NTIC Northern Technologies International Dashboard

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

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

Articles of Incorporation & Bylaws

IRS number

410857886

NTIC stock data

S&P 500

1M 1Y 2Y 5Y

News

Pro users get this 30m faster

Return on Capital Employed Insights for Northern Technologies

29 Jul 21

After pulling data from Benzinga Pro it seems like during Q3, Northern Technologies (NASDAQ:NTIC) posted sales of $15.42 million. Earnings were up 35.33%, but Northern Technologies still reported an overall loss of $1.04 million.

Return on Capital Employed Insights for Northern Technologies

22 Jul 21

After pulling data from Benzinga Pro it seems like during Q3, Northern Technologies's (NASDAQ:NTIC) reported sales totaled $15.42 million. Despite a 35.33% in earnings, the company posted a loss of $1.04 million.

Northern Technologies Insights: Return On Capital Employed

14 Jul 21

During Q3, Northern Technologies (NASDAQ:NTIC) brought in sales totaling $15.42 million. However, earnings decreased 35.33%, resulting in a loss of $1.04 million. In Q2, Northern Technologies brought in $12.78 million in sales but lost $1.61 million in earnings.

Stocks That Hit 52-Week Highs On Tuesday

13 Jul 21

Stocks That Hit 52-Week Highs On Monday

12 Jul 21

Calendar

9 Jul 21

1 Aug 21

31 Aug 21

Financial summary

Financial statements Chart NTIC financial data

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

Recent insider trades

NTIC insider ownership history Insider history

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 from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

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.

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%

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: beneficial, building, earned, estate, higher, leverage, real, resumption, USD, Yuan

Removed: accurately, affirmative, BHD, Brazil, charge, CHEMINDO, CHONG, Code, continuing, country, coverage, customarily, Czech, declare, depend, discount, disposition, downturn, duration, evolving, exceed, exercised, existed, flow, governed, growth, incurrence, Japan, leading, limit, list, MINE, Natur, NTIA, offer, offering, people, Poland, precise, Private, prolonged, PT, Pte, Pursuant, ratio, Republic, Revenue, SDN, SENIOR, situation, sizable, slight, SP, SPECIALTY, strategically, supplemental, TAIYONIC, targeting, Tec, TECH, Turkey

From filing 10-Q 2021 Q3