Nocopi Technologies, Inc. (NNUP)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Nocopi Technologies, Inc. (NNUP) trades at $1.65 with AI Score 48/100 (Grade C). Nocopi Technologies, Inc. specializes in developing and marketing specialty reactive inks for educational and toy markets, along with anti-counterfeiting technologies. Market cap: $18.32M, Sector: Basic materials.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for NNUP: NNUP does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NNUP against Basic Materials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NNUP: the 1 perspectives are evenly split.
How is this calculated? →Nocopi Technologies, Inc. (NNUP) Materials & Commodity Exposure
Nocopi Technologies, Inc., founded in 1983, develops and markets specialty reactive inks and anti-counterfeiting technologies. Operating globally, it serves the educational, toy, and document authentication markets. With a negative P/E ratio and a small market capitalization, the company focuses on licensing its patented reactive ink technologies.
What Is the Investment Thesis for NNUP?
Nocopi Technologies, Inc. presents a speculative investment opportunity within the specialty chemicals sector. The company's gross margin of 53.2% indicates potential profitability if revenue can be scaled. However, the negative P/E ratio of -36.86 and negative profit margin of -25.0% highlight current financial challenges. Growth catalysts include expanding licensing agreements for its patented reactive ink technologies and penetrating new geographic markets. Key risks include the company's small market capitalization of $18.32M and its listing on the OTC market, which introduces liquidity and regulatory concerns. Investors should closely monitor revenue growth, cost management, and the success of licensing initiatives.
Based on FMP financials and quantitative analysis
NNUP Key Highlights
- Market Cap of $18.32M indicates a micro-cap company with high growth potential but also higher risk.
- Gross Margin of 53.2% suggests strong pricing power and efficient cost management in its specialty ink production.
- Negative P/E Ratio of -36.86 reflects current unprofitability, requiring careful monitoring of future earnings.
- Profit Margin of -25.0% indicates the company is currently operating at a loss, emphasizing the need for improved operational efficiency.
- Beta of -0.08 suggests the stock is less volatile than the market, but this may also reflect limited trading activity.
Who Are NNUP's Competitors?
NNUP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CANOF California Nanotechnologies Corp. | $0.27 | +9.44% | $12.63M | 52 |
| CHHYF Charbone Hydrogen Corporation | $0.08 | -0.37% | $20.17M | 46 |
| GDPHF Godolphin Resources Limited | $0.01 | +0.00% | $6.26M | 50 |
| GMVMF GMV Minerals Inc. | $0.09 | +3.81% | $7.87M | 44 |
| HGRAF HydroGraph Clean Power Inc. | $3.43 | -3.11% | $1.20B | 69 |
| LWLG Lightwave Logic, Inc. | $7.46 | +1.29% | $1.15B | 69 |
| COOSF Carbios SAS | $6.50 | -9.09% | $109.66M | 69 |
| NVZMY Novozymes A/S | $63.45 | -2.53% | $29.58B | 62 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NNUP's Key Strengths?
- Patented reactive ink technologies.
- Specialized expertise in anti-counterfeiting solutions.
- Established presence in niche markets.
- Global operations across multiple continents.
What Are NNUP's Weaknesses?
- Small market capitalization.
- Negative profitability.
- Limited financial resources.
- Dependence on licensing agreements.
What Could Drive NNUP Stock Higher?
- Potential new licensing agreements for patented reactive ink technologies.
- Expansion into new geographic markets in Asia and South America.
- Development of new applications for reactive ink technologies.
- Strategic partnerships with major players in the toy and education industries.
- Enhancement of anti-counterfeiting technologies to address product piracy.
What Are the Key Risks for NNUP?
- Negative return on equity (-1.8%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Small market capitalization and limited financial resources.
- Negative profitability and dependence on licensing agreements.
- Competition from larger companies with greater resources.
- Technological obsolescence of reactive ink technologies.
- Economic downturns affecting consumer spending on educational and toy products.
What Are the Growth Opportunities for NNUP?
- Expansion of Licensing Agreements: Nocopi can grow by expanding its licensing agreements for patented reactive ink technologies in the entertainment and toy markets. The global toy market is projected to reach $140 billion by 2028, providing a substantial opportunity for Nocopi to increase its royalty revenues. Timeline: Ongoing.
- Penetration of New Geographic Markets: Nocopi has the opportunity to expand its presence in emerging markets in Asia and South America. These regions are experiencing rapid growth in the education and consumer goods sectors, creating demand for specialty inks and anti-counterfeiting solutions. Timeline: Ongoing.
- Development of New Ink Applications: Nocopi can invest in research and development to create new applications for its reactive ink technologies beyond the educational and toy markets. This could include applications in the packaging, security, and healthcare industries, expanding its addressable market. Timeline: Ongoing.
