News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$NCL - @Northann_Corp Huge NEWS Today! Profitability with Substantial 68% Revenue Growth in Q1 of 24 for Global 3D-Printed Flooring & Wall Panels: NYSE: NCL https://www.einpresswire.com/article/713724459/profitability-with-substantial-68-revenue-growth-in-q1-of-24-for-global-3d-printed-flooring-wall-panels-nyse-ncl via @ein_news
$NCL News: Northann Corp. Reports Strong First Quarter 2024 Financial Results
ELK GROVE, Calif., May 22, 2024 (GLOBE NEWSWIRE) -- Northann Corp. (NYSE American: NCL), a leading innovator in 3D printing technology for home improvement products, announced its financial results for the first quarter ending March 31, 2024. The company reported substantial growth in revenues and significant progress in cost management and debt reduction.
Financial Highlights:
- Revenue: Northann Corp. reported revenues of $4.6 million for Q1 2024, a notable increase of 68% from $2.7 million in the same period of 2023. This growth reflects strong demand for the company’s advanced flooring solutions.
- Gross Profit: Gross profit for the quarter was $1.54 million, up by 24% from $1.25 million in Q1 2023, driven by higher sales volumes and efficient cost management.
- Net Income: Net income for the quarter was $60,035, compared to $185,466 in the prior year’s first quarter, representing a decrease of 68%. The decline in net income is primarily due to increased investments in research and development and higher interest expenses.
- Operating Expenses: Total operating expenses were $1.22 million, up by 42% from $853,830 in Q1 2023. The increase is attributed to expanded R&D efforts and administrative costs.
Operational and Strategic Highlights:
- Debt Reduction: The company successfully reduced its total liabilities to $12.52 million from $13.04 million at the end of 2023, a decrease of 4%. This includes a significant repayment of bank borrowings, contributing to a stronger balance sheet.
- Liquidity: As of March 31, 2024, Northann Corp. maintained a strong liquidity position with $593,934 in cash and cash equivalents?
- Product Development: Continued investment in R&D, with expenses rising to $512,597 in Q1 2024, up by 71% from $300,212 in the same period last year, reinforcing the company’s commitment to innovation.
CEO’s Statement:
"We are pleased with our robust performance in the first quarter, reflecting our team’s dedication and the growing market acceptance of our cutting-edge 3D printed flooring solutions," said Lin Li, CEO of Northann Corp. "Our strategic focus on innovation,cost management and client-oriented vision has positioned us well for sustained growth. We remain committed to enhancing shareholder value through continued operational excellence and financial discipline."
Looking Forward:
Northann Corp. continues to focus on expanding its product offerings and market reach while maintaining financial prudence. The company is optimistic about its growth prospects for the remainder of 2024, supported by ongoing product innovation and strong market demand.
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann, please visit www.northann.com.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
https://www.globenewswire.com/newsroom/ti?nf=OTEyMjE4MSM2MjY0NjUyIzIyNTM4NDA=
https://ml.globenewswire.com/media/NmVjNjZjNTEtNDY2My00YzhjLTgxNTYtOWU4M2QwNzdkMmUxLTEyNjUzOTM=/tiny/Northann-Corp-.png
Source: Northann Corp.
$NCL .41 HOD .4488 on Seekingalpha.com as Northann Corp. Announced yesterday its Strategic Partnership with Adornus Cabinetry https://seekingalpha.com/pr/19724039-northann-corp-announces-strategic-partnership-adornus-cabinetry?source=tweet @Northann_Corp @NYSE
$NCL Northann CEO Lin Li stated in Today's PR, “"We are thrilled to partner with Adornus Cabinetry. This collaboration marks a significant step forward in our company’s commitment to enhancing the integration of innovative solutions in the housing and construction industries. This partnership also signifies our dedication to supporting American industries and economies."
Mr. Lin said the partnership is expected to commence with a series of collaborative projects in Q3 of 2024, with further details to be announced shortly.
News Link: https://www.nasdaq.com/press-release/northann-corp.-announces-strategic-partnership-with-adornus-cabinetry-2024-05-14
NEWS: $NCL Northann Corp. Announces Strategic Partnership with Adornus Cabinetry
Northann Corp.
Tue, May 14, 2024, 8:00 AM EDT
In this article:
NCL
+0.75%
Northann Corp.
