Northern Historical Income Statement

NTIC Stock

USD 13.54 0.21 1.58%

Historical analysis of Northern Technologies income statement accounts such as Gross Profit of 35.5 M can show how well Northern Technologies performed in making a profits. Evaluating Northern Technologies income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Northern Technologies's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Northern Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Northern Technologies is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.

About Northern Income Statement Analysis

Northern Technologies Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Northern Technologies shareholders. The income statement also shows Northern investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Northern Technologies Income Statement Chart

At present, Northern Technologies' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 89.3 M, whereas Total Other Income Expense Net is projected to grow to (210.2 K).

Total Revenue Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts Northern Technologies generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Northern Technologies. It is also known as Northern Technologies overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Northern Technologies operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Northern Technologies is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Northern Technologies' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Northern Technologies current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.At present, Northern Technologies' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 89.3 M, whereas Total Other Income Expense Net is projected to grow to (210.2 K).

	2021	2022	2023	2024 (projected)
Gross Profit	23.1M	27.8M	33.8M	35.5M
Total Revenue	74.2M	79.9M	85.1M	89.3M

Gross Profit Total Revenue

Northern Technologies income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Selling General Administrative	Selling And Marketing Expenses	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.78	0.81	0.83	0.75	0.36	-0.05	0.14	0.79	0.59	0.51	-0.57	0.63	0.53	0.35	0.79	0.66	-0.47	0.27	0.89	0.65	0.37	-0.64	0.85	0.59
Interest Expense	0.78		0.75	0.8	0.62	0.43	0.17	0.32	0.71	0.38	0.34	-0.47	0.67	0.1	0.22	0.8	0.59	-0.77	0.2	0.86	0.25	0.07	-0.96	0.82	0.63
Total Revenue	0.81	0.75		0.98	0.98	0.57	0.19	0.34	0.99	0.86	0.62	-0.55	0.62	0.38	0.42	0.98	0.89	-0.54	0.38	0.83	0.55	0.51	-0.62	0.9	0.58
Gross Profit	0.83	0.8	0.98		0.93	0.59	0.26	0.42	0.96	0.8	0.6	-0.57	0.74	0.32	0.34	0.98	0.84	-0.61	0.37	0.86	0.51	0.51	-0.66	0.89	0.7
Other Operating Expenses	0.75	0.62	0.98	0.93		0.54	0.16	0.3	0.99	0.94	0.63	-0.47	0.51	0.45	0.52	0.94	0.89	-0.4	0.37	0.73	0.58	0.55	-0.49	0.83	0.47
Operating Income	0.36	0.43	0.57	0.59	0.54		0.7	0.76	0.54	0.51	0.85	-0.03	0.46	-0.09	0.25	0.52	0.47	-0.1	0.77	0.43	-0.08	0.27	-0.31	0.41	0.43
Ebit	-0.05	0.17	0.19	0.26	0.16	0.7		0.98	0.15	0.18	0.51	0.32	0.54	-0.47	-0.06	0.23	0.01	0.01	0.5	0.18	-0.46	-0.06	-0.12	0.07	0.5
Ebitda	0.14	0.32	0.34	0.42	0.3	0.76	0.98		0.29	0.29	0.6	0.21	0.65	-0.37	0.01	0.37	0.14	-0.08	0.54	0.34	-0.34	0.01	-0.24	0.23	0.61
Cost Of Revenue	0.79	0.71	0.99	0.96	0.99	0.54	0.15	0.29		0.89	0.63	-0.53	0.54	0.42	0.46	0.96	0.9	-0.49	0.39	0.8	0.57	0.5	-0.58	0.88	0.51
Total Operating Expenses	0.59	0.38	0.86	0.8	0.94	0.51	0.18	0.29	0.89		0.59	-0.28	0.38	0.49	0.62	0.82	0.8	-0.17	0.29	0.51	0.56	0.6	-0.22	0.62	0.35
Income Before Tax	0.51	0.34	0.62	0.6	0.63	0.85	0.51	0.6	0.63	0.59		-0.08	0.35	0.17	0.27	0.51	0.55	0.1	0.91	0.58	0.17	0.26	-0.23	0.55	0.32
Total Other Income Expense Net	-0.57	-0.47	-0.55	-0.57	-0.47	-0.03	0.32	0.21	-0.53	-0.28	-0.08		-0.4	-0.36	0.08	-0.54	-0.53	0.59	-0.03	-0.52	-0.59	-0.52	0.36	-0.6	-0.38
Net Income	0.63	0.67	0.62	0.74	0.51	0.46	0.54	0.65	0.54	0.38	0.35	-0.4		-0.04	-0.06	0.69	0.35	-0.57	0.2	0.7	0.17	0.31	-0.52	0.59	0.95
Income Tax Expense	0.53	0.1	0.38	0.32	0.45	-0.09	-0.47	-0.37	0.42	0.49	0.17	-0.36	-0.04		0.47	0.32	0.52	0.05	-0.07	0.27	0.92	0.61	0.05	0.39	0.02
Research Development	0.35	0.22	0.42	0.34	0.52	0.25	-0.06	0.01	0.46	0.62	0.27	0.08	-0.06	0.47		0.39	0.53	0.01	0.05	0.15	0.26	0.18	-0.18	0.36	0.06
Selling General Administrative	0.79	0.8	0.98	0.98	0.94	0.52	0.23	0.37	0.96	0.82	0.51	-0.54	0.69	0.32	0.39		0.84	-0.64	0.26	0.82	0.5	0.47	-0.68	0.87	0.65
Selling And Marketing Expenses	0.66	0.59	0.89	0.84	0.89	0.47	0.01	0.14	0.9	0.8	0.55	-0.53	0.35	0.52	0.53	0.84		-0.43	0.39	0.65	0.59	0.6	-0.48	0.85	0.44
Minority Interest	-0.47	-0.77	-0.54	-0.61	-0.4	-0.1	0.01	-0.08	-0.49	-0.17	0.1	0.59	-0.57	0.05	0.01	-0.64	-0.43		0.16	-0.56	-0.17	-0.14	0.76	-0.6	-0.55
Net Income From Continuing Ops	0.27	0.2	0.38	0.37	0.37	0.77	0.5	0.54	0.39	0.29	0.91	-0.03	0.2	-0.07	0.05	0.26	0.39	0.16		0.44	-0.08	0.07	-0.17	0.42	0.22
Non Operating Income Net Other	0.89	0.86	0.83	0.86	0.73	0.43	0.18	0.34	0.8	0.51	0.58	-0.52	0.7	0.27	0.15	0.82	0.65	-0.56	0.44		0.44	0.16	-0.79	0.92	0.66
Tax Provision	0.65	0.25	0.55	0.51	0.58	-0.08	-0.46	-0.34	0.57	0.56	0.17	-0.59	0.17	0.92	0.26	0.5	0.59	-0.17	-0.08	0.44		0.72	-0.06	0.52	0.16
Interest Income	0.37	0.07	0.51	0.51	0.55	0.27	-0.06	0.01	0.5	0.6	0.26	-0.52	0.31	0.61	0.18	0.47	0.6	-0.14	0.07	0.16	0.72		0.19	0.33	0.33
Net Interest Income	-0.64	-0.96	-0.62	-0.66	-0.49	-0.31	-0.12	-0.24	-0.58	-0.22	-0.23	0.36	-0.52	0.05	-0.18	-0.68	-0.48	0.76	-0.17	-0.79	-0.06	0.19		-0.75	-0.5
Reconciled Depreciation	0.85	0.82	0.9	0.89	0.83	0.41	0.07	0.23	0.88	0.62	0.55	-0.6	0.59	0.39	0.36	0.87	0.85	-0.6	0.42	0.92	0.52	0.33	-0.75		0.63
Extraordinary Items	0.59	0.63	0.58	0.7	0.47	0.43	0.5	0.61	0.51	0.35	0.32	-0.38	0.95	0.02	0.06	0.65	0.44	-0.55	0.22	0.66	0.16	0.33	-0.5	0.63

