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Background Nocopi Technologies, Inc. develops and markets specialty reactive inks for multiple applications across various industries. Our specialty inks are used by our 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 fraudule…
The business is unprofitable at the operating level (-40.26% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 29.5% YoY. The question is whether this is cyclical or a structural shift.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$1M
▼ -29.5% YoY
Net Income (TTM)
-$243K
▲ +94.2% YoY
Op. Margin
-48.21%
▲ +115.6pp YoY
ROIC
-3.85%
▲ +16.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$304K
▲ +22.1% YoY
Op. Cash Flow (TTM)
$317K
▲ +20.0% YoY
Net Debt
-$12M
Net Cash Position
Cash & Equiv.
$12M
5Y CAGR: -10.9%
5Y CAGR: +1.5%
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