Nocopi's Q2 Revenue Jumps 167% on Polymeric Deal, but Loss Widens to $472K

summarizeSummary

Nocopi's Q2 2026 revenue surged 167% to $961K on the Polymeric acquisition, but the net loss widened to $472K due to acquisition costs and lower margins. Cash remains solid at $10.7M.

check_boxKey Events · Earnings and Guidance · NNUP

• Revenue Surges 167% on Acquisition

  Q2 2026 total revenue reached $961,012, up from $360,000 in Q2 2025, driven by the Polymeric acquisition which contributed $620,000 in revenue from May 18 to June 30.

• Net Loss Widens to $472K

  Net loss for Q2 2026 was $471,927, compared to a $58,600 loss in Q2 2025, due to $270,000 in acquisition-related costs and a 14-point drop in gross margin to 37%.

• Cash Burn from Acquisition

  Cash declined to $10.69 million from $11.55 million at year-end 2025, with $1.75 million paid for the Polymeric acquisition and $600,000 raised from equity sales.

• Acquisition Integration Costs

  Professional and consulting expenses jumped to $417,300 in Q2 2026 from $118,300 a year earlier, including $170,000 in legal fees and a $100,000 transition support payment.

auto_awesomeAnalysis · NNUP · Manufacturing

Investors get their first look at the full quarterly impact of the Polymeric acquisition, and the picture is mixed. Revenue more than doubled to $961K, yet integration costs and higher operating expenses pushed the net loss to $472K from $59K a year ago. The acquired business added $620K in revenue and $85K in net income, but acquisition-related costs of $270K and a 14-point drop in gross margin to 37% offset the top-line growth. Cash remains strong at $10.7M, though the company burned $866K in the first half, mostly on the acquisition. This is the first time investors can see the actual financial impact of the May deal, making it a key data point for assessing whether the acquisition is accretive or dilutive to shareholder value.