10-Q · April 9, 2026
NTIC reported quarterly revenue of $21,996,785, up 15.3% YoY, driven by higher joint venture activity; gross margin was essentially stable at ~35.7%. Operating income swung to a positive $382,774 from an operating loss…
Earnings analysis · 10-Q
NTIC earnings analysis
Filed July 9, 2026 · Our reading of the company's report
The latest report
Northern Technologies International Corporation reported Q3 fiscal 2026 results with revenue of $24,215,662, representing a 12.6% year-over-year increase. However, the company experienced a net loss of $263,291, or…
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Northern Technologies International Corporation reported Q3 fiscal 2026 results with revenue of $24,215,662, representing a 12.6% year-over-year increase. However, the company experienced a net loss of $263,291, or $0.03 per diluted share, compared to a profit in the previous year. Cost pressures continue to impact margins despite strong performance from the ZERUST® and Natur-Tec® product lines.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.03
- Gross margin
- 33.6%
- Segment
- ZERUST® products and services
- Segment
- Natur-Tec® products
What stood out
-
Revenue Growth of 12.6% YoY
NTIC achieved revenue of $24,215,662 for Q3 2026, a 12.6% increase from $21,508,563 in Q3 2025.
-
Strong ZERUST® Sales
Sales of ZERUST® products increased 15.4% to $18,145,611, driven by demand in oil and gas sectors.
-
Joint Venture Income Increase
Income from joint ventures grew by 56.4% to $1,517,174 for the quarter.
-
Naturl-Tec® Sales Rise
Natur-Tec® product sales rose 5.0%, contributing $6,070,051 to total revenue.
-
Controlled Operating Expenses
Total operating expenses increased by just 5.3%, showing effective cost management amid inflation.
-
Improved Cash Flow from Financing
Net cash provided by financing activities increased to $1,951,460, bolstered by borrowings under the line of credit.
What to watch
-
Increased Cost of Goods Sold
Cost of goods sold as a percentage of revenue rose to 66.4% in Q3 2026 from 61.6% in Q3 2025, undercutting margins.
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Geopolitical Risks
Ongoing instability in the Middle East could disrupt sales and increase costs, particularly for the oil and gas segment.
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Net Loss Reported
The company reported a net loss of $263,291 in Q3 2026, contrasting with a net profit of $121,775 in Q3 2025.
Management's outlook
Management anticipates further improvement in gross margins and profitability in Q4.
Earlier filings 4
10-Q · January 8, 2026
NTIC reported net sales of $23,308,881 for the three months ended November 30, 2025, up from $21,338,393 a year earlier, while net income attributable to NTIC fell to $237,819 from $561,091. Gross profit was $8,383,626…
10-K · November 20, 2025
NTIC is a small, global specialty chemicals company whose core ZERUST® corrosion-prevention business (74.2% of fiscal 2025 net sales) and Natur‑Tec® compostable bioplastics (25.8%) produced consolidated net sales of…
10-Q · July 11, 2025
NTIC's Q3 (three months ended May 31, 2025) showed modest revenue growth to $21,508,563 (+$822,366 vs. prior-year quarter) and a stable gross margin of 38.4%, but operating profitability and EPS deteriorated sharply…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.