Recap: Northern Technologies Q3 Earnings

Shares of Northern Technologies NTIC rose 0.7% after the company reported Q3 results.

Quarterly Results

Earnings per share fell 168.75% year over year to ($0.11), which missed the estimate of ($0.06).

Revenue of $9,745,000 decreased by 34.57% year over year, which missed the estimate of $10,300,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Northern Technologies hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 08, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/aveiowww

Technicals

52-week high: $14.88

52-week low: $4.70

Price action over last quarter: down 2.41%

Company Profile

Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services worldwide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST and Nature-Tec. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Natur-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.