NORTECH SYSTEMS INC NSYS

Technology SIC 3679 - Electronic Components, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Other Electronic Component Manufacturing derived Nasdaq

Systems Incorporated, ("the Company", "we", "our") organized in 1990, is a provider of engineering

design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies and components headquartered

in Maple Grove, Minnesota, a suburb of Minneapolis, Minnesota. We maintain facilities and operations in Minnesota in the United States;

of US Dollars.

Last close 10.30 2026-10-23
Market cap $29.4M 2026-06-30 share count
52-week range 6.50 - 18.01

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF14.1x
EV/EBITDA13.1x
Dividend yield—
Diluted EPS-0.09

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $118.4M$128.1M$139.3M$134.1M$115.2M$104.1M$116.3M$113.4M$112.3M$116.6M
Cost of revenue $100.4M$111.4M$116.2M$113.6M$99.3M$94.4M$103.8M$100.1M$100.2M$102.8M
Gross profit $18.0M$16.7M$23.1M$20.5M$15.9M$9.7M$12.6M$13.3M$12.1M$13.8M
R&D $1.2M$1.2M$1.2M$1.5M$483.0K$0————
SG&A $10.8M$11.7M$12.4M$11.4M$10.0M$9.3M$9.6M$8.4M$8.1M$8.3M
Total operating expenses $17.0M$16.9M$17.2M$16.6M$13.6M$10.3M$12.4M$12.1M$13.4M$13.2M
Operating income $975.0K-$195.0K$6.0M$3.9M$2.3M-$616.0K$224.0K$1.2M-$1.3M$629.1K
Interest expense $964.0K$744.0K$487.0K$411.0K$430.0K$620.0K$1.0M$757.0K$628.0K$550.3K
Pre-tax income $11.0K-$939.0K$5.5M$3.5M$8.0M-$1.2M-$819.0K$492.0K-$2.1M$78.8K
Income tax $263.0K$356.0K$1.4M$1.5M$859.0K$310.0K$409.0K$326.0K$375.0K$35.0K
Net income -$252.0K-$1.3M$6.9M$2.0M$7.2M-$1.5M-$1.2M$166.0K-$2.4M$43.8K
EPS, basic -0.09-0.472.530.752.68-0.58-0.460.06-0.890.02
EPS, diluted -0.09-0.472.380.702.54-0.58-0.460.06-0.890.02
Shares, diluted (wtd. avg.) 2.8M2.8M2.9M2.9M2.8M2.7M2.7M2.7M2.7M2.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.7M$916.0K$960.0K$1.0M$643.0K$352.0K$351.0K$947.0K$779.0K$268.0K
Receivables $17.0M$14.9M$19.3M$16.0M$14.5M$15.6M$18.6M$20.1M$17.4M$17.3M
Inventory $20.7M$21.6M$21.7M$22.4M$19.4M$13.9M$14.3M$17.0M$18.5M$20.7M
Total current assets $56.1M$55.3M$58.8M$54.9M$51.8M$41.0M$43.3M$45.9M$37.8M$39.5M
Property, plant and equipment $5.2M$6.2M$6.5M$6.4M$5.8M$6.4M$9.6M$10.2M$10.2M$10.3M
Goodwill ——————$2.4M$2.4M$2.4M$3.3M
Other intangibles $71.0K$89.0K$263.0K$422.0K$501.0K$1.2M$1.3M$1.5M$1.7M$1.9M
Total assets $71.9M$72.4M$75.1M$69.5M$67.1M$57.6M$61.4M$60.0M$52.1M$55.5M
Accounts payable $12.8M$11.6M$15.9M$14.8M$12.7M$11.2M$14.0M$18.1M$11.7M$13.8M
Short-term debt ————$0$1.2M$444.0K$780.0K$1.0M$1.6M
Total current liabilities $29.8M$21.4M$26.6M$26.4M$22.3M$19.5M$22.2M$24.9M$18.0M$20.3M
Long-term debt —————$5.9M$3.2M$3.6M$4.4M$4.9M
Total liabilities $37.4M$38.4M$39.8M$41.5M$41.0M$38.9M$41.4M$38.9M$32.3M$33.2M
Retained earnings $17.1M$17.4M$18.7M$11.8M$9.8M$2.7M$4.2M$5.4M$3.9M$6.3M
Total equity $34.5M$34.0M$35.3M$28.1M$26.1M$18.7M$20.0M$21.1M$19.8M$22.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.7M-$2.2M$1.8M$5.4M-$4.5M$1.4M$997.0K$2.4M$806.0K$3.5M
Depreciation and amortisation $1.3M$1.6M$1.9M$1.8M$1.8M$2.0M$1.9M$1.9M$2.2M$2.1M
Stock-based compensation $503.0K$461.0K$423.0K$334.0K$111.0K$68.0K$261.0K$126.0K$43.0K$994
Capital expenditure $661.0K$1.3M$1.3M$2.4M$1.3M$485.0K$719.0K$1.4M$813.0K$2.0M
Investing cash flow -$157.0K-$1.3M-$1.3M-$2.4M-$730.0K$5.5M-$758.0K-$1.4M-$258.0K-$2.0M
Financing cash flow -$1.9M$2.8M-$1.3M-$2.7M$3.9M-$4.0M-$525.0K-$889.0K-$38.0K-$1.4M
Buybacks ——————$130.0K$276.0K$30.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-016795.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -50M 0 50M 100M 150M Revenue, FY2016: 116.6M Gross profit, FY2016: 13.8M Net income, FY2016: 43.8K Revenue, FY2017: 112.3M Gross profit, FY2017: 12.1M Net income, FY2017: -2.4M Revenue, FY2018: 113.4M Gross profit, FY2018: 13.3M Net income, FY2018: 166K Revenue, FY2019: 116.3M Gross profit, FY2019: 12.6M Net income, FY2019: -1.2M Revenue, FY2020: 104.1M Gross profit, FY2020: 9.7M Net income, FY2020: -1.5M Revenue, FY2021: 115.2M Gross profit, FY2021: 15.9M Net income, FY2021: 7.2M Revenue, FY2022: 134.1M Gross profit, FY2022: 20.5M Net income, FY2022: 2M Revenue, FY2023: 139.3M Gross profit, FY2023: 23.1M Net income, FY2023: 6.9M Revenue, FY2024: 128.1M Gross profit, FY2024: 16.7M Net income, FY2024: -1.3M Revenue, FY2025: 118.4M Gross profit, FY2025: 18M Net income, FY2025: -252K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $116.6M $112.3M $113.4M $116.3M $104.1M $115.2M $134.1M $139.3M $128.1M $118.4M
Gross profit $13.8M $12.1M $13.3M $12.6M $9.7M $15.9M $20.5M $23.1M $16.7M $18.0M
Net income $43.8K -$2.4M $166.0K -$1.2M -$1.5M $7.2M $2.0M $6.9M -$1.3M -$252.0K

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement signed Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3679

TickerCompanyMarket capP/ERevenue growth
VRT Vertiv Holdings Co $74.81B 57.0x 27.7%
AEIS ADVANCED ENERGY INDUSTRIES INC $8.68B 56.4x 21.4%
VICR VICOR CORP $8.00B 67.4x 13.5%
PI IMPINJ INC $5.10B — -1.4%
VREX Varex Imaging Corp $775.5M — 4.1%
MPTI M-tron Industries, Inc. $283.4M 24.9x 11.0%
ESP ESPEY MFG & ELECTRONICS CORP $155.8M 17.2x -90.5%
LGL LGL GROUP INC $85.1M 61.4x 10.2%