Northern Technologies International Corporation (NTIC)

Basic Materials | Chemicals Specialty
Income Statement (Quarterly) 2025-02-28 2024-11-30 2024-08-31 2024-05-31
Revenue 19,072,066 21,338,393 23,349,107 20,686,197
Cost of Revenue 12,276,482 13,175,440 13,129,277 12,793,103
Gross Profit 6,795,584 8,162,953 10,219,830 7,893,094
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 7,530,611 8,126,597 8,282,361 7,733,000
Operating Expenses 7,128,517 7,056,282 7,457,968 8,978,405
Operating Income -332,933 1,106,671 2,761,862 1,523,917
Interest Expense 139,155 120,220 91,294 59,939
Income Before Tax 877,824 1,012,018 2,690,000 1,478,722
Income Tax Expense 275,197 217,871 477,406 332,400
Net Income 434,319 561,091 1,835,788 976,604
Per Share
EPS 0.05 0.06 0.19 0.10
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Revenue 84,234,474 85,059,517 79,902,952 74,158,890 56,493,819
Cost of Revenue 52,557,919 51,273,155 52,099,121 51,090,298 36,920,814
Gross Profit 31,676,555 33,786,362 27,803,831 23,068,592 19,573,005
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 32,613,183 30,590,166 28,457,167 23,638,783 20,279,147
Operating Expenses 37,651,465 25,917,879 21,783,185 28,414,117 24,679,626
Operating Income -5,974,910 7,868,483 6,020,646 3,628,984 8,322,853
Interest Expense 599,927 340,129 461,805 89,096 16,086
Income Before Tax 3,031,395 7,647,181 5,587,331 9,059,770 8,458,642
Income Tax Expense 2,045,000 1,325,797 1,349,600 1,873,836 1,461,905
Net Income 17,619 5,409,082 2,912,276 6,324,700 6,281,238
Per Share
EPS 104.09 0.57 0.31 0.69 0.69
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2025-08-31 2024-08-31 2023-08-31 2022-08-31
Assets
Cash and Cash Equivalents 7,250,523 4,952,184 5,406,173 5,333,890
Short Term Investments 0 0 23,682,008,286 5,590
Net Receivables 19,860,784 20,814,388 19,149,865 16,599,908
Inventory 15,525,230 14,390,844 13,096,489 16,341,729
Total Current Assets 44,342,816 41,579,219 39,671,556 40,234,881
Property Plant Equipment 15,676,968 16,690,211 14,494,228 12,728,064
Goodwill and Intangibles 13,610,144 10,465,321 10,941,861 11,416,254
Total Assets 102,745,280 94,676,502 89,344,303 86,193,953
Liabilities
Account Payables 8,044,195 6,393,355 6,056,329 7,796,494
Short Term Debt 12,534,016 7,437,559 6,697,975 6,273,330
Total Current Liabilities 23,904,094 17,896,943 16,721,372 17,065,401
Long Term Debt 615,295 99,442 88,075 184,241
Total Liabilities 26,032,555 19,501,181 18,645,506 18,949,657
Shareholders Equity
Retained Earnings 52,273,469 53,771,211 51,004,427 50,716,613
Total Shareholders Equity 72,148,754 71,193,991 66,356,273 63,595,262
Balance Sheet (Annual) 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Assets
Cash and Cash Equivalents 7,250,523 4,952,184 5,406,173 5,333,890 7,680,641
Short Term Investments 0 0 23,682,008,286 5,590 4,634
Net Receivables 19,860,784 20,814,388 19,149,865 16,599,908 13,645,314
Inventory 15,525,230 14,390,844 13,096,489 16,341,729 11,114,207
Total Current Assets 44,342,816 41,579,219 39,671,556 40,234,881 33,747,089
Property Plant Equipment 15,676,968 16,690,211 14,494,228 12,728,064 12,197,896
Goodwill and Intangibles 13,610,144 10,465,321 10,941,861 11,416,254 709,572
Total Assets 102,745,280 94,676,502 89,344,303 86,193,953 74,370,879
Liabilities
Account Payables 8,044,195 6,393,355 6,056,329 7,796,494 4,290,972
Short Term Debt 12,534,016 7,437,559 6,697,975 6,273,330 272,336
Total Current Liabilities 23,904,094 17,896,943 16,721,372 17,065,401 8,516,196
Long Term Debt 615,295 99,442 88,075 184,241 104,102
Total Liabilities 26,032,555 19,501,181 18,645,506 18,949,657 8,620,298
Shareholders Equity
Retained Earnings 52,273,469 53,771,211 51,004,427 50,716,613 46,973,092
Total Shareholders Equity 72,148,754 71,193,991 66,356,273 63,595,262 62,368,026
Cash Flow Statement (Quarterly) 2025-08-31 2024-08-31 2023-08-31 2022-08-31
Operating Activities
Net Income 986,393 5,409,082 4,237,731 7,185,934
Depreciation & Amortization 1,757,270 1,753,064 1,630,959 1,568,332
Stock Based Compensation 1,360,086 1,381,169 1,337,734 931,532
Change in Working Capital 257,347 -1,776,501 -542,149 -5,560,958
Operating Cash Flow 2,442,955 5,883,193 5,541,219 1,146,078
Investing Activities
Capital Expenditure -3,950,323 -3,418,228 -3,361,714 -1,703,823
Investments -1,526,437 -3,298,067 -3,361,714 -1,703,823
Investing Cash Flow -3,930,323 -3,418,228 -3,343,124 -7,108,174
Financing Activities
Debt Repayment 5,575,503 691,608 -512,503 -5,900,000
Common Stock Issued/Repurchased 0 0 713,734 -5,900,000
Dividends Paid -1,515,361 -2,642,298 -2,624,462 -2,581,179
Financing Cash Flow 3,861,638 -2,957,280 -2,053,798 3,188,377
Summary
Free Cash Flow -1,507,368 2,464,965 2,179,505 -557,745
Net Change in Cash 2,298,339 -453,989 72,283 -2,346,751
Cash Flow Statement (Annual) 2025-08-31 2024-08-31 2023-08-31 2022-08-31 2021-08-31
Operating Activities
Net Income 986,393 5,409,082 4,237,731 7,185,934 6,996,737
Depreciation & Amortization 1,757,270 1,753,064 1,630,959 1,568,332 1,108,387
Stock Based Compensation 1,360,086 1,381,169 1,337,734 931,532 664,174
Change in Working Capital 257,347 -1,776,501 -542,149 -5,560,958 -2,453,129
Operating Cash Flow 2,442,955 5,883,193 5,541,219 1,146,078 2,892,940
Investing Activities
Capital Expenditure -3,950,323 -3,418,228 -3,361,714 -1,703,823 -5,643,404
Investments -1,526,437 -3,298,067 -3,361,714 -1,703,823 -5,532,750
Investing Cash Flow -3,930,323 -3,418,228 -3,343,124 -7,108,174 -103,316
Financing Activities
Debt Repayment 5,575,503 691,608 -512,503 -5,900,000 0
Common Stock Issued/Repurchased 0 0 713,734 -5,900,000 0
Dividends Paid -1,515,361 -2,642,298 -2,624,462 -2,581,179 -1,780,956
Financing Cash Flow 3,861,638 -2,957,280 -2,053,798 3,188,377 -1,522,209
Summary
Free Cash Flow -1,507,368 2,464,965 2,179,505 -557,745 -2,750,464
Net Change in Cash 2,298,339 -453,989 72,283 -2,346,751 1,277,609