Company Quick10K Filing
Northern Technologies International
10-Q 2019-11-30 Filed 2020-01-08
10-K 2019-08-31 Filed 2019-11-13
10-Q 2019-05-31 Filed 2019-07-09
10-Q 2019-02-28 Filed 2019-04-08
10-Q 2018-11-30 Filed 2019-01-09
10-K 2018-08-31 Filed 2018-11-13
10-Q 2018-05-31 Filed 2018-07-16
10-Q 2018-02-28 Filed 2018-04-16
10-Q 2017-11-30 Filed 2018-01-12
10-K 2017-08-31 Filed 2017-11-21
10-Q 2017-05-31 Filed 2017-07-14
10-Q 2017-02-28 Filed 2017-04-11
10-Q 2016-11-30 Filed 2017-01-17
10-K 2016-08-31 Filed 2016-11-22
10-Q 2016-05-31 Filed 2016-07-11
10-Q 2016-02-29 Filed 2016-04-11
10-Q 2015-11-30 Filed 2016-01-11
10-K 2015-08-31 Filed 2015-11-13
10-Q 2015-05-31 Filed 2015-07-10
10-Q 2015-02-28 Filed 2015-04-09
10-Q 2014-11-30 Filed 2015-01-08
10-K 2014-08-31 Filed 2014-11-14
10-Q 2014-05-31 Filed 2014-07-11
10-Q 2014-02-28 Filed 2014-04-11
10-Q 2013-11-30 Filed 2014-01-10
10-K 2013-08-31 Filed 2013-11-22
10-Q 2013-02-28 Filed 2013-04-12
10-Q 2012-11-30 Filed 2013-01-14
10-K 2012-08-31 Filed 2012-11-21
10-Q 2012-05-31 Filed 2012-07-13
10-Q 2012-02-29 Filed 2012-04-12
10-Q 2011-11-30 Filed 2012-01-13
10-K 2011-08-31 Filed 2011-11-21
10-Q 2011-05-31 Filed 2011-07-13
10-Q 2011-02-28 Filed 2011-04-13
10-Q 2010-11-30 Filed 2011-01-12
10-K 2010-08-31 Filed 2010-11-23
10-Q 2010-05-31 Filed 2010-07-14
10-Q 2010-02-28 Filed 2010-04-13
10-Q 2009-11-30 Filed 2010-01-14
8-K 2020-04-07 Earnings, Exhibits
8-K 2020-01-17 Shareholder Vote
8-K 2020-01-07 Earnings, Exhibits
8-K 2019-11-12 Earnings, Exhibits
8-K 2019-07-09 Earnings, Exhibits
8-K 2019-06-03 Other Events, Exhibits
8-K 2019-04-05 Earnings, Exhibits
8-K 2019-01-18 Officers, Shareholder Vote, Exhibits
8-K 2019-01-08 Earnings, Exhibits
8-K 2018-11-13 Earnings, Exhibits
8-K 2018-07-12 Earnings, Exhibits
8-K 2018-04-12 Earnings, Exhibits
8-K 2018-01-22 Amend Bylaw, Other Events
8-K 2018-01-12 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-01-11 Earnings, Exhibits

Northern Technologies International Financials

NTIC Metrics, Comps, Filings

Quarterly | Annual

Business

Northern Technologies International Corporation (NTIC) develops and markets proprietary, environmentally-beneficial products and services in over 60 countries either directly or via a network of subsidiaries, joint ventures, independent distributors, and agents. NTIC's primary business is corrosion prevention, marketed mainly under the ZERUST® brand. NTIC has been selling its proprietary ZERUST® products and services to the automotive, electronics, electrical, mechanical, military, and retail consumer markets for over 40 years and, in recent years, has targeted and expanded into the oil and gas industry. NTIC also markets and sells a portfolio of bio-based and certified compostable (fully biodegradable) polymer resin compounds and finished products under the Natur-Tec® brand. These products are intended to reduce NTIC's customers' carbon footprint and provide environmentally sound waste disposal options.