- Strategic Partnerships: Forming strategic partnerships with major players in the toy, education, and security industries can provide Nocopi with access to new distribution channels and markets. These partnerships can also help Nocopi leverage the resources and expertise of larger companies. Timeline: Ongoing.
- Enhancement of Anti-Counterfeiting Technologies: Nocopi can further develop its anti-counterfeiting technologies to address the growing problem of product piracy and counterfeiting. The global anti-counterfeiting packaging market is expected to reach $80 billion by 2027, presenting a significant opportunity for Nocopi. Timeline: Ongoing.
What Opportunities Does NNUP Have?
- Expansion of licensing agreements.
- Penetration of new geographic markets.
- Development of new ink applications.
- Strategic partnerships with industry players.
What Threats Does NNUP Face?
- Competition from larger companies.
- Technological obsolescence.
- Economic downturns affecting consumer spending.
- Counterfeiting of its own technologies.
What Are NNUP's Competitive Advantages?
- Patented reactive ink technologies provide a competitive advantage.
- Specialized expertise in reactive ink development and applications.
- Established presence in the educational and toy markets.
- Proprietary anti-counterfeiting technologies.
What Does NNUP Do?
Founded in 1983 and headquartered in King of Prussia, Pennsylvania, Nocopi Technologies, Inc. develops and markets specialty reactive inks and anti-counterfeiting technologies. The company's primary focus is on providing innovative solutions for the educational and toy product markets, as well as document and product authentication. Nocopi’s specialty inks are used in a variety of applications, including coloring books, activity kits, play sheets, single-use placemats, greeting cards, board games, and promotional products. These inks are designed to provide unique interactive experiences for children and enhance the appeal of educational materials. In addition to its ink offerings, Nocopi Technologies provides anti-counterfeiting and anti-diversion technologies aimed at authenticating documents with intrinsic value, such as merchandise receipts, checks, traveler's checks, gift certificates, and event tickets. The company also offers product labeling and packaging services to help businesses protect their brands and prevent counterfeiting. Nocopi licenses its patented reactive ink technologies to companies in the entertainment, toy, document authentication, and product authentication markets. The company operates in North America, South America, Asia, and Australia, serving a global customer base.
What Products and Services Does NNUP Offer?
- Develops specialty reactive inks for educational and toy products.
- Markets anti-counterfeiting technologies for document and product authentication.
- Offers specialty inks for coloring books, activity kits, and play sheets.
- Provides solutions for authenticating documents like receipts, checks, and tickets.
- Licenses patented reactive ink technologies to other companies.
- Offers product labeling and packaging services.
How Does NNUP Make Money?
- Develops and sells specialty reactive inks.
- Licenses patented ink technologies to other companies for royalty income.
- Provides anti-counterfeiting and anti-diversion technologies and products.
- Offers product labeling and packaging services.
What Industry Does NNUP Operate In?
Nocopi Technologies operates within the specialty chemicals industry, which focuses on producing chemicals for specific applications. The industry is characterized by innovation, customization, and niche markets. Nocopi's focus on reactive inks and anti-counterfeiting technologies positions it within a segment that addresses the growing need for product authentication and unique consumer experiences. The competitive landscape includes companies offering similar specialty inks and authentication solutions. Market trends include increasing demand for anti-counterfeiting measures and innovative materials in the educational and toy sectors.
Who Are NNUP's Key Customers?
- Educational product manufacturers.
- Toy companies.
- Companies requiring document authentication.
- Businesses needing product labeling and packaging services.
How Nocopi Technologies, Inc. Is Valued
Nocopi Technologies, Inc. carries a market capitalization of $18.32M, placing it in the micro-cap category. Relative to its peer group, NNUP's quantitative score of 48/100 is roughly in line with the peer average of 52/100.
Company Profile
Nocopi Technologies, Inc. operates in the Chemicals - Specialty industry within the Basic Materials sector. It is headquartered in King of Prussia, US. The company is led by CEO Matthew C. Winger. NNUP has traded publicly since 1994.
ROE -2%Key Financial Metrics
Return on equity for Nocopi Technologies, Inc. stands at -1.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -1.7%, showing how much profit it generates from its asset base. Its free cash flow yield is 1.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 48.66 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -1.3%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 3/9Financial Health
Nocopi Technologies, Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 27.78 places it in the safe zone, indicating low near-term bankruptcy risk.
NNUP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future prospects, indicating that leadership sees potential for growth.
- Social sentiment has shifted positively, with increased discussions around Nocopi's innovative solutions in the anti-counterfeiting space.
