NOCOPI TECHNOLOGIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M | $2.1M | $2.1M | $4.6M | $2.0M | $2.7M | $2.5M | $3.3M |
| Cost of Revenue | $680.4K | $1.0M | $982.0K | $727.7K | $738.1K | $1.1M | $841.7K | $561.2K |
| Gross Profit | $813.4K | $1.1M | $1.1M | $3.9M | $1.2M | $1.5M | $1.7M | $2.8M |
| Gross Margin | 54.5% | 52.0% | 52.9% | 84.3% | 62.2% | 57.7% | 66.8% | 83.2% |
| Operating Expenses | ||||||||
| Research & Development | $179.9K | $178.2K | $163.4K | $140.4K | $181.5K | $173.5K | $165.6K | $153.2K |
| SG&A Expense | $952.3K | $3.9M | $2.5M | $1.2M | $719.4K | $526.1K | $393.9K | $369.4K |
| Operating Income | $-601.4K | $-3.3M | $-1.9M | $2.0M | $25.2K | $479.0K | $806.3K | $1.9M |
| Operating Margin | -40.3% | -155.8% | -89.8% | 44.2% | 1.3% | 18.0% | 31.8% | 56.0% |
| Interest Expense | $24.1K | $23.3K | $14.9K | $2.0K | $2.2K | $6.9K | $10.8K | $12.3K |
| Pretax Income | $-154.9K | $-2.7M | $-1.6M | $2.1M | $43.7K | $490.3K | $807.2K | $1.9M |
| Income Tax Expense | $0 | $0 | $-122.7K | $294.5K | $-5.7K | $-18.1K | $52.3K | $205.8K |
| Net Income | $-154.9K | $-2.7M | $-1.4M | $1.8M | $49.4K | $508.4K | $754.9K | $1.7M |
| Net Margin | -10.4% | -126.5% | -68.9% | 39.2% | 2.5% | 19.1% | 29.8% | 49.5% |
| EPS (Basic) | $-0.01 | $-0.25 | $-0.15 | $0.24 | $0.01 | $0.01 | $0.01 | $0.03 |
| EPS (Diluted) | $-0.01 | $-0.25 | $-0.15 | $0.24 | $0.01 | $0.01 | $0.01 | $0.03 |
| Shares Outstanding (Basic) | 10.8M | 10.5M | 9.7M | 7.6M | 6.7M | 64.1M | 59.4M | 58.6M |
| Shares Outstanding (Diluted) | 10.8M | 10.5M | 9.7M | 7.6M | 6.7M | 64.2M | 59.8M | 59.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |