The following is a summary of the Yunhong Green CTI Ltd (YHGJ) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Yunhong Green CTI Ltd reported Q4 revenue surpassing the prior year by $1.2 million, pushing year-to-date sales to $17.8 million in 2023.

• Gross margins improved to 18% in 2023 vs 17% the previous year.

• Yunhong Green CTI marked significant improvement in net income and adjusted EBITDA with a $1.2 million and $1 million increase, respectively.

• Earnings per share showed a positive transition from a $0.22 loss to a $0.01 loss.

Business Progress:

• The company implemented automation in two manufacturing lines, contributing to increased efficiency and reduced labor costs.

• Plans are in place to establish a third automated line in 2024.

• The firm purchased a manufacturing facility in Hubei, China as a strategic move to expand into compostable material business.

• They issued up to 5 million shares of its common stock to finance the Hubei facility.

• The company is developing and marketing patented compostable, biodegradable, and recyclable materials to promote environmental sustainability.

• The company is noted to be shifting from everyday business to seasonal business, setting inventory build-up for Mother's Day, Father's Day, and graduation season.

More details: Yunhong Green CTI IR

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