Form 8-K
8-K — NORTHERN TECHNOLOGIES INTERNATIONAL CORP
Accession: 0001171843-26-004547
Filed: 2026-07-09
Period: 2026-07-09
CIK: 0000875582
SIC: 3470 (COATING, ENGRAVING & ALLIED SERVICES)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
_________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): July 9, 2026
_______________________________
NORTHERN
TECHNOLOGIES INTERNATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
_______________________________
Delaware
001-11038
41-0857886
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
4201
Woodland Road
P.O. Box 69
Circle
Pines, Minnesota 55014
(Address of Principal Executive Offices) (Zip Code)
(763)
225-6600
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since
last report)
_______________________________
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section
12(b) of the Act:
Title of
each class
Trading Symbol(s)
Name of each
exchange on which registered
Common stock, par value
$0.02 per share
NTIC
The Nasdaq
Stock Market
Indicate by check mark whether the
registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On July 9, 2026, Northern Technologies International
Corporation (“NTIC”) announced its consolidated financial results for the third fiscal quarter ended May 31, 2026. A copy
of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and the information set forth therein is incorporated
herein by reference and constitutes a part of this report.
The information contained in Item 2.02 of this report
and Exhibit 99.1 to this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), and shall not be incorporated by reference into any filings made by NTIC under the
Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
99.1
Press Release issued July 9, 2026 (furnished herewith)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION
Date: July 9, 2026
By:
/s/ Matthew C. Wolsfeld
Matthew C. Wolsfeld
Chief Financial Officer and Corporate Secretary
EX-99.1 — PRESS RELEASE
EX-99.1
Filename: exh_991.htm · Sequence: 2
EdgarFiling
EXHIBIT 99.1
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2026
MINNEAPOLIS, July 09, 2026 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (NASDAQ: NTIC), a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, today reported its financial results for the third quarter of fiscal 2026.
Third quarter fiscal 2026 financial and operating highlights include (with growth rates on a fiscal quarter year-over-year basis):
Consolidated net sales increased 12.6% to a record $24,216,000
ZERUST® industrial net sales increased 10.3% to a record $15,926,000
ZERUST® oil and gas net sales increased 72.3% to a third quarter record of $2,219,000
Natur-Tec® product net sales increased 5.0% to a record $6,070,000
NTIC China net sales were $4,480,000, compared to $4,510,000 in the third quarter fiscal 2025
Gross profit, as a percentage of net sales, decreased 477 basis points to 33.6%
Joint venture operating income increased 12.2% to $2,551,000
Income before income tax expense was $376,000, compared to $743,000
Net loss attributable to NTIC was $263,000, compared to net income attributable to NTIC of $122,000
Net loss per diluted share attributable to NTIC was $0.03, compared to net income per diluted share attributable to NTIC of $0.01
“Strong global demand and increasing adoption of our ZERUST® corrosion prevention and Natur-Tec® bioplastic solutions drove quarterly consolidated net sales to new record highs. Global disruptions stemming from increased conflict levels in the Middle East, including through the Strait of Hormuz, drove a significant increase in the cost of key raw materials during the quarter, and gross margin was further affected by competitive pricing pressure in our Natur-Tec® business. Together, these factors reduced our gross margin by approximately 477 basis points year-over-year. We have begun to see raw material costs ease, and the pricing and procurement initiatives we are pursuing are expected to improve gross margin and profitability in the fourth quarter,” said G. Patrick Lynch, President and CEO of NTIC.
“Since reaching the profitability levels we planned for is taking longer than expected, we believe NTIC must remain focused on the initiatives within our control to drive more profitable growth, including expanding sales of our higher-margin ZERUST® oil and gas solutions and broadening Natur-Tec® applications globally. Our liquidity and financial flexibility remain solid, supported by significant capital within our joint venture network and anticipated proceeds of more than $1.0 million from the pending sale of our Beachwood, Ohio facility, which is expected to close in fiscal 2027. The resilience of our business model, continued demand for our technologies. and our focus on execution give us confidence in stronger, more profitable fourth-quarter results,” concluded Mr. Lynch.
NTIC’s consolidated net sales increased 12.6% to $24,216,000 during the three months ended May 31, 2026, compared to $21,509,000 for the three months ended May 31, 2025. The year-over-year increase in third quarter sales was primarily driven by increased sales and demand for ZERUST® and Natur-Tec® products. For the nine months ended May 31, 2026, consolidated net sales increased 12.3% to $69,521,000, compared to $61,919,000 for the same period last fiscal year.
