Sector: Basic Materials | Industry: Specialty Chemicals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 480 Shoemaker Road, Suite 104 KING OF PRUSSIA PA 19406 |
Tel: | N/A |
Website: | https://www.nocopi.com |
IR: | See website |
Key People | ||
Michael S. Liebowitz Chairman of the Board, Chief Executive Officer | Debra Glickman Chief Financial Officer | Terry W. Stovold Chief Operating Officer | Matthew C. Winger Executive Vice President - Corporate Development, Director |
Business Overview |
Nocopi Technologies, Inc. develops and markets specialty reactive inks for multiple applications across various industries. Its specialty inks are used by its customers for a range of purposes, from bringing entertainment products to life with a variety of color activations to providing document and brand authentication for security purposes aimed at reducing losses caused by fraudulent document reproduction or by product counterfeiting and/or diversion. Its primary markets are the large educational and toy products industry and the document and product authentication industry. It has patent protection on substantially all of its security inks, including its Rub & Reveal system and its Rub-It & Color technology. Across the Entertainment and Toy Products category, it markets its Rub-it & Color technology, which consists of specialty inks that are produced in a variety of colors and can be revealed by rubbing with a fingernail or other firm object, such as a plastic pen cap. |
Financial Overview |
For the fiscal year ended 31 December 2023, Nocopi Technologies, Inc. revenues decreased 55% to $2.1M. Net loss totaled $1.4M vs. income of $1.8M. Revenues reflect North America segment decrease of 82% to $592K, Australia segment decrease of 84% to $52K. Net loss reflects General and administrative increase from $1.2M to $2.5M (expense), Research and development increase of 16% to $163K (expense). |
Employees: | 7 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $17.05M as of Dec 31, 2023 |
Annual revenue (TTM): | $2.08M as of Dec 31, 2023 |
EBITDA (TTM): | -$1.82M as of Dec 31, 2023 |
Net annual income (TTM): | -$1.44M as of Dec 31, 2023 |
Free cash flow (TTM): | -$0.05M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 10,501,178 as of Mar 11, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |