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NTIC Northern Technologies International

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
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
IRS number
410857886

NTIC stock data

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News

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Northern Technologies Q2 EPS $0.13 Beats $0.08 Estimate, Sales $12.78M Beat $12.00M Estimate
8 Apr 21
Northern Technologies (NASDAQ:NTIC) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.08 by 62.5 percent. This is a 550 percent increase over earnings of $0.02 per share from
Earnings Scheduled For April 8, 2021
8 Apr 21
Companies Reporting Before The Bell • New Frontier Health (NYSE:NFH) is estimated to report earnings for its fourth quarter.
A Preview Of Northern Technologies's Earnings
7 Apr 21
On Thursday, April 08, Northern Technologies (NASDAQ:NTIC) will release its latest earnings report. Decipher the announcement with Benzinga's help.
Understanding Northern Technologies's Ex-Dividend Date
1 Feb 21
Stocks That Hit 52-Week Highs On Tuesday
26 Jan 21

Press releases

Pro users get this 30m faster
Northern Technologies International Corp. to Host Earnings Call
8 Apr 21
NEW YORK, NY / ACCESSWIRE / April 8, 2021 / Northern Technologies International Corp. (NASDAQ:NTIC) will be discussing their earnings results in their 2021 Second Quarter Earnings call to be held on April 8, 2021 at 9:00

Calendar

9 Apr 21
18 Apr 21
31 Aug 21

Financial summary

Financial statements Chart NTIC financial data
Quarter (USD)
 Feb 21 Nov 20 Aug 20 May 20
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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.79M 6.79M 6.79M 6.79M 6.79M 6.79M
Cash burn (monthly) 54.94K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 93.58K n/a n/a n/a n/a n/a
Cash remaining 6.69M n/a n/a n/a n/a n/a
Runway (months of cash) 121.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

NTIC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jan 21 Calderon Nancy E. Common Stock Buy Aquire P No No 14.7758 1,000 14.78K 2,000
1 Sep 20 Koh Soo Keong Stock Option Common Stock Grant Aquire A No No 8.24 16,026 132.05K 16,026
1 Sep 20 Falkenhausen Konstantin von Stock Option Common Stock Grant Aquire A No No 8.24 16,026 132.05K 16,026
1 Sep 20 Ramani Narayan Stock Option Common Stock Grant Aquire A No No 8.24 16,026 132.05K 16,026
1 Sep 20 Calderon Nancy E. Stock Option Common Stock Grant Aquire A No No 8.24 16,026 132.05K 16,026
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

NTIC institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

35.2% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 32 32 –
Opened positions 3 2 +50.0%
Closed positions 3 3 –
Increased positions 7 5 +40.0%
Reduced positions 12 12 –
13F shares
 Current Prev Q Change
Total value 162.35M 127.95M +26.9%
Total shares 3.2M 3.24M -1.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners
 Shares Value Change
Punch & Associates Investment Management 384.61K $4.06M +2.0%
Dimensional Fund Advisors 353.93K $3.74M -1.9%
22NW 352.96K $3.73M +2.9%
Vanguard 342.12K $3.61M -0.0%
Rutabaga Capital Management 341.93K $3.61M 0.0%
Perritt Capital Management 321.24K $3.39M -0.9%
Ballast Advisors 271K $2.86M 0.0%
Acuitas Investments 177.39K $1.87M -10.9%
Renaissance Technologies 156.39K $1.65M +16.6%
Wilen Investment Management 60.96K $610K -16.4%
Largest transactions
 Shares Bought/sold Change
Cove Street Capital 6.1K -96.42K -94.0%
Mill Road Capital Management 59.15K +59.15K NEW
Falcon Point Capital 28.52K +28.52K NEW
Essex Investment Management 38.63K -23.04K -37.4%
Renaissance Technologies 156.39K +22.21K +16.6%
Acuitas Investments 177.39K -21.78K -10.9%
Wilen Investment Management 60.96K -11.94K -16.4%
22NW 352.96K +10.1K +2.9%
WFC Wells Fargo & Co. 214 -8.99K -97.7%
Sheets Smith Wealth Management 44.12K +7.79K +21.4%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

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
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: half, mix, prepaid, slightly
Removed: committed, evidenced, length, meeting, prime, publicly, standby, thereunder
From filing 10-Q 2021 Q2

Financial reports

View all
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
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

Current reports

View all
8-K
Northern Technologies International Corporation Reports Financial Results for Second Quarter Fiscal 2021
8 Apr 21
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

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
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
DEF 14A
Definitive proxy
26 Nov 17
DEFA14A
Additional proxy soliciting materials
26 Nov 17

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 / Nancy E. Calderon ownership change
25 Jan 21
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

Patents

APP
Utility
Self-fusing Silicone Tape Compositions Having Corrosion Inhibitors Therein
2 Sep 20
Self-fusing silicone tapes contain neutral corrosion inhibitors therein such as salts of acids.

Transcripts

View all
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
2020 Q1
Earnings call transcript
7 Jan 20
2019 Q4
Earnings call transcript
12 Nov 19
2019 Q3
Earnings call transcript
9 Jul 19
2019 Q2
Earnings call transcript
5 Apr 19
2019 Q1
Earnings call transcript
8 Jan 19

Reddit threads

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