Nocopi Technologies (NNUP) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 763% YoY to $3.329M from $386K; net income was $1.397M versus a $27K loss, driven by a license renewal and Polymeric revenue.

• 9M revenue was $4.680M versus $1.225M, and net income was $863K versus a $60K loss; Polymeric contributed $1.931M revenue and $184K net income from May 18 through September 30.

Financial highlights

• Q3 licenses, royalties and fees were $1.731M versus $110K; product and other sales were $1.598M versus $276K. 9M amounts were $1.897M and $2.782M, respectively.

• Q3 gross profit was $2.203M, or 66% of revenue, versus $178K, or 46%; 9M gross profit was $2.751M, or 59%, versus $643K, or 52%.

• Operating income was $1.221M in Q3 versus a $143K loss; 9M operating income was $492K versus a $401K loss. Diluted EPS was $0.12 for Q3 and $0.07 for 9M.

• Other income was $201K in Q3 and $396K for 9M; Q3 included a $109K unrealized equity-securities gain. Income tax expense was $25K for Q3 and 9M.

• 9M operating cash flow was negative $366K versus positive $658K, primarily reflecting higher long-term receivables tied to guaranteed minimum royalties.

Outlook and guidance

• Existing cash resources are expected to fund planned operations for 12 months; priorities include growing license relationships, broadening applications and customers, increasing free cash flow and supporting security-ink sales.

• Further acquisitions are being evaluated, with no definitive agreement entered into as of the filing; future deals could use debt, equity, cash, services or a combination.

• Polymeric integration was on plan and operations were tracking expectations; cost-structure optimization continued. Capital equipment investment depends on available resources, and growth initiatives may not generate revenue or positive cash flow.