NNUP
Nocopi Technologies, Inc.1.5310
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
16.56MP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
8-K
Private placement raises $0.4M
Nocopi Technologies entered Stock Purchase Agreements on December 31, 2025, for a private placement of 266,666 common shares at $1.50 each to institutional investors, including President Kevin Westenburg's 33,333-share buy. Closing is expected by January 9, 2026, yielding ~$0.4 million gross proceeds. Registration rights require a resale statement by January 9, 2027. Shares stay restricted absent registration.
8-K
Nocopi appoints independent director
Nocopi Technologies appointed Eric Sites as a Class I Director on December 15, 2025, filling a board vacancy until the 2028 shareholder meeting. A Horizon Kinetics VP and portfolio manager with prior directorships at exchanges and funds, Sites is deemed independent under NYSE and Nasdaq rules. No related-party deals or family ties disclosed. Board gains finance expertise.
10-Q
Q3 FY2025 results
Nocopi Technologies posted Q3 revenues of $385,800, down 42% y/y from $668,400 yet with gross margins steady at 46% versus 57% last year, thanks to higher-margin licenses and royalties comprising 29% of mix. Operating loss narrowed sharply to $142,700 from $482,300 y/y, driven by 72% lower G&A expenses after hefty prior-year stock-based comp; net loss shrank to $26,800 from $251,100, offset by $115,900 other income mainly from interest. YTD through September 30, 2025, revenues fell 20% to $1,224,800 but swung to modest $59,900 net loss from $2.3M prior-year hole, with operating cash flow at $657,900. Cash swelled to $11.5M atop negligible debt, while Asia took 63% of Q3 sales from two customers at 82%. Shares outstanding ticked up slightly; EPS aligns. Customer concentration bites hard.
10-Q
Q2 FY2025 results
Nocopi Technologies posted Q2 revenues of $360,000, down 22% y/y yet buoyed by licenses/royalties up 57% y/y to $140,100 while product sales dropped 41% y/y; gross margin lifted to 53% from 50%. Operating loss narrowed to $172,500 from $1,142,400, thanks to G&A plunging 79% on lower stock-based comp, driving net loss to $58,600 ($0.01/share) versus $1,005,400 ($0.10/share) last year—EPS aligns with 10.8M shares. YTD revenue dipped 2% to $839,000 but gross profit soared 17% to $465,200 (55% margin) on royalty surge; ops cash flow hit $455,300, cash at $11.3M. No debt. Customer A took 58% of Q2 sales. Reliance on two big customers stings.
8-K
Say-on-pay rejected at AGM
Nocopi Technologies held its 2025 Annual Meeting on June 17, ratifying Stephano Slack LLC as auditors with overwhelming support (7.4M for votes). Say-on-pay failed badly, drawing 5.2M against votes. Board calls exec pay modest at ~$150K average, skewed by forfeited award. Shareholders spoke; board listens.
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