NTIC Northern Technologies International Corp.
Northern Technologies International Corp. engages in the development and market of proprietary environmentally beneficial products and technical services. It operates through the Natur-Tec and Zerust segments. The Natur-Tec segment manufactures bio-degradable and bio-based plastics for industrial and consumer applications. The Zerust segment provides corrosion mitigation solutions and services to oil, gas and chemical processing applications. The company was founded in 1970 and is headquartered in Circle Pines, MN.
Company profile
Ticker
NTIC
Exchange
Website
CEO
Gregory Patrick Lynch
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
410857886
NTIC stock data
()
Calendar
8 Jan 21
22 Jan 21
31 Aug 21
News
Financial summary
| Quarter (USD) | Nov 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Aug 20 | Aug 19 | Aug 18 | Aug 17 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Financial data from company earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 Sep 20 | Koh Soo Keong | Stock Option Common Stock | Grant | Aquire A | No | 8.24 | 16,026 | 132.05K | 16,026 |
| 1 Sep 20 | Falkenhausen Konstantin von | Stock Option Common Stock | Grant | Aquire A | No | 8.24 | 16,026 | 132.05K | 16,026 |
| 1 Sep 20 | Ramani Narayan | Stock Option Common Stock | Grant | Aquire A | No | 8.24 | 16,026 | 132.05K | 16,026 |
| 1 Sep 20 | Calderon Nancy E. | Stock Option Common Stock | Grant | Aquire A | No | 8.24 | 16,026 | 132.05K | 16,026 |
| 1 Sep 20 | Sarah E. Kemp | Stock Option Common Stock | Grant | Aquire A | No | 8.24 | 16,026 | 132.05K | 16,026 |
Institutional ownership Q3 2020
35.6% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 33 |
| Opened positions | 2 |
| Closed positions | 3 |
| Increased positions | 5 |
| Reduced positions | 12 |
13F shares |
Current |
|---|---|
| Total value | 127.95M |
| Total shares | 3.24M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Punch & Associates Investment Management | 377.02K | $3.13M |
| Dimensional Fund Advisors | 360.93K | $3M |
| 22NW | 342.86K | $2.85M |
| Vanguard | 342.16K | $2.84M |
| Rutabaga Capital Management | 341.93K | $2.84M |
| Perritt Capital Management | 324.24K | $2.69M |
| Ballast Advisors | 271K | $2.25M |
| Acuitas Investments | 199.16K | $1.65M |
| Renaissance Technologies | 134.18K | $1.11M |
| Cove Street Capital | 102.52K | $851K |
Financial report summary
?Management Discussion
- Net Sales. NTIC’s consolidated net sales decreased 14.5% to $47,638,691 during fiscal 2020 compared to $55,750,137 during fiscal 2019. NTIC’s consolidated net sales to unaffiliated customers excluding NTIC’s joint ventures decreased 14.1% to $45,666,045 during fiscal 2020 compared to $53,142,583 during fiscal 2019. Net sales to joint ventures decreased 24.3% to $1,972,646 in fiscal 2020 compared to fiscal 2019. These decreases were primarily a result of reduced demand globally as a result of the COVID-19 pandemic. NTIC anticipates that the COVID-19 pandemic will continue to significantly adversely affect sales of ZERUST® products and services during fiscal 2021.
- During fiscal 2020, 72.4% of NTIC’s consolidated net sales were derived from sales of ZERUST® products and services, which decreased 9.7% to $34,474,535 compared to $38,174,712 during fiscal 2019. NTIC has strategically focused its sales efforts for ZERUST® products and services on customers with sizeable corrosion problems in industry sectors that offer sizable growth opportunities, including the oil and gas sector. Overall, demand for ZERUST® products and services depends heavily on the overall health of the market segments to which NTIC sells its products, including the automotive, oil and gas, agriculture, and mining markets in particular. This decrease was primarily a result of reduced demand globally as a result of the COVID-19 pandemic. NTIC anticipates that the COVID-19 pandemic will continue to significantly adversely affect sales of ZERUST® products and services during fiscal 2021.
