Northern Technologies International (NTIC) Financial Statements
Price: $6.81
Market Cap: $64.52M
Avg Volume: 26.16K
Market Cap: $64.52M
Avg Volume: 26.16K
Country: US
Industry: Chemicals - Specialty
Sector: Basic Materials
Industry: Chemicals - Specialty
Sector: Basic Materials
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Northern Technologies International.
Income Statement
| Breakdown | August 31, 2024 | August 31, 2023 | August 31, 2022 | August 31, 2021 | August 31, 2020 | August 31, 2019 | August 31, 2018 | August 31, 2017 | August 31, 2016 | August 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $85.06M | $79.90M | $74.16M | $56.49M | $47.64M | $55.75M | $51.42M | $39.57M | $32.93M | $30.32M |
| Cost of Revenue | $51.27M | $52.10M | $51.09M | $36.92M | $31.61M | $37.97M | $34.17M | $26.32M | $22.32M | $20.56M |
| Gross Profit | $33.79M | $27.80M | $23.07M | $19.57M | $16.03M | $17.78M | $17.26M | $13.25M | $10.61M | $9.77M |
| Gross Profit Ratio | 39.72% | 34.80% | 31.11% | 34.65% | 33.65% | 31.89% | 33.56% | 33.49% | 32.23% | 32.21% |
| Research and Development Expenses | $4.80M | $4.97M | $4.78M | $4.40M | $3.98M | $3.82M | $3.52M | $2.91M | $4.72M | $4.05M |
| General and Administrative Expenses | $14.18M | $13.17M | $10.60M | $8.26M | $8.69M | $9.35M | $8.50M | $7.81M | $7.23M | $6.53M |
| Selling and Marketing Expenses | $16.41M | $15.29M | $13.04M | $12.02M | $10.66M | $10.97M | $10.89M | $9.28M | $6.26M | $5.82M |
| Selling General and Administrative Expenses | $30.59M | $28.46M | $23.64M | $20.28M | $19.34M | $20.32M | $19.39M | $17.09M | $13.49M | $12.35M |
| Other Expenses | $-9.48M | $-11.64M | $- | $- | $- | $- | $- | $- | $1.00M | $515 |
| Operating Expenses | $25.92M | $21.78M | $28.41M | $24.68M | $23.32M | $24.14M | $22.91M | $20.00M | $19.21M | $18.27M |
| Cost and Expenses | $77.19M | $73.88M | $79.50M | $61.60M | $54.93M | $62.11M | $57.08M | $46.32M | $41.53M | $38.82M |
| Interest Income | $118.83K | $28.49K | $49.24K | $151.88K | $167.73K | $78.26K | $99.46K | $43.54K | $42.12K | $34.84K |
| Interest Expense | $340.13K | $461.81K | $89.10K | $16.09K | $16.03K | $13.57K | $17.96K | $20.38K | $13.26K | $20.96K |
| Depreciation and Amortization | $1.75M | $1.63M | $1.57M | $1.11M | $1.07M | $1.10M | $1.11M | $906.14K | $779.04K | $618.11K |
| EBITDA | $9.74M | $1.20M | $1.99M | $1.97M | $-1.61M | $470.21K | $1.60M | $-391.82K | $220.12K | $-2.17M |
| EBITDA Ratio | 11.45% | 1.50% | 2.68% | 3.48% | -3.39% | 0.84% | 3.10% | -0.99% | 0.67% | -7.15% |
| Operating Income | $7.87M | $6.02M | $3.63M | $8.32M | $687.68K | $6.59M | $8.02M | $4.60M | $1.28M | $3.15M |
| Operating Income Ratio | 9.25% | 7.53% | 4.89% | 14.73% | 1.44% | 11.83% | 15.59% | 11.63% | 3.89% | 10.39% |
| Total Other Income Expenses Net | $-221.30K | $-433.31K | $3.91M | $135.79K | $151.70K | $64.69K | $81.50K | $23.16K | $-1.85M | $14.39K |
| Income Before Tax | $7.65M | $5.59M | $9.06M | $8.46M | $1.74M | $6.66M | $8.10M | $4.62M | $-572.18K | $3.17M |
| Income Before Tax Ratio | 8.99% | 6.99% | 12.22% | 14.97% | 3.65% | 11.94% | 15.75% | 11.69% | -1.74% | 10.44% |
| Income Tax Expense | $1.33M | $1.35M | $1.87M | $1.46M | $2.67M | $841.84K | $876.10K | $699.52K | $626.12K | $648.67K |
