Highest-materiality recent filing
NTIC Q3 net loss of $263K vs prior-year profit; sales up 12.6% to record $24.2M
Net loss attributable to NTIC of $263K ($0.03 diluted) vs net income of $122K ($0.01) a year ago.
NTIC suspends quarterly dividend starting Q3 FY2026 to focus on debt reduction
Quarterly cash dividend suspended beginning Q3 fiscal 2026; previously reduced to $0.01/share in Q3 FY2025.
NTIC Q2 FY2026 net sales up 15.3% to record $22.0M; swing to operating profit of $383K
ZERUST oil & gas sales jumped 72.1% to $2.67M (record Q2); ZERUST industrial up 11.2%.
NTIC shareholders elect all eight directors, approve say-on-pay, ratify auditor
All eight director nominees elected with 99.7% of votes cast in favor (excluding broker non-votes).
NTIC Q1 fiscal 2026 EPS $0.03 down from $0.06; net sales up 9.2% to record $23.3M
Net sales record $23.3M +9.2% YoY; ZERUST oil & gas up 58.1% to $2.4M.
NTIC extends $10M JPMorgan credit line maturity by 13 months to Feb 2027
Modified $10M Line of Credit Note dated July 8, 2025 with JPMorgan Chase.
NTIC reports Q4 net loss $1.1M, FY2025 EPS $0.00 vs $0.55; sales down 1%
FY2025 net sales $84.2M (-1% YoY); net income $18K vs $5.4M; diluted EPS $0.00 vs $0.55.
NTIC Q3 fiscal 2025 net income falls 87.5% to $122k; sales up 4% to $21.5M
Net income attributable to NTIC was $122k ($0.01 per diluted share) vs $977k ($0.10) a year ago.
NTIC Q2 fiscal 2025: net sales down 8.5%, EPS $0.04 vs $0.17; dividend cut to $0.01
Consolidated net sales decreased 8.5% to $19.07M; diluted EPS $0.04 vs $0.17 in prior-year quarter.
Quorum of 7.05M shares (74.41% of outstanding) present at January 17, 2025 annual meeting.
NTIC Q1 record sales of $21.3M (+5.7%); EPS falls to $0.06 from $0.09
Record consolidated net sales $21,338,000, up 5.7% YoY; Natur-Tec sales up 22.8% to record $5,863,000.
NTIC reports record FY2024 sales $85.1M; net income up 86% to $5.4M
Full-year net sales $85,060,000 (+6.5% YoY); net income $5,409,000 ($0.55 diluted) vs $2,912,000 ($0.30) prior year.
Net income attributable to NTIC $977K ($0.10 diluted) vs $1.06M ($0.11) in prior year, down 7.8%.
NTIC reports record Q2 sales $20.8M; EPS jumps 325% to $0.17
Net sales up 14.1% to $20.8M (record Q2); diluted EPS $0.17 vs $0.04 YoY (+325%).
NTIC stockholders approve new equity plan, elect all director nominees at annual meeting
Stockholders approved the 2024 Stock Incentive Plan, authorizing up to 800,000 new shares plus carryover from 2019 Plan.
NTIC Q1 fiscal 2024 net income up 78%, record sales $20.2M
Consolidated net sales rose 1.1% to a first-quarter record of $20.18M.
NTIC to restate Q2 and Q3 FY2023 results; net income lowered by ~$474k and $466k
Prior financials for Feb 28, 2023 and May 31, 2023 should no longer be relied upon; amendments to 10-Qs will be filed.
FY23 net sales record $79.9M, up 7.7% YoY; ZERUST oil & gas sales up 69.3% to $7.8M.
NTIC Q3 FY2023 net sales up 10.6% to record $20.97M; net income +52.5%
Consolidated net sales rose 10.6% YoY to a quarterly record $20.97M.
NTIC Q2 fiscal 2023 revenue up 9.1% to $18.3M record; net income rises to $0.09/share
Consolidated net sales increased 9.1% to a second quarter record $18,271,000.
NTIC shareholders approve charter amendment limiting officer liability; all directors elected
All eight director nominees elected with votes for ranging from 4.74M to 4.90M; broker non-votes 1,005,308.
Consolidated net sales rose 9.7% to a first-quarter record $19.95M, driven by ZERUST Oil & Gas (+66.9%) and Natur-Tec (+21.6%).
NTIC reports FY2022 net sales $74.2M, up 31.3% YoY; GAAP EPS $0.32
FY2022 total net sales $74.2M (up 31.3% vs FY2021), driven by recovery from pandemic and higher demand globally.
Record annual net sales $74.2M (+31.3% YoY); net income $6.3M ($0.66) vs $6.3M ($0.64) prior year.
NTIC Q3 FY2022: net sales record $18.97M (+23%), net income $1.0M ($0.11 EPS), down 51%
Consolidated net sales $18.965M (+23.0% YoY), a quarterly record.
NTIC Q2 fiscal 2022 record sales $16.75M but net income drops to $183k from $1.3M YoY
Consolidated net sales record $16.75M, up 31% YoY, driven by higher demand and Zerust India acquisition.
All seven director nominees elected with >4.6M votes for each; broker non-votes of 1.64M.
Extended maturity of $5M revolving credit facility to January 7, 2023.
NTIC Q1 fiscal 2022 sales record $18.2M (+42%), adjusted EPS falls to $0.08 from $0.13
Consolidated net sales $18.19M, up 42.4% YoY; record first quarter.
NTIC reports record FY2021 net sales $56.5M (+18.6% YoY); EPS $0.64 vs loss $0.15
Record FY2021 net sales $56.49M, up 18.6%; net income $6.28M vs loss $1.34M; diluted EPS $0.64 vs loss $0.15.
NTIC acquires remaining 50% of Indian JV for $6.25M; expects $0.10 EPS boost in FY2022
Acquired remaining 50% of HARITA-NTI LTD. (Zerust India) for $6.25M cash, funded via cash on hand and expanded credit line.
Director Soo-Keong Koh resigns from board for health reasons
Soo-Keong Koh resigned from the Board of Directors effective August 10, 2021.
NTIC Q3 FY2021 net sales hit record $15.4M; net income of $2.1M vs loss year ago
Consolidated net sales up 58.2% YoY to $15.4M; net income of $2.1M ($0.21 diluted EPS) vs net loss of $965,000 ($0.11 loss per share).
NTIC subsidiary to acquire Shanghai industrial building for ~$5.1M for new headquarters
Purchase price ~RMB 32.6M (~$5.1M) plus ~RMB 10M (~$1.6M) in renovation and transaction costs.
On August 10, 2021, Soo-Keong Koh, a member of the Board of Directors (the “Board”) of Northern Technologies International Corporation (the “Company”), resigned as a Board member, effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings