Joe Vidich's questions to NORTHERN TECHNOLOGIES INTERNATIONAL (NTIC) leadership • Q1 2025
Question
Inquired about the recurring nature of Natur-Tec sales and asked for details on the oil and gas business, including the sales cycle, pipeline progression, ramp-up time for new salespeople, customer mix (new vs. repeat), and a geographic/product breakdown of China sales.
Answer
Management confirmed Natur-Tec sales are recurring. For oil and gas, new salespeople take 6-12 months to ramp up, with the impact of recent hires expected next fiscal year. North American sales are mostly repeat business, while international is still developing. The 10 new hires (6 sales, 4 technical) are incremental. China sales are approximately 10% Natur-Tec and 90% Zerust industrial.