Q1 Revenue Drops 19%, Swings to Net Loss with Negative Operating Cash Flow
NNUP sits 21% above its 52-week low of $1.16 on light trading volume (0.3× avg).
Summary
Nocopi Technologies reported a 19% revenue decline and a swing to net loss in Q1 2026, alongside negative operating cash flow, though it maintains a strong $11.9M cash balance and is pursuing acquisitions.
Key Events · Earnings and Guidance · NNUP
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Revenue Decline
Total revenues for Q1 2026 decreased by 19% to $389,700 from $479,000 in Q1 2025, primarily due to lower licenses, royalties, and fees.
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Shift to Net Loss
The company reported a net loss of $62,300 in Q1 2026, a significant reversal from the net income of $25,500 in Q1 2025.
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Negative Operating Cash Flow
Cash flow from operating activities turned negative, using $27,000 in Q1 2026, compared to providing $369,700 in Q1 2025.
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Strong Cash Position
Despite operational losses, the company ended Q1 2026 with $11.9 million in cash and cash equivalents, an increase from $11.55 million at year-end 2025, largely due to financing activities.
Analysis · NNUP · Manufacturing
Nocopi Technologies reported a significant deterioration in its first-quarter 2026 financial performance. Revenue declined by 19% year-over-year, leading to a net loss of $62,300 compared to a net income in the prior year. Operating activities also turned negative, using $27,000 in cash. This marks a sharp reversal from the positive operating cash flow reported in the previous year's first quarter. Despite these operational challenges, the company maintains a strong cash position of $11.9 million, providing substantial liquidity. The company also confirmed a $400,000 private placement that closed in January 2026 at $1.50 per share, which included participation from its President. Management indicated active pursuit of acquisitions to expand the business.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NNUP was trading at $1.40 on OTC in the Manufacturing sector, with a market capitalization of approximately $15.5M. The 52-week trading range was $1.16 to $2.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.