For the quarter ending 2026-02-28, NTIC had -$780,773 decrease in cash & cash equivalents over the period. -$2,388,078 in free cash flow.
| Cash Flow | 2026-02-28 | 2025-08-31 |
|---|---|---|
| Net income | 682,080 | 986,393 |
| Stock-based compensation expense | 614,514 | 1,360,086 |
| Depreciation expense | 498,808 | 979,981 |
| Amortization expense | 465,772 | 777,289 |
| Loss on disposal of assets | 0 | -77,984 |
| Change in allowance for credit losses | 51,518 | -75,000 |
| Equity in income from joint ventures | 2,322,786 | 3,539,056 |
| Dividends received from joint ventures | 1,402,525 | 1,566,947 |
| Deferred income taxes | -95,197 | -50,984 |
| Trade | 80,655 | -941,732 |
| Fees for services provided to joint ventures | -180,376 | -157,463 |
| Dividends receivable from joint venture | - | 0 |
| Income taxes | 373,221 | 418 |
| Inventories | 930,544 | 1,277,772 |
| Prepaid expenses and other | 900,046 | 300,058 |
| Accounts payable | 228,744 | 1,472,793 |
| Income tax payable | -420,163 | 109,712 |
| Accrued liabilities | -573,899 | -846,105 |
| Net cash provided by operating activities | -1,381,780 | 2,442,955 |
| Proceeds from the sale of property and equipment | 0 | 20,000 |
| Purchases of property and equipment | 1,006,298 | 1,526,437 |
| Investments in patents and capitalized software costs | 37,369 | 2,423,886 |
| Proceeds from issuance of long-term debt | - | 538,090 |
| Net cash used in investing activities | -1,043,667 | -3,930,323 |
| Proceeds from line of credit | 14,449,157 | 31,987,921 |
| Repayments of line of credit | 12,495,887 | 26,950,508 |
| Payments on term loans | 23,952 | - |
| Dividends paid on ntic common stock | 189,728 | 1,515,361 |
| Dividends received by non-controlling interest | 220,000 | 280,000 |
| Proceeds from employee stock purchase plan | 34,931 | 81,496 |
| Proceeds from exercise of stock options | - | 0 |
| Net cash used in financing activities | 1,554,521 | 3,861,638 |
| Effect of exchange rate changes on cash and cash equivalents | 90,153 | -75,931 |
| Net (decrease) increase in cash and cash equivalents | -780,773 | 2,298,339 |
| Cash and cash equivalents at beginning of period | 7,250,523 | 4,952,184 |
| Cash and cash equivalents at end of period | 6,469,750 | 7,250,523 |
NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)