Nocopi Technologies Reports Third Quarter Results
Key Highlights
- ➤Revenue $3.329 million, up 763% year over year
- ➤Net income $1.397 million, versus a $0.027 million loss
- ➤Gross profit $2.203 million, with margin expanding to 66%
- ➤Cash, investments $10.278 million; no debt outstanding
- ➤License renewed through June 2030, adding a royalty-bearing product line
Expert Statements
Gregory S. Babe, Executive Director of Operations, Nocopi Technologies
“The acquisition marks a milestone in Nocopi’s longer-term expansion plans. It adds in-house screen and digital ink manufacturing, a broader commercial footprint and an established customer base in markets not previously served. Together, these give us a more diversified revenue base that complements our royalty and license revenue”
Kevin C. Westenburg, President, Nocopi Technologies
“Currently, we are heavily focused on positioning Nocopi, inclusive of Polymeric, for long-term growth by strengthening customer relationships, attracting new customers, and expanding applications for existing products, while at the same time continuing to search for accretive acquisition opportunities where we believe we have a competitive advantage in growing the business through existing relationships or our in-house knowledge base”
Kevin C. Westenburg, President, Nocopi Technologies
“That means running these operations with discipline and growing free cash flow to compound value for shareholders.”
Matthew C. Winger, Chairman and Chief Executive Officer, Nocopi Technologies
“Our approach to growth is balanced and disciplined”
Matthew C. Winger, Chairman and Chief Executive Officer, Nocopi Technologies
“We see real opportunity to grow the business we have, and that remains our first priority. At the same time, Polymeric showed the value a well-chosen acquisition can bring, expanding our capabilities and footprint in ways that really complement our core operations. We continue to seek acquisitions that have the potential to strengthen our platform, improve our cash flow profile and have long-term growth potential. We will only proceed where we are confident the transaction creates meaningful value for our shareholders.”
KING OF PRUSSIA, Pa., Nov. 12, 2026 (GLOBE NEWSWIRE) -- Nocopi Technologies, Inc. (“Nocopi Technologies” or the “Company”; OTCQB: NNUP) today reported financial results for the quarter ended September 30, 2026.
2026 Third Quarter Highlights * Total revenues increased 763% to $3.329 million in the fiscal 2026 third quarter, as compared to $0.386 million in the fiscal 2025 third quarter. This was driven in part by an early license renewal that extended the term and added newly developed product technologies, as well as revenue from the previously announced Polymeric acquisition. * Gross profit increased to $2.203 million in the fiscal 2026 third quarter, as compared to $0.178 million in the fiscal 2025 third quarter. * Net income was $1.397 million, or $0.12 per share, in the fiscal 2026 third quarter, as compared to a net loss of $(0.027) million, or $(0.00) per share, in the fiscal 2025 third quarter. * Net cash used in operating activities for the nine months ended September 30, 2026 was $(0.366) million, as compared to net cash provided by operating activities of $0.658 million for the nine months ended September 30, 2025. The change primarily reflects an increase in long-term receivables, largely related to guaranteed minimum royalties under the renewed license agreement that will be collected over the license term. * Cash and cash equivalents, marketable securities, and held-to-maturity investments totaled $10.278 million at the end of the 2026 third quarter, with no debt outstanding. Revenue and Gross Profit
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