The following tables set forth NTIC’s net sales by product category for the three and nine months ended May 31, 2026 and 2025, by segment:
Three Months Ended May 31,
2026
% of Net
Sales 2025
% of Net
Sales %
Change
ZERUST®industrial net sales $ 15,926,269 65.8 % $ 14,440,591 67.1 % 10.3 %
ZERUST®oil & gas net sales 2,219,342 9.1 % 1,288,046 6.0 % 72.3 %
Total ZERUST®net sales $ 18,145,611 74.9 % $ 15,728,637 73.1 % 15.4 %
Total Natur-Tec®net sales 6,070,051 25.1 % 5,779,926 26.9 % 5.0 %
Total net sales $ 24,215,662 100.0 % $ 21,508,563 100.0 % 12.6 %
Nine Months Ended May 31,
2026
% of Net
Sales
2025
% of Net
Sales %
Change
ZERUST®industrial net sales $ 44,816,138 64.4 % $ 40,965,696 66.2 % 9.4 %
ZERUST®oil & gas net sales 7,279,062 10.5 % 4,350,761 7.0 % 67.3 %
Total ZERUST®net sales $ 52,095,200 74.9 % $ 45,316,457 73.2 % 15.0 %
Total Natur-Tec®net sales 17,426,065 25.1 % 16,602,565 26.8 % 5.0 %
Total net sales $ 69,521,265 100.0 % $ 61,919,022 100.0 % 12.3 %
Net sales at NTIC’s joint ventures, which are not consolidated with NTIC’s financial results, increased 15.1% to $26,708,000 during the three months ended May 31, 2026, compared to $23,212,000 for the three months ended May 31, 2025. NTIC’s total income from joint venture operations increased 12.2% to $2,551,000 during the three months ended May 31, 2026, compared to $2,273,000 during the three months ended May 31, 2025. The $278,000 increase in total income from joint venture operations was primarily due to an increase in sales at NTIC’s joint ventures. Year-to-date, NTIC’s joint venture operating income was $6,869,000, compared to joint venture operating income of $6,378,000 during the nine months ended May 31, 2025. Net sales of NTIC’s joint ventures were $74,723,000 for the nine months ended May 31, 2026, compared to $66,848,000 for the nine months ended May 31, 2025.
Operating expenses, as a percentage of net sales, for the third quarter of fiscal 2026 were 42.0%, compared to 44.9% for the same period last fiscal year. Year-to-date, operating expenses, as a percentage of net sales, were 42.3%, compared to 45.1% for the same period last fiscal year. Operating expenses for the three and nine months ended May 31, 2026 increased 5.3% and 5.2%, respectively. These increases were primarily due to strategic investments in ZERUST® oil and gas marketing and sales efforts.
NTIC recognized $1,140,000 in other income during the nine months ended May 31, 2025, due to the receipt of a cash employee retention credit payment. No other income was recognized during the nine months ended May 31, 2026.
Net loss attributable to NTIC for the third quarter of fiscal 2026 was $263,000, or $0.03 per diluted share, compared to net income attributable to NTIC of $122,000, or $0.01 per diluted share, for the same period last fiscal year. Year-to-date, net loss attributable to NTIC was $61,000, or $0.01 per diluted share, compared to net income attributable to NTIC of $1,117,000, or $0.12 per diluted share, for the same period last fiscal year.
NTIC’s non-GAAP adjusted net loss, as set forth in the GAAP reconciliation at the end of this release, was $158,000, or $0.02 per diluted share, for the third quarter of fiscal 2026, compared to non-GAAP adjusted net income of $228,000, or $0.02 per diluted share, for the same quarter last fiscal year. Year-to-date, non-GAAP adjusted net income was $257,000, or $0.02 per diluted share, compared to non-GAAP adjusted net income of $595,000, or $0.07 per diluted share, for the same period last fiscal year.
NTIC had working capital of $19,992,000 as of May 31, 2026, including $7,276,000 in cash and cash equivalents and an outstanding revolving line of credit and current portion of term loan balance of $14,778,000, compared to $20,439,000 of working capital as of August 31, 2025, including $7,251,000 in cash and cash equivalents and an outstanding revolving line of credit and current portion of term loan balance of $12,189,000.
During the third quarter of fiscal 2026, NTIC committed to a plan to sell its Beachwood, Ohio facility, which has historically been used by the Company's ZERUST® segment. NTIC reclassified the carrying value of the property, $869,407, from property, plant and equipment, net, to assets held for sale on its consolidated balance sheet as of May 31, 2026. On May 26, 2026, NTIC received a non-binding letter of intent to purchase the property for $1,150,000 in cash, subject to a customary diligence period and execution of a definitive purchase and sale agreement. The Company expects the sale of the property to close during fiscal 2027.
