Nocopi Technologies, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 10:20 am EST
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Nocopi Technologies, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 754,800 compared to USD 637,500 a year ago. Operating income was USD 170,100 compared to USD 219,100 a year ago. Net income was USD 163,100 compared to USD 206,800 a year ago. For the nine months, total revenue was USD 1.902 million compared to USD 1.563 million a year ago. Operating income was USD 247,900 compared to USD 472,500 a year ago. Net income was USD 286,500 compared to USD 441,100 a year ago. Basic eps - continuing operations was USD 0 compared to USD 0.01 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. 