NTIC's ZERUST® rust and corrosion inhibiting products include plastic and paper packaging, liquids, coatings, rust removers, cleaners, and diffusers as well as engineered solutions designed specifically for the oil and gas industry. NTIC also offers worldwide, on-site, technical consulting for rust and corrosion prevention issues. NTIC's technical service consultants work directly with the end users of NTIC's ZERUST® rust and corrosion inhibiting products to analyze their specific needs and develop systems to meet their performance requirements. In North America, NTIC sells its ZERUST® corrosion prevention solutions through a network of independent distributors and agents supported by a direct sales force. Internationally, NTIC sells its ZERUST® corrosion prevention solutions through its wholly-owned subsidiary in China, NTIC (Shanghai) Co., Ltd. (NTIC China), its majority-owned joint venture holding company for NTIC's joint venture investments in the Association of Southeast Asian Nations (ASEAN) region, NTI Asean LLC (NTI Asean), its majority-owned subsidiary in Brazil, Zerust Prevenção de Corrosão S.A. (Zerust Brazil), its wholly-owned subsidiary in Mexico, ZERUST-EXCOR MEXICO, S. de R.L. de C.V (Zerust Mexico), and joint venture arrangements in North America, Europe, and Asia. NTIC also sells products directly to its joint venture partners through its wholly-owned subsidiary in Germany, NTIC Europe GmbH (NTI Europe).

One of NTIC's strategic initiatives is to expand into and penetrate other markets for its ZERUST® corrosion prevention technologies. Accordingly, for the past several years, NTIC has focused significant sales and marketing efforts on the oil and gas industry, as the infrastructure that supports the industry is typically constructed using metals that are highly susceptible to corrosion. NTIC believes that its ZERUST® corrosion prevention solutions will minimize maintenance downtime on critical oil and gas industry infrastructure, extend the life of such infrastructure, and reduce the risk of environmental pollution due to leaks caused by corrosion. NTIC markets and sells its ZERUST® rust and corrosion prevention solutions to customers in the oil and gas industry across several countries either directly, through its subsidiaries, or through its joint venture partners and other strategic partners. The sale of ZERUST® corrosion prevention solutions to customers in the oil and gas industry typically involves long sales cycles, often including multi-year trial periods with each customer and a slow integration process thereafter.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Quarterly)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Establishment Labs (ESTA) 390,971 59% -14.0 -28% 118,256 74,452 65,316 38,502 -32,594 -24,933 348,412
Park Ohio (PKOH) 387,624 16% 8.3 4% 1,319,000 985,500 1,644,700 265,400 47,300 110,600 919,924
Willis Lease Finance (WLFC) 346,749 62% 7.9 3% 1,930,435 1,535,325 438,122 272,740 61,926 194,966 1,545,242
Sientra (SIEN) 323,974 60% -2.4 -51% 219,882 123,615 79,510 47,802 -111,202 -105,386 248,185
Lawson Products (LAWS) 323,920 53% 16.7 5% 207,738 94,757 282,219 150,540 10,227 18,815 314,494
RTI Surgical (RTIX) 292,200 50% 41.0 -1% 361,186 111,336 280,855 140,123 -3,321 8,050 330,324
Conformis (CFMS) 127,869 48% -4.3 -45% 73,289 53,389 79,589 37,949 -32,915 -27,325 117,871
Northern Technologies International (NTIC) 113,086 32% 16.5 8% 67,511 10,916 55,750 17,780 5,663 6,518 107,229
Invacare (IVC) 260,927 28% 75.7 -4% 847,405 531,926 939,627 262,330 -35,889 5,263 398,168
Lakeland Industries (LAKE) 96,208 34% 15.9 2% 99,104 14,863 79,620 27,271 2,076 5,578 88,423
Shiloh Industries (SHLO) 94,685 9% 7.8 -3% 651,691 484,177 1,054,707 90,576 -19,947 42,453 329,060
Virco Manufacturing (VIRC) 66,783 39% 4.8 5% 139,865 75,316 164,250 64,668 6,692 16,737 80,443
Precision Therapeutics (AIPT) 13,264 72% 105.9 0% 5,416 2,389 1,320 951 0 123 13,054
Alpha Pro Tech (APT) 48,716 37% 11.9 7% 37,864 4,621 35,746 13,130 2,665 3,665 43,610
Hudson Technologies (HDSN) 28,561 10% -18.2 -11% 204,206 149,253 162,027 15,484 -23,276 -6,358 116,006
Rewalk Robotics (RWLK) 23,214 54% -0.8 -42% 28,426 14,311 3,692 2,010 -11,976 -11,972 9,493
Nanovibronix (NAOV) 19,155 69% -3.7 -150% 3,070 840 443 307 -4,601 -4,568 16,897
Milestone Scientific (MLSS) 47,202 69% -10.0 -75% 6,243 7,647 6,074 4,179 -4,661 -4,564 45,491
Myomo (MYO) 13,064 73% -1.1 -131% 6,083 1,664 2,317 1,696 -7,952 -7,952 8,660
Industrial Services of America (IDSA) 9,385 1% -9.3 -13% 24,547 16,631 41,558 276 -3,228 -1,712 15,855