At May 31, 2026, NTIC had $30,360,000 of investments in joint ventures, of which $16,521,000, or 54.4% was cash, with the remaining balance mostly made up of other working capital. This is compared to $27,139,000 of investments in joint ventures, of which $13,500,000, or 49.7%, is cash, with the remaining balance mostly made up of other working capital at May 31, 2025.
Conference Call and Webcast
NTIC will host a conference call today at 8:00 a.m. Central Time to review its results of operations for the third quarter of fiscal year 2026 and its outlook, followed by a question-and-answer session. The conference call will be available to interested parties through a webcast. To join the live call and ask a question, a participant must register using the URL below.
https://register-conf.media-server.com/register/BIfceca2e927f94054a3cc6ad549cefed7
Once registered, the participant will receive a dial-in number and unique PIN number to access the call.
The audio-only webcast can be accessed at the following link: https://edge.media-server.com/mmc/p/vqvp3kq8
A link to the webcast is also available on the Investor Relations section of NTIC’s webpage. Participants are advised to go to the website at least 15 minutes early to register, download and install any necessary audio software. For those unable to participate in the live webcast, a replay of the webcast will be archived and accessible for approximately one year on the Investor Relations section of NTIC’s webpage.
About Northern Technologies International Corporation
Northern Technologies International Corporation develops and markets proprietary, environmentally beneficial products and services in over 65 countries either directly or via a network of subsidiaries, joint ventures, independent distributors and agents. NTIC’s primary business is corrosion prevention marketed mainly under the ZERUST® brand. NTIC has been selling its proprietary ZERUST® rust and corrosion inhibiting products and services to the automotive, general industrial, mechanical, mining, agricultural, and retail consumer markets for over 50 years and, more recently, has also expanded into the oil and gas industry. NTIC offers worldwide on-site technical consulting for rust and corrosion prevention issues. NTIC’s technical service consultants work directly with the end users of NTIC’s products to analyze their specific needs and develop systems to meet their technical requirements. NTIC also markets and sells a portfolio of bio-based and biodegradable polymer resin compounds and finished products marketed under the Natur-Tec® brand.
Forward-Looking Statements
Statements contained in this release that are not historical information are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include NTIC’s beliefs that its pricing and procurement initiatives will improve gross margin and profitability in the fourth quarter and its expectation that it will execute a definitive agreement for the sale of its Beachwood facility and that the sale would close in fiscal 2027 and result in more than $1.0 million in anticipated proceeds, and other statements that can be identified by words such as “believes,” “continues,” “expects,” “anticipates,” “intends,” “potential,” “outlook,” “will,” “may,” “would,” “should,” “guidance” or words of similar meaning, and the use of future dates. Such forward-looking statements are based upon the current beliefs and expectations of NTIC’s management and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied. Such potential risks and uncertainties include, but are not limited to, in no particular order: the effect of the U.S.-Israel-Iran conflict, which has had immediate and substantial effects on global trade, energy markets and financial markets; risks associated with international operations, including NTIC China, exposure to exchange rate fluctuations, tariffs, trade disputes and changes to trade regulation; the health of the U.S. and worldwide economies, including in particular the U.S. automotive industry, decreased exports of automotive products resulting from tariffs between the U.S. and both Mexico and Canada and the evolution towards electric vehicles; the effect of economic uncertainty, recessionary indicators, inflation, increased interest rates and turmoil in the global credit, financial and banking markets or perception thereof; effect of supply chain disruptions; the effect of initiatives to improve gross margin and profitability, including expanding sales of ZERUST® oil and gas solutions and broadening Natur-Tec® applications globally; the risk that the Beachwood facility sale will not be completed or will result in different than anticipated proceeds to NTIC; NTIC’s dependence on its joint ventures, relationships with joint venture partners and their success, including fees and dividend distributions; effect of economic slowdown and political unrest, including the war between Russia and Ukraine and the conflicts in the Middle East; the level of growth in NTIC’s markets; NTIC’s investments in research and development efforts; acceptance of existing and new products; timing of purchase orders under supply contracts; variability in sales to oil and gas customers and effect on quarterly financial results; increased competition; costs and effects of complying with changes in tax, fiscal, government and other regulatory policies, and rules relating to environmental, health and safety matters; and NTIC’s reliance on its intellectual property rights and the absence of infringement of the intellectual property rights of others. More detailed information on these and additional factors which could affect NTIC’s operating and financial results is described in NTIC’s filings with the Securities and Exchange Commission (SEC), including its annual report on Form 10-K for the fiscal year ended August 31, 2025 and subsequent quarterly reports on Form 10-Q. NTIC urges all interested parties to read these reports to gain a better understanding of the many business and other risks that it faces. Additionally, NTIC undertakes no obligation to publicly release the results of any revisions to these forward-looking statements, which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.
