Nocopi Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 02:22 pm EDT
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Nocopi Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 0.5143 million compared to USD 0.5139 million a year ago. Net loss was USD 0.297 million compared to net income of USD 0.0425 million a year ago.
For the six months, revenue was USD 0.8537 million compared to USD 1.13 million a year ago. Net loss was USD 0.5004 million compared to net income of USD 0.1573 million a year ago. Basic loss per share from continuing operations was USD 0.1. Diluted loss per share from continuing operations was USD 0.1.
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. 