- The company's recent partnerships with educational institutions have sparked interest, creating a buzz around its product applications.
- Market perception is improving as more investors recognize the importance of Nocopi's technology in the current digital landscape.
Bear Case
- Concerns about the company's ability to scale its operations have surfaced, with some investors questioning its long-term viability.
- Negative sentiment from a segment of the community highlights skepticism regarding Nocopi's competitive position in a rapidly evolving market.
- Recent press coverage has included critical views on the company's financial sustainability, raising red flags for some traders.
- The overall market environment remains volatile, which could impact investor confidence in smaller, niche players like Nocopi.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NNUP Latest News
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Nocopi Technologies Expands Operations with Acquisition of Polymeric and Appointment of Industry Executive
globenewswire.com · May 21, 2026
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Stocks That Hit 52-Week Lows On Tuesday
· Mar 24, 2020
NNUP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NNUP.
Price Targets
Wall Street price target analysis for NNUP.
NNUP MoonshotScore
What does this score mean?
The MoonshotScore rates NNUP's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Matthew C. Winger
CEO
Matthew C. Winger serves as the CEO of Nocopi Technologies, Inc., leading a team of 7 employees. Information regarding his detailed background and career history is not available in the provided data. Further research would be needed to provide a comprehensive overview of his professional experience and educational credentials.
Track Record: Due to the limited information available, a detailed track record of Matthew C. Winger's achievements and strategic decisions at Nocopi Technologies, Inc. cannot be provided. His tenure and specific contributions to company milestones require further investigation.
NNUP OTC Market Information
The OTC Other tier, where Nocopi Technologies trades, represents the lowest tier of the OTC market. Companies in this tier often have limited or no financial disclosure, and may not meet minimum listing requirements. This tier is distinct from the higher OTCQX and OTCQB tiers, which require companies to meet certain financial standards and undergo regular reporting, similar to requirements of exchanges like NYSE or NASDAQ. Investing in OTC Other stocks carries significantly higher risk due to the lack of transparency and regulation.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases the risk of investing in NNUP.
- Low liquidity can lead to difficulty in buying or selling shares.
- Potential for price manipulation due to low trading volume.
- Higher risk of fraud or mismanagement compared to exchange-listed companies.
- Lack of regulatory oversight increases investment risk.
- Verify the company's registration and legal standing.
- Review any available financial statements, even if limited.
- Assess the company's business model and competitive landscape.
- Research the background and experience of the company's management team.
- Understand the risks associated with investing in OTC Other stocks.
- Consult with a financial advisor before investing.
- Monitor trading volume and price volatility.
- The company has been in business since 1983, indicating some level of operational history.
- Nocopi Technologies holds patents for its reactive ink technologies.
- The company operates globally, suggesting a broader market reach.
- The company has a gross margin of 53.2%, suggesting potential for profitability if revenue increases.
- The company has a functional website and investor relations contact.
Nocopi Technologies, Inc. Basic Materials Stock: Key Questions Answered
What does Nocopi Technologies, Inc. do?
Nocopi Technologies, Inc. develops and markets specialty reactive inks and anti-counterfeiting technologies. Its core business revolves around creating and licensing patented reactive ink technologies for use in educational and toy products, such as coloring books and activity kits. Additionally, the company provides anti-counterfeiting solutions for documents and products, aiming to protect against fraud and piracy. Nocopi operates globally, serving customers in North America, South America, Asia, and Australia. The company generates revenue through direct sales of its inks and licensing agreements.
What are the main risks for NNUP?
Nocopi Technologies faces several key risks. As an OTC-listed company with a small market cap, NNUP is subject to liquidity risk and potential price volatility. The company's negative profitability and reliance on licensing agreements create financial vulnerability. Competition from larger companies with greater resources poses a threat. Furthermore, technological advancements could render its reactive ink technologies obsolete. Economic downturns could reduce consumer spending on educational and toy products, impacting revenue. Investors should carefully consider these factors before investing.
What are the key factors to evaluate for NNUP?
Nocopi Technologies, Inc. (NNUP) holds an AI score of 48/100 (low). Not financial advice.
How frequently does NNUP data refresh on this page?
NNUP prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NNUP's recent stock price performance?
Nocopi Technologies, Inc. (NNUP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Patented reactive ink technologies. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NNUP overvalued or undervalued right now?
Valuing Nocopi Technologies, Inc. (NNUP) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NNUP?
Before investing in Nocopi Technologies, Inc. (NNUP), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding NNUP to a portfolio?
Key strength of Nocopi Technologies, Inc. (NNUP): Patented reactive ink technologies. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available on CEO background and track record.
- OTC market data may be less reliable than exchange-listed data.