The results show underlying operational improvement (revenue growth, margin expansion, swing to operating profit), but the GAAP net loss is misleading due to the prior-year ERC. Traders should focus on the non-GAAP adjusted net income, which shows a clear positive trend. The stock may react positively to the revenue beat and improved profitability, but the comparison is complicated by the prior-year credit.
Price Chart
Executive Summary
NTIC reported second quarter fiscal 2026 revenue of $21.997M, a 15.3% YoY increase, but a net loss of $35K compared to net income of $434K in the same quarter last year. The prior-year quarter included a $1.14M Employee Retention Credit (ERC) payment, which skewed comparisons. On a non-GAAP adjusted basis, the company earned $70K ($0.01/share), reversing a $300K loss in the year-ago period.
Key Financial Metrics
Key Facts
- Revenue increased 15.3% YoY to $21.997M, driven by strong growth in ZERUST oil & gas (72.1%) and NTIC China (18.5%)
- GAAP net loss was $35K vs. net income of $434K in the year-ago quarter, primarily due to the absence of a $1.14M ERC payment received in the prior year
- Non-GAAP adjusted net income was $70K ($0.01/share), compared to a $300K adjusted net loss in the year-ago quarter
- Gross margin improved slightly to 35.7% from 35.5% in the prior year quarter
- Operating income improved to $383K from an operating loss of $(333K) in the year-ago quarter
Financial Impact
Revenue increased $2.9M YoY; Non-GAAP adjusted net income improved by $370K YoY
Risk Factors
- The prior-year quarter included a large, non-recurring $1.14M ERC payment, making GAAP comparisons misleading
- The company faces macroeconomic uncertainty, including geopolitical tensions and supply chain pressures
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-002339 |
| Document: f8k_040726.htm | 0001171843-26-002339 |
| Document: 0001171843-26-002339-index-headers.html | 0001171843-26-002339 |
| Document: 0001171843-26-002339-index.html | 0001171843-26-002339 |
| Document: 0001171843-26-002339.txt | 0001171843-26-002339 |
| 8-K Data (Synthetic) | 0001171843-26-002339 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 8, 2026 6w ago | 8-K | $7.59 $7.96 | ▲ +4.87% | ▲ +5.21% | $7.62 (+0.40%) |
Jul 9, 2026 15w ago | 8-K | $8.26 $8.13 | ▲ +1.57% | ▲ +1.44% | $7.62 (+7.75%) |
Jul 9, 2026 15w ago | Press Release | $8.26 $8.13 | ▲ +1.57% | ▲ +1.44% | $7.62 (+7.75%) |
Jul 2, 2026 16w ago | Press Release | $8.63 | awaiting T+5 | — | $7.62 (−11.70%) |
Apr 24, 2026 26w ago | 8-K | $8.03 $7.90 | ▲ +1.62% | ▲ +2.02% | $7.62 (+5.11%) |
Apr 9, 2026 28w ago | 8-K | $8.01 $8.21 | ▲ +2.50% | ▼ −0.69% | $7.62 (−4.87%) |
Apr 9, 2026 28w ago | Press Release | $8.01 $8.21 | ▲ +2.50% | ▼ −0.69% | $7.62 (−4.87%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers