Northern Technologies International (NTIC) has disclosed a new risk, in the Costs category.
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Northern Technologies International Corporation (NTIC) faces significant business risks despite its subsidiary, Zerust Brazil, securing a lucrative contract for offshore oil and gas asset preservation. While the contract, valued at approximately R$70 million (US$13 million), promises potential revenue boosts, NTIC’s ability to realize these benefits is uncertain due to various factors. These include economic conditions in the U.S., Brazil, and globally, risks inherent in international operations, and challenges such as exchange rate fluctuations and regulatory changes. Additionally, competition, market acceptance, and the timing of purchase orders could impact NTIC’s financial outcomes, making the projected revenue from this contract unpredictable.
Overall, Wall Street has a Moderate Buy consensus rating on NTIC stock based on 1 Buy.
To learn more about Northern Technologies International’s risk factors, click here.