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NTIC Northern Technologies International

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

NTIC stock data

(
)

Calendar

9 Jul 21
1 Aug 21
31 Aug 21
Quarter (USD)
May 21 Feb 21 Nov 20 Aug 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) 5.88M 5.88M 5.88M 5.88M 5.88M 5.88M
Cash burn (monthly) 302.54K (positive/no burn) (positive/no burn) (positive/no burn) 301.85K (positive/no burn)
Cash used (since last report) 625.78K n/a n/a n/a 624.36K n/a
Cash remaining 5.26M n/a n/a n/a 5.26M n/a
Runway (months of cash) 17.4 n/a n/a n/a 17.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
7 Jul 21 Koh Soo Keong Common Stock Option exercise Aquire M No No 8.24 16,026 132.05K 101,095
7 Jul 21 Koh Soo Keong Common Stock Option exercise Aquire M No No 10.8 11,737 126.76K 85,069
7 Jul 21 Koh Soo Keong Common Stock Option exercise Aquire M No No 9.18 8,000 73.44K 73,332
7 Jul 21 Koh Soo Keong Common Stock Option exercise Aquire M No No 6.7 8,000 53.6K 65,332
7 Jul 21 Koh Soo Keong Common Stock Option exercise Aquire M No No 7.43 8,000 59.44K 57,332
7 Jul 21 Koh Soo Keong Common Stock Option exercise Aquire M No No 10.05 8,000 80.4K 49,332
7 Jul 21 Koh Soo Keong Common Stock Option exercise Aquire M No No 7.35 8,000 58.8K 41,332
7 Jul 21 Koh Soo Keong Stock Option Common Stock Option exercise Dispose M No No 8.24 16,026 132.05K 0
7 Jul 21 Koh Soo Keong Stock Option Common Stock Option exercise Dispose M No No 10.8 11,737 126.76K 0
7 Jul 21 Koh Soo Keong Stock Option Common Stock Option exercise Dispose M No No 9.18 8,000 73.44K 0

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

34.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 34 32 +6.3%
Opened positions 5 3 +66.7%
Closed positions 3 3
Increased positions 9 7 +28.6%
Reduced positions 13 12 +8.3%
13F shares
Current Prev Q Change
Total value 232.49M 162.35M +43.2%
Total shares 3.12M 3.2M -2.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Punch & Associates Investment Management 397.03K $6.04M +3.2%
22NW 387.78K $5.89M +9.9%
Dimensional Fund Advisors 351.74K $5.35M -0.6%
Vanguard 347.8K $5.29M +1.7%
Rutabaga Capital Management 341.93K $5.2M 0.0%
Perritt Capital Management 303.07K $4.61M -5.7%
Ballast Advisors 191K $2.9M -29.5%
Renaissance Technologies 155.98K $2.37M -0.3%
Acuitas Investments 153.42K $2.33M -13.5%
Wilen Investment Management 60.26K $874K -1.1%
Largest transactions
Shares Bought/sold Change
Ballast Advisors 191K -80K -29.5%
Mill Road Capital Management 0 -59.15K EXIT
Corsair Capital Management 35.11K +35.11K NEW
22NW 387.78K +34.82K +9.9%
Falcon Point Capital 0 -28.52K EXIT
Geode Capital Management 56.59K +27.68K +95.7%
Acuitas Investments 153.42K -23.97K -13.5%
Perritt Capital Management 303.07K -18.17K -5.7%
Acadian Asset Management 15.93K +13.1K +463.9%
Punch & Associates Investment Management 397.03K +12.41K +3.2%

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.
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