Northern Technologies International Corporation

Northern Technologies International Corporation is in the business of converting unique environmentally beneficial material science into value added products and services for industrial and consumer applications. Our business model of commercializing clean and green technologies in niche markets depends heavily on the talents, perseverance and integrity of both our employees and our worldwide federation of joint venture partners. Northern Technologies International Corporation was founded in 1970 in Lino Lakes, Minnesota with its primary business in oil analyzer instruments (then known as Northern Instruments, Inc.). In 1993, Northern Instruments changed its corporate name by merging into a wholly owned subsidiary, Northern Technologies International Corporation. The company has since grown out of the oil analyzer instrument business and into a global provider of corrosion inhibiting products and corrosion control management services with sales and technical support reach in more than 50 countries. Our system conforms to the ISO 9001:2000 Standard and ISO 14001: Environmental Management Standards. Consistent with our desire to expand our offering of environmentally beneficial clean technologies to the public, we have recently, for example, developed patented biodegradable plastics and renewable resource engineering plastics to further reduce any negative impact on the environment. We believe that our responsibilities are first to our worldwide customers, then to our people, next to our communities and finally to our shareholders. Therefore, we must: 1. Exercise honor, humanity and disciplined management in our actions. 2. See a unified world through the global perspectives of our people. 3. Ensure that the environment becomes a better place because of what we do. 4. Invest continuously in our future. 
Company Growth (employees)
Type
Public
HQ
Circle Pines, US
Founded
1970
Size (employees)
75 (est)
Website
ntic.com
Northern Technologies International Corporation was founded in 1970 and is headquartered in Circle Pines, US

Northern Technologies International Corporation Office Locations

Northern Technologies International Corporation has offices in Circle Pines and Beachwood
Circle Pines, US (HQ)
4201 Woodland Rd P.O. Box 69
Beachwood, US
23900 Mercantile Rd

Northern Technologies International Corporation Data and Metrics

Northern Technologies International Corporation Financial Metrics

Northern Technologies International Corporation's revenue was reported to be $10.2 m in Q3, 2017
USD

Revenue (Q3, 2017)

10.2 m

Gross profit (Q3, 2017)

3.4 m

Gross profit margin (Q3, 2017), %

34%

Net income (Q3, 2017)

2.4 m

EBIT (Q3, 2017)

1.7 m

Market capitalization (18-Aug-2017)

82.9 m

Cash (31-May-2017)

3.5 m
Northern Technologies International Corporation's current market capitalization is $82.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

22.5 m26.8 m30.3 m32.9 m

Revenue growth, %

19%13%9%

Cost of goods sold

15.5 m17.8 m20.6 m22.3 m

Gross profit

7 m9 m9.8 m10.6 m

Gross profit Margin, %

31%34%32%32%

Sales and marketing expense

6.3 m

R&D expense

4.7 m

General and administrative expense

7.2 m

Operating expense total

14.7 m16.4 m18.3 m19.2 m

EBIT

5 m6.7 m3.2 m1.3 m

EBIT margin, %

22%25%10%4%

Interest expense

52.2 k47.3 k21 k(13.3 k)

Interest income

34.6 k11.6 k34.8 k42.1 k

Pre tax profit

5.6 m6.7 m3.2 m(572.2 k)

Income tax expense

864 k1.1 m648.7 k626.1 k

Net Income

4.8 m5.5 m2.5 m(1.2 m)
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Revenue

7.2 m6.7 m8.3 m7 m7.7 m8.7 m9.7 m8.7 m10.2 m

Cost of goods sold

4.8 m4.7 m5.6 m4.9 m5.3 m5.8 m6.6 m5.9 m6.8 m

Gross profit

2.4 m2.1 m2.7 m2.1 m2.4 m2.9 m3.1 m2.9 m3.4 m

Gross profit Margin, %

33%31%32%31%32%33%32%33%34%

Sales and marketing expense

1.4 m1.3 m1.4 m1.5 m1.5 m1.5 m2 m2.2 m2.4 m

R&D expense

1 m854.3 k1.1 m1 m1.1 m1.2 m642.5 k742 k733.7 k

General and administrative expense

1.5 m1.6 m1.7 m1.9 m1.5 m1.7 m2.5 m1.8 m1.7 m

Operating expense total

4 m3.7 m4.2 m4.4 m4.1 m4.4 m5.2 m4.8 m4.8 m

EBIT

1.6 m137.8 k1.2 m(85.6 k)(35.1 k)1.2 m525.5 k608.8 k1.7 m

EBIT margin, %

23%2%14%(1%)(0%)14%5%7%17%

Interest expense

(5 k)(3.2 k)(6 k)(4.7 k)(10.8 k)(15.5 k)(4.6 k)(3.5 k)(7.4 k)

