Nortech Systems Incorporated

NSYS

NSYSNortech Systems Incorporated US flag

NASDAQ Capital Market

16.55

USD

-0.83

- -

46.25MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	114	107	111	112	115	117	112	113	116	104	115	134	139	128	118
+ Sales & Services Revenue	114	107	111	112	115	117	112	113	116	104	115	134	139	128	118
- Cost of Revenue	101	95	98	99	103	103	100	100	104	94	99	114	116	111	100
+ Cost of Goods & Services	101	95	98	99	103	103	100	100	104	94	99	114	116	111	100
Gross Profit	13	12	13	13	12	14	12	13	13	10	16	20	23	17	18
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	12	11	12	12	12	13	13	12	12	12	13	17	17	16	17
+ Selling, General & Admin	12	11	12	12	12	13	13	12	12	12	12	15	16	15	16
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	2	1	1	1	- -	1	-1	1	- -	-2	3	4	6	- -	1
- Non-Operating (Income) Loss	- -	1	- -	- -	- -	1	1	1	1	-1	-5	- -	- -	1	1
+ Interest Expense, Net	1	- -	- -	- -	- -	1	1	1	1	1	- -	- -	- -	1	1
+ Interest Expense	1	- -	- -	- -	- -	1	1	1	1	1	- -	- -	- -	1	1
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-1	- -	- -	- -	- -	- -	1	- -	- -	-1	-5	- -	- -	1	- -
Pretax Income	2	1	1	1	-1	- -	-2	- -	-1	-1	8	3	5	-1	- -
- Income Tax Expense (Benefit)	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	-1	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	1	1	1	-1	- -	-2	- -	-1	-2	7	2	7	-1	- -
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1	1	1	1	-1	- -	-2	- -	-1	-2	7	2	7	-1	- -
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1	1	1	1	-1	- -	-2	- -	-1	-2	7	2	7	-1	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	1	1	1	-1	- -	-2	- -	-1	-2	7	2	7	-1	- -
EBIT	2	1	1	1	- -	1	-1	1	- -	-2	3	4	6	- -	1
EBITDA	4	3	3	3	2	3	2	3	2	- -	5	6	8	2	3
EBITDA Margin (%)	3.11	3.11	3.12	3	1.59	2.51	1.59	3.03	2.1	0.13	4.31	4.32	5.74	1.65	2.14
EBITA	2	1	1	1	- -	1	-1	1	- -	-2	3	4	6	- -	1
Gross Margin (%)	11.68	11.59	11.81	11.9	10.47	11.87	10.79	11.74	10.81	9.28	13.77	15.27	16.58	13.05	15.21
Operating Margin (%)	1.32	1.37	1.31	1.19	-0.37	0.54	-0.64	1.1	0.19	-1.98	2.62	2.89	4.27	0.29	1.05
Profit Margin (%)	1.04	0.59	0.71	0.79	-0.5	0.04	-2.18	0.15	-1.06	-1.49	6.21	1.5	4.93	-1.01	-0.21
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	2	2	2	2	2	2	3	2	2	2	2	2	2	2	1
Basic Weighted Avg Shares	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Basic EPS, GAAP	0.43	0.23	0.29	0.32	-0.21	0.02	-0.89	0.06	-0.46	-0.58	2.68	0.75	2.53	-0.47	-0.09
Basic EPS from Cont Ops	0.43	0.23	0.29	0.32	-0.21	0.02	-0.89	0.06	-0.46	-0.58	2.68	0.75	2.53	-0.47	-0.09
Diluted Weighted Avg Shares	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Diluted EPS, GAAP	0.43	0.23	0.29	0.32	-0.21	0.02	-0.89	0.06	-0.46	-0.58	2.54	0.7	2.38	-0.47	-0.09
Diluted EPS from Cont Ops	0.43	0.23	0.29	0.32	-0.21	0.02	-0.89	0.06	-0.46	-0.58	2.54	0.7	2.38	-0.47	-0.09

