Nortech Systems Incorporated (NSYS)

Nasdaq: NSYS · Electronic Components, NEC · Maple Grove, MN · filing with the SEC since 1996

Grade3.9

◀ Past 5.6● Present 3.8▶ Future 2.4

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 26, 2026	Mar 31, 2025	Mar 20, 2024	Mar 17, 2023	Mar 17, 2022	Mar 23, 2021	Mar 19, 2020	Apr 1, 2019	Mar 27, 2018	Mar 8, 2017
Revenue	118,365,000	128,133,000	139,332,000	134,123,000	115,168,000	104,106,000	116,333,000	113,370,000	112,335,000	116,621,719
Cost of revenue	100,359,000	111,411,000	116,228,000	113,643,000	99,304,000	94,441,000^r	103,757,000	100,059,000	100,217,000^r	102,781,469
Gross profit	18,006,000	16,722,000	23,104,000	20,480,000	15,864,000	9,665,000^r	12,576,000	13,311,000	12,118,000^r	13,840,250
Research and development	1,172,000	1,191,000	1,199,000	1,463,000	483,000	0	·	·	·	·
General and administrative	10,790,000	11,709,000	12,354,000	11,425,000	10,002,000	9,253,000^r	9,629,000	8,433,000	8,086,000^r	8,260,861^r
Total operating expenses	17,031,000	16,917,000	17,151,000	16,592,000	13,592,000	10,281,000^r	12,352,000	12,062,000	13,386,000^r	13,211,187
Operating income	975,000	-195,000	5,953,000	3,888,000	2,272,000	-616,000	224,000	1,249,000	-1,268,000^r	629,063
Interest expense	964,000	744,000	487,000	411,000	430,000	620,000	1,043,000	757,000	628,000^r	550,289
Total non-operating income (expense)	·	·	-487,000	-411,000	5,741,000	-620,000	·	·	·	·
Income before income taxes	11,000	-939,000	5,466,000	3,477,000	8,013,000	-1,236,000	-819,000	492,000	-2,071,000^r	78,774
Income tax expense	263,000	356,000	-1,408,000	1,467,000	859,000	310,000	409,000	326,000	375,000	35,000
Net income including non-controlling interests	·	·	·	·	·	·	·	166,000	-2,446,000^r	43,774
Net income	-252,000	-1,295,000	6,874,000	2,010,000	7,154,000	-1,546,000	-1,228,000	166,000	-2,446,000^r	43,774
Earnings per share, basic	-0.09	-0.47	2.53	0.75	2.68	-0.58	-0.46	0.06	-0.89	0.02
Earnings per share, diluted	-0.09	-0.47	2.38	0.70	2.54	-0.58	-0.46	0.06	-0.89	0.02
Weighted average shares, basic	2,776,680	2,755,041	2,722,135	2,685,378	2,664,586	2,657,738	2,665,165	2,692,382	2,745,602	2,747,424
Weighted average shares, diluted	2,776,680	2,755,041	2,885,879	2,891,285	2,821,523	2,657,738	2,665,165	2,699,614	2,745,602	2,749,545

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton NSYS · research, not advice