Nocopi Technologies, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 30, 2021 at 07:03 pm
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Nocopi Technologies, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 2.658 million compared to USD 2.537 million a year ago. Operating income was USD 479,000 compared to USD 806,300 a year ago. Net income was USD 508,400 compared to USD 754,900 a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Nocopi Technologies, Inc. develops and markets specialty reactive inks for multiple applications across various industries. Its specialty inks are used by its customers for a range of purposes, from bringing entertainment products to life with a variety of color activations to providing document and brand authentication for security purposes aimed at reducing losses caused by fraudulent document reproduction or by product counterfeiting and/or diversion. Its primary markets are the large educational and toy products industry and the document and product authentication industry. It has patent protection on substantially all of its security inks, including its Rub & Reveal system and its Rub-It & Color technology. Across the Entertainment and Toy Products category, it markets its Rub-it & Color technology, which consists of specialty inks that are produced in a variety of colors and can be revealed by rubbing with a fingernail or other firm object, such as a plastic pen cap.
NOCOPI TECHNOLOGIES, INC. 