Gulf Resources Announces First Quarter 2018 Results
Gulf Resources, Inc. (GURE)
US:NASDAQ Investor Relations:
gulfresourcesinc.com
Company Research
Source: GlobeNewswire
SHOUGUANG, China, May 10, 2018 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced the unaudited results for the first quarter ending March 31 2018. Three Months Ended March 31, 2018 Net Revenue declined 93% to $2,247,267.Gross Profit declined 92% to $1,005,458General and Administrative expenses increased 107% to $3,571,945.Loss from operations was $8,296,980.Net loss of $6,977,100.Loss per share was $0.15*.Cash flow from operations was $19,898,830 ($0.43* per share)Free cash flow was $19,407,977 ($0.41* per share).Cash on hand totaled $236,720,969 ($5.06* per share).Net net cash (cash minus all liabilities) totaled $224,913,009 ($4.81* per share).Shareholders’ Equity equaled $385,532,007 ($8.24* per share) With all of our facilities closed, our only revenue came from the sale of crude salt and limited chemical products that were in inven
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News
- Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice [Yahoo! Finance]Yahoo! Finance
- Gulf Resources Announces Receipt of Nasdaq Non-Compliance NoticeGlobeNewswire
- Gulf Resources Announces Change in Independent Auditors [Yahoo! Finance]Yahoo! Finance
- Gulf Resources Announces Change in Independent AuditorsGlobeNewswire
- Gulf Resources Provides Update on the Yuxin Chemical Factory [Yahoo! Finance]Yahoo! Finance
GURE
Sec Filings
- 4/19/24 - Form 8-K
- 4/16/24 - Form 8-K
- 3/28/24 - Form NT
- GURE's page on the SEC website