📊 NNUP Key Takeaways
Is NNUP a Good Investment? Thesis Analysis
NoCopi Technologies demonstrates exceptional revenue growth of 146.9% YoY and maintains a strong cash position ($11.6M) with exceptional liquidity ratios, but faces significant operational challenges with a -40.3% operating margin and negative net income despite improved loss reduction. The company's strong free cash flow ($713.9K) and minimal debt provide financial flexibility, though sustained profitability remains unproven and path to break-even is unclear.
Why Buy NNUP? Key Strengths
- Revenue growth of 146.9% YoY demonstrates strong market demand and successful execution of sales strategy
- Exceptional cash position of $11.6M with minimal liabilities ($281.6K) provides substantial financial cushion and runway
- Outstanding liquidity metrics (45.02x current ratio, 43.45x quick ratio) indicate ability to meet obligations easily
- Positive free cash flow of $713.9K despite operating losses shows core operations are generating cash
- Strong gross margin of 54.5% indicates healthy unit economics and pricing power
- Net loss improvement of 94.2% YoY suggests operational efficiency gains and path toward profitability
NNUP Investment Risks to Consider
- Significant operating losses of -$601.4K with -40.3% operating margin indicate unsustainable cost structure relative to revenue
- Negative net income of -$154.9K and negative ROE/ROA of -1.1% show company is destroying shareholder value
- Operating cash flow may not sustain if losses continue; cash burn from operations could deplete reserves despite current surplus
- Company in early growth phase with unproven ability to achieve profitability at scale
- Small-cap OTC status with limited liquidity and regulatory scrutiny typical of emerging companies
- Interest coverage ratio of -25.0x reflects inability to service debt from operations, limiting financing options
Key Metrics to Watch
- Path to operating profitability - watch for quarterly progression toward positive operating income
- Operating margin expansion - critical to demonstrate cost discipline as revenue scales
- Cash burn rate and runway - monitor quarterly cash flow trends to ensure no depletion of reserves
- Gross margin stability - maintain 50%+ gross margin as company scales production
- Revenue sustainability - confirm 146% growth is repeatable or identify normalized growth rate
NNUP Financial Metrics
💡 AI Analyst Insight
The 47.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 45.02x current ratio provides a solid financial cushion.
NNUP Profitability Ratios
NNUP vs Default Sector
How NOCOPI TECHNOLOGIES INC/MD/ compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is NNUP Overvalued or Undervalued?
Based on fundamental analysis, NOCOPI TECHNOLOGIES INC/MD/ has mixed fundamental signals relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
NNUP Balance Sheet & Liquidity
NNUP 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: NOCOPI TECHNOLOGIES INC/MD/'s revenue has declined by 25% over the 5-year period, indicating business contraction. The most recent EPS of $-0.25 indicates the company is currently unprofitable.
NNUP Growth Metrics (YoY)
NNUP Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $110.2K | $25.5K | $0.00 |
| Q2 2025 | $89.0K | $25.5K | $0.00 |
| Q1 2025 | $86.5K | $25.5K | $0.00 |
| Q3 2024 | $136.9K | -$251.1K | $-0.02 |
| Q2 2024 | $89.0K | $79.1K | $0.01 |
| Q1 2024 | $86.5K | $30.3K | $0.00 |
| Q3 2023 | $136.9K | $30.3K | $0.03 |
| Q2 2023 | $150.2K | $30.3K | $0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
NNUP Capital Allocation
NNUP SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for NOCOPI TECHNOLOGIES INC/MD/ (CIK: 0000888981)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NNUP
What is the AI rating for NNUP?
NOCOPI TECHNOLOGIES INC/MD/ (NNUP) has an AI rating of HOLD with 45% confidence, based on fundamental analysis of SEC EDGAR filings.
What are NNUP's key strengths?
Claude: Revenue growth of 146.9% YoY demonstrates strong market demand and successful execution of sales strategy. Exceptional cash position of $11.6M with minimal liabilities ($281.6K) provides substantial financial cushion and runway.
What are the risks of investing in NNUP?
Claude: Significant operating losses of -$601.4K with -40.3% operating margin indicate unsustainable cost structure relative to revenue. Negative net income of -$154.9K and negative ROE/ROA of -1.1% show company is destroying shareholder value.
What is NNUP's revenue and growth?
NOCOPI TECHNOLOGIES INC/MD/ reported revenue of $1.5M.
Does NNUP pay dividends?
NOCOPI TECHNOLOGIES INC/MD/ does not currently pay dividends.
Where can I find NNUP SEC filings?
Official SEC filings for NOCOPI TECHNOLOGIES INC/MD/ (CIK: 0000888981) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NNUP's EPS?
NOCOPI TECHNOLOGIES INC/MD/ has a diluted EPS of $-0.01.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is NNUP a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, NOCOPI TECHNOLOGIES INC/MD/ has a HOLD rating with 45% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is NNUP stock overvalued or undervalued?
Valuation metrics for NNUP: ROE of -1.1% (sector avg: 15%), net margin of -10.4% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy NNUP stock in 2026?
Our dual AI analysis gives NOCOPI TECHNOLOGIES INC/MD/ a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NNUP's free cash flow?
NOCOPI TECHNOLOGIES INC/MD/'s operating cash flow is $713.9K, with capital expenditures of $0.0. FCF margin is 47.8%.
How does NNUP compare to other Default stocks?
Vs Default sector averages: Net margin -10.4% (avg: 12%), ROE -1.1% (avg: 15%), current ratio 45.02 (avg: 1.8).