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NTIC Price Correlated With Financials For Northern Technologies International

Free historical financial statements for Northern Technologies International Corp.. See how revenue, income, cash flow, and balance sheet financials have changed over 44 quarters since 2011. Compare with NTIC stock chart to see long term trends.

NTIC Stock Compared to Quarterly

NTIC Income Statement

Revenue, Net:20251917
Revenue Per Share:2.1622
Cost of Goods & Services Sold:14112678
Gross Profit:6139239
Selling, General & Admin Expense:null
Research & Development Expense:1217897
Total Operating Expenses:7521601
Operating Income:1613305
Income Taxes:613399
Net Income:957353
Earnings Per Share, Basic:0.07
Shares Outstanding, Basic Avg:9366357

NTIC Cash Flow

Operating Activities Net Income:

NTIC Balance Sheet

Cash and Cash Equivalents:5333890
Inventories:16341729
Total Current Assets:40234881
Property, Plant & Equipment, Net:12170493
Total Assets:86193953
Accounts Payable:7796494
Total Short-Term Liabilities:17065401

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Punch & Associates Investment Management, Inc.
511,232 sh
5 sh
0%
$6,804
$2,024
22NW, Lp
403,215 sh
 
$5,367
Rutabaga Capital Management LLC/Ma
387,416 sh
65,817 sh
20%
$5,157
$2,150
Vanguard Group Inc
350,562 sh
 
$4,666
Dimensional Fund Advisors LP
337,144 sh
395 sh
0%
$4,487
$1,338
Perritt Capital Management Inc
267,329 sh
 
$3,558
Meros Investment Management, LP
206,762 sh
-267 sh
0%
$2,752
$816
Ballast Advisors LLC
191,000 sh
 
$2,542
Renaissance Technologies LLC
94,877 sh
-27,200 sh
-22%
$1,263
-$204
Geode Capital Management, LLC
62,742 sh
312 sh
0%
$835
$252
Wilen Investment Management Corp.
46,089 sh
-3,905 sh
-8%
$576
$126
Essex Investment Management Co LLC
46,025 sh
-3,156 sh
-6%
$613
$153
Sheets Smith Wealth Management
44,154 sh
19 sh
0%
$588
$175
Westwood Management Corp /Il/
41,544 sh
 
$553
Bridgeway Capital Management Inc
30,052 sh
252 sh
1%
$400
$121
Stifel Financial Corp
28,322 sh
441 sh
2%
$377
$116
Blackrock Inc.
27,883 sh
-1,323 sh
-5%
$372
$98
Diamond Hill Capital Management Inc
25,301 sh
 
$337
Pnc Financial Services Group, Inc.
20,377 sh
377 sh
2%
$271
$83
State Street Corp
19,227 sh
 
$256
COMPANY PROFILE
1. NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

Nature of Business – Northern Technologies International Corporation and its Subsidiaries (collectively, the Company) develop and market proprietary environmentally beneficial products and services in over 65 countries either directly or via a network of joint ventures, independent distributors, and agents. The Company’s primary business is corrosion prevention marketed mainly under the ZERUST® brand. The Company has been selling its proprietary ZERUST® rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military, and retail consumer markets for over 45 years and, more recently, has targeted and expanded into the oil and gas industry. The Company also sells a portfolio of bio-based and certified compostable (fully biodegradable) polymer resin compounds and finished products under the Natur-Tec® brand. These products are intended to reduce the Company’s customers’ carbon footprint and provide environmentally sound disposal options. The Company’s two operating segments are ZERUST and Natur-Tec.

The Company participates, either directly or indirectly, in 18 active joint venture arrangements in North America, Europe, and Asia. Each of these joint ventures generally manufactures and markets products in the geographic territory to which it is assigned. While most of the Company’s joint ventures exclusively sell rust and corrosion inhibiting products, some of the joint ventures also sell the Company’s Natur-Tec® resin compounds and finished products. The profits of joint ventures are shared by the respective joint venture owners in accordance with their respective ownership percentages. The Company typically owns 50% or less of its joint venture entities and does not control the decisions of these entities, including dividend declaration or amount in any given year.

Impact of COVID- 19 Pandemic – In March 2020, the World Health Organization declared the novel coronavirus (COVID- 19) outbreak a global pandemic. As a result of the COVID- 19 pandemic and related government mandated restrictions on the Company’s business as well as the businesses of its joint ventures, customers and suppliers, disruption to the Company’s business and the manufacture and sale of its products and services has occurred and is expected to continue into fiscal 2022. In fiscal year 2021, the Company was impacted by shipping issues, including freight container shortages, shipping delays, and increased costs, and supply chain issues, including longer lead times and raw material cost increases.

Principles of Consolidation – NTIC evaluates its voting and variable interests in entities on a qualitative and quantitative basis. NTIC consolidates entities in which it concludes it has the power to direct the activities that most significantly impact an entity’s economic success and has the obligation to absorb losses or the right to receive benefits that could be significant to the entity. The consolidated financial statements include the accounts of Northern Technologies International Corporation, its wholly-owned subsidiaries, Northern Technologies Holding Company, LLC, NTIC (Shanghai) Co., Ltd. (NTIC China), ZERUST-EXCOR MEXICO, S. de R.L. de C.V (Zerust Mexico), NTIC Europe GmbH (NTI Europe), NTIC’s majority-owned subsidiary in India, Natur-Tec India Private Limited (Natur-Tec India), NTIC’s majority-owned subsidiary in Brazil, Zerust Prevenção de Corrosão S.A. (Zerust Brazil), NTIC’s majority-owned subsidiary in Sri Lanka, Natur Tec Lanka (Pvt) Ltd (Natur Tec Lanka), and NTIC’s majority-owned holding company, NTI Asean LLC (NTI Asean), and its wholly owned subsidiaries Zerust Singapore Pte Ltd (Zerust Singapore) and Zerust Vietnam Co. Ltd (Zerust Vietnam). NTIC’s consolidated financial statements do not include the accounts of any of its joint ventures. Effective as of September 1, 2021, Harita-NTI Limited (Harita-NTI) will be consolidated in the C

Data imported from Northern Technologies International Corp. SEC filings. Check original filings before making any investment decision.