Gulf Resources, Inc.
4.9500-0.27 (-5.17%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · GURE · USD
Key Stats
Market Cap
6.61MP/E (TTM)
-Basic EPS (TTM)
-24.60Dividend Yield
0%Recent Filings
8-K
Reverse split for Nasdaq compliance
Gulf Resources implemented a 1-for-10 reverse stock split, effective October 27, 2025, slashing outstanding shares from 13.63 million to 1.36 million. This move aims to boost the bid price and secure Nasdaq Capital Market compliance. No fractional shares issued; trading resumes adjusted under GURE. Yet compliance hangs on sustained price gains.
8-K
Annual meeting approves key proposals
Gulf Resources, Inc. held its 2025 annual meeting on September 9, electing all seven director nominees with strong support, though broker non-votes hit 3.1 million shares. Stockholders ratified GGF CPA LTD. as auditors, approved a reverse stock split, the 2025 Stock Incentive Plan, and executive compensation on advisory basis. Yet, opposition to the split and plan exceeded 2 million and 1 million votes. This bolsters governance continuity amid liquidity pressures.
10-Q
Q2 FY2025 results
Gulf Resources posted Q2 revenue of $8.3M, up 250% y/y from $2.4M, driven by bromine sales surging 313% on higher prices and 152% more tonnes sold, while crude salt rose 27% on 22% better pricing. Gross margins flipped to 12% from a 115% loss, yet operating losses narrowed to $0.8M from $5.1M as shutdown costs eased 58%. Bromine utilization climbed to 26% from 9%, but chemical and natural gas segments stayed idle amid approvals. Cash dipped to $7.7M after $2.1M operating burn, with $1.1M finance leases outstanding at 6.7%; no revolver or covenants noted. Free cash flow not disclosed in the 10-Q. In June 2024, crude salt fields were acquired for ~$280M RMB (cash/stock mix, closed Feb 2025 with 2.1M shares issued), adding $1.3M depreciation drag. Regulatory hurdles persist for Factory No. 2, 10, and natural gas approvals.
8-K
Q2 revenue surges 250%
Gulf Resources reported Q2 2025 net revenue surging 250% to $8.3 million, driven by bromine sales jumping 313% to $7.7 million amid volatile pricing that rebounded to RMB 29,200 per tonne by August. Gross profits flipped to $987K from a $2.7M loss, narrowing the net loss to $774K or $0.06 per share, while six-month negative cash flow dropped sharply to $2.3 million. New salt fields promise boosted production capacity. Yet bromine prices remain unpredictable.
10-Q
Q1 FY2025 results
Gulf Resources posted Q1 FY2025 revenue of $1.6M, up 23% y/y from $1.3M, driven by bromine sales climbing 29% to $1.5M on a 45% higher average price despite 11% lower volume; crude salt added a modest 5% gain to $0.1M. Gross profit flipped to $10K from a $0.8M loss, with bromine's margin improving to -3.5% from -81%, yet operating loss narrowed just 13% to $4.6M amid persistent shutdown costs of $3.2M and G&A up 94% to $1.4M from stock-based comp. Diluted EPS of -$0.40 aligns with 11.7M shares. Cash dipped to $8.5M, with operating cash use at $1.6M; finance lease debt stands at $1.3M. Chemical relocation drags on, suspended until market clarity. Regulatory hurdles in China loom large.
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