Interest income

15.1 k2.4 k7.9 k14.2 k14.4 k29.9 k3.6 k4.5 k11 k

Pre tax profit

1.6 m139.1 k1.2 m(76.1 k)(30.5 k)1.2 m1.7 m

Income tax expense

183.7 k197.6 k114.2 k(3.5 k)40.5 k225.4 k117.7 k124.9 k237.8 k

Net Income

1.5 m1.4 m2.5 m(72.6 k)(143.7 k)880.3 k406.7 k891.7 k2.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

4.3 m2.5 m2.6 m3.4 m

Inventories

5.1 m6 m7.5 m7.7 m

Current Assets

16.9 m22.3 m19.3 m20.9 m

PP&E

5.3 m6.5 m7.3 m

Total Assets

49.1 m54.1 m51.6 m51.1 m

Accounts Payable

1.8 m2.2 m2.1 m2.8 m

Current Liabilities

3.7 m4.5 m3.7 m4 m

Additional Paid-in Capital

11.7 m12.7 m13.4 m13.8 m

Retained Earnings

28.6 m32.7 m34.5 m33.7 m

Total Equity

44.5 m49.6 m47.9 m47.1 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x
USDQ3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Cash

3.8 m3.1 m2.5 m4.6 m2.5 m3 m3.5 m

Inventories

6.7 m7.6 m7.3 m7.4 m7.4 m8.1 m7.9 m

Current Assets

20.8 m18.3 m20.2 m22.3 m20 m20.3 m24.6 m

PP&E

7.1 m7.4 m7.3 m7.3 m7.2 m7.5 m7.5 m

Total Assets

51.9 m50.6 m50 m52.8 m50.2 m51.8 m54 m

Accounts Payable

2.1 m2.3 m1.9 m2.8 m3 m3.6 m3.6 m

Current Liabilities

3.5 m3.5 m2.7 m4 m4.1 m5 m4.8 m

Additional Paid-in Capital

13.2 m13.6 m13.6 m13.7 m13.9 m13.9 m14 m

Retained Earnings

34.5 m34.3 m34.2 m35.1 m34 m34.3 m35.7 m

Total Equity

48.3 m47.1 m47.3 m48.8 m46.1 m46.8 m49.2 m

Financial Leverage

1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x1.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.8 m5.5 m2.5 m(1.2 m)

Depreciation and Amortization

435.7 k454.9 k530.4 k660 k

Inventories

(1 m)(825.2 k)(1.7 m)(257.8 k)

Accounts Payable

78.6 k365.8 k127.9 k641.6 k

Cash From Operating Activities

(1.2 m)(8.4 k)(755.5 k)2.1 m

Purchases of PP&E

(1.5 m)(1.6 m)(1.4 m)(643.4 k)

Cash From Investing Activities

3 m(26.1 k)1.9 m(995.2 k)

Cash From Financing Activities

(1.6 m)(1.8 m)(874.7 k)(270.2 k)

Income Taxes Paid

(98.4 k)150.8 k(258.3 k)(40.9 k)
USDQ1, 2014Q2, 2015Q3, 2015Q1, 2015Q2, 2016Q3, 2016Q1, 2016Q2, 2017Q3, 2017

Net Income

1.5 m1.4 m2.5 m(72.6 k)(143.7 k)880.3 k406.7 k891.7 k2.4 m

Depreciation and Amortization

117.7 k245.4 k385.1 k159 k321.4 k482.6 k193.9 k385.6 k581 k

Inventories

276.3 k(102.4 k)(887.7 k)(180.2 k)111.1 k17.2 k274.4 k(349.6 k)(155 k)

Accounts Payable

(18.1 k)(558 k)82.6 k258.8 k(174.6 k)692.7 k378.4 k915.5 k816.8 k

Cash From Operating Activities

(469.8 k)392 k36.2 k(750.2 k)1.2 m3.1 m(924.4 k)(823.4 k)2.8 m

Purchases of PP&E

(470.7 k)(897.6 k)(1.1 m)(264.2 k)(346.9 k)(490.5 k)(112.6 k)(599.1 k)(760.8 k)

Cash From Investing Activities

1.1 m990.5 k1.8 m1.2 m(1.1 m)(794.7 k)327.1 k810.6 k(2.4 m)

Cash From Financing Activities

(437.9 k)(437.9 k)(402.6 k)(12.7 k)(235.6 k)(228.8 k)(238.8 k)(315.2 k)(308.7 k)

Income Taxes Paid

(154.9 k)(300.7 k)(217.1 k)(133.7 k)(355.2 k)(314 k)84.9 k(16.5 k)(154.2 k)
USDY, 2017

Revenue/Employee

136.3 k

Financial Leverage

1.1 x

Northern Technologies International Corporation Market Value History

Traffic Overview of Northern Technologies International Corporation

Northern Technologies International Corporation Company Life and Culture

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