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Northern Technologies Account Relationship Matchups

Northern Technologies income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.1M	1.1M	1.6M	1.6M	1.8M	1.8M
Interest Expense	16.0K	16.1K	89.1K	461.8K	340.1K	357.1K
Total Revenue	47.6M	56.5M	74.2M	79.9M	85.1M	89.3M
Gross Profit	16.0M	19.6M	23.1M	27.8M	33.8M	35.5M
Other Operating Expenses	54.9M	61.6M	79.5M	73.9M	77.2M	81.1M
Operating Income	687.7K	8.3M	3.6M	6.0M	7.9M	8.3M
Ebit	(2.7M)	857.6K	422.2K	(432.1K)	8.0M	8.4M
Ebitda	(1.6M)	2.0M	2.0M	1.2M	9.7M	10.2M
Cost Of Revenue	31.6M	36.9M	51.1M	52.1M	51.3M	53.8M
Total Operating Expenses	23.3M	24.7M	28.4M	21.8M	25.9M	27.2M
Income Before Tax	1.7M	8.5M	9.1M	5.6M	7.6M	8.0M
Total Other Income Expense Net	151.7K	135.8K	3.9M	(433.3K)	(221.3K)	(210.2K)
Net Income	(934.8K)	6.3M	6.3M	2.9M	5.4B	5.7B
Income Tax Expense	2.7M	1.5M	1.9M	1.3M	1.3M	787.0K
Research Development	4.0M	4.4M	4.8M	5.0M	4.8M	2.5M
Selling General Administrative	8.7M	8.3M	10.6M	13.2M	14.2M	14.9M
Net Income Applicable To Common Shares	5.2M	(1.3M)	6.3M	6.3M	7.3M	7.6M
Selling And Marketing Expenses	10.7M	12.0M	13.0M	15.3M	16.4M	9.3M
Minority Interest	402.9K	715.5K	861.2K	(1.3M)	(912.3K)	(866.7K)
Net Income From Continuing Ops	(934.8K)	7.0M	7.2M	4.2M	6.3M	4.7M
Non Operating Income Net Other	78.3K	167.7K	151.9K	4.0M	4.6M	4.8M
Tax Provision	2.7M	1.5M	1.9M	1.3M	1.3M	1.4M
Interest Income	167.7K	151.9K	49.2K	28.5K	118.8K	87.3K
Net Interest Income	151.7K	135.8K	(39.9K)	(433.3K)	(221.3K)	(210.2K)
Reconciled Depreciation	1.1M	1.1M	1.6M	1.6M	1.8M	1.4M

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When determining whether Northern Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northern Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Northern Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northern Technologies Stock:

How To Invest In Northern

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Is Northern Stock a good investment?

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What is Northern Technologies' Net Worth?

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Largest Specialty Chemicals Companies

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For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.

You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Is Specialty Chemicals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Technologies. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.09)

Earnings Share

0.55

Revenue Per Share

8.752

Quarterly Revenue Growth

(0.01)

Return On Assets

0.0079

The market value of Northern Technologies is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Technologies' value that differs from its market value or its book value, called intrinsic value, which is Northern Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Technologies' market value can be influenced by many factors that don't directly affect Northern Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Northern Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Northern Historical Income Statement

About Northern Income Statement Analysis

Northern Technologies Income Statement Chart

Total Revenue

Other Operating Expenses

Operating Income

Northern Technologies income statement Correlations

Northern Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Technologies income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

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Cost Of Revenue	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Other Operating Expenses
Gross Profit	+ 0.98	Total Revenue
Other Operating Expenses	+ 0.98	Total Revenue
Selling General Administrative	+ 0.98	Total Revenue
Selling General Administrative	+ 0.98	Gross Profit

Net Interest Income	- 0.96	Interest Expense
Net Interest Income	- 0.79	Non Operating Income Net Other
Minority Interest	- 0.77	Interest Expense
Reconciled Depreciation	- 0.75	Net Interest Income
Net Interest Income	- 0.68	Selling General Administrative
Net Interest Income	- 0.66	Gross Profit