Nocopi Technologies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 11, 2021 at 04:16 pm EDT
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Nocopi Technologies, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 513,900 compared to USD 627,300 a year ago. Operating income was USD 42,400 compared to USD 73,600 a year ago. Net income was USD 42,500 compared to USD 70,800 a year ago. For the half year, total revenue was USD 1.125 million compared to USD 1.147 million a year ago. Operating income was USD 160,300 compared to USD 77,800 a year ago. Net income was USD 157,300 compared to USD 123,400 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. 
