Yunhong CTI Ltd. - CTIB STOCK NEWS

Yunhong CTI Ltd. reported Q2 2022 net sales of $4.4 million, down from $5.7 million in Q2 2021, impacted by high helium prices, especially in May and June. The net loss per share was $0.10 compared to a gain of $0.27 in the previous year, which included a one-time gain from real estate sale. Adjusted EBITDA improved to $6,000 from a loss of $502,000 in Q2 2021. The company forecasts over $1.2 million in Adjusted EBITDA for the full year 2022, citing strong demand for foil balloons despite challenges.

Yunhong CTI Ltd. (Nasdaq:CTIB) announced the establishment of Yunhong Biotechnology, Inc. in California, introducing patented advanced materials aimed at providing compostable alternatives to traditional materials. This move aligns with growing demand for environmentally sustainable products due to stricter regulations and market projections indicating the Global Compostable Foodservice Packaging Market could exceed USD 18 billion in 2022 and grow to USD 32 billion by 2028. YB's products will be manufactured in the US, enhancing the company’s capacity to meet retail customer needs.

Yunhong CTI Ltd. (Nasdaq: CTIB) announced an investor conference call and live webcast to discuss its second quarter 2022 financial results on August 16, 2022, at 10:00 AM ET. Interested participants can access the live webcast here or join via phone at +1-888-506-0062 (domestic) or +1-973-528-0011 (international), using Conference ID #354537. A replay will be available for two weeks post-call. The company specializes in foil balloons and flexible packaging, with operations in the U.S. and other countries.

Yunhong CTI (CTIB) reported Q1 2022 financial results, with net sales of $5.8 million, down from $6.6 million in the previous year due to delayed Mother's Day shipments. The company posted a net loss of $21,000 compared to a $381,000 loss in Q1 2021, reflecting improved operations post-Flexo subsidiary disposal. Adjusted EBITDA rose significantly to $340,000 from $92,000 year-over-year. Strong demand persists, and the company forecasts over $1.2 million in full-year Adjusted EBITDA for 2022.

Yunhong CTI Ltd. (NASDAQ:CTIB) will hold an investor conference call and live webcast on May 19, 2022, at 10:00 am ET, to discuss its first quarter 2022 financial results. The quarterly report on Form 10-Q is expected to be filed on or about May 16, 2022. Participants can access the webcast here. A replay will be available for two weeks following the call. Yunhong CTI is a leading manufacturer of custom film products and foil balloons.

Yunhong CTI Ltd. (NASDAQ: CTIB) reported a 14% increase in net sales to $24.1 million for 2021, up from $21.1 million in 2020, largely due to growth in foil balloon sales. Gross profit rose to $3.8 million, accounting for 22.6% of net sales, compared to $3.1 million the previous year. However, net loss applicable to common shareholders increased to ($11.8 million), impacted by approximately $10 million in costs from the disposition of the Flexo subsidiary. The company has completed its operational realignment and refinancing, aiming for sustainable growth.

Yunhong CTI Ltd. (NASDAQ:CTIB) will host an investor conference call and live webcast on April 13, 2022, at 10:00 am ET. The call aims to review the Company's 2021 financial results and discuss its business outlook for 2022. Participants can join via the webcast at this link or by calling +1-888-506-0062 for domestic or +1-973-528-0011 for international access, using Conference ID #714177. A replay will be available for two weeks post-call. Yunhong CTI specializes in foil and latex balloons and flexible packaging.

Yunhong CTI Ltd. (NASDAQ:CTIB) reported impressive sales data for Valentine's Day 2022, achieving a 96% sell-through rate on their Candy Blossom gift items, up from 93% last year. Additionally, stick balloon sales rose to 84% from 79% year-over-year. The company attributes this growth to a 27% increase in order flow driven by last year's strong performance. With business restructuring largely complete and a new credit facility in place, Yunhong CTI is well-positioned for future growth. Preliminary sales data are subject to change and have not been audited.

Yunhong CTI Ltd. (CTIB) has appointed Frank Cesario as the new Chief Executive Officer, effective January 2022. Cesario, a seasoned leader with over 20 years of experience, previously served as CEO, President, and CFO of the company. The board also welcomes three new independent directors: Douglas Bosley, Philip Wong, and Gerald Roberts. Chairman Yubao Li emphasized the positive growth trajectory of the company and the valuable contributions expected from the new board members to enhance shareholder returns.