NOCOPI TECHNOLOGIES INC/MD/ (NNUP) Form 10-Q — May 15, 2026
Nocopi Technologies reported a net loss of $62,300 for the first quarter of 2026, reversing a net income of $25,500 in the same period last year. Total revenue declined 19% to $389,700, driven primarily by a 47% drop in license, royalty, and fee income due to the timing of a major license renewal in January 2025. The company closed a private placement on January 9, 2026, raising $400,000 by issuing 266,666 shares at $1.50 per share. Proceeds are designated for future acquisitions, aligning with management's stated strategy to expand through M&A.
Key figures
- Revenue
- 389700
- Total Debt
- 0
- Cash Position
- 11913000
- Shares Outstanding
- 11101789
- Interest Income
- 105200
- Private Placement Price
- 1.5
- Private Placement Proceeds
- 400000
- Shares Issued Private Placement
- 266666
Price after filing
Close on the filing date to close N calendar days later (from $1.40). Historical, not a forecast.
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