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Northern Technologies International (NTIC)

Northern Technologies International Corporation develops and markets proprietary environmentally beneficial products and services in over 60 countries either directly or via a network of subsidiaries, joint ventures, independent distributors and agents. NTIC's primary business is corrosion prevention marketed primarily under the ZERUST® brand. NTIC has been selling its proprietary ZERUST® rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for over 40 years and in recent years has targeted and expanded into the oil and gas industry. NTIC offers worldwide on-site technical consulting for rust and corrosion prevention issues. NTIC's technical service consultants work directly with the end users of NTIC's products to analyze their specific needs and develop systems to meet their technical requirements. NTIC also markets and sells a portfolio of bio-based and biodegradable polymer resins and finished products marketed under the Natur-Tec® brand.

Company profile

Ticker
NTIC
Exchange
NASDAQ
Website
www.ntic.com
CEO
Gregory Patrick Lynch
Employees
Incorporated
Delaware
Location
Minnesota
Fiscal year end
Aug 31
Sector
Manufacturing > Plastics Material and Resin Manufacturing
Industry (SIC)
Coating, Engraving & Allied Services
XPEL Inc - Reg S • Nano Magic • Findex Com • Handy & Harman ...
SEC CIK
0000875582
Corporate docs
Subsidiaries
NTI ASEAN LLC • Northern Technologies Holding Company, LLC • Natur-Tec India Private Limited • Natur Tec Lanka (Pvt) Ltd • Zerust Prevenção de Corrosão S.A. • NTIC (Shanghai) Co., Ltd. • ZERUST-EXCOR MEXICO • NTIC Europe GmbH • Zerust Singapore Pte Ltd • Zerust Vietnam Co. Ltd ...
IRS number
410857886

NTIC stock data

News

From Benzinga Pro
Recap: Northern Technologies Q3 Earnings
7 Jul 22
Northern Technologies (NASDAQ:NTIC) reported its Q3 earnings results on Thursday, July 7, 2022 at 08:00 AM. Here's what investors need to know about the announcement.
Northern Technologies Q3 EPS $0.12 Misses $0.15 Estimate, Sales $18.96M Miss $19.00M Estimate
7 Jul 22
Northern Technologies (NASDAQ:NTIC) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.15 by 20 percent. This is a 42.86 percent decrease over earnings of $0.21 per share
Earnings Scheduled For July 7, 2022
7 Jul 22
Companies Reporting Before The Bell • Northern Technologies (NASDAQ:NTIC) is likely to report quarterly earnings at $0.15 per share on revenue of $19.00 million.
Preview: Northern Technologies's Earnings
6 Jul 22

Press releases

From Benzinga Pro
Northern Technologies International Corporation Announces Quarterly Cash Dividend
20 Jul 22
MINNEAPOLIS, July 20, 2022 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (NASDAQ:NTIC), a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2022
7 Jul 22
MINNEAPOLIS, July 07, 2022 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (NASDAQ:NTIC), a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable

Calendar

8 Jul 22
12 Aug 22
31 Aug 22

Financial summary

Financial statements Chart NTIC financial data
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 21 Aug 20 Aug 19 Aug 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.12M 6.12M 6.12M 6.12M 6.12M 6.12M
Cash burn (monthly) 454.85K (no burn) (no burn) (no burn) 113.54K (no burn)
Cash used (since last report) 1.1M n/a n/a n/a 274.32K n/a
Cash remaining 5.02M n/a n/a n/a 5.85M n/a
Runway (months of cash) 11.0 n/a n/a n/a 51.5 n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

NTIC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Apr 22 Ramani Narayan Common Stock Option exercise Acquire M No No 7.425 8,000 59.4K 63,000
22 Apr 22 Ramani Narayan Stock Option Common Stock Option exercise Dispose M No No 7.425 8,000 59.4K 0
12 Jan 22 Sarah E. Kemp Common Stock Buy Acquire P No No 15 32 480 2,012
12 Jan 22 Sarah E. Kemp Common Stock Buy Acquire P No No 14.9118 1,980 29.53K 1,980
12 Nov 21 Ramani Narayan Common Stock Option exercise Acquire M No No 10.05 8,000 80.4K 55,000
12 Nov 21 Ramani Narayan Common Stock Option exercise Acquire M No No 7.35 8,000 58.8K 47,000
12 Nov 21 Ramani Narayan Stock Option Common Stock Option exercise Dispose M No No 10.05 8,000 80.4K 0
12 Nov 21 Ramani Narayan Stock Option Common Stock Option exercise Dispose M No No 7.35 8,000 58.8K 0
1 Sep 21 Falkenhausen Konstantin von Stock Option Common Stock Grant Acquire A No No 16.97 6,859 116.4K 6,859
1 Sep 21 Ramani Narayan Stock Option Common Stock Grant Acquire A No No 16.97 6,859 116.4K 6,859
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

