Nocopi (NNUP)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.02M	2.02M	2.02M	2.02M	2.02M	2.02M
Cash burn (monthly)	(no burn)	(no burn)	69.6K	25.13K	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	306.48K	110.64K	n/a	n/a
Cash remaining	n/a	n/a	1.71M	1.91M	n/a	n/a
Runway (months of cash)	n/a	n/a	24.6	75.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Nocopi earnings reports.

Recent insider trades

NNUP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
9 Jun 22	Michael Liebowitz	Common Stock	Buy	Acquire P	Yes	No	0.17	43,175	7.34K	18,331,495
8 Jun 22	Michael Liebowitz	Common Stock	Buy	Acquire P	Yes	No	0.16	300	48	18,288,320
2 Jun 22	Michael Liebowitz	Common Stock	Buy	Acquire P	Yes	No	0.17	35,454	6.03K	18,288,020
2 Jun 22	Michael Liebowitz	Common Stock	Buy	Acquire P	Yes	No	0.16	65,333	10.45K	18,252,566
1 Jun 22	Michael Liebowitz	Common Stock	Buy	Acquire P	Yes	No	0.17	45,000	7.65K	18,187,233
1 Jun 22	Michael Liebowitz	Common Stock	Buy	Acquire P	Yes	No	0.16	200	32	18,142,233
25 May 22	Michael Liebowitz	Common Stock	Buy	Acquire P	Yes	No	0.162	445,485	72.17K	18,142,033
24 May 22	Michael Liebowitz	Common Stock	Buy	Acquire P	Yes	No	0.159	184,700	29.37K	17,696,548
23 May 22	Howard Timothy Eriksen	Common Stock	Sell	Dispose S	Yes	No	0.165	7,370,026	1.22M	1,000
23 May 22	Howard Timothy Eriksen	Common Stock	Sell	Dispose S	No	No	0.165	707,886	116.8K	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

NNUP institutional ownership history Ownership history

17.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	4	2	+100.0%
Opened positions	2	0	NEW
Closed positions	0	0
Increased positions	1	1	–
Reduced positions	1	0	NEW

13F shares	Current	Prev Q	Change
Total value	132.91M	1.75M	+7508.1%
Total shares	11.66M	11.22M	+3.9%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Eriksen Capital Management	7.72M	$0	+0.2%
Smoak Capital Management	3.25M	$553K	-7.6%
Tower Bridge Advisors	661.77K	$132.35M	NEW
Blackston Financial Advisory	30.5K	$6K	NEW

Largest transactions	Shares	Bought/sold	Change
Tower Bridge Advisors	661.77K	+661.77K	NEW
Smoak Capital Management	3.25M	-269.17K	-7.6%
Blackston Financial Advisory	30.5K	+30.5K	NEW
Eriksen Capital Management	7.72M	+16.48K	+0.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Our Company’s revenues are derived from (a) royalties paid by licensees of our technologies, (b) fees for the provision of technical services to licensees and (c) from the direct sale of (i) products incorporating our technologies, such as inks, security paper and pressure sensitive labels, and (ii) equipment used to support the application of our technologies, such as ink-jet printing systems. Royalties consist of guaranteed minimum royalties payable by our licensees in certain cases and additional royalties which typically vary with the licensee’s sales or production of products incorporating the licensed technology. Service fees and sales revenues vary directly with the number of units of service or product provided.

Content analysis

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

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