Use of Non-GAAP Financial Measures
In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this release contains non-GAAP financial measures, including adjusted net income (loss) attributable to NTIC and adjusted net income (loss) attributable to NTIC per diluted share. NTIC’s reasons for use of these measures, reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures and other information are included at the end of this release. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for NTIC’s financial results prepared in accordance with GAAP.
NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF MAY 31, 2026 (UNAUDITED) AND
AUGUST 31, 2025 (AUDITED)
May 31, 2026 August 31, 2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 7,275,981 $ 7,250,523
Receivables:
Trade, less allowance for credit losses
of $310,000 as of May 31, 2026 and $235,000 as of August 31, 2025 18,684,535 18,443,230
Fees for services provided to joint ventures 1,092,660 1,077,552
Income taxes 999,127 340,002
Inventories, net 15,838,761 15,525,230
Prepaid expenses 3,013,947 1,706,279
Assets held for sale 869,407 —
Total current assets $ 47,774,418 $ 44,342,816
PROPERTY AND EQUIPMENT, NET $ 14,863,936 $ 15,183,918
OTHER ASSETS:
Investments in joint ventures 30,360,084 28,611,777
Deferred income tax, net 448,023 503,575
Intangible assets, net 8,310,410 8,827,768
Goodwill 4,782,376 4,782,376
Operating lease right of use assets 585,756 493,050
Total other assets 44,486,649 43,218,546
Total assets $ 107,125,003 $ 102,745,280
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Line of credit $ 11,763,555 $ 9,329,021
Term loan, current portion 3,014,086 2,860,256
Accounts payable 9,350,119 8,044,196
Income taxes payable 447,177 414,304
Accrued liabilities:
Payroll and related benefits 1,897,674 1,844,817
Other 882,578 1,066,761
Current portion of operating leases 427,639 344,739
Total current liabilities $ 27,782,828 $ 23,904,094
LONG-TERM LIABILITIES:
Deferred income tax, net 1,513,166 1,513,166
Term loans, noncurrent portion 389,236 466,984
Operating leases, less current portion 158,117 148,311
Total long-term liabilities $ 2,060,519 $ 2,128,461
COMMITMENTS AND CONTINGENCIES
EQUITY:
Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding — —
Common stock, $0.02 par value per share; authorized 15,000,000 shares;
issued and outstanding 9,496,440 and 9,475,490 as of May 31, 2026 and August
31, 2025, respectively 189,929 189,510
Additional paid-in capital 26,046,779 25,056,976
Retained earnings 52,022,946 52,273,469
Accumulated other comprehensive loss (5,434,794 ) (5,371,201 )
Stockholders’ equity 72,824,860 72,148,754
Non-controlling interests 4,456,796 4,563,971
Total equity 77,281,656 76,712,725
Total liabilities and equity $ 107,125,003 $ 102,745,280
NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
FOR THE THREE AND NINE MONTHS ENDED MAY 31, 2026 AND 2025
Three Months Ended May 31, Nine Months Ended May 31,
2026
2025
2026
2025
NET SALES:
Net sales $ 24,215,662 $ 21,508,563 $ 69,521,265 $ 61,919,022
Cost of goods sold 16,072,498 13,249,123 45,136,589 38,701,045
Gross profit 8,143,164 8,259,440 24,384,676 23,217,977
JOINT VENTURE OPERATIONS:
Equity in income from joint ventures 1,517,174 970,314 3,839,960 2,720,637
Fees for services provided to joint ventures 1,033,786 1,302,598 3,028,942 3,656,980
Total income from joint venture operations 2,550,960 2,272,912 6,868,902 6,377,617
OPERATING EXPENSES:
Selling expenses 4,647,548 4,593,226 13,732,822 13,071,122
General and administrative expenses 4,324,275 3,933,696 12,085,935 11,113,008
Research and development expenses 1,206,971 1,138,243 3,603,085 3,770,539
Total operating expenses 10,178,794 9,665,165 29,421,842 27,954,669
OPERATING INCOME 515,330 867,187 1,831,736 1,640,925
INTEREST INCOME 64,089 37,821 166,899 273,544
INTEREST EXPENSE (203,872 ) (162,096 ) (600,489 ) (421,471 )
OTHER INCOME — — — 1,139,756
INCOME BEFORE INCOME TAX EXPENSE 375,547 742,912 1,398,146 2,632,754
INCOME TAX EXPENSE 392,802 410,461 733,321 903,529
NET (LOSS) INCOME (17,255 ) 332,451 664,825 1,729,225
NET INCOME ATTRIBUTABLE TO
NON-CONTROLLING INTERESTS 246,036 210,676 725,620 612,040
NET (LOSS) INCOME ATTRIBUTABLE TO NTIC $ (263,291 ) $ 121,775 $ (60,795 ) $ 1,117,185
NET (LOSS) INCOME ATTRIBUTABLE TO NTIC
PER COMMON SHARE:
Basic $ (0.03 ) $ 0.01 $ (0.01 ) $ 0.12
Diluted $ (0.03 ) $ 0.01 $ (0.01 ) $ 0.12
WEIGHTED AVERAGE COMMON SHARES
ASSUMED OUTSTANDING:
Basic 9,496,439 9,474,363 9,490,751 9,475,967
Diluted 9,496,439 9,539,766 9,490,751 9,686,646
CASH DIVIDENDS DECLARED PER COMMON
SHARE $ 0.00 $ 0.01 $ 0.02 $ 0.15
NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(UNAUDITED, EXCEPT SHARE AND PER SHARE AMOUNTS)
