Nortech Systems Inc (NSYS) Financial Statements
Industry: Electronic Components (Other)
In fiscal 2025, Nortech Systems reported revenue of $118.4M, up 723.6% from $14.4M the year before. Net income was -$252,000 (a -0.2% net margin), or -$0.09 per diluted share. Gross margin was 15.2% and operating margin was 0.8%. Operating activities generated $2.7M of cash, leaving $2.1M of free cash flow. At fiscal year end, Nortech Systems held $71.9M in total assets against $37.4M in total liabilities, including $1.7M of cash and equivalents.
Open the full interactive Nortech Systems financials → Quarterly statements, key ratios, valuation history and price charts.
Nortech Systems Key Stats
| Share Price | $11.01 |
|---|---|
| Market Cap | $33.0M |
| Revenue YoY Growth | +723.6% |
| 52-Week Range | $6.80 – $17.66 |
| Shares Outstanding | 2.8 million (basic, 2026 Q2) |
Nortech Systems Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $104.1M | $115.2M | $134.1M | $139.3M | $14.4M | $118.4M |
| Cost of Goods Sold | $95.7M | $99.3M | $113.6M | $116.2M | $111.4M | $100.4M |
| Gross Profit | $8.5M | $15.9M | $20.5M | $23.1M | $16.7M | $18.0M |
| Operating Income | -$616,000 | $2.3M | $3.9M | $6.0M | -$195,000 | $975,000 |
| Pre-Tax Income | -$1.2M | $8.0M | $3.5M | $5.5M | -$939,000 | $11,000 |
| Income Tax | $310,000 | $859,000 | $1.5M | -$1.4M | $356,000 | $263,000 |
| Net Income | -$1.5M | $7.2M | $2.0M | $6.9M | -$1.3M | -$252,000 |
| Diluted EPS | -$0.58 | $2.54 | $0.70 | $2.38 | -$0.47 | -$0.09 |
Nortech Systems Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $30.5M | $43.8M | $11.8M | $33.5M |
| Net Income | -$146,000 | $897,000 | -$34,000 | $316,000 |
| Diluted EPS | -$0.05 | $0.32 | -$0.01 | $0.11 |
Nortech Systems Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $352,000 | $643,000 | $1.0M | $960,000 | $916,000 | $1.7M |
| Current Assets | $41.0M | $51.8M | $54.9M | $58.8M | $55.3M | $56.1M |
| Total Assets | $57.6M | $67.1M | $69.5M | $75.1M | $72.4M | $71.9M |
| Current Liabilities | $19.5M | $22.3M | $26.4M | $26.6M | $21.4M | $29.8M |
| Total Long-Term Debt | $7.1M | $9.0M | $6.9M | $5.8M | $8.6M | — |
| Total Liabilities | $38.9M | $41.0M | $41.5M | $39.8M | $38.4M | $37.4M |
| Shareholders' Equity | $18.7M | $26.1M | $28.1M | $35.3M | $34.0M | $34.5M |
Nortech Systems Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.4M | -$4.5M | $5.4M | $1.8M | -$2.2M | $2.7M |
| Cash From Investing | $5.5M | -$730,000 | -$2.4M | -$1.3M | -$1.3M | -$157,000 |
| Cash From Financing | -$4.0M | $3.9M | -$2.7M | -$1.3M | $2.8M | -$1.9M |
| Free Cash Flow | $878,000 | -$5.8M | $3.0M | $485,000 | -$3.5M | $2.1M |
Figures from Nortech Systems' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Nortech Systems financials page for every line item.
Nortech Systems Company Profile
| Ticker | NSYS |
|---|---|
| Exchange | Nasdaq |
| Industry | Electronic Components (Other) |
| Headquarters | Maple Grove, Minnesota |
| Incorporated in | Minnesota |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000722313 |
Frequently Asked Questions
What was Nortech Systems' revenue in fiscal 2025?
Nortech Systems (NSYS) reported revenue of $118.4M for fiscal 2025.
What is Nortech Systems' annual revenue history?
Nortech Systems' annual revenue by fiscal year: 2020: $104.1M; 2021: $115.2M; 2022: $134.1M; 2023: $139.3M; 2024: $14.4M; 2025: $118.4M.
What was Nortech Systems' net income in fiscal 2025?
Nortech Systems reported net income of -$252,000 for fiscal 2025.
What was Nortech Systems' earnings per share (EPS) in fiscal 2025?
Nortech Systems' diluted EPS was -$0.09 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Nortech Systems generate in fiscal 2025?
Nortech Systems generated $2.1M of free cash flow in fiscal 2025.
What was Nortech Systems' revenue last quarter?
In its most recent reported quarter (2026 Q2), Nortech Systems reported revenue of $33.5M.
How many shares of Nortech Systems are outstanding?
Nortech Systems reported a weighted average of 2.8 million basic shares outstanding in 2026 Q2.
What is Nortech Systems' market cap?
Based on its latest closing price, Nortech Systems (NSYS) has a market capitalization of about $33.0M.
When does Nortech Systems' fiscal year end?
Nortech Systems' fiscal year end, as registered with the SEC, is December 31.
Where is Nortech Systems headquartered?
Nortech Systems lists its business address in Maple Grove, Minnesota in its SEC filings.