Benzinga | Jul 8, 2021 09:03AM EDT

Recap: Northern Technologies Q3 Earnings



Shares of Northern Technologies (NASDAQ:NTIC) moved higher by 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 290.91% over the past year to $0.21, which beat the estimate of $0.13.

Revenue of $15,419,000 rose by 58.22% year over year, which beat the estimate of $14,100,000.

Outlook

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

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

How To Listen To The Conference Call

Date: Jul 08, 2021

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/wzg6yewv

Technicals

52-week high: $18.00

Company's 52-week low was at $6.50

Price action over last quarter: Up 16.50%

Company Description

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.