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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
Website
CEO
Gregory Patrick Lynch
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
410857886

NTIC stock data

(
)

Calendar

9 Apr 21
18 Apr 21
31 Aug 21
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

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 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%

Financial report summary

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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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Readability
H.S. sophomore Avg
New words: half, mix, prepaid, slightly
Removed: committed, evidenced, length, meeting, prime, publicly, standby, thereunder