Filing Flows › Nocopi Technologies (NNUP) › Q1 2025
Nocopi Technologies (NNUP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Nocopi Technologies (NNUP) reported revenue of $479K for the first quarter 2025 (Q1 2025), +20% from a year earlier and -19% from the quarter before. Operating margin was -17.9%, net earnings $26K (5.3% of revenue).
Nocopi Technologies, Q1 2025: revenue $479K (+20% year over year), operating margin -17.9%, net earnings $26K, operating cash flow $370K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $479K | -19% | +20% |
| Operating profit | −$86K | — | — |
| Net earnings | $26K | — | — |
| Operating cash flow | $370K | — | +40% |
What changed
Revenue was $479K in Q1 2025, up 20% year over year and down 19% from the previous quarter. Productand Other Sales was the largest line at 60% of revenue. Licenses Royalties and Fees added $104K year over year (up 120%), 129% of the total change. Productand Other Sales declined 7%.
Gross margin was 57.1%, up 15.6 points from a year earlier. Operating costs exceeded revenue by $86K, an operating margin of -17.9%. Operating expenses fell 73% while revenue rose 20%. The fastest-growing cost line was Sales & marketing (+32%). Net earnings were $26K. The effective tax rate was 0.0%. Non-operating items added $111K, 436% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $370K (up 40% year over year), 1450% of net earnings. Non-cash charges added back $2K of depreciation and amortization and $24K of share-based compensation. Working capital and other items added $319K.
Questions
What was Nocopi Technologies' revenue in the first quarter 2025?
Nocopi Technologies (NNUP) reported revenue of $479K for the first quarter 2025 (Q1 2025), +20% from a year earlier and -19% from the quarter before.
Was Nocopi Technologies profitable in the first quarter 2025?
Operating loss was $86K (-17.9% of revenue) and net earnings $26K.