Nocopi Technologies, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 14, 2020 at 01:22 pm EDT
Share
Nocopi Technologies, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 520,300 compared to USD 409,400 a year ago. Operating income was USD 4,200 compared to USD 92,900 a year ago. Net income was USD 52,600 compared to USD 85,400 a year ago.
Nocopi Technologies, Inc. develops and markets specialty reactive inks for multiple applications across various industries. Its specialty inks are used by its customers for a range of purposes, from bringing entertainment products to life with a variety of color activations to providing document and brand authentication for security purposes aimed at reducing losses caused by fraudulent document reproduction or by product counterfeiting and/or diversion. Its primary markets are the large educational and toy products industry and the document and product authentication industry. It has patent protection on substantially all of its security inks, including its Rub & Reveal system and its Rub-It & Color technology. Across the Entertainment and Toy Products category, it markets its Rub-it & Color technology, which consists of specialty inks that are produced in a variety of colors and can be revealed by rubbing with a fingernail or other firm object, such as a plastic pen cap.
NOCOPI TECHNOLOGIES, INC. 
