Nocopi Technolog Financials
This page shows Nocopi Technolog (NNUP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Nocopi Technolog has an operating margin of -155.8%, meaning the company retains $-156 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -89.8% the prior year.
Nocopi Technolog's revenue grew a modest 1.6% year-over-year to $2.1M. This slow but positive growth earns a score of 33/100.
Nocopi Technolog carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 65.79, Nocopi Technolog holds $65.79 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Nocopi Technolog converts 27.6% of revenue into free cash flow ($585K). This strong cash generation earns a score of 100/100.
Nocopi Technolog passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Nocopi Technolog generates $-0.22 in operating cash flow ($595K OCF vs -$2.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Nocopi Technolog earns $-141.6 in operating income for every $1 of interest expense (-$3.3M vs $23K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Nocopi Technolog generated $2.1M in revenue in fiscal year 2024. This represents an increase of 1.6% from the prior year.
Nocopi Technolog's EBITDA was -$3.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 79.3% from the prior year.
Nocopi Technolog generated $585K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1323.6% from the prior year.
Nocopi Technolog reported -$2.7M in net income in fiscal year 2024. This represents a decrease of 86.6% from the prior year.
Nocopi Technolog earned $-0.25 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 66.7% from the prior year.
Nocopi Technolog held $10.8M in cash against $0 in long-term debt as of fiscal year 2024.
Nocopi Technolog had 11M shares outstanding in fiscal year 2024. This represents an increase of 2.8% from the prior year.
Nocopi Technolog's gross margin was 51.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.
Nocopi Technolog's operating margin was -155.8% in fiscal year 2024, reflecting core business profitability. This is down 66.1 percentage points from the prior year.
Nocopi Technolog's net profit margin was -126.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 57.6 percentage points from the prior year.
Nocopi Technolog invested $178K in research and development in fiscal year 2024. This represents an increase of 9.1% from the prior year.
Nocopi Technolog invested $10K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 65.3% from the prior year.
NNUP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $386K+7.2% | $360K-24.8% | $479K-19.1% | $592K+29.0% | $459K+15.2% | $398K+25.4% | $318K-44.8% | $575K |
| Cost of Revenue | $208K+23.6% | $169K-17.9% | $205K-23.4% | $268K+17.2% | $229K-1.7% | $233K+43.2% | $163K-47.6% | $310K |
| Gross Profit | $178K-7.3% | $192K-30.0% | $274K-15.6% | $324K+40.7% | $230K+39.1% | $166K+6.8% | $155K-41.5% | $265K |
| R&D Expenses | $44K+0.9% | $43K-4.0% | $45K-11.9% | $51K+21.4% | $42K+1.7% | $41K-4.8% | $44K+9.3% | $40K |
| SG&A Expenses | $205K-22.1% | $264K+17.9% | $224K-68.2% | $703K-44.0% | $1.3M+3.3% | $1.2M-5.1% | $1.3M+53.5% | $834K |
| Operating Income | -$143K+17.3% | -$173K-101.0% | -$86K+83.4% | -$516K+54.8% | -$1.1M+1.5% | -$1.2M+5.0% | -$1.2M-79.6% | -$680K |
| Interest Expense | $6K0.0% | $6K+3.4% | $6K-1.7% | $6K+3.4% | $6K+1.8% | $6K-3.4% | $6K+47.5% | $4K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0+100.0% | -$161K |
| Net Income | -$27K+54.3% | -$59K-329.8% | $26K+106.5% | -$394K+60.8% | -$1.0M+2.2% | -$1.0M+5.8% | -$1.1M-140.9% | -$453K |
| EPS (Diluted) | $0.00+100.0% | $-0.01-600.0% | $0.00+106.7% | $-0.03+70.0% | $-0.100.0% | $-0.10+9.1% | $-0.11-120.0% | $-0.05 |
NNUP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.1M-0.7% | $14.2M+1.2% | $14.0M+0.8% | $13.9M-0.1% | $13.9M+0.2% | $13.9M-0.7% | $14.0M-2.8% | $14.4M |
| Current Assets | $13.0M+0.6% | $12.9M+0.8% | $12.8M+1.8% | $12.6M+2.5% | $12.3M+0.9% | $12.2M+0.5% | $12.1M-1.7% | $12.3M |
| Cash & Equivalents | $11.5M+1.8% | $11.3M+0.8% | $11.2M+3.4% | $10.8M+131.7% | $4.7M+29.9% | $3.6M+58.7% | $2.3M-78.3% | $10.5M |
| Inventory | $404K+8.6% | $372K+14.9% | $324K-7.4% | $350K+9.5% | $319K-13.8% | $370K-17.3% | $448K+16.5% | $385K |
| Accounts Receivable | $987K-13.0% | $1.1M-3.8% | $1.2M-4.5% | $1.2M+12.4% | $1.1M+11.9% | $982K-12.4% | $1.1M-17.5% | $1.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $429K-27.2% | $589K+61.8% | $364K+29.3% | $282K-92.1% | $3.6M+40.6% | $2.6M+57.9% | $1.6M+75.4% | $921K |
| Current Liabilities | $255K-41.7% | $438K+56.2% | $281K+46.7% | $191K-94.5% | $3.5M+43.0% | $2.4M+63.5% | $1.5M+90.3% | $781K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $13.7M+0.5% | $13.6M-0.4% | $13.7M+0.2% | $13.6M+31.8% | $10.3M-8.9% | $11.4M-8.3% | $12.4M-8.1% | $13.5M |