ELK GROVE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Northann Corp. (NYSE American: NCL), a leader 3D printing home improvement solutions, today announced a strategic partnership with Adornus Cabinetry, a South Carolina-based manufacturer of luxury cabinetry. The partnership will focus on combining Northann’s pioneering 3D printing technologies with Adornus’ expertise in high-quality cabinetry design and manufacturing.
This synergy, said Northann, is expected to drive new innovations in materials and design processes, leading to the manufacture of cutting-edge, sustainable cabinetry solutions that are both beautiful and functional.
Other key elements of the partnership include:
Innovation in Product Development: Northann’s 3D printing ecosystem capabilities will imbue the new line of custom cabinetry with enhanced durability, customization, and quicker production times.
Sustainability Initiatives: As both companies are committed to sustainable practices, the partnership will focus on utilizing eco-friendly materials and processes.
Economic Impact: The collaboration is set to bolster the local economy by creating jobs and utilizing local resources in South Carolina.
"We are thrilled to partner with Adornus Cabinetry,” said Northann CEO Lin Li. “This collaboration marks a significant step forward in our company’s commitment to enhancing the integration of innovative solutions in the housing and construction industries.
"This partnership also signifies our dedication to supporting American industries and economies."
Mr. Lin said the partnership is expected to commence with a series of collaborative projects in Q3 of 2024, with further details to be announced shortly.
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann, please visit www.northann.com.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor New York, NY, 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
$NCL NYSE:NCL pioneering sustainable innovation in the home improvement industry, delivering cutting-edge 3D printed flooring & wall panels that redefine modern living gaining recognition with products receiving top honors at industry events like #TISE2024 https://axecapitalusa.com/ncl/
$NCL Invest in @Northann_Corp to be part of a journey towards a greener, more technologically advanced future. Join NCL in shaping tomorrow, sustainably & inclusively building a world where style meets sustainability & innovation drives success. https://axecapitalusa.com/ncl/ $INTC
Good morning $NCL
$NCL Prestigious Awards Granted for Eco-Friendly 3D-Printed Flooring & Wall Panel Products: Northann Corp. NYSE: NCL https://www.einpresswire.com/article/708225478/prestigious-awards-granted-for-eco-friendly-3d-printed-flooring-wall-panel-products-northann-corp-nyse-ncl via @ein_news
$NCL .446 +8.84% Top Reasons to Have NCL on Your Radar
$NCL The global 3D printing market is on an upward trajectory, projected to soar from USD 18.33 Billion in 2022 to a staggering USD 105.99 Billion by 2030, with a robust CAGR of 24.9% during the forecast period. https://axecapitalusa.com/ncl/
$NCL -Northann Corp. price alert $0.44 (+4.82%)
@Northann_Corp
Enters Strategic Relationship with Rexil Group of Companies Netherlands to Promote Sustainable Technology and Products https://seekingalpha.com/pr/19698202-northann-corp-enters-strategic-relationship-rexil-group-of-companies-netherlands-to-promote?source=tweet
#NorthannCorp #Sustainability #Innovation
$NCL .45 +7.53% Up on NEWS this week as @Northann_Corp.'s Blue11-Ocean Plastic Flooring and Wall Panels Product Wins Multiple Prestigious Awards in 2024 https://finance.yahoo.com/news/northann-corp-blue11-ocean-plastic-120000418.html?soc_src=social-
$NCL News: Northann Corp.'s Blue11-Ocean Plastic Flooring and Wall Panels Product Wins Multiple Prestigious Awards in 2024
Thu, May 2, 2024, 8:00 AM EDT
In This Article:
NCL - Northann Corp.
ELK GROVE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Northann Corp. (NYSE American: NCL), a leader in innovative sustainable solutions, today announced that its Blue11-Ocean Plastic Flooring and Wall Panels Product has been recognized this year with industry awards for outstanding design, commitment to sustainability, and impeccable craftsmanship.
These awards include:
American Good Design Award 2024
French Design Award 2024
IDA Design Awards 2024
New York Product Design Awards
Green Product Award
Best Surfaces in TISE 2024
"We are truly honored to receive these prestigious awards, which underscore our commitment to creating products that are not only visually captivating but also environmentally conscious," remarked Northann Corp. CEO Lin Li. "This recognition fuels our passion to continue delivering innovative and sustainable solutions that resonate with our customers and contribute positively to the environment.
“Northann Corp.'s Blue11-Ocean Plastic Flooring and Wall Panels Product stands as a shining example of our company's enduring pursuit of excellence and sustainability.”
To learn more about this award-winning product and Northann Corp.'s comprehensive range of sustainable solutions, please visit www.northann.com and www.benchwick.com.