| Net Income | $5.41B | $2.91M | $6.32M | $6.28M | $-934.76K | $5.21M | $6.70M | $3.42M | $-867.51K | $1.79M |
| Net Income Ratio | 6359.17% | 3.64% | 8.53% | 11.12% | -1.96% | 9.34% | 13.03% | 8.65% | -2.63% | 5.90% |
| EPS | $0.57 | $0.31 | $0.69 | $0.69 | $-0.10 | $0.57 | $0.74 | $0.38 | $-0.10 | $0.20 |
| EPS Diluted | $0.55 | $0.30 | $0.66 | $0.64 | $-0.10 | $0.55 | $0.72 | $0.38 | $-0.10 | $0.19 |
| Weighted Average Shares Outstanding | 9.83M | 9.36M | 9.22M | 9.12M | 9.10M | 9.09M | 9.08M | 9.06M | 9.08M | 9.04M |
| Weighted Average Shares Outstanding Diluted | 9.83M | 9.69M | 9.64M | 9.87M | 9.10M | 9.42M | 9.37M | 9.15M | 9.08M | 9.30M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | August 31, 2024 | August 31, 2023 | August 31, 2022 | August 31, 2021 | August 31, 2020 | August 31, 2019 | August 31, 2018 | August 31, 2017 | August 31, 2016 | August 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $4.95M | $5.41M | $5.33M | $7.68M | $6.40M | $5.86M | $4.16M | $6.36M | $3.40M | $2.62M |
| Short Term Investments | $- | $23.68B | $5.59K | $4.63K | $5.54M | $3.57M | $3.30M | $3.77M | $2.24M | $2.03M |
| Cash and Short Term Investments | $4.95M | $5.41M | $5.34M | $7.69M | $11.95M | $9.42M | $7.46M | $10.13M | $5.64M | $4.65M |
| Net Receivables | $20.42M | $19.15M | $16.60M | $13.65M | $9.50M | $12.33M | $12.31M | $8.04M | $7.17M | $6.32M |
| Inventory | $14.39M | $13.10M | $16.34M | $11.11M | $10.96M | $10.49M | $9.13M | $7.46M | $7.71M | $7.47M |
| Other Current Assets | $1.81M | $2.02M | $1.95M | $1.30M | $797.50K | $1.06M | $1.66M | $439.30K | $422.03K | $835.58K |
| Total Current Assets | $41.58M | $39.67M | $40.23M | $33.75M | $33.20M | $33.30M | $30.57M | $26.07M | $20.94M | $19.28M |
| Property Plant Equipment Net | $16.69M | $14.49M | $12.73M | $12.20M | $7.77M | $7.36M | $7.17M | $7.36M | $7.28M | $7.29M |
| Goodwill | $4.78M | $4.78M | $4.78M | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $5.68M | $6.16M | $6.63M | $709.57K | $802.01K | $1.01M | $1.16M | $1.32M | $1.28M | $1.26M |
| Goodwill and Intangible Assets | $10.47M | $10.94M | $11.42M | $709.57K | $802.01K | $1.01M | $1.16M | $1.32M | $1.28M | $1.26M |
| Long Term Investments | $25.40M | $23.71M | $21.81M | $27.62M | $24.09M | $24.21M | $22.95M | $20.04M | $19.84M | $22.43M |
| Tax Assets | $- | $530.94K | $1.70B | $92.55K | $209.73K | $1.63M | $1.55M | $1.76M | $1.64M | $1.18M |
| Other Non-Current Assets | $544.46K | $- | $-1.70B | $- | $- | $- | $153.85K | $71.69K | $92.87K | $130.74K |
| Total Non-Current Assets | $53.10M | $49.67M | $45.96M | $40.62M | $32.87M | $34.21M | $32.98M | $30.55M | $30.13M | $32.29M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $94.68M | $89.34M | $86.19M | $74.37M | $66.07M | $67.51M | $63.55M | $56.61M | $51.07M | $51.57M |
| Account Payables | $6.39M | $6.06M | $7.80M | $4.29M | $3.21M | $4.51M | $3.91M | $2.68M | $2.75M | $2.10M |
| Short Term Debt | $7.44M | $6.70M | $6.27M | $272.34K | $386.35K | $- | $- | $- | $- | $- |
| Tax Payables | $327.78K | $13.05K | $30.74K | $178.92K | $310.92K | $6.76K | $70.89K | $137.26K | $215.91K | $198.46K |