Balance Sheet ($'000)2011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-312019-08-31
Cash3,4073,3364,4664,1386,8194,2613,1764,3143,9076,9968,5502,4772,5993,3653,7942,6243,0722,5314,6273,3952,5293,0493,5006,3604,6275,0674,6104,1634,5194,9365,2245,857
Accounts Receivable
Inventory3,9673,9373,8855,9816,7327,4687,6297,3007,4117,7117,3888,0527,8807,4577,9699,1269,1759,13110,21711,30410,61910,489
PP&E3,5903,5443,7536,6256,6776,7287,7868,1148,2798,4418,5459,7199,92410,12810,29010,58110,84010,91111,05410,42910,50310,96611,10411,32911,41311,54011,76811,91812,02312,38712,65112,964
Assets39,04339,26840,92841,87847,10545,43946,51149,05451,77850,82152,18954,05853,04850,10551,87151,56650,59349,99952,77251,07050,20951,79054,00056,61358,19660,63261,21463,54963,31965,09566,15567,511
Accounts Payable1,4961,1041,4641,8181,8101,2541,2681,8312,3821,2621,6312,2252,1401,5442,1172,1012,3251,8672,7692,7542,9593,5663,5582,6773,7984,2663,3163,9054,0384,3074,4594,506
Long-Term Debt991971952933914971952933914
Liabilities4,0183,6185,0355,1219,3977,2497,5208,3209,5207,3217,4018,3047,2256,0617,1766,6926,7125,7517,0846,5356,5197,4967,4857,7528,6229,6289,39010,4729,2369,6219,81610,916
Stockholders' Equity35,02535,65035,89336,75737,70838,19138,99240,73442,25843,50044,78845,75445,82344,04444,69644,87443,88144,24845,68844,53543,69044,29446,51548,86149,57351,00551,82453,07754,08455,47456,34056,595
Income Statement ($'000)2011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-312019-08-31
Revenue4,8324,9747,8055,1705,2925,2465,8776,0876,3096,2196,9217,3777,2146,7298,2788,1027,0247,7058,6879,5189,7028,74310,22310,90111,54312,21412,92414,74414,09413,31514,89313,448
Cost of Revenue3,2093,4804,1443,6963,6913,6344,0543,9944,1584,0524,6694,9244,8074,6585,5955,4964,8755,2685,7776,3996,6135,8706,7747,0607,8888,0138,5929,6729,4619,28410,1389,087
Gross Profit1,6231,4943,6611,4751,6011,6121,8232,0932,1512,1672,2512,4532,4072,0712,6822,6062,1492,4372,9093,1183,0892,8733,4493,8423,6554,2014,3315,0724,6334,0314,7554,361
R&D8149751,0671,0199389121,0039621,1391,0991,1051,0261,0508541,0651,0781,0041,1141,2321,3756437427347947999238609438729281,0051,017
SG&A2,3782,1152,4191,9832,4202,3182,3492,3642,7062,5012,6232,7852,9332,8923,1383,3893,3832,9853,1983,9204,5114,0894,1134,3784,8204,4494,7725,3455,3074,4695,2895,254
Tax10610081421134240158332198260361306184198114153-440225364118125238700105842182831256246150190
Net Income9596061,6414497597451,2881,9621,3041,3841,3981,4521,464-581,06943-73-711,024-1,4434074851,4961,3851,1991,4222,3042,1421,6411,5521,641829
Cash Flow ($'000)2011-11-302012-02-292012-05-312012-08-312012-11-302013-02-282013-05-312013-08-312013-11-302014-02-282014-05-312014-08-312014-11-302015-02-282015-05-312015-08-312015-11-302016-02-292016-05-312016-08-312016-11-302017-02-282017-05-312017-08-312017-11-302018-02-282018-05-312018-08-312018-11-302019-02-282019-05-312019-08-31
Cash Operating-1,786-1,0041,617784-1,474-1,9723931,808-208-1,256857599-470-356-792-7501,9991,804-998-9241013,650-1,430914374751-7391,0012,4552,760
Cash Investing1,936935-353-1,1664,153196-1,047-277-2125,2301,808-6,8511,0587651,222-2,302286-201327483-3,209-122369-326-2211,464112-1,619-1,296
Cash Financing3-414040-819-417-36810-884-1,116176-43835-472-13-2237-41-239-767-172-907-439-854-393-745-510-745