Reports Q1 revenue $21.34M vs. $20.18M last year. “NTIC‘s record first quarter consolidated sales were driven by Natur-Tec all-time record quarterly sales, as well as, stable ZERUST oil and gas and ZERUST industrial sales. Furthermore, NTIC China enjoyed its highest quarterly sales in nearly three years. We are cautiously optimistic that global trends within our ZERUST(R) industrial markets will continue improving throughout FY25,” said CEO G. Patrick Lynch. “Operating expenses increased 14.0% year-over-year primarily due to our strategic investments in ZERUST oil and gas sales infrastructure. Partially offsetting these investments was a 200-basis point year-over-year improvement in gross margin for the fiscal 2025 first quarter, demonstrating the successful execution of quality system-improvement initiatives that are underway company-wide. Our record first-quarter consolidated sales and solid start to fiscal 2025 are encouraging. We continue to believe FY25 will be another strong year of sales growth and higher profitability.”
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
