Nocopi Technologies (NNUP) AI Stock Analysis

• Market Cap: $17.05M
• Dividend Yield: N/A
• Average Volume (3M): 1.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.15
• Revenue Growth: 1.63%
• EPS Growth: -83.02%
• Country: US
• Employees: 7
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Chemicals - Specialty
• EPS (TTM): -0.25
• Shares Outstanding: 10,792,913
• 10 Day Avg. Volume: 1,545
• 30 Day Avg. Volume: 1,336
• PEG Ratio: -0.25
• Price to Book (P/B): 1.20
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 23.49
• Enterprise Value/Market Cap: 0.31
• Enterprise Value/Revenue: 0.66
• Enterprise Value/Gross Profit: 4.31
• Enterprise Value/Ebitda: -0.46
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: ―

Nocopi Technologies faces significant challenges with declining revenue and profitability despite its strong equity position and improved cash flow management. The technical analysis indicates a neutral to slightly bearish outlook, and the negative P/E ratio reflects valuation difficulties. The overall score reflects these financial and market challenges.

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 exhibits financial stability through a strong equity position and improved cash flow management but faces significant challenges with declining revenue and profitability.

Income Statement

Nocopi Technologies has seen a significant decline in revenue from $4.63M in 2022 to $2.12M in 2024, indicating a negative growth trend. The gross profit margin has decreased over time, and the company has struggled with profitability, recording negative EBIT and net income in recent years. Such performance suggests challenges in maintaining operational efficiency and profitability.

Balance Sheet

The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.0026 in 2024, indicating low leverage risk. The company's equity ratio is robust at 97.97%, showcasing financial stability. Despite these strengths, the declining revenue and profitability could pose risks to long-term sustainability.

Cash Flow

Cash flow analysis reveals an improvement in operating cash flow, reaching $594,800 in 2024 from a negative position in 2023. The free cash flow also turned positive in 2024, indicating better cash management. However, the historical volatility in cash flow and negative net income suggest potential sustainability issues.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.12M	2.08M	4.63M	1.95M	2.66M
Gross Profit	1.10M	1.10M	3.90M	1.21M	1.53M
EBITDA	-2.56M	-1.50M	2.14M	76.40K	518.70K
Net Income	-2.68M	-1.44M	1.81M	49.40K	508.40K
Balance Sheet
Total Assets	13.92M	14.00M	9.62M	3.79M	3.87M
Cash, Cash Equivalents and Short-Term Investments	10.84M	10.25M	5.34M	1.85M	1.36M
Total Debt	35.20K	17.60K	68.30K	115.80K	160.30K
Total Liabilities	281.60K	1.62M	799.00K	284.00K	420.10K
Stockholders Equity	13.64M	12.38M	8.82M	3.51M	3.45M
Cash Flow
Free Cash Flow	584.90K	-47.80K	-8.90K	481.10K	663.80K
Operating Cash Flow	594.80K	-19.30K	-8.10K	512.70K	702.40K
Investing Cash Flow	7.98M	-3.63M	-800.00	-31.60K	-38.60K
Financing Cash Flow	0.00	5.00M	3.50M	2.80K	11.00K

Nocopi Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.58
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1.58 is above the 20-day moving average (MA) of 1.57, below the 50-day MA of 1.59, and below the 200-day MA of 1.65, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.71 is Neutral, neither overbought nor oversold. The STOCH value of 85.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NNUP.

Nocopi Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FSI	67 Neutral	$71.46M	26.01	6.19%	―	-3.23%	-2.01%
Sector *	63 Neutral	$10.49B	10.77	1.52%	2.68%	2.24%	-33.79%
SNES	57 Neutral	$19.72M	―	-160.41%	―	40.15%	94.78%
LOOP	55 Neutral	$60.13M	―	-406.97%	―	8400.76%	31.02%
NNUP	53 Neutral	$17.05M	―	-12.99%	―	1.63%	-83.02%
GURE	48 Neutral	$9.04M	―	-34.69%	―	-74.50%	7.21%