NTIC institutional ownership history Ownership history
35.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 37 44 -15.9%
Opened positions 2 4 -50.0%
Closed positions 9 4 +125.0%
Increased positions 8 7 +14.3%
Reduced positions 13 14 -7.1%
13F shares Current Prev Q Change
Total value 185.88M 239.78M -22.5%
Total shares 3.29M 3.5M -6.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Punch & Associates Investment Management 511.22K $6.15M +1.6%
22NW 403.22K $4.85M 0.0%
Vanguard 350.56K $4.21M -0.7%
Dimensional Fund Advisors 337.38K $4.06M -0.7%
Rutabaga Capital Management 321K $3.86M 0.0%
Perritt Capital Management 267.33K $3.21M -3.3%
Meros Investment Management 206.48K $2.48M +7.3%
Ballast Advisors 191K $2.3M 0.0%
Renaissance Technologies 122.08K $1.47M -8.5%
Geode Capital Management 61.64K $740K 0.0%
Largest transactions Shares Bought/sold Change
Acuitas Investments 0 -192.36K EXIT
SF Stifel Financial 16.69K +16.69K NEW
Meros Investment Management 206.48K +14.12K +7.3%
Compass Ion Advisors 13.72K +13.72K NEW
Bridgeway Capital Management 29.8K -12K -28.7%
Renaissance Technologies 122.08K -11.4K -8.5%
Corsair Capital Management 15.13K -10.35K -40.6%
Perritt Capital Management 267.33K -9.24K -3.3%
Claraphi Advisory Network 11.51K -9.07K -44.1%
Sphinx Trading 0 -8.5K EXIT
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: margin
Removed: active, agreed, borrowing, discretion, entity, exclusively, flat, indirectly, Indonesia, Malaysia, marketable, shared, Singapore, taiwan, utilizing, Vietnam, vote
From filing 10-Q 2022 Q3
Financial reports
View all
10-Q
2022 Q3
Quarterly report
8 Jul 22
10-Q
2022 Q2
Quarterly report
8 Apr 22
10-Q
2022 Q1
Quarterly report
12 Jan 22
10-K
2021 FY
Annual report
19 Nov 21
10-Q
2021 Q3
Quarterly report
9 Jul 21
10-Q
2021 Q2
Quarterly report
9 Apr 21
10-Q
2021 Q1
Quarterly report
8 Jan 21
10-K
2020 FY
Annual report
13 Nov 20
10-Q
2020 Q3
Quarterly report
9 Jul 20
10-Q
2020 Q2
Quarterly report
8 Apr 20
Current reports
View all
8-K
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2022
7 Jul 22
8-K
Northern Technologies International Corporation Reports Financial Results for Second Quarter Fiscal 2022
7 Apr 22
8-K
Submission of Matters to a Vote of Security Holders
21 Jan 22
8-K
Entry into a Material Definitive Agreement
7 Jan 22
8-K
Northern Technologies International Corporation Reports Financial Results For First Quarter Fiscal 2022
6 Jan 22
8-K
Northern Technologies International Corporation Reports Financial Results for Fiscal 2021
17 Nov 21
8-K
Northern Technologies International Corporation Acquires Remaining Ownership Interest in Indian Joint Venture
22 Sep 21
8-K
Departure of Directors or Certain Officers
10 Aug 21
8-K
Entry into a Material Definitive Agreement
8 Jul 21
8-K
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2021
8 Jul 21
Registration and prospectus
View all
S-8
Registration of securities for employees
19 Jan 21
S-8
Registration of securities for employees
28 Jan 19
S-3
Shelf registration
4 Dec 12
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Feb 12
S-8
Registration of securities for employees
23 Jan 11
S-8 POS
Registration of securities for employees (post-effective amendment)
22 Nov 10
424B5
Prospectus supplement for primary offering
17 Sep 09
8-A12B/A
Registration of securities on exchange (amended)
10 Sep 09
S-3/A
Shelf registration (amended)
14 Jan 09
S-3
Shelf registration
6 Oct 08
Proxies
View all
DEFA14A
Additional proxy soliciting materials
6 Dec 21
DEF 14A
Definitive proxy
6 Dec 21
DEF 14A
Definitive proxy
30 Nov 20
DEFA14A
Additional proxy soliciting materials
30 Nov 20
DEFA14A
Additional proxy soliciting materials
2 Dec 19
DEF 14A
Definitive proxy
2 Dec 19
DEF 14A
Definitive proxy
30 Nov 18
DEFA14A
Additional proxy soliciting materials
30 Nov 18
PRE 14A
Preliminary proxy
16 Nov 18
DEFA14A
Additional proxy soliciting materials
21 Jan 18
Other
View all
UPLOAD
Letter from SEC
9 Mar 15
CORRESP
Correspondence with SEC
19 Feb 15
UPLOAD
Letter from SEC
9 Feb 15
EFFECT
Notice of effectiveness
17 Dec 12
UPLOAD
Letter from SEC
28 Jun 10
CORRESP
Correspondence with SEC
23 Jun 10
UPLOAD
Letter from SEC
20 Jun 10
CORRESP
Correspondence with SEC
26 May 10
UPLOAD
Letter from SEC
12 May 10
CORRESP
Correspondence with SEC
15 Mar 10
Ownership
View all
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Ramani Narayan ownership change
25 Apr 22
SC 13G
NORTHERN TECHNOLOGIES INTERNATIONAL / PUNCH & ASSOCIATES INVESTMENT MANAGEMENT ownership change
14 Feb 22
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Sarah E. Kemp ownership change
13 Jan 22
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Ramani Narayan ownership change
12 Nov 21
4
NORTHERN TECHNOLOGIES INTERNATIONAL / G PATRICK LYNCH ownership change
2 Sep 21
4
NORTHERN TECHNOLOGIES INTERNATIONAL / MATTHEW C WOLSFELD ownership change
2 Sep 21
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Sarah E. Kemp ownership change
2 Sep 21
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Nancy E. Calderon ownership change
2 Sep 21
4
NORTHERN TECHNOLOGIES INTERNATIONAL / RICHARD NIGON ownership change
2 Sep 21
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Ramani Narayan ownership change
2 Sep 21

