Nocopi Technologies (NNUP) AI Stock Analysis

• Market Cap: $16.19M
• Dividend Yield: N/A
• Average Volume (3M): 5.84K
• Price to Earnings (P/E): ―
• Beta (1Y): <0.01
• Revenue Growth: 1.63%
• EPS Growth: -83.02%
• Country: US
• Employees: 7
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): -0.25
• Shares Outstanding: 10,792,913
• 10 Day Avg. Volume: 2,390
• 30 Day Avg. Volume: 5,836
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 8.85
• Price to Cash Flow (P/CF): 9.20
• P/FCF Ratio: 9.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Nocopi Technologies' financial stability is overshadowed by its declining revenue and persistent losses, which significantly impact its profitability. The technical indicators suggest a lack of strong momentum, and the negative P/E ratio highlights valuation challenges. These factors combined result in a moderate stock score, pointing to potential risks that outweigh positive stability aspects.

Nocopi Technologies Business Overview & Revenue Model

Company Description

Nocopi Technologies, Inc. is an innovative company specializing in the development and marketing of specialty reactive inks that impart anti-counterfeiting and anti-diversion features for documents and products. The company operates primarily within the security printing and technology sectors, offering solutions that help businesses protect their brands and ensure the authenticity of their products. Its core products include a range of ink technologies and licensing services that are utilized across various industries, including publishing, packaging, and labels.

How the Company Makes Money

Nocopi Technologies generates revenue through the sale of its proprietary ink technologies and through licensing agreements. The company's inks are used in security applications to prevent counterfeiting and unauthorized distribution of branded products. Additionally, Nocopi licenses its technology to other companies, allowing them to incorporate these specialized inks into their production processes. This dual revenue model, consisting of direct product sales and licensing fees, forms the backbone of Nocopi's income, supported by strategic partnerships with manufacturers and distributors who integrate the company's technology into their offerings.

Nocopi Technologies Financial Statement Overview

Summary

Nocopi Technologies is experiencing financial difficulties with negative revenue growth, profitability, and cash flow issues. Despite a low debt-to-equity ratio, the company faces financial instability due to continuous losses.

Income Statement

Nocopi Technologies has experienced a significant decline in revenue and profitability. The TTM (Trailing-Twelve-Months) shows a negative EBIT and EBITDA, indicating operational challenges. Revenue growth is negative, and net income has turned negative, reflecting financial distress.

Balance Sheet

The company's balance sheet remains relatively stable with a low debt-to-equity ratio, indicating low leverage. However, the equity ratio has decreased, and return on equity is negative due to losses. The overall financial position shows adequate equity, but recent losses pose a risk.

Cash Flow

Cash flow from operations has improved slightly in the TTM compared to the previous year, but free cash flow remains low. The ratio of operating cash flow to net income is unfavorable due to negative net income, highlighting cash flow management issues.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
1.84M	2.08M	4.63M	1.95M	2.66M	2.54M
	Gross Profit
931.20K	1.10M	3.90M	1.21M	1.53M	1.70M
	EBIT
-4.00M	-1.87M	2.05M	45.90K	479.00K	806.30K
	EBITDA
-3.31M	-1.50M	2.14M	76.40K	518.70K	828.80K
	Net Income Common Stockholders
-3.38M	-1.44M	1.81M	49.40K	508.40K	754.90K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.34M	10.25M	5.34M	1.85M	1.36M	688.00K
	Total Assets
9.62M	14.00M	9.62M	3.79M	3.87M	3.53M
	Total Debt
68.30K	17.60K	68.30K	115.80K	160.30K	299.90K
	Net Debt
-5.27M	-2.25M	-5.27M	-1.73M	-1.20M	-388.10K
	Total Liabilities
799.00K	1.62M	799.00K	284.00K	420.10K	742.60K
	Stockholders Equity
8.82M	12.38M	8.82M	3.51M	3.45M	2.79M
Cash Flow		Free Cash Flow
528.10K	-47.80K	-8.90K	481.10K	663.80K	287.20K
	Operating Cash Flow
509.50K	-19.30K	-8.10K	512.70K	702.40K	360.60K
	Investing Cash Flow
4.38M	-3.63M	-800.00	-31.60K	-38.60K	-73.40K
	Financing Cash Flow
0.00	5.00M	3.50M	2.80K	11.00K	25.40K

Nocopi Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NNUP, the sentiment is Negative. The current price of 1.5 is below the 20-day moving average (MA) of 1.51, below the 50-day MA of 1.51, and below the 200-day MA of 1.92, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.97 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NNUP.

Nocopi Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KOPN	58 Neutral	$137.12M	―	-169.61%	―	0.60%	-115.20%
DCTH	51 Neutral	$352.05M	―	-62.43%	―	1701.69%	67.30%
AUID	51 Neutral	$67.31M	―	-115.55%	―	365.86%	92.57%
NNUP	50 Neutral	$16.19M	―	-20.59%	―	1.63%	-83.02%
Sector *	47 Neutral	$2.49B	-2.97	-22.82%	3.51%	4.13%	-28.53%
INSG	44 Neutral	$107.30M	124.10	111.75%	―	5.41%	―