Nocopi Technologies, Inc. (OTCQB: NNUP) has reported its financial results for the quarter ended September 30, 2026. The company announced a significant increase in total revenues for the fiscal 2026 third quarter, which rose 763% to $3.329 million. This figure compares to $0.386 million in the same period during fiscal 2025.
The filing details that this revenue growth was driven by two primary factors. First, the company executed an early license renewal and multi-year extension of an existing agreement, which added newly developed product technologies and increased guaranteed minimum royalties. Second, the results reflect revenue from the previously announced acquisition of Polymeric.
On the income statement, the company reported a gross profit of $2.203 million for the third quarter of 2026, representing 66% of gross revenues. This is an increase from $0.178 million, or 46% of gross revenues, in the prior year period. The company reported a net income of $1.397 million, or $0.12 per share, for the quarter, compared to a net loss of $(0.027) million in the fiscal 2025 third quarter.
For the nine months ended September 30, 2026, total revenues were approximately $4.68 million, an increase of 282% compared to $1.225 million for the same period in 2025. Net income for the nine months was $0.863 million, compared to a net loss of $(0.060) million in the prior year.
The company noted that total operating expenses for the third quarter of 2026 were $0.982 million, up from $0.320 million in the prior year. This increase was primarily attributed to the inclusion of Polymeric’s operations and elevated professional and consulting fees related to the acquisition and integration process.
Regarding its balance sheet, Nocopi Technologies reported cash and cash equivalents, marketable securities, and held-to-maturity investments totaling $10.278 million as of September 30, 2026. The company stated it has no debt outstanding. Working capital was reported at $11.266 million, and total stockholders' equity was $16.149 million, an increase from $13.603 million at December 31, 2025.
