Nocopi Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 10:20 am EST
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Nocopi Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 0.5751 million compared to USD 0.6859 million a year ago. Net loss was USD 0.4533 million compared to net income of USD 0.2065 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
For the nine months, revenue was USD 1.77 million compared to USD 1.54 million a year ago. Net loss was USD 0.3439 million compared to USD 0.2939 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.04 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. 
