Northern Technologies International Corporation (NTIC)

NTIC Income Statement

Financials in millions USD. Fiscal year is September - August.

Year	2023	2022	2021	2020	2019
Revenue	79.9	74.16	56.49	47.64	55.75
Revenue Growth (YoY)	7.75%	31.27%	18.59%	-14.55%	8.41%
Cost of Revenue	52.1	51.09	36.92	31.61	37.97
Gross Profit	27.8	23.07	19.57	16.03	17.78
Selling, General & Admin	28.46	23.64	20.28	19.34	20.32
Research & Development	4.97	4.78	4.4	3.98	3.82
Operating Expenses	33.43	28.41	24.68	23.32	24.14
Operating Income	-5.62	-5.35	-5.11	-7.3	-6.36
Interest Expense / Income	0.46	0.09	0.02	0.02	0.01
Other Expense / Income	-10.34	-13.63	-12.87	-8.65	-12.43
Pretax Income	4.26	8.2	7.74	1.34	6.05
Income Tax	1.35	1.87	1.46	2.67	0.84
Net Income	2.91	6.32	6.28	-1.34	5.21
Net Income Growth	-53.95%	0.69%	-	-	-22.26%
Shares Outstanding (Basic)	9	9	9	9	9
Shares Outstanding (Diluted)	10	10	10	9	9
Shares Change	0.61%	-2.42%	8.54%	-3.39%	0.49%
EPS (Basic)	0.31	0.69	0.69	-0.15	0.57
EPS (Diluted)	0.30	0.66	0.64	-0.15	0.55
EPS Growth	-54.55%	3.13%	-	-	-23.61%
Free Cash Flow	2.31	-0.35	-2.64	4.2	4.52
Free Cash Flow Per Share	0.25	-0.04	-0.29	0.46	0.50
Dividend Per Share	0.280	0.280	0.195	0.130	0.290
Dividend Growth	0%	43.59%	50.00%	-55.17%	45.00%
Gross Margin	34.80%	31.11%	34.65%	33.65%	31.89%
Operating Margin	-7.04%	-7.21%	-9.04%	-15.31%	-11.41%
Profit Margin	3.64%	8.53%	11.12%	-2.81%	9.34%
Free Cash Flow Margin	2.89%	-0.47%	-4.67%	8.82%	8.10%
Effective Tax Rate	31.67%	22.86%	18.88%	200.06%	13.91%
EBITDA	6.35	9.86	8.87	2.42	7.17
EBITDA Margin	7.95%	13.29%	15.70%	5.08%	12.86%
Depreciation & Amortization	1.63	1.57	1.11	1.07	1.1
EBIT	4.72	8.29	7.76	1.35	6.07
EBIT Margin	5.91%	11.18%	13.73%	2.84%	10.88%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).