Nortech Sys Inc Financials
This page shows Nortech Sys Inc (NSYS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Nortech Sys Inc has an operating margin of -0.1%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 4.3% the prior year.
Nortech Sys Inc's revenue declined 8% year-over-year, from $139.3M to $128.1M. This contraction results in a growth score of 6/100.
Nortech Sys Inc carries a low D/E ratio of 1.13, meaning only $1.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.58, Nortech Sys Inc holds $2.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 83/100.
While Nortech Sys Inc generated -$2.3M in operating cash flow, capex of $1.3M consumed most of it, leaving -$3.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Nortech Sys Inc passes 1 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Nortech Sys Inc generates $1.74 in operating cash flow (-$2.3M OCF vs -$1.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Nortech Sys Inc earns $-0.3 in operating income for every $1 of interest expense (-$195K vs $744K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Nortech Sys Inc generated $128.1M in revenue in fiscal year 2024. This represents a decrease of 8.0% from the prior year.
Nortech Sys Inc's EBITDA was $2.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 77.2% from the prior year.
Nortech Sys Inc generated -$3.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 825.8% from the prior year.
Nortech Sys Inc reported -$1.3M in net income in fiscal year 2024. This represents a decrease of 118.8% from the prior year.
Nortech Sys Inc earned $-0.47 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 119.7% from the prior year.
Nortech Sys Inc held $916K in cash against $0 in long-term debt as of fiscal year 2024.
Nortech Sys Inc had 3M shares outstanding in fiscal year 2024. This represents an increase of 0.8% from the prior year.
Nortech Sys Inc's gross margin was 13.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the prior year.
Nortech Sys Inc's operating margin was -0.1% in fiscal year 2024, reflecting core business profitability. This is down 4.4 percentage points from the prior year.
Nortech Sys Inc's net profit margin was -1.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.
Nortech Sys Inc invested $1.2M in research and development in fiscal year 2024. This represents a decrease of 0.7% from the prior year.
Nortech Sys Inc invested $1.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 1.1% from the prior year.
NSYS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.5M-0.6% | $30.7M+14.1% | $26.9M-6.0% | $28.6M-15.6% | $33.9M-0.9% | $34.2M-5.1% | $36.1M+8.0% | $33.4M |
| Cost of Revenue | $25.5M-1.5% | $25.8M+8.5% | $23.8M-7.7% | $25.8M-11.9% | $29.3M+1.8% | $28.8M-1.6% | $29.2M+4.2% | $28.1M |
| Gross Profit | $5.0M+3.9% | $4.8M+57.1% | $3.1M+9.1% | $2.8M-38.9% | $4.6M-15.3% | $5.4M-20.2% | $6.8M+28.4% | $5.3M |
| R&D Expenses | $266K-11.9% | $302K-7.4% | $326K+9.4% | $298K+2.4% | $291K-8.5% | $318K+8.9% | $292K-7.0% | $314K |