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann, please visit www.northann.com.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor New York, NY, 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
$NCL @Northann_Corp (NYSE: NCL) is thrilled to announce a strategic relationship that's set to elevate sustainable technology& products to new heights!
In a landmark collaboration, NCL joins forces with Golden Gate BCE B.V., a subsidiary of Rexil Group.
https://lnkd.in/eK-3ZSkf
$NCL Consolidating here. HOD .4687 #bullish
$NCL @Northann_Corp Strategic Relationships, Cross-Licensing and Sourcing are Globally Expanding 3D-Printed Ecosystem Flooring Co: NYSE: NCL https://www.einpresswire.com/article/705789888/strategic-relationships-cross-licensing-and-sourcing-are-globally-expanding-3d-printed-ecosystem-flooring-co-nyse-ncl via @ein_news
$NCL CEO Lin Li, "When we started @Northann_Corp years ago, my team and I have always been thinking about how to make this field more creative, how to bring more comfort and value to consumers and humanity." https://www.northann.com/ AND https://axecapitalusa.com/ncl/ @NYSE #3dPrinting
$NCL News: Northann Corp Enters Strategic Relationship with Rexil Group of Companies Netherlands to Promote Sustainable Technology and Products
Northann Corp.
Wed, Apr 24, 2024, 8:00 AM EDT
In This Article: NCL
Northann Corp
ELK GROVE, Calif., April 24, 2024 (GLOBE NEWSWIRE) -- Northann Corp (NYSE American: NCL), a leading innovator in 3D-printed home improvement solutions, is pleased to announce the signing of a strategic relationship with Golden Gate BCE B.V., a subsidiary of Rexil Group of Companies Netherlands, a prominent distributor in the Netherlands. This collaboration aims to enhance the presence of sustainable technology and products throughout Rexil Group of Companies Netherlands and its subsidiaries distribution channels.
Under this agreement, Rexil Group of Companies Netherlands will promote Northann Corp's environmentally friendly products, Blue11 and SuperOak, to its extensive network of customers in the Netherlands. This partnership aligns with Northann Corp's commitment to sustainability and innovation, furthering its mission to transform spaces through cutting-edge solutions.
"We are thrilled to partner with Rexil Group of Companies Netherlands to bring our sustainable technology and products to a wider audience in the Netherlands," said Lin Li, CEO and President of Northann Corp. "This collaboration underscores our dedication to environmental stewardship and showcases our commitment to providing innovative solutions to our customers."
Northann Corp’s partnership with Rexil Group of Companies Netherlands represents a significant step forward for the Company in its efforts to expand its global presence and promote sustainable practices within the industry. Both companies share a common vision for driving positive change through innovation and sustainability, making this a synergistic collaboration for both parties.
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann, please visit www.northann.com.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor New York, NY, 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
$NCL @Northann_Corp Expos & Expanding Business for 3D-Printed Ecosystem Flooring made with Recycled Ocean Plastics: Northann Corp. NYSE: NCL https://einpresswire.com/article/704118147/expos-expanding-business-for-3d-printed-ecosystem-flooring-made-with-recycled-ocean-plastics-northann-corp-nyse-ncl via
@ein_news
$NCL Good morning. Awesome products https://axecapitalusa.com/ncl/
Thank you for all your DD. This should be trading much higher. Sales or competitive may be the issue. products are awesome. GLTY.
$NCL .495 +5.32% Northann Corp. (NYSE American: NCL) is thrilled to announce a groundbreaking partnership with i4F Patents & Technologies, marking a significant milestone in our journey towards revolutionizing the home improvement industry! https://globenewswire.com/news-release/2024/04/10/2860695/0/en/Northann-Corp-Announces-Cross-Licensing-Agreement-with-I4F-for-Digital-Printing-Technology.html
$NCL Northann Corp.’s New 3-D Printing Ecosystem Products Receive “Best of” Innovation Awards at TISE2024
https://axecapitalusa.com/ncl/
$NCL News: Northann Corp.'s Benchwick Brand to Showcase SuperOak Hybrid Wood Planks Alongside Blue11 Collection at NWFA in New Orleans, April 16-18, 2024
Wed, April 17, 2024 at 8:00 AM EDT
In this article: Northann Corp., NCL +3.35%
ELK GROVE, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Northann Corp. (NYSE American: NCL) today announced that its Benchwick brand will unveil its latest patented innovation, SuperOak Hybrid Wood Planks, before showcasing its award-winning Blue11 Collection, at the National Wood Flooring Association (NWFA) Expo in New Orleans, April 16-18, 2024, at the New Orleans Ernest N. Morial Convention Center - Hall F & G.
Combining the natural beauty of wood with the durability and sustainability of modern materials, SuperOak Hybrid Wood Planks represent a breakthrough in flooring technology. The product will be in stock across the U.S. starting in May, ensuring customers have access to this revolutionary flooring solution.
"We are thrilled to introduce our Benchwick SuperOak Hybrid Wood Planks, as well as showcase our award-winning Blue11 Collection, at NWFA," said Lin Li, CEO and President of Northann Corp. "SuperOak demonstrates our dedication to pushing the boundaries of flooring technology."
Attendees of NWFA are invited to visit Northann at booth number 2219 to explore the SuperOak and Blue11 Collection and learn more about Benchwick's cutting-edge flooring solutions.
For more information about Northann Corp. and its Benchwick brand, visit www.northann.com.
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann, please visit www.northann.com.
Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor New York, NY, 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
$NCL .498 +4.48% Northann Corp. inks cross-licensing agreement with I4F who provides patents and technologies to the flooring industry.
https://www.benzinga.com/markets/equities/24/04/38184285/printing-the-future-northann-and-i4f-forge-cross-license-deal
$NCL Northann Corp .5196 +3.28% closing the week strong!
$NCL Northann Corp.’s New 3-D Printing Ecosystem Products Receive “Best of” Innovation Awards at TISE2024 https://axecapitalusa.com/ncl/
$NCL .51 +.02 .5249 HOD on news. #3D Printing is The Future: Northann And I4F Forge Cross-License Deal $NCL https://www.benzinga.com/markets/equities/24/04/38184285/printing-the-future-northann-and-i4f-forge-cross-license-deal via @Benzinga
$NCL News: Northann Corp Announces Cross-Licensing Agreement with I4F for Digital Printing Technology
April 10 2024 - 08:00AM
Northann Corp. (NYSE American: NCL), a leading innovator in 3D-printed home improvement solutions, is pleased to announce a strategic cross-licensing agreement with I4F, a group of companies providing patents and technologies to the flooring industry.
This agreement solidifies a collaborative effort between the two companies to enhance their respective offerings in the digital printing space. Northann Corp's commitment to innovation and quality aligns perfectly with I4F's expertise in digital printing technology, creating a synergy that promises exciting advancements in the flooring industry.
"Intellectual property should not be a barrier to technological and industry advancements; it should be a catalyst for continuous innovation for humanity and the industry as a whole," said Lin Li, CEO of Northann Corp. "Our cross-license agreement with I4F is designed to further democratize this technology and help I4F's digital printing licensees greatly reduce manufacturing costs and entry barriers. After this cross-license agreement, Northann Corp will manufacture its 3D printing ecosystem with digital printing production lines in the United States, drastically reducing production costs, and further solidifying Northann’s foothold within the industry."
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann, please visit www.northann.com.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor Relations
Northann Corp.
Email: ir@northann.com
Phone: +1 (916) 573-3803
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY, 10036
Office: (646) 893-5835 x2
Email: info@skylineccg.com
Good morning $NCL huge news!
$NCL Northann Corp.’s New 3-D Printing Ecosystem Products Receive “Best of” Innovation Awards at TISE2024! Invest in Northann Corp to be part of a transformative journey towards a greener, more technologically advanced future. https://axecapitalusa.com/ncl/
$NCL .509 +1.18% Heading into power hour. Nice #bullish move today.
Northann Corp (NYSE American: NCL) About Northann Corp. - Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
$NCL - Northann Corp Announces Plan of Strategic Relocation of Corporate Headquarters
MAR 14, 2024 9:05AM EDT
ELK GROVE, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Northann Corp (NYSE American: NCL) (“Northann” or the “Company”), a leading innovator in 3D-printed home improvement solutions, is excited to announce its plan of the relocation of its corporate headquarters to the American South. This strategic move is aligned with the Company's forward-looking vision and commitment to enhancing its market presence and customer engagement in that region.
The new headquarters will serve as a central hub for Northann Corp's operations, intended to foster innovation and collaboration among its teams. Our relocation was carefully selected for its proximity to key markets and customers, enabling the Company to respond to and service more effectively the evolving needs of its clientele and to seize new business opportunities.
