NOCOPI TECHNOLOGIES INC/MD/
NNUPOTCConsumer Discretionary · Games, Toys & Children's Vehicles (No Dolls & Bicycles) · MD · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $605,100 | $511,500 | $563,200 | $3.6M | $809,900 | $744,000 |
| Operating income | −$601,400 | −$3.3M | −$1.9M | $2.0M | $25,200 | $479,000 |
| Net income | −$154,900 | −$2.7M | −$1.4M | $1.8M | $49,400 | $508,400 |
| Total assets | $14.0M | $13.9M | $14.0M | $9.6M | $3.8M | $3.9M |
| Total liabilities | — | $281,600 | $1.6M | — | — | — |
| Equity | $13.6M | $13.6M | $12.4M | $8.8M | $3.5M | $3.5M |
| EPS (diluted) | $-0.01 | $-0.25 | $-0.15 | $0.24 | $0.01 | $0.01 |
| Shares out. | 10.8M | 10.5M | 9.3M | 67.5M | 67.4M | 61.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −99.4%
- Net margin
- −25.6%
- Return on equity
- −1.1%
- Return on assets
- −1.1%
- Return on capital (ROCE)
- −4.4%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $1.26
- Revenue growth (YoY)
- 18.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −6.2%clean
- Piotroski F-Score
- 5/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 2 warning● 3 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 17, 2010
- NT 10-Qmissed a reporting deadline ↗May 18, 2010
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2007
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2006
- NT 10-Kmissed a reporting deadline ↗Apr 3, 2006
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2004
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Frost Phillip Md Et AlActivist (13D)Jun 11, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Winger Matthew C.Officer — Chief Executive Officer | Dec 29, 2025 | Grant | 10,000 | — |
| Westenburg Kevin CamererOfficer — President | Dec 29, 2025 | Grant | 20,000 | — |
| Glickman Debra ElyseOfficer — Chief Financial Officer | Dec 29, 2025 | Grant | 10,000 | — |
| Glickman Debra ElyseOfficer — Chief Financial Officer | Dec 24, 2025 | Option exercise | 5,000 | — |
| Frost Phillip Md Et Al10% owner | Sep 11, 2025 | Grant | 21,930 | $0.00 |
| Westenburg Kevin CamererOfficer — President | Aug 26, 2025 | Buy | 5,000 | $1.60 |
| Westenburg Kevin CamererOfficer — President | Aug 19, 2025 | Buy | 5,000 | $1.60 |
| Steinberg Joseph S10% owner | Jun 6, 2025 | Buy | 195,851 | $1.10 |
| Winger Matthew C.Officer — Chief Executive Officer | Jun 6, 2025 | Buy | 101,416 | $1.10 |
| Frost Phillip Md Et Al10% owner | Jun 6, 2025 | Buy | 195,852 | $1.10 |
| Glickman Debra ElyseOfficer — Chief Financial Officer | Dec 24, 2024 | Option exercise | 5,000 | — |
| Goldman Jacqueline JoyDirector | Dec 22, 2024 | Grant | 60,000 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| Mar 13, 2026 | 2,669 | 1.0 | -33.6% |
| Feb 27, 2026 | 4,022 | 1.0 | +100.0% |
| Jan 30, 2026 | 349 | 1.0 | -16.9% |
| Jan 15, 2026 | 420 | 1.0 | +100.0% |
| Nov 28, 2025 | 45 | 1.0 | +100.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Completed an acquisition or disposition · Unregistered equity sale · Regulation FD disclosureMay 21, 2026
- Entered a material agreement · Unregistered equity saleJan 5, 2026
- Director / officer changeDec 18, 2025
- Shareholder voteJun 20, 2025
- Director / officer changeJun 13, 2025
- Director / officer changeJun 11, 2025
- Director / officer changeMar 4, 2025
- Changed auditorOct 4, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KFORM 8-KMay 21, 2026
- 10-QFORM 10-QMay 15, 2026
- DEFA14AApr 30, 2026
- ARSApr 30, 2026
- DEF 14APROXY STATEMENTApr 30, 2026
- 10-KFORM 10-KMar 31, 2026
- 3Jan 6, 2026
- 4Jan 5, 2026
- 4Jan 5, 2026
- 4Jan 5, 2026
- 8-KFORM 8-KJan 5, 2026
- 4Dec 30, 2025
- 8-KFORM 8-KDec 18, 2025
- 10-QFORM 10-QNov 12, 2025
- 4OWNERSHIP DOCUMENTSep 15, 2025
Event-driven situations (1)
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