NOCOPI TECHNOLOGIES, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6M | $1.4M | $950.8K | $922.8K | $750.2K | $637.0K | $713.5K | $658.7K |
| Cost of Revenue | $443.1K | $442.1K | $333.0K | $324.3K | $285.5K | $202.0K | $262.4K | $275.5K |
| Gross Profit | $1.1M | $941.4K | $617.8K | $598.5K | $464.7K | $435.0K | $451.1K | $383.2K |
| Gross Margin | 71.7% | 68.0% | 65.0% | 64.9% | 61.9% | 68.3% | 63.2% | 58.2% |
| Operating Expenses | ||||||||
| Research & Development | $146.3K | $138.8K | $128.1K | $121.6K | $111.9K | $109.4K | $113.7K | $132.3K |
| SG&A Expense | $317.6K | $294.8K | $325.6K | $253.4K | $195.2K | $302.0K | $353.8K | $332.5K |
| Operating Income | $406.3K | $271.8K | $-38.7K | $29.0K | $-12.9K | $-143.8K | $-183.7K | $-234.4K |
| Operating Margin | 25.9% | 19.6% | -4.1% | 3.1% | -1.7% | -22.6% | -25.7% | -35.6% |
| Interest Expense | $25.6K | $13.3K | $35.6K | $21.6K | $16.3K | $10.1K | — | — |
| Pretax Income | $381.2K | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | $381.2K | $258.5K | $-18.0K | $7.7K | $10.3K | $-146.1K | $-27.3K | $-245.1K |
| Net Margin | 24.3% | 18.7% | -1.9% | 0.8% | 1.4% | -22.9% | -3.8% | -37.2% |
| EPS (Basic) | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 58.6M | 58.6M | 58.6M | 58.6M | 58.6M | 58.6M | 58.3M | 57.9M |
| Shares Outstanding (Diluted) | 58.9M | 58.6M | 58.6M | 58.6M | 58.7M | 58.6M | 58.3M | 57.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |