📊 NNUP Key Takeaways
Is Nocopi Technologies Inc./MD/ (NNUP) a Good Investment?
NoCopi Technologies demonstrates exceptional revenue growth of 146.9% YoY and maintains a strong cash position ($11.6M) with exceptional liquidity ratios, but faces significant operational challenges with a -40.3% operating margin and negative net income despite improved loss reduction. The company's strong free cash flow ($713.9K) and minimal debt provide financial flexibility, though sustained profitability remains unproven and path to break-even is unclear.
Nocopi shows a sharp YoY revenue inflection with strong gross margins, while still operating at a loss. A cash‑rich, debt‑free balance sheet and positive operating/free cash flow provide ample runway to convert growth into profitability. If management leverages fixed costs and sustains growth, fundamentals can improve materially.
Why Buy Nocopi Technologies Inc./MD/ Stock? NNUP Key Strengths
- Revenue growth of 146.9% YoY demonstrates strong market demand and successful execution of sales strategy
- Exceptional cash position of $11.6M with minimal liabilities ($281.6K) provides substantial financial cushion and runway
- Outstanding liquidity metrics (45.02x current ratio, 43.45x quick ratio) indicate ability to meet obligations easily
- Positive free cash flow of $713.9K despite operating losses shows core operations are generating cash
- Strong gross margin of 54.5% indicates healthy unit economics and pricing power
- Net loss improvement of 94.2% YoY suggests operational efficiency gains and path toward profitability
- Debt-free, cash-rich balance sheet with minimal liabilities
- Healthy ~55% gross margin enabling operating leverage potential
- Positive operating and free cash flow despite GAAP net loss
NNUP Stock Risks: Nocopi Technologies Inc./MD/ Investment Risks
- Significant operating losses of -$601.4K with -40.3% operating margin indicate unsustainable cost structure relative to revenue
- Negative net income of -$154.9K and negative ROE/ROA of -1.1% show company is destroying shareholder value
- Operating cash flow may not sustain if losses continue; cash burn from operations could deplete reserves despite current surplus
- Company in early growth phase with unproven ability to achieve profitability at scale
- Small-cap OTC status with limited liquidity and regulatory scrutiny typical of emerging companies
- Interest coverage ratio of -25.0x reflects inability to service debt from operations, limiting financing options
- Ongoing operating losses and negative operating margin
- Small revenue base with potential customer/revenue concentration risk
- Cash flow partly driven by working-capital swings that may reverse
Key Metrics to Watch
- Path to operating profitability - watch for quarterly progression toward positive operating income
- Operating margin expansion - critical to demonstrate cost discipline as revenue scales
- Cash burn rate and runway - monitor quarterly cash flow trends to ensure no depletion of reserves
- Gross margin stability - maintain 50%+ gross margin as company scales production
- Revenue sustainability - confirm 146% growth is repeatable or identify normalized growth rate
- Operating margin (path to sustained profitability)
- YoY revenue growth and gross margin stability
Nocopi Technologies Inc./MD/ (NNUP) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 47.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 45.02x current ratio provides a solid financial cushion.
NNUP Profit Margin, ROE & Profitability Analysis
NNUP vs Market Sector: How Nocopi Technologies Inc./MD/ Compares
How Nocopi Technologies Inc./MD/ compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Nocopi Technologies Inc./MD/ Stock Overvalued? NNUP Valuation Analysis 2026
Based on fundamental analysis, Nocopi Technologies Inc./MD/ has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Nocopi Technologies Inc./MD/ Balance Sheet: NNUP Debt, Cash & Liquidity
NNUP Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Nocopi Technologies Inc./MD/'s revenue has declined by 25% over the 5-year period, indicating business contraction. The most recent EPS of $-0.25 indicates the company is currently unprofitable.
NNUP Revenue Growth, EPS Growth & YoY Performance
NNUP Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $110.2K | $25.5K | $0.00 |
| Q2 2025 | $89.0K | $25.5K | $0.00 |
| Q1 2025 | $86.5K | $25.5K | $0.00 |
| Q3 2024 | $136.9K | -$251.1K | $-0.02 |
| Q2 2024 | $89.0K | $79.1K | $0.01 |
| Q1 2024 | $86.5K | $30.3K | $0.00 |
| Q3 2023 | $136.9K | $30.3K | $0.03 |
| Q2 2023 | $150.2K | $30.3K | $0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Nocopi Technologies Inc./MD/ Dividends, Buybacks & Capital Allocation
NNUP SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Nocopi Technologies Inc./MD/ (CIK: 0000888981)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NNUP
What is the AI rating for NNUP?
Nocopi Technologies Inc./MD/ (NNUP) has a Combined AI Rating of BUY from Claude (HOLD) and ChatGPT (BUY) with 56% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are NNUP's key strengths?
Claude: Revenue growth of 146.9% YoY demonstrates strong market demand and successful execution of sales strategy. Exceptional cash position of $11.6M with minimal liabilities ($281.6K) provides substantial financial cushion and runway. ChatGPT: Debt-free, cash-rich balance sheet with minimal liabilities. Healthy ~55% gross margin enabling operating leverage potential.
What are the risks of investing in NNUP?
Claude: Significant operating losses of -$601.4K with -40.3% operating margin indicate unsustainable cost structure relative to revenue. Negative net income of -$154.9K and negative ROE/ROA of -1.1% show company is destroying shareholder value. ChatGPT: Ongoing operating losses and negative operating margin. Small revenue base with potential customer/revenue concentration risk.
What is NNUP's revenue and growth?
Nocopi Technologies Inc./MD/ reported revenue of $1.5M.
Does NNUP pay dividends?
Nocopi Technologies Inc./MD/ does not currently pay dividends.
Where can I find NNUP SEC filings?
Official SEC filings for Nocopi Technologies Inc./MD/ (CIK: 0000888981) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NNUP's EPS?
Nocopi Technologies Inc./MD/ has a diluted EPS of $-0.01.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is NNUP a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Nocopi Technologies Inc./MD/ has a BUY rating with 56% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is NNUP stock overvalued or undervalued?
Valuation metrics for NNUP: ROE of -1.1% (sector avg: 15%), net margin of -10.4% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy NNUP stock in 2026?
Our dual AI analysis gives Nocopi Technologies Inc./MD/ a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NNUP's free cash flow?
Nocopi Technologies Inc./MD/'s operating cash flow is $713.9K, with capital expenditures of $0.0. FCF margin is 47.8%.
How does NNUP compare to other Market stocks?
Vs Default sector averages: Net margin -10.4% (avg: 12%), ROE -1.1% (avg: 15%), current ratio 45.02 (avg: 1.8).