NTIC earnings analysis
What we found in NTIC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- Geopolitical Risks
- Ongoing instability in the Middle East could disrupt sales and increase costs, particularly for the oil and gas segment.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.03
- Gross margin
- 33.6%
- Segment
- ZERUST® products and services
- Segment
- Natur-Tec® products
What they said about what is next.
Management anticipates further improvement in gross margins and profitability in Q4.
The filing reads about the same as the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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