| Deferred Revenue | $- | $- | $- | $- | $1.63M | $- | $- | $- | $- | $- |
| Other Current Liabilities | $3.74M | $3.95M | $2.96M | $3.77M | $2.20M | $3.33M | $3.75M | $2.08M | $1.02M | $1.37M |
| Total Current Liabilities | $17.90M | $16.72M | $17.07M | $8.52M | $6.10M | $7.84M | $7.73M | $4.89M | $3.99M | $3.67M |
| Long Term Debt | $99.44K | $88.08K | $184.24K | $104.10K | $272.44K | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $-1.88B | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $1.84M | $1.70M | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $1.60B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $1.60B | $1.92M | $1.88M | $104.10K | $272.44K | $- | $- | $- | $- | $- |
| Other Liabilities | $-1.60B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $19.50M | $18.65M | $18.95M | $8.62M | $6.37M | $7.84M | $7.73M | $4.89M | $3.99M | $3.67M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $189.34K | $188.48K | $184.65K | $183.70K | $182.00K | $181.74K | $90.83K | $90.70K | $90.67K | $90.78K |
| Retained Earnings | $53.77M | $51.00M | $50.72M | $46.97M | $42.47M | $44.99M | $41.96M | $37.08M | $33.66M | $34.52M |
| Accumulated Other Comprehensive Income Loss | $-6.38M | $-6.82M | $-7.25M | $-3.53M | $-3.41M | $-4.59M | $-3.60M | $-2.47M | $-3.01M | $-3.18M |
| Other Total Stockholders Equity | $23.62M | $21.99M | $19.94M | $18.74M | $17.42M | $16.01M | $14.62M | $14.16M | $13.80M | $13.44M |
| Total Stockholders Equity | $71.19M | $66.36M | $63.60M | $62.37M | $56.66M | $56.59M | $53.08M | $48.86M | $44.53M | $44.87M |
| Total Equity | $75.18M | $70.70M | $67.24M | $65.75M | $59.70M | $59.67M | $55.82M | $51.72M | $47.08M | $47.89M |
| Total Liabilities and Stockholders Equity | $94.68M | $89.34M | $86.19M | $74.37M | $66.07M | $67.51M | $63.55M | $56.61M | $51.07M | $51.57M |
| Minority Interest | $3.98M | $4.34M | $3.65M | $3.38M | $3.05M | $3.07M | $2.74M | $2.86M | $2.54M | $3.02M |
| Total Liabilities and Total Equity | $94.68M | $89.34M | $86.19M | $74.37M | $66.07M | $67.51M | $63.55M | $56.61M | $51.07M | $51.57M |
| Total Investments | $25.40M | $23.71M | $21.82M | $27.63M | $29.64M | $27.77M | $26.25M | $23.80M | $22.08M | $24.46M |
| Total Debt | $7.54M | $6.79M | $6.46M | $376.44K | $658.79K | $- | $- | $- | $- | $- |
| Net Debt | $2.58M | $1.38M | $1.12M | $-7.30M | $-5.74M | $-5.86M | $-4.16M | $-6.36M | $-3.40M | $-2.62M |
Cash Flow Statement
| Breakdown | August 31, 2024 | August 31, 2023 | August 31, 2022 | August 31, 2021 | August 31, 2020 | August 31, 2019 | August 31, 2018 | August 31, 2017 | August 31, 2016 | August 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $6.32M | $4.24M | $7.19M | $7.00M | $-934.76K | $5.82M | $7.22M | $3.92M | $-1.20M | $2.52M |
| Depreciation and Amortization | $1.75M | $1.63M | $1.57M | $1.11M | $1.07M | $1.10M | $1.11M | $906.14K | $779.04K | $618.11K |
| Deferred Income Tax | $-336.25K | $-395.00K | $-81.50K | $114.62K | $1.42M | $-89.64K | $186.81K | $-117.30K | $-47.00K | $131.78K |
| Stock Based Compensation | $1.38M | $1.34M | $931.53K | $664.17K | $1.34M | $1.43M | $413.01K | $391.66K | $427.44K | $495.68K |
