Reports Q1 revenue $20.18M vs $19.95M last year. “NTIC produced respectable first quarter results, highlighted by stable demand across our ZERUST industrial and Natur-Tec markets, along with increased profitability. We also experienced our seventh consecutive quarter of ZERUST oil and gas sales above $1,500,000, although sales decreased year-over-year because timing pushed certain oil and gas customer projects into our second quarter. Despite this impact, not only did consolidated net sales increase during the quarter, but we also enjoyed an almost 5 percentage point increase in our gross margin,” said G. Patrick Lynch, President and CEO of NTIC.
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