ADM Tronics Unlimited Inc
admtronics.comADM Tronics Unlimited Inc (OTCQB: ADMT) is a Northvale, New Jersey-based company that operates two distinct businesses: manufacturing and selling water-based chemical products, and providing engineering services for medical devices and electronics. Revenue comes from direct product sales of water-based primers, adhesives, coatings, and resins, as well as fee-for-service and project-based engineering, development, and regulatory work for unaffiliated customers. Customer concentration is material: two customers accounted for 48% of net revenue and 55% of accounts receivable for the fiscal year ended March 31, 2025. Products are distributed directly from the Northvale headquarters or through stocking distributors via common carrier. The company leases approximately 16,000 square feet of combined office, manufacturing, and warehouse space at a monthly rent of $8,906, with the lease expiring June 2028. As of March 31, 2025, there were 67,588,492 shares of common stock outstanding.
Products & Services
Water-based primers and adhesives for binding plastic films, metal foils, and papers; water-based coatings and resins for the printing industry; chemical additives; engineering, development, regulatory, and manufacturing services for medical devices, electronics, and other technologies.
Revenue Model
Two revenue streams: transactional sales of water-based chemical products (primers, adhesives, coatings, resins) sold directly or through distributors, and engineering services billed on a fee-for-service or project basis to customers in medical devices and electronics.
Customers & Markets
End markets include medical devices, electronics, printing, and flexible packaging. Two customers accounted for 48% of net revenue and 55% of accounts receivable as of and for the fiscal year ended March 31, 2025, indicating high customer concentration. Contract manufacturing customers and stocking distributors also form part of the customer base.
Geographic Exposure
Operations headquartered in Northvale, New Jersey. Products distributed from Northvale directly to customers or through distributors. No international geographic breakdown disclosed in the filing excerpts.
Financial Snapshot
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