Nortech Systems Incorporated (NSYS)

Nortech Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	128.13	139.33	134.12	115.17	104.11
Revenue Growth (YoY)	-8.04%	3.88%	16.46%	10.63%	-10.51%
Cost of Revenue	111.41	116.23	113.64	99.3	94.44
Gross Profit	16.72	23.1	20.48	15.86	9.67
Selling, General & Admin	15.16	15.95	15.14	12.36	11.73
Research & Development	1.19	1.2	1.46	0.48	-
Operating Expenses	16.35	17.15	16.61	12.85	11.73
Operating Income	0.38	5.95	3.87	3.02	-2.06
Interest Expense	-0.74	-0.49	-0.41	-0.43	-0.62
EBT Excluding Unusual Items	-0.37	5.47	3.46	2.59	-2.68
Merger & Restructuring Charges	-0.57	-	-	-0.33	-
Impairment of Goodwill	-	-	-	-	-2.38
Gain (Loss) on Sale of Assets	-	-	0.02	0.14	3.82
Asset Writedown	-	-	-	-0.56	-
Other Unusual Items	-	-	-	6.17	-
Pretax Income	-0.94	5.47	3.48	8.01	-1.24
Income Tax Expense	0.36	-1.41	1.47	0.86	0.31
Net Income	-1.3	6.87	2.01	7.15	-1.55
Net Income to Common	-1.3	6.87	2.01	7.15	-1.55
Net Income Growth	-	241.99%	-71.90%	-	-
Shares Outstanding (Basic)	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3
Shares Change (YoY)	-4.53%	-0.19%	2.47%	6.16%	-0.28%
EPS (Basic)	-0.47	2.53	0.75	2.68	-0.58
EPS (Diluted)	-0.47	2.38	0.70	2.54	-0.58
EPS Growth	-	240.00%	-72.44%	-	-
Free Cash Flow	-3.52	0.49	3.03	-5.83	0.88
Free Cash Flow Per Share	-1.28	0.17	1.05	-2.07	0.33
Gross Margin	13.05%	16.58%	15.27%	13.78%	9.28%
Operating Margin	0.29%	4.27%	2.89%	2.62%	-1.98%
Profit Margin	-1.01%	4.93%	1.50%	6.21%	-1.49%
Free Cash Flow Margin	-2.75%	0.35%	2.26%	-5.06%	0.84%
EBITDA	2.11	8	5.79	4.97	0.13
EBITDA Margin	1.65%	5.74%	4.32%	4.31%	0.13%
D&A For EBITDA	1.74	2.05	1.92	1.95	2.19
EBIT	0.38	5.95	3.87	3.02	-2.06
EBIT Margin	0.29%	4.27%	2.89%	2.62%	-1.98%
Effective Tax Rate	-	-	42.19%	10.72%	-
Advertising Expenses	0.08	0.08	0.06	0.06	0.04

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q