# Nocopi Technologies Posts $1.4 Million Q3 Profit as Revenue Jumps 763%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/56970
Published: 2026-11-13T19:07:42.000Z
Updated: 2026-11-13T19:07:42.000Z
Section: Business

> Revenue for the quarter ended Sept. 30, 2026, reached $3.33 million, and basic and diluted earnings per share were $0.12.

Nocopi Technologies swung to $1.4 million in third-quarter profit and earned $0.12 per share as its revenue base expanded sharply from a year earlier. The unaudited results cover the three months ended Sept. 30, 2026.

Net income was $1,397,029, compared with a $26,800 loss in the quarter ended Sept. 30, 2025. Basic and diluted earnings per share were both $0.12; the year-earlier quarter had a loss per share of $0.00.

Revenue climbed to $3,328,815 from $385,800, an increase of 763%. License, royalty and fee revenue totaled $1,730,587, up from $110,200 in the prior-year quarter. Product and other sales were $1,598,228, compared with $275,600 a year earlier.

Higher license, royalty and fee revenue accounted for most of the increase. Growth in product and other sales also reflected sales from Polymeric U.S. and increased ink shipments for entertainment and toy products.

On May 18, 2026, Nocopi acquired nearly all of Polymeric U.S. Inc.’s assets. The company develops specialty inks and coatings, including for educational and toy products, authentication, and industrial and commercial printing.

During the quarter, Nocopi renewed the license deal, extended it through June 2030, added a royalty-bearing product line and raised its guaranteed minimum royalty. The agreement changes and the higher license, royalty and fee revenue were reported in the same quarter as the acquisition-related sales.

President Kevin C. Westenburg cited “growing free cash flow to compound value for shareholders.” The company’s quarterly results included revenue from licensing, royalties, fees, products and other sales.