| Retained Earnings | -$12.1M-0.2% | -$12.1M-0.5% | -$12.0M+0.2% | -$12.0M-5.7% | -$11.4M-9.7% | -$10.4M-11.0% | -$9.4M-13.2% | -$8.3M |
NNUP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $203K+136.7% | $86K-76.8% | $370K+465.3% | -$101K-965.3% | -$10K-103.6% | $264K+241.7% | -$187K-723.7% | $30K |
| Capital Expenditures | $0 | $0 | $0 | $0-100.0% | $700-91.3% | $8K | $0-100.0% | $17K |
| Free Cash Flow | $203K+136.7% | $86K-76.8% | $370K+465.3% | -$101K-892.2% | -$10K-104.0% | $256K+237.4% | -$187K-1502.3% | $13K |
| Investing Cash Flow | $0 | $0 | $0 | $0-100.0% | $1.1M+1.9% | $1.1M+129.6% | -$3.6M-21589.2% | -$17K |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NNUP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.0%-7.2pp | 53.2%-3.9pp | 57.1%+2.4pp | 54.7%+4.6pp | 50.2%+8.6pp | 41.6%-7.2pp | 48.8%+2.7pp | 46.1% |
| Operating Margin | -37.0%+10.9pp | -47.9%-30.0pp | -17.9%+69.2pp | -87.2%+161.7pp | -248.9%+42.2pp | -291.1%+93.3pp | -384.5%-266.3pp | -118.2% |
| Net Margin | -7.0%+9.3pp | -16.3%-21.6pp | 5.3%+71.9pp | -66.6%+152.5pp | -219.0%+39.1pp | -258.2%+85.8pp | -343.9%-265.1pp | -78.8% |
| Return on Equity | N/A | N/A | 0.2% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.2%+0.2pp | -0.4%-0.6pp | 0.2%+3.0pp | -2.8%+4.4pp | -7.2%+0.2pp | -7.4%+0.4pp | -7.8%-4.7pp | -3.1% |
| Current Ratio | 50.87+21.4 | 29.48-16.2 | 45.66-20.1 | 65.79+62.3 | 3.53-1.5 | 5.01-3.1 | 8.14-7.6 | 15.77 |
| Debt-to-Equity | 0.03-0.0 | 0.04+0.0 | 0.030.0 | 0.02-0.3 | 0.35+0.1 | 0.22+0.1 | 0.13+0.1 | 0.07 |
| FCF Margin | 52.5%+28.7pp | 23.8%-53.4pp | 77.2%+94.3pp | -17.1%-14.9pp | -2.2%-66.5pp | 64.3%+123.1pp | -58.7%-61.1pp | 2.3% |
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Frequently Asked Questions
What is Nocopi Technolog's annual revenue?
Nocopi Technolog (NNUP) reported $2.1M in total revenue for fiscal year 2024. This represents a 1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nocopi Technolog's revenue growing?
Nocopi Technolog (NNUP) revenue grew by 1.6% year-over-year, from $2.1M to $2.1M in fiscal year 2024.
Is Nocopi Technolog profitable?
No, Nocopi Technolog (NNUP) reported a net income of -$2.7M in fiscal year 2024, with a net profit margin of -126.5%.
What is Nocopi Technolog's earnings per share (EPS)?
Nocopi Technolog (NNUP) reported diluted earnings per share of $-0.25 for fiscal year 2024. This represents a -66.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Nocopi Technolog's EBITDA?
Nocopi Technolog (NNUP) had EBITDA of -$3.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Nocopi Technolog's gross margin?
Nocopi Technolog (NNUP) had a gross margin of 51.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Nocopi Technolog's operating margin?
Nocopi Technolog (NNUP) had an operating margin of -155.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Nocopi Technolog's net profit margin?
Nocopi Technolog (NNUP) had a net profit margin of -126.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Nocopi Technolog's free cash flow?
Nocopi Technolog (NNUP) generated $585K in free cash flow during fiscal year 2024. This represents a 1323.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Nocopi Technolog's operating cash flow?
Nocopi Technolog (NNUP) generated $595K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Nocopi Technolog's total assets?
Nocopi Technolog (NNUP) had $13.9M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Nocopi Technolog's capital expenditures?
Nocopi Technolog (NNUP) invested $10K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Nocopi Technolog spend on research and development?
Nocopi Technolog (NNUP) invested $178K in research and development during fiscal year 2024.
How many shares does Nocopi Technolog have outstanding?
Nocopi Technolog (NNUP) had 11M shares outstanding as of fiscal year 2024.
What is Nocopi Technolog's current ratio?
Nocopi Technolog (NNUP) had a current ratio of 65.79 as of fiscal year 2024, which is generally considered healthy.
What is Nocopi Technolog's debt-to-equity ratio?
Nocopi Technolog (NNUP) had a debt-to-equity ratio of 0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nocopi Technolog's return on assets (ROA)?
Nocopi Technolog (NNUP) had a return on assets of -19.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Nocopi Technolog's Piotroski F-Score?
Nocopi Technolog (NNUP) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nocopi Technolog's earnings high quality?
Nocopi Technolog (NNUP) has an earnings quality ratio of -0.22x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Nocopi Technolog cover its interest payments?
Nocopi Technolog (NNUP) has an interest coverage ratio of -141.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Nocopi Technolog?
Nocopi Technolog (NNUP) scores 67 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.