| Change in Working Capital | $-1.78M | $-542.15K | $-5.56M | $-2.45M | $415.72K | $-561.27K | $-4.48M | $102.46K | $-548.72K | $-1.62M |
| Accounts Receivables | $- | $-1.45M | $-2.16M | $-3.18M | $2.03M | $-113.28K | $-4.44M | $-992.04K | $-870.32K | $-393.18K |
| Inventory | $-1.33B | $3.03M | $-4.82M | $58.31K | $-435.71K | $-1.49M | $-1.91M | $305.27K | $-257.83K | $-1.68M |
| Accounts Payables | $449.01M | $-1.51M | $3.01M | $866.60K | $-1.23M | $682.79K | $1.64M | $-129.37K | $641.63K | $127.91K |
| Other Working Capital | $883.17M | $-617.30K | $-1.59M | $-198.48K | $51.76K | $356.06K | $231.25K | $918.60K | $-62.20K | $327.28K |
| Other Non Cash Items | $5.88B | $-728.05K | $-2.90M | $-3.54M | $1.60M | $-2.22M | $-3.84M | $528.15K | $2.64M | $-2.90M |
| Net Cash Provided by Operating Activities | $5.88B | $5.54M | $1.15M | $2.89M | $4.91M | $5.48M | $608.69K | $5.74M | $2.06M | $-755.54K |
| Investments in Property Plant and Equipment | $-3.30M | $-3.25M | $-1.70M | $-5.64M | $-807.41K | $-1.07M | $-766.98K | $-1.08M | $-778.82K | $-1.59M |
| Acquisitions Net | $- | $- | $-5.40M | $110.65K | $96.00K | $114.44K | $86.48K | $162.53K | $- | $- |
| Purchases of Investments | $- | $- | $-956 | $-800.00K | $-4.00M | $-3.37M | $-1.52M | $-3.00M | $-216.42K | $- |
| Sales Maturities of Investments | $- | $5.59K | $5.61M | $6.34M | $2.02M | $3.10M | $1.99M | $1.48M | $- | $3.49M |
| Other Investing Activities | $-120.16K | $-101.06K | $-5.61M | $-110.65K | $-93.81K | $-114.44K | $-86.48K | $-162.53K | $-351.83K | $3.34M |
| Net Cash Used for Investing Activities | $-3.42M | $-3.34M | $-7.11M | $-103.32K | $-2.78M | $-1.34M | $-300.11K | $-2.61M | $-995.24K | $1.90M |
| Debt Repayment | $691.61K | $512.50K | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $713.73K | $272.29K | $658.75K | $64.19K | $52.55K | $43.38K | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $-6.17M | $- | $- | $- | $- | $-196.22K | $-138.88K | $-24.35K |
| Dividends Paid | $-2.64M | $-2.62M | $-2.58M | $-1.78M | $-1.18M | $-2.18M | $-1.82M | $- | $- | $- |
| Other Financing Activities | $-1.01M | $58.16K | $5.77M | $258.75K | $-335.81K | $-213.42K | $-556.62K | $-30.46K | $-131.37K | $-850.30K |
| Net Cash Used Provided by Financing Activities | $-2.96M | $-2.05M | $3.19M | $-1.52M | $-1.52M | $-2.39M | $-2.37M | $-226.69K | $-270.25K | $-874.65K |
| Effect of Forex Changes on Cash | $38.33K | $-72.01K | $426.97K | $10.19K | $-63.11K | $-49.70K | $-133.63K | $63.84K | $-18.83K | $-124.06K |
| Net Change in Cash | $-453.99K | $72.28K | $-2.35M | $1.28M | $546.27K | $1.69M | $-2.20M | $2.96M | $771.29K | $146.96K |
| Cash at End of Period | $4.95M | $5.41M | $5.33M | $7.68M | $6.40M | $5.86M | $4.16M | $6.36M | $3.40M | $2.62M |
| Cash at Beginning of Period | $5.41M | $5.33M | $7.68M | $6.40M | $5.86M | $4.16M | $6.36M | $3.40M | $2.62M | $2.48M |
| Operating Cash Flow | $5.88M | $5.54M | $1.15M | $2.89M | $4.91M | $5.48M | $608.69K | $5.74M | $2.06M | $-755.54K |
| Capital Expenditure | $-3.42M | $-3.36M | $-1.70M | $-5.64M | $-807.41K | $-1.07M | $-766.98K | $-1.08M | $-778.82K | $-1.59M |
| Free Cash Flow | $2.46M | $2.18M | $-557.75K | $-2.75M | $4.10M | $4.40M | $-158.30K | $4.65M | $1.28M | $-2.35M |