Yunhong Green Cti Ltd (OQ:YHGJ)
Business Focus: Non-Paper Containers & Packaging
| Sector: Basic Materials | Industry: Non-Paper Containers & Packaging |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 22160 N Pepper Rd BARRINGTON IL 60010 |
| Tel: | 1-646-4187002 |
| Website: | https://ctiindustries.com |
| IR: | See website |
| Key People | ||
| Yubao Li Chairman of the Board. | Frank J. Cesario Chief Executive Officer, Acting Chief Financial Officer, Director | Jana M. Schwan Chief Operating Officer |
| Business Overview |
| Yunhong Green CTI Ltd. develops, produces, distributes and sells a number of consumer products throughout the United States and in several other countries. The Company produces film products for commercial and industrial uses in the United States. It also develops products which employ flexible films, including novelty balloons, pouches and films for commercial packaging applications. Its principal lines of products include Novelty Products and Flexible Films. Novelty Products consist principally of foil and latex balloons and related gift items. Flexible Films is for food and other commercial and packaging applications. It is also engaged in assembly and sale of balloon-inspired gift items (small gift bouquets of arranged candy items often, including ribbons and/or a small foil balloon). It markets and sells its foil and latex balloons and related novelty items throughout the United States, Canada and Mexico and in a number of other countries. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Yunhong Green Cti Ltd revenues decreased 1% to $17.8M. Net loss applicable to common stockholders decreased 88% to $246K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects General and Administrative decrease of 19% to $3M (expense), Other income/(expense) increase from $103K to $792K (income). |
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