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	37	33	35	37	40	39	38	46	43	41	52	55	59	55	56
+ Cash, Cash Equivalents & STI	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	2
+ Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	2
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	17	14	16	18	19	18	17	27	26	22	28	29	34	29	32
+ Accounts Receivable, Net	17	14	16	17	18	17	17	20	19	16	20	16	19	15	17
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	6	8	6	9	13	14	14	15
+ Inventories	19	18	17	19	20	21	19	17	14	14	19	22	22	22	21
+ Raw Materials	13	13	12	13	14	15	14	17	15	15	18	22	21	21	21
+ Work In Process	3	3	3	4	5	4	3	1	- -	1	2	1	1	1	1
+ Finished Goods	4	3	3	3	2	3	2	- -	- -	- -	1	1	1	1	1
+ Inventory Adjustments	-1	-1	-1	-1	-1	-1	-1	-1	-1	-2	-1	-1	-1	-1	-2
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	1	1	1	1	1	2	2	5	3	3	2	4	2
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	9	12	11	11	16	16	14	14	18	17	15	15	16	17	16
+ Property, Plant & Equip, Net	9	12	11	11	11	10	10	10	14	15	15	14	13	14	12
+ Property, Plant & Equip	25	29	30	32	33	35	36	38	44	45	39	39	40	42	37
- Accumulated Depreciation	16	17	19	21	23	25	26	28	30	30	24	25	27	27	25
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	6	6	4	4	4	1	1	- -	3	3	4
+ Total Intangible Assets	- -	- -	- -	- -	5	5	4	4	4	1	1	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	3	3	2	2	2	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	2	2	2	2	1	1	1	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	1	- -	- -	- -	- -	- -	- -	3	3	3
Total Assets	47	45	46	49	57	56	52	60	61	58	67	70	75	72	72
+ Payables & Accruals	14	12	11	13	18	19	17	24	20	17	21	21	21	15	16
+ Accounts Payable	11	9	8	9	13	14	12	18	14	11	13	15	16	12	13
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	3	3	3	4	5	5	5	6	6	6	8	7	5	3	3
+ ST Debt	11	8	8	1	1	2	1	1	2	3	2	2	1	1	9
+ ST Borrowings	11	8	8	1	1	2	1	1	- -	1	- -	- -	- -	- -	7
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1	1	2	2	1	1	2
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	4	5	5
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	4	5	5
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	25	20	19	13	20	20	18	25	22	20	22	26	27	21	30
+ LT Debt	1	3	4	12	14	12	14	14	19	19	19	15	13	17	7
+ LT Borrowings	1	3	4	12	14	12	13	13	13	9	9	7	6	9	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	1	1	6	10	10	8	7	8	7
+ Other LT Liabilities	- -	- -	1	- -	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	1	3	5	12	15	13	14	14	19	19	19	15	13	17	8
Total Liabilities	26	23	24	26	34	33	32	39	41	39	41	41	40	38	37
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	16	16	16	16	16	16	16	16	16	16	16	16	17	17	18
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	16	16	16	16	16	16	16	16	16	16	16	16	17	17	18
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	5	5	6	7	6	6	4	5	4	3	10	12	19	17	17
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	-1
Equity Before Minority Interest	21	21	22	23	22	22	20	21	20	19	26	28	35	34	35
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	21	21	22	23	22	22	20	21	20	19	26	28	35	34	35
Total Liabilities & Equity	47	45	46	49	57	56	52	60	61	58	67	70	75	72	72
Shares Outstanding	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	2	1	7	11	11	10	8	9	9
Net Debt	11	11	12	13	15	14	13	13	13	10	8	6	5	8	5
Net Debt to Equity	55.93	53.19	55.23	55.8	67.98	60.52	67.52	62.53	66.88	53.66	31.85	20.75	13.74	22.7	15.47
Tangible Common Equity Ratio	43.22	46.86	47.07	46.4	32.57	33.59	32.23	30.22	27.75	30.63	38.08	39.65	46.53	46.47	47.57
Current Ratio	1.49	1.62	1.8	2.79	2.05	1.94	2.09	1.84	1.95	2.1	2.32	2.08	2.21	2.58	1.88
Cash Conversion Cycle	76.35	82.67	81.9	89.44	86.82	80.97	80.3	69.92	57.57	65.42	75.66	72.83	66.86	74.51	81.35

