Earnings Releases·Nov 12, 2026, 5:08 PM ET

Nocopi Technologies — Third Quarter 2026 Earnings Summary

Total revenues surged 763% year-over-year to $3.329 million for the three months ended September 30, 2026, driven by the Polymeric acquisition and a new multi-year license agreement, while net income turned positive at $1.397 million compared to a loss in the prior year period.
Nine-month revenues increased 282% to $4.680 million, with gross profit margins expanding to 66% from 46% in the prior year, though net cash used in operating activities for the nine months was $0.366 million versus $0.658 million provided previously.
Management is actively pursuing accretive acquisition opportunities to strengthen the platform and improve cash flow, following the May 2026 acquisition of Polymeric which added manufacturing capabilities and an established customer base.
The company maintains a strong balance sheet with $10.278 million in cash and investments, no debt outstanding, and $11.266 million in working capital, while prioritizing disciplined operations to compound shareholder value.