Nortech Systems Incorporated (NSYS)

From the record

Nortech Systems Incorporated's filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2017-03-20) (its current reports).

From the record

Nortech Systems Incorporated's 9 filed years say what it did: revenue went from $112 million in fiscal 2017 to $118 million in fiscal 2025, up 0.7% a year; it rose in 5 of 8 years; the deepest fall was 15% from fiscal 2023 to fiscal 2025; net income was positive in 4 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Nortech Systems Incorporated's diluted share count shrank about 1.3% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Nortech Systems Incorporated lost about 1 cents for every dollar of shareholders' money, and gross profitability: its products earned about 25 cents per dollar of everything the company owns. Leverage: it owed about 52 cents per dollar of assets, and net share issuance: its share count grew 0.8% over the year (the filed statements).

From the record

Nortech Systems Incorporated's standing among 12 graded names in its industry family: revenue of $118 million in fiscal 2025 ranks in the top 50% by size; a net margin of -0.2% ranks in the bottom 38%; revenue growth of -4.1% a year over the last 3 filed years ranks in the bottom 14% (its annual reports).

From the record

Nortech Systems Incorporated's leadership, from its insiders' filings and its current reports: no one files under a chief executive's title, so that part is not read; the 5 officers and directors filing in the last fifteen months have been on the record a median of 5.5 years (bottom 39%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 5 people in charge now (bottom 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Nortech Systems Incorporated's room to grow, from the newest filed statements (fiscal 2025): cash of $2 million against no long-term debt tagged leaves 2.3% of its assets as net cash, bottom 38% of its family; cash from operations less capital spending is 1.8% of revenue (bottom 38%); a gross margin of 15.2% (bottom 25%); research spending of 1% of revenue (bottom 5%) (its annual report).

From the record

Nortech Systems Incorporated's growth drivers, from the filed years to fiscal 2025: revenue grew -4.1% a year over the last three filed years against 0.7% over all 9, slowing (bottom 23% of its family); the newest year grew -7.6% (bottom 21%); research spending grew -7.1% a year (bottom 5%); capital spending grew -34.7% a year (bottom 14%) (its annual reports). Nortech Systems Incorporated reported 4 product lines in fiscal 2025: Medical Imaging at $40 million (34%), Medical Device at $32 million (27%), Industrial at $31 million (26%), and 1 more; 1 of 4 grew against the year before (its annual report).

From the record

Nortech Systems Incorporated's newest year against its own record: revenue of $118 million in fiscal 2025 came in 5.5% below the $125 million its prior three years' pace pointed to (top 50% of its family); net income of $252 thousand against a prior three-year average of $3 million (bottom 13%); a net margin of -0.2% against 1.8% before (bottom 29%) (its annual reports).