- NTIC’s total ZERUST® net sales decreased during fiscal 2020 compared to fiscal 2019 primarily due to overall decreased demand for ZERUST® industrial products and services in North America, partially offset by increased demand for ZERUST® oil and gas products and services. NTIC’s sales of ZERUST® industrial products and services for fiscal 2020 were adversely affected by reduced demand globally as a result of the COVID-19 pandemic.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
|
|
New words:
added, advance, alternative, annum, automatic, bore, chairman, checking, covenant, deferred, delete, desirable, director, drinking, EBITDA, experience, foodservice, greater, Interbank, lieu, London, longer, month, NaN, phrase, promissory, provision, Pvt, recession, reinstate, reinstated, revised, scheduled, sharply, sustainability, sweep, USA, valuation
Removed:
Additionally, applying, area, ASC, asset, capitalization, classification, Codification, collectively, component, consistent, Court, data, determinable, drawn, Easement, effected, entered, evaluate, evidencing, expedient, expired, facility, february, France, hindsight, Hui, implicit, incremental, Intermediate, land, lawsuit, lease, leasing, lessee, Meng, million, narrow, opening, optional, owed, package, par, pet, practical, practice, qualify, qualitative, quantitative, readily, reclassification, recognition, recovery, Reform, refusal, renewed, rent, request, reserved, retroactively, retrospective, security, separate, sizeable, split, stranded, Tao, terminate, titled, Topic, transferred, transition, underlying, UNREGISTERED, updated, usurped, Xu
Financial reports
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
10-Q
2020 Q1
Quarterly report
8 Jan 20
10-K
2019 FY
Annual report
13 Nov 19
10-Q
2019 Q3
Quarterly report
9 Jul 19
10-Q
2019 Q2
Quarterly report
8 Apr 19
10-Q
2019 Q1
Quarterly report
9 Jan 19
10-K
2018 FY
Annual report
13 Nov 18
Current reports
8-K
Departure of Directors or Certain Officers
15 Jan 21
8-K
Northern Technologies International Corporation Reports Financial Results For First Quarter Fiscal 2021
7 Jan 21
8-K
Entry into a Material Definitive Agreement
29 Dec 20
8-K
Northern Technologies International Corporation Reports Financial Results for Fiscal 2020
12 Nov 20
8-K
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2020
8 Jul 20
8-K
Northern Technologies International Corporation Reports Financial Results for Second Quarter Fiscal 2020
7 Apr 20
8-K
Submission of Matters to a Vote of Security Holders
21 Jan 20
8-K
Northern Technologies International Corporation Reports Financial Results for First Quarter Fiscal 2020
7 Jan 20
8-K
Northern Technologies International Corporation Reports Financial Results for Fiscal 2019
12 Nov 19
8-K
Departure of Directors or Certain Officers
23 Oct 19
Registration and prospectus
S-8
Registration of securities for employees
19 Jan 21
S-8
Registration of securities for employees
28 Jan 19
S-3
Shelf registration
5 Dec 12
S-8 POS
Registration of securities for employees (post-effective amendment)
3 Feb 12
S-8
Registration of securities for employees
24 Jan 11
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Nov 10
424B5
Prospectus supplement for primary offering
18 Sep 09
8-A12B/A
Registration of securities on exchange (amended)
11 Sep 09
S-3/A
Shelf registration (amended)
15 Jan 09
S-3
Shelf registration
7 Oct 08
Proxies
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
22 Jan 18
DEF 14A
Definitive proxy
27 Nov 17
DEFA14A
Additional proxy soliciting materials
27 Nov 17
Other
UPLOAD
Letter from SEC
10 Mar 15
CORRESP
Correspondence with SEC
20 Feb 15
UPLOAD
Letter from SEC
10 Feb 15
EFFECT
Notice of effectiveness
18 Dec 12
UPLOAD
Letter from SEC
29 Jun 10
CORRESP
Correspondence with SEC
24 Jun 10
UPLOAD
Letter from SEC
21 Jun 10
CORRESP
Correspondence with SEC
27 May 10
UPLOAD
Letter from SEC
13 May 10
CORRESP
Correspondence with SEC
16 Mar 10
Ownership
4
NORTHERN TECHNOLOGIES INTERNATIONAL / G PATRICK LYNCH ownership change
3 Sep 20
4
NORTHERN TECHNOLOGIES INTERNATIONAL / MATTHEW C WOLSFELD ownership change
3 Sep 20
4
NORTHERN TECHNOLOGIES INTERNATIONAL / RICHARD NIGON ownership change
2 Sep 20
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Sarah E. Kemp ownership change
2 Sep 20
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Nancy E. Calderon ownership change
2 Sep 20
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Ramani Narayan ownership change
2 Sep 20
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Falkenhausen Konstantin von ownership change
2 Sep 20
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Koh Soo Keong ownership change
2 Sep 20
4
NORTHERN TECHNOLOGIES INTERNATIONAL / Nancy E. Calderon ownership change
24 Jul 20
SC 13G/A
Northern Technologies International Corp
10 Feb 20