accompanying this press release for a reconciliation of the

LAKE BARRINGTON, IL / ACCESSWIRE / July 20, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, novelty balloons, gift items and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, August 3, 2023 at 10:00 am ET to review its second quarter 2023 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/48658. For those planning to participate in the call, please dial +1-888-506-0062 (domestic) or 973-528-0011 (international). The Conference ID is 327381.A replay of

Financial Highlights (unaudited)Net sales were $5.1 million in the first quarter, compared with $5.8 million in the first quarter of 2022While helium pricing continued to moderate after the significant 2022 spike, it continued to negatively impact foil-balloon salesNet income was $0.4 million, compared to net loss of less than $0.1 million in the first quarter of 2022Adjusted EBITDA (a non-GAAP measure) was $0.7 million, compared to $0.3 million in the first quarter of 2022. Please refer to the table accompanying this press release for a reconciliation of the Company's GAAP and non-GAAP results.Business HighlightsSales of candy and balloon gift items continued to climb, offsetting some of th

LAKE BARRINGTON, IL / ACCESSWIRE / April 18, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, April 27, 2023 at 10:00 am ET to review its first quarter 2023 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/48198. For those planning to participate in the call, please dial +1-888-506-0062 (domestic) or 973-528-0011 (international). The Conference ID is 587807.A repla

Financial Highlights (unaudited)Net sales in the fourth quarter were $5.6 million, as compared to $6.6 million in the prior year periodFull year 2022 net sales were $18.0 million, as compared to $24.1 million for the comparable period of 2021Lower revenues in 2022 primarily attributable to high price of helium, which negatively impacted foil-balloon salesHelium prices declined during the second half of 2022 and in early 2023Despite 25% lower revenue for the full year, gross margins improved to 17.4% in 2022, compared to 15.6% in 2021Increased sales of products which do not require helium, such as our candy and balloon gift combinations, mitigated the impact of elevated helium prices during 2

LAKE BARRINGTON, IL / ACCESSWIRE / February 13, 2023 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, February 23, 2023 at 10:00 am ET to review its fourth quarter and year end 2022 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/47550. For those planning to participate in the call, please dial +1-877-545-0523 (domestic) or 973-528-0016 (international). The Conference

Third Quarter and Nine-Month 2022 Financial HighlightsNet sales of $2.3 million, as compared to $5.2 million in the prior year period, while for the nine-months of 2022 net sales were $12.5 million, as compared to $17.5 million for the comparable period of 2021Lower revenues for three-and nine-month period in 2022 primarily attributable to high price of heliumHelium pricing has moderated downward during the third quarter although it remains a challenge on everyday order volumesNet loss improved to $0.12 per share for the third quarter of 2022, as compared to a loss of $0.14 per share in the prior year comparable periodAdjusted EBITDA was negative $0.6 million for the third quarter of 2022, c

LAKE BARRINGTON, IL / ACCESSWIRE / November 3, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Wednesday, November 16, 2022 at 10:00 am ET to review its third quarter 2022 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/46944. For those planning to participate on the call, please dial +1-888-506-0062 (domestic) or +1-973-528-0011 (international). The Conference ID is 18486

Second Quarter and Six-Month 2022 Financial HighlightsNet sales of $4.4 million, as compared to $5.7 million in the prior year periodDespite a strong start in April, the elevated price of helium impacted foil balloon customer demand significantly during May and JuneNet loss of $0.10 per share, as compared to a gain of $0.27 per share in the prior year period, which included a one-time gain on the sale of a building of approximately $3.4 million, or $0.57 per shareAdjusted EBITDA improved significantly to positive $6,000 from a loss of ($502,000) during Q2 2021Adjusted EBITDA for the first six-months of 2022 was $346,000 compared to a loss of $(410,000) for the comparable period in 2021Busine

LAKE BARRINGTON, IL / ACCESSWIRE / August 2, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Tuesday, August 16, 2022 at 10:00 am ET to review its second quarter 2022 financial results.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/46252. For those planning to participate on the call, please dial +1-888-506-0062 for domestic calls, or +1-973-528-0011 for international calls. The Conference

First Quarter 2022 Financial HighlightsNet sales of $5.8 million, as compared to $6.6 million in the prior year periodNet sales affected by timing of a portion of Mother's Day product shipments which shipped in early April this year instead of late March last yearNet loss of $0.04 per share, as compared to a loss of $0.36 per share in the prior year period, which includes the loss attributable to the Company's Flexo Universal ("Flexo") subsidiary. The Company disposed of its Flexo subsidiary during October 2021.Adjusted EBITDA was approximately $340,000 compared to $92,000 in the prior year period, again, including the loss posted by the former subsidiaryBusiness HighlightsContinuing strong

LAKE BARRINGTON, IL / ACCESSWIRE / May 12, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Thursday, May 19, 2022 at 10:00 am ET to review its first quarter 2022 financial results. The Company expects to file its quarterly report on form 10-Q for the quarter ended March 31, 2022 with the Securities & Exchange Commission on or about May 16, 2022.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/286

Financial Results (Unaudited)Net sales increased 14% to $24.1 million as compared to $21.1 in the previous yearGross profit increased to $3.8 million, or 22.6% as compared to $3.1 million in the previous yearNet loss per share includes the net disposition cost of our Flexo subsidiaryBusiness HighlightsCompleted realignment of operations to position the Company for improved performance and growthSuccessfully refinanced term loan obligations and entered into a new Revolving Credit and Security AgreementAppointed Frank Cesario as Chief Executive Officer and Added Three New Independent Board MembersLAKE BARRINGTON, IL / ACCESSWIRE / April 13, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI"

LAKE BARRINGTON, IL / ACCESSWIRE / March 30, 2022 / Yunhong CTI Ltd. (NASDAQ:CTIB) ("Yunhong CTI" or the "Company"), a leading manufacturer of custom film products, foil and latex novelty balloons, and flexible packaging products, today announced that the Company will be hosting an investor conference call and live webcast on Wednesday, April 13, 2022 at 10:00 am ET to review its financial results from 2021 and discuss its business as it begins 2022.Conference Call / Webcast InformationThe live webcast will be available at https://www.webcaster4.com/Webcast/Page/2863/45069. For those planning to participate on the call, please dial +1-888-506-0062 for domestic calls, or +1-973-528-0011 for i