Nocopi Technologies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 14, 2020 at 07:02 am EDT
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Nocopi Technologies, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 627,300 compared to USD 516,100 a year ago. Operating income was USD 73,600 compared to USD 160,500 a year ago. Net income was USD 70,800 compared to USD 148,900 a year ago. For the half year, total revenue was USD 1.147 million compared to USD 925,500 a year ago. Operating income was USD 77,800 compared to USD 253,400 a year ago. Net income was USD 123,400 compared to USD 234,300 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. 
