Filing Flows › Nocopi Technologies (NNUP) › Q2 2025
Nocopi Technologies (NNUP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Nocopi Technologies (NNUP) reported revenue of $360K for the second quarter 2025 (Q2 2025), -22% from a year earlier and -25% from the quarter before. Operating margin was -47.9%, net loss $59K (16.3% of revenue).
Nocopi Technologies, Q2 2025: revenue $360K (-22% year over year), operating margin -47.9%, net loss $59K, operating cash flow $86K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $360K | -25% | -22% |
| Operating profit | −$172K | — | — |
| Net earnings | −$59K | -330% | — |
| Operating cash flow | $86K | -77% | — |
What changed
Revenue was $360K in Q2 2025, down 22% year over year and down 25% from the previous quarter. Productand Other Sales was the largest line at 61% of revenue. Productand Other Sales lost $150K year over year (down 41%), 152% of the total change.
Gross margin was 53.2%, up 3.0 points from a year earlier. Operating costs exceeded revenue by $172K, an operating margin of -47.9%. Operating expenses fell 73% while revenue fell 22%. The quarter ended with a net loss of $59K, after a profit of $26K the previous quarter. Non-operating items added $114K, -194% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $86K. Non-cash charges added back $2K of depreciation and $24K of share-based compensation. Working capital and other items added $118K.
Questions
What was Nocopi Technologies' revenue in the second quarter 2025?
Nocopi Technologies (NNUP) reported revenue of $360K for the second quarter 2025 (Q2 2025), -22% from a year earlier and -25% from the quarter before.
Was Nocopi Technologies profitable in the second quarter 2025?
Operating loss was $172K (-47.9% of revenue) and net loss $59K.