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Nocopi Technologies
(OTC:NNUP)
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Rating:59Neutral
Price Target:
$2.00
▲(1.52% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily driven by a mixed financial profile: strong revenue growth and currently positive free cash flow plus very low leverage, but meaningfully negative operating and net margins. Technicals add modest support with price holding above key moving averages and neutral momentum. Valuation is a drag due to negative earnings and no dividend data, while recent corporate events (notably the Polymeric acquisition and related financing/leadership additions) modestly improve the outlook.
Positive Factors
Revenue Growth
The return of strong top-line growth indicates improving demand and a broader revenue base. If sustained, this momentum can increase operating scale, support greater customer diversification, and provide a foundation for future margin improvement over the next several quarters.
Negative Factors
Severe Operating Losses
Substantial operating and net losses show that revenue growth is not yet translating into sustainable earnings. Continued losses can consume equity, constrain reinvestment, and make future performance highly dependent on achieving meaningful cost control and operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The return of strong top-line growth indicates improving demand and a broader revenue base. If sustained, this momentum can increase operating scale, support greater customer diversification, and provide a foundation for future margin improvement over the next several quarters.
Read all positive factors
Nocopi Technologies (NNUP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.76M
Dividend YieldN/A
Average Volume (3M)1.28K
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue Growth-4.48%
EPS Growth8.62%
CountryUS
Employees7
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-0.06
Shares Outstanding11,902,028
10 Day Avg. Volume736
30 Day Avg. Volume1,276
Financial Highlights & Ratios
PEG Ratio1.13
Price to Book (P/B)1.19
Price to Sales (P/S)10.84
P/FCF Ratio22.69
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nocopi Technologies Business Overview & Revenue Model
Company Description
Nocopi Technologies, Inc. specializes in the creation and commercialization of unique reactive inks, primarily for the educational and entertainment product sectors. They also provide advanced technological solutions for document and product verif...
Nocopi Technologies Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.01M | 1.49M | 2.12M | 2.08M | 4.63M | 1.95M |
| Gross Profit | 896.18K | 813.40K | 1.10M | 1.10M | 3.90M | 1.21M |
| EBITDA | -611.59K | -48.60K | -2.56M | -1.50M | 2.08M | 76.40K |
| Net Income | -656.03K | -154.90K | -2.68M | -1.44M | 1.81M | 49.40K |
Balance Sheet | ||||||
| Total Assets | 16.01M | 14.04M | 13.92M | 14.00M | 9.62M | 3.79M |
| Cash, Cash Equivalents and Short-Term Investments | 10.69M | 11.55M | 10.84M | 10.25M | 5.34M | 1.85M |
| Total Debt | 577.66K | 168.90K | 35.20K | 17.60K | 68.30K | 115.80K |
| Total Liabilities | 1.56M | 433.80K | 281.60K | 1.62M | 799.00K | 284.00K |
| Stockholders Equity | 14.45M | 13.60M | 13.64M | 12.38M | 8.82M | 3.51M |
Cash Flow | ||||||
| Free Cash Flow | 542.27K | 713.90K | 584.90K | -47.80K | -8.90K | 481.10K |
| Operating Cash Flow | 555.87K | 713.90K | 594.80K | -19.30K | -8.10K | 512.70K |
| Investing Cash Flow | -1.76M | 0.00 | 7.98M | -3.63M | -800.00 | -31.60K |
| Financing Cash Flow | 600.00K | 0.00 | 0.00 | 5.00M | 3.50M | 2.80K |
Nocopi Technologies Technical Analysis
Positive
1.97
Price Trends
1.74
Positive
1.70
Positive
1.63
Positive
Market Momentum
-0.01
Negative
62.49
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNUP, the sentiment is Positive. The current price of 1.97 is above the 20-day moving average (MA) of 1.74, above the 50-day MA of 1.74, and above the 200-day MA of 1.63, indicating a bullish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 62.49 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NNUP.
Nocopi Technologies Risk Analysis
Nocopi Technologies disclosed 24 risk factors in its most recent earnings report. Nocopi Technologies reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Nocopi Technologies Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $19.76M | -29.31 | -4.71% | ― | -4.48% | 8.62% | |
52 Neutral | $73.70M | -24.53 | -8.12% | 2.35% | -4.66% | -201.32% | |
50 Neutral | $74.07M | -60.50 | -1.60% | 0.51% | 7.70% | -139.19% | |
45 Neutral | $3.53M | -0.49 | -80.73% | ― | 13.43% | 75.01% | |
40 Underperform | $21.14M | -1.63 | 142.32% | ― | -96.04% | 9.12% |
* Basic Materials Sector Average
NNUP
Nocopi Technologies
1.87
0.29
18.35%
FSI
Flexible Solutions International
6.01
-3.64
-37.72%
NTIC
Northern Technologies International
7.78
0.14
1.82%
SNES
SenesTech
0.68
-3.26
-82.84%
LOOP
Loop Industries
0.41
-1.18
-74.03%
CNEY
CN Energy Group
0.58
-1.75
-75.15%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.