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	1	1	1	1	-1	- -	-2	- -	-1	-2	7	2	7	-1	- -
+ Depreciation & Amortization	2	2	2	2	2	2	3	2	2	2	2	2	2	2	1
+ Non-Cash Items	- -	- -	- -	- -	- -	- -	- -	- -	1	-1	-6	- -	-2	1	- -
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	-1
+ Asset Impairment Charge	-1	- -	- -	- -	- -	- -	1	- -	- -	2	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	-1	- -	1	-3	-6	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	-4	2	-3	-2	2	1	1	- -	-1	1	-7	1	-5	-3	1
+ (Inc) Dec in Accts Receiv	1	3	-3	-2	-1	1	1	-3	1	4	-7	- -	-6	5	-3
+ (Inc) Dec in Inventories	-3	1	- -	-1	-2	- -	2	-4	2	- -	-5	-3	1	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	-1	- -	- -	- -	-1	1	- -	- -	- -	-2	2
+ Inc (Dec) in Accts Payable	-2	-2	- -	1	5	1	-2	7	-3	-3	4	3	- -	-7	2
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-1	5	- -	2	3	4	1	2	1	1	-5	5	2	-2	3
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	1	- -	- -	6	1	- -	- -	- -	1
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	1	- -	- -	6	1	- -	- -	- -	1
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-4	-1	-2	-2	-2	-1	-1	-1	-1	-1	-2	-1	-1	-1
+ Acq of Fixed Prod Assets	-1	-4	-1	-2	-2	-2	-1	-1	-1	- -	-1	-2	-1	-1	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-2	- -	- -	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-2	- -	- -	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3	-4	-1	-2	-4	-2	- -	-1	-1	6	-1	-2	-1	-1	- -
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	7	-2	- -	1	- -	-1	- -	-1	-1	3	4	-3	-1	3	-2
+ Cash From Debt	9	2	2	2	2	- -	6	1	- -	6	110	119	125	130	102
+ Repayments of Debt	-2	-3	-2	-1	-2	-2	-6	-1	-1	-3	-106	-122	-126	-127	-104
+ Other Financing Activities	-4	1	1	-1	- -	- -	- -	- -	1	-7	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	3	- -	1	1	- -	-1	- -	-1	-1	-4	4	-3	-1	3	-2
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	- -	- -	- -	- -	- -	1	- -	- -	3	-1	- -	-1	-1	1
EBITDA	4	3	3	3	2	3	2	3	2	- -	5	6	8	2	3
EBITDA Margin (%)	3.11	3.11	3.12	3	1.59	2.51	1.59	3.03	2.1	0.13	4.31	4.32	5.74	1.65	2.14
Free Cash Flow	-2	- -	-1	-1	2	2	- -	1	- -	1	-6	3	- -	-4	2
Net Cash Paid for Acquisitions	2	- -	- -	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	-2	- -	-1	- -	- -	2	- -	1	- -	- -	-6	3	- -	- -	-20
Free Cash Flow to Equity	5	-1	-1	1	2	- -	1	- -	-1	10	-1	- -	-1	-1	1
Free Cash Flow per Basic Share	-0.78	0.07	-0.34	-0.22	0.62	0.57	-0.04	0.39	0.09	0.32	-2.21	1.1	0.18	-1.28	0.75
Price/Free Cash Flow	21.73	0.91	10.17	4.15	2.11	1.95	6.12	2.49	7.4	10.13	-9.17	4.52	8.9	-28.93	6.06
Cash Flow to Net Income	-0.73	7.34	0.35	1.8	-5.92	80.74	-0.33	14.72	-0.81	-0.88	-0.63	2.69	0.26	1.74	-10.88
Capital Expenditures	-1	-4	-1	-2	-2	-2	-1	-1	-1	-1	-1	-2	-1	-1	-1