NNUPOTCGames, Toys & Children's Vehicles (No Dolls & Bicycles)US GAAP · USD

Nocopi Technologies Inc/Md/

Nocopi Technologies is a Maryland-based technology licensing and specialty products company focused on reactive inks, security inks, and authentication technologies. Its business combines licensing, technical services, and direct sales of ink-based products and related equipment used in educational, toy, document authentication, and retail loss prevention applications.

Kysy yhtiöstä
Liikevaihto1,5milj. USD
−29,5 %v/v
Liikevoitto (EBIT)−0,6milj. USD
+81,8 %v/v
EBIT-marginaali−40,3%
+115,6 %-yks.v/v
Nettotulos−0,2milj. USD
+94,2 %v/v
Vapaa kassavirta0,7milj. USD
+22,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−4−20246milj. USD2020: 2,7 milj. USD2020: EBIT 0,48 milj. USD20202021: 2,0 milj. USD2021: EBIT 0,03 milj. USD20212022: 4,6 milj. USD2022: EBIT 2,0 milj. USD20222023: 2,1 milj. USD2023: EBIT −1,9 milj. USD20232024: 2,1 milj. USD2024: EBIT −3,3 milj. USD20242025: 1,5 milj. USD2025: EBIT −0,60 milj. USD20251,5−0,60
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Nocopi Technologies Inc/Md/

Liiketoiminta

Osuus liikevaihdosta
Technology licensing45 %

Licenses for use of Nocopi's proprietary ink and authentication technologies.

Royalties and license fees25 %

Royalties and minimum license fees tied to customer sales or contract terms.

Product sales20 %

Direct sales of inks, security paper, labels, and related materials.

Technical services10 %

Support services provided to licensees and their printers.

Tuotteet

Raportoitu · osuus liikevaihdosta
59,5%40,5%FY2025100 %
  • Productand Other Sales59,5 %
  • Licenses Royalties and Fees40,5 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Nocopi sells primarily to a small number of licensees and their authorized printers, rather than to a broad consumer base. Its end markets include entertainment and toy products, educational products, and retail loss prevention, where customers use Nocopi's technologies in finished goods or production workflows.

Entertainment and toy products licensees

Buy licenses, technical support, and inks to incorporate Nocopi technologies into consumer products.

Authorized printers

Purchase inks and related materials to manufacture products for Nocopi's licensees.

Retail loss prevention customers

Use security inks and authentication technologies to reduce fraud and diversion.

Educational products market

Buy specialty reactive inks for printed learning and activity products.

Strategia

Nocopi's strategy centers on deepening relationships with existing licensees in entertainment and toy products while expanding its licensee base in adjacent niche markets. It also seeks growth in retail loss prevention, broader security applications, and selective acquisitions that could add complementary technologies or services.

Expand licensee adoption in entertainment and toy productsLyhyt aikaväli

Royalties and license fees are tied to customer product launches and sales volume.

Grow retail loss prevention and security ink salesKeskipitkä aikaväli

This provides an additional end market beyond toys and can diversify revenue.

Pursue acquisitions and complementary technologiesKeskipitkä aikaväli

Acquisitions could broaden the product set and expand revenue sources.

Maantiede

Q1/2026

Nocopi is headquartered in Maryland and operates as a U.S.-based business with customer and licensee relationships that can extend into niche and geographic markets. The available disclosures do not provide a country revenue split, but the company notes exposure to U.S. consumer demand, global supply-chain conditions, and international geopolitical disruptions that can affect its licensees and end markets.

Asia73 %
North America21 %
Australia5,6 %
South America0,2 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Nocopi depends on a small number of licensees, so revenue can swing materially if a customer delays product development, changes marketing plans, or renegotiates contract terms. Its business is also exposed to consumer spending trends, retail channel demand, and broader supply-chain and geopolitical disruptions that can affect toy and security product volumes.

Järjestetty vakavuuden mukaan
Customer concentrationKorkea

A small number of substantial customers can materially affect revenue if orders change.

Kohdistuu: Entertainment and toy licensees

Licensee execution riskKorkea

Revenue depends on customer product development, marketing, and production decisions.

Kohdistuu: Product launches and royalty streams

Consumer demand weaknessKeskitaso

Toy and entertainment products are sold through retail channels and are sensitive to spending trends.

Kohdistuu: Retail end markets

Supply-chain and geopolitical disruptionKeskitaso

Customer production and distribution can be affected by global logistics and conflict-related shocks.

Kohdistuu: Licensees and printers

Kysy Clarifolta: Nocopi Technologies Inc/Md/

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition by contract type

Different timing for licenses, product sales, and services affects quarterly comparability.

Vaikutus: Can shift revenue between periods

Revenue mix sensitivity

Royalties and license fees have higher gross profit margins than product sales.

Vaikutus: Affects reported profitability and operating leverage

Quarterly volatility

A small customer base and lumpy license activity can create uneven results.

Vaikutus: Makes period-to-period trends harder to interpret

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Päivitetty: 29.4.2026