Patents

View all
Utility
Polylactide-based Masterbatch, for a Commercially Viable Single-step In-mold Annealing Injection Molding Process
30 Jun 22
Polylactide (PLA) parts can be crystallized via two procedures.
Utility
Biodegradable Vci Packaging Compositions
16 Jun 22
A breathable biodegradable volatile corrosion inhibitor polyester composition comprises one or more biodegradable homopolymer polyesters and/or one or more biodegradable random copolymer polyesters, one or more volatile corrosion inhibitors (VCI), and one or more fillers wherein said composition has a higher water-vapor transmission rate than polyethylene.
Utility
Self-fusing silicone tape compositions having corrosion inhibitors therein
14 Dec 21
Self-fusing silicone tapes contain neutral corrosion inhibitors therein such as salts of acids.
Utility
Biobased Polyester Blends with Enhanced Performance Properties
9 Sep 21
The invention relates to a biodegradable and compostable blend of polylactic acid, a compostable polyester with or without carbon based biocontent, polyethylene glycol, and optionally an inorganic talc filler that have greatly increased elongation, flexibility, and tensile toughness as measured by tensile test ASTM D638-10.
Utility
High Impact Resistant Poly(lactic Acid) Blends
19 Aug 21
The notched Izod impact toughness and tensile elongation of poly(lactic acid) (PLA)-homopolymers are increased by about 2 to about 4 times by blending therewith a PLA-copolymer having a difunctional flexible middle segment such as a polysiloxane or a polyether from about 0.6 wt. % to about 20 wt. %.

Transcripts

View all
2022 Q3
Earnings call transcript
7 Jul 22
2022 Q2
Earnings call transcript
7 Apr 22
2022 Q1
Earnings call transcript
6 Jan 22
2021 Q4
Earnings call transcript
17 Nov 21
2021 Q3
Earnings call transcript
8 Jul 21
2021 Q2
Earnings call transcript
8 Apr 21
2021 Q1
Earnings call transcript
8 Jan 21
2020 Q4
Earnings call transcript
13 Nov 20
2020 Q3
Earnings call transcript
8 Jul 20
2020 Q2
Earnings call transcript
7 Apr 20

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