The accompanying press release contains certain non-GAAP financial measures, including adjusted net (loss) income attributable to NTIC and adjusted net (loss) income attributable to NTIC per diluted share, which are not calculated or presented in accordance with accounting principles generally accepted in the United States (GAAP). These non-GAAP financial measures are supplemental information and in addition to the financial measures presented in the accompanying release that are calculated and presented in accordance with GAAP. NTIC uses non-GAAP financial measures as supplemental measures of performance and believes these measures facilitate operating performance comparisons from period to period and company to company by factoring out potential differences caused by non-recurring, unusual or infrequent charges not related to NTIC’s regular, ongoing business and other non-cash charges. NTIC also believes that the presentation of certain non-GAAP financial measures provides useful information to investors in evaluating the company’s operations, period over period. Such non-GAAP financial measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the release. The non-GAAP financial measures in the accompanying release may differ from similar measures used by other companies.
The following is a reconciliation of NTIC’s reported net (loss) income attributable to NTIC and reported net (loss) income attributable to NTIC per diluted common share to adjusted net (loss) income attributable to NTIC and adjusted net (loss) income attributable to NTIC per diluted common share, in each case, as adjusted to exclude the contribution from the receipt of an employee retention credit (ERC) payment and amortization expense.
Three Months Ended May 31,
Nine Months Ended May 31,
2026
2025
2026
2025
Net (loss) income, as reported $ (263,291 ) $ 121,775 $ (60,795 ) $ 1,117,185
Adjustments for adjusted net (loss) income:
Other income from ERC - - - (1,139,756 )
Bonus expense impact from ERC - - - 300,000
Amortization expense 105,783 105,783 317,349 317,349
Non-GAAP adjusted net (loss) income $ (157,508 ) $ 227,558 $ 256,554 $ 594,778
Weighted average shares outstanding (diluted) 9,496,439 9,539,766 9,490,751 9,686,646
Diluted net (loss) income per share, as reported (0.03 ) 0.01 (0.01 ) 0.12
Adjustments for adjusted net (loss) income, net of
tax impact, per diluted share 0.01 0.01 0.03 (0.05 )
Non-GAAP adjusted net (loss) income per diluted
share $ (0.02 ) $ 0.02 $ 0.02 $ 0.07
Investor and Media Contact:
Matthew Wolsfeld, CFO
NTIC
(763) 225-6600
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Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
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dei_EntityAddressAddressLine1
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xbrli:normalizedStringItemType
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X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
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dei_EntityAddressCityOrTown
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Data Type:
xbrli:normalizedStringItemType
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na
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duration
X
- Definition
Code for the postal or zip code
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No definition available.
+ Details
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dei_EntityAddressPostalZipCode
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xbrli:normalizedStringItemType
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duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
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dei_EntityAddressStateOrProvince
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dei:stateOrProvinceItemType
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X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Name:
dei_EntityEmergingGrowthCompany
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X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
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Data Type:
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Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
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Data Type:
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Balance Type:
na
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duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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dei_EntityTaxIdentificationNumber
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Balance Type:
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Period Type:
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X
- Definition
Local phone number for entity.
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No definition available.
+ Details
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dei_LocalPhoneNumber
Namespace Prefix:
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Data Type:
xbrli:normalizedStringItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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dei_SecurityExchangeName
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
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dei_SolicitingMaterial
Namespace Prefix:
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Data Type:
xbrli:booleanItemType
Balance Type:
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Period Type:
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X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
dei:tradingSymbolItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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