"We are thrilled about this significant milestone in Northann's journey," said Lin ‘Ken’ Li, CEO of Northann. “Relocating to the south is not just a change of address; the new facility will be functionally integrated with innovation, manufacturing, and distribution, enabling the company to convert innovation and technology into consumer products more effectively. The move is a strategic decision that positions us closer to our customers and aligns with our strategy for growth and innovation. We are confident that this move will strengthen our ability to serve our clients and partners more efficiently and effectively.”
It is expected to create 300 jobs and integrate the 3D printing ecosystem into the middle and consumer markets more prospectively. Additionally, the relocation will help commercialize Northann's latest innovations to customers more swiftly and speed up the update of new products. The transition to the new headquarters will commence in April 2024 and is expected to be a smooth and seamless move expected to be completed by June 2024.
After the relocation of the headquarters, Northann will continue to maintain its branch in California, ensuring ongoing support and service to its clients in the region.
About Northann Corp.
Northann specializes in 3D-printed flooring solutions under its flagship brand, "Benchwick." The Company's operations span the full spectrum of additive manufacturing, from sourcing recycled ocean plastics to the final production of intricate flooring designs. Northann offers its 3D printing ecosystem as an extensive range of proprietary solutions, including Infinite Glass, DSE, TruBevel, and MattMaster, primarily through its sales network in North America and Europe. The Company aims to redefine the essence of modern flooring and wall panels by offering stylish, durable, and ecologically conscious solutions.
For more information about Northann , please visit www.northann.com.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For investor and media inquiries, please contact:
Investor RelationsNorthann Corp.Email: ir @windseye
Skyline Corporate Communications Group, LLCScott Powell, President1177 Avenue of the Americas, 5th Floor
New York, NY, 10036Office: (646) 893-5835 x2Email: info@skylineccg.com
COMPANY UPDATES:
Northann Corp
May 21, 2024
Elk Grove, CA, May 22, 2024 – Northann Corp. (NYSE American: NCL), a leading innovator in 3D printing technology for home improvement products, announced its financial results for the first quarter ending March 31, 2024. The company reported substantial growth in revenues and significant progress in cost management and debt reduction.
Financial Highlights:
- Revenue: Northann Corp. reported revenues of $4.6 million for Q1 2024, a notable increase of 68% from $2.7 million in the same period of 2023. This growth reflects strong demand for the company’s advanced flooring solutions.
- Gross Profit: Gross profit for the quarter was $1.54 million, up by 24% from $1.25 million in Q1 2023, driven by higher sales volumes and efficient cost management.
- Net Income: Net income for the quarter was $60,035, compared to $185,466 in the prior year’s first quarter, representing a decrease of 68%. The decline in net income is primarily due to increased investments in research and development and higher interest expenses.
- Operating Expenses: Total operating expenses were $1.22 million, up by 42% from $853,830 in Q1 2023. The increase is attributed to expanded R&D efforts and administrative costs.
Operational and Strategic Highlights:
- Debt Reduction: The company successfully reduced its total liabilities to $12.52 million from $13.04 million at the end of 2023, a decrease of 4%. This includes a significant repayment of bank borrowings, contributing to a stronger balance sheet.
- Liquidity: As of March 31, 2024, Northann Corp. maintained a strong liquidity position with $593,934 in cash and cash equivalents?
- Product Development: Continued investment in R&D, with expenses rising to $512,597 in Q1 2024, up by 71% from $300,212 in the same period last year, reinforcing the company’s commitment to innovation.
CEO’s Statement:
"We are pleased with our robust performance in the first quarter, reflecting our team’s dedication and the growing market acceptance of our cutting-edge 3D printed flooring solutions," said Lin Li, CEO of Northann Corp. "Our strategic focus on innovation,cost management and client-oriented vision has positioned us well for sustained growth. We remain committed to enhancing shareholder value through continued operational excellence and financial discipline."
Looking Forward:
Northann Corp. continues to focus on expanding its product offerings and market reach while maintaining financial prudence. The company is optimistic about its growth prospects for the remainder of 2024, supported by ongoing product innovation and strong market demand.
Recent News...
Northann Corp Enters Strategic Relationship with Rexil Group of Companies Netherlands to Promote Sustainable Technology and Products
Northann Corp. (NYSE: NCL) is thrilled to announce a strategic relationship that's set to elevate sustainable technology& products to new heights!
In a landmark collaboration, NCL joins forces with Golden Gate BCE B.V., a subsidiary of Rexil Group.
DISCLAIMER:
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities.
The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned.
Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
No stock exchange has approved or disapproved of the information here.
