ntic: the income statement

MyFinsight

NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)

For the quarter ending 2025-05-31, NTIC made $21,508,563 in revenue. $121,775 in net income. Net profit margin of 0.57%.

Unit: Dollar

	2025-05-31	2025-02-28	2024-11-30
Net sales	21,508,563	19,072,066	21,338,393
Cost of goods sold	13,249,123	12,276,482	13,175,440
Gross profit	8,259,440	6,795,584	8,162,953
Equity in income from joint ventures	970,314	620,730	1,129,593
Fees for services provided to joint ventures	1,302,598	1,070,263	1,284,119
Total joint venture operations	2,272,912	1,690,993	2,413,712
Selling expenses	4,375,956	3,872,028	4,267,654
Research and development expenses	1,138,243	1,288,899	1,343,397
General and administrative expenses	4,150,966	3,658,583	3,858,943
Total operating expenses	9,665,165	8,819,510	9,469,994
Operating income	867,187	-332,933	1,106,671
Interest income	37,821	210,156	25,567
Interest expense	162,096	-	-
Other income	-	1,139,756	-
Interest expense	-	139,155	120,220
Income before income tax expense	742,912	877,824	1,012,018
Income tax expense	410,461	275,197	217,871
Net income	332,451	602,627	794,147
Net income attributable to non-controlling interests	210,676	168,308	233,056
Net income attributable to ntic	121,775	434,319	561,091

Basic (in dollars per share)	0.01	0.05	0.06
Diluted (in dollars per share)	0.01	0.04	0.06
Basic (in shares)	9,474,363	9,470,507	9,470,507
Diluted (in shares)	9,539,766	9,753,437	9,754,209

Unit: Dollar