| SG&A Expenses | $2.6M+0.2% | $2.6M-11.2% | $2.9M+11.9% | $2.6M-12.6% | $3.0M-5.9% | $3.2M+4.8% | $3.0M+2.3% | $3.0M |
| Operating Income | $945K+27.4% | $742K+146.0% | -$1.6M-31.5% | -$1.2M-456.7% | $344K-70.2% | $1.2M-56.9% | $2.7M+138.2% | $1.1M |
| Interest Expense | $273K+6.2% | $257K+20.1% | $214K+9.2% | $196K+18.8% | $165K-1.2% | $167K+36.9% | $122K-6.2% | $130K |
| Income Tax | $818K+375.6% | $172K+133.7% | -$511K-1029.1% | $55K+150.0% | $22K-90.1% | $223K+112.4% | -$1.8M-743.7% | -$213K |
| Net Income | -$146K-146.6% | $313K+123.8% | -$1.3M+11.0% | -$1.5M-1041.4% | $157K-79.5% | $765K-82.4% | $4.4M+260.6% | $1.2M |
| EPS (Diluted) | $-0.05-141.7% | $0.12+125.0% | $-0.48+5.9% | $-0.51-1120.0% | $0.05-80.8% | $0.26-82.8% | $1.51+259.5% | $0.42 |
NSYS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $74.8M-0.1% | $74.8M+1.8% | $73.5M+1.5% | $72.4M-5.0% | $76.3M+1.1% | $75.5M+0.4% | $75.1M+13.9% | $66.0M |
| Current Assets | $59.2M+1.5% | $58.3M+1.7% | $57.3M+3.6% | $55.3M-6.5% | $59.2M+0.1% | $59.1M+0.5% | $58.8M+11.8% | $52.6M |
| Cash & Equivalents | $1.3M+94.9% | $652K-43.9% | $1.2M+26.9% | $916K-40.6% | $1.5M-61.7% | $4.0M+319.6% | $960K+37.3% | $699K |
| Inventory | $18.4M-1.1% | $18.6M-10.9% | $20.9M-3.4% | $21.6M-5.1% | $22.8M-0.7% | $23.0M+6.0% | $21.7M+0.9% | $21.5M |
| Accounts Receivable | $18.8M+5.6% | $17.8M+13.7% | $15.7M+5.3% | $14.9M-15.4% | $17.6M+9.5% | $16.1M-16.7% | $19.3M+20.8% | $16.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $41.4M-0.1% | $41.4M+1.8% | $40.7M+5.9% | $38.4M-4.2% | $40.1M+1.7% | $39.4M-0.8% | $39.8M+12.8% | $35.3M |
| Current Liabilities | $33.6M+55.5% | $21.6M+4.3% | $20.7M-3.3% | $21.4M-8.0% | $23.3M-9.4% | $25.7M-3.2% | $26.6M+14.6% | $23.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $33.4M-0.1% | $33.4M+1.7% | $32.8M-3.4% | $34.0M-5.9% | $36.1M+0.4% | $36.0M+1.9% | $35.3M+15.1% | $30.7M |
| Retained Earnings | $16.2M-0.9% | $16.4M+1.9% | $16.1M-7.6% | $17.4M-11.3% | $19.6M+0.8% | $19.4M+4.1% | $18.7M+30.4% | $14.3M |
NSYS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$92K-158.6% | $157K+105.4% | -$2.9M-469.5% | $793K+118.5% | -$4.3M-251.6% | $2.8M+786.4% | -$412K-121.7% | $1.9M |
| Capital Expenditures | $150K+51.5% | $99K-63.1% | $268K-7.6% | $290K+5.1% | $276K-62.9% | $744K+356.4% | $163K-1.2% | $165K |
| Free Cash Flow | -$242K-517.2% | $58K+101.8% | -$3.2M-735.8% | $503K+111.0% | -$4.6M-318.9% | $2.1M+462.4% | -$575K-133.1% | $1.7M |
| Investing Cash Flow | $345K+483.3% | -$90K+66.4% | -$268K+8.2% | -$292K-5.8% | -$276K+62.4% | -$735K-350.9% | -$163K+1.2% | -$165K |
| Financing Cash Flow | $360K+161.2% | -$588K-117.1% | $3.4M+532.9% | -$796K-138.5% | $2.1M+655.1% | $274K-75.2% | $1.1M+143.7% | -$2.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NSYS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.5%+0.7pp | 15.8%+4.3pp | 11.4%+1.6pp | 9.9%-3.8pp | 13.6%-2.3pp | 15.9%-3.0pp | 18.9%+3.0pp | 15.9% |
| Operating Margin | 3.1%+0.7pp | 2.4%+8.4pp | -6.0%-1.7pp | -4.3%-5.3pp | 1.0%-2.4pp | 3.4%-4.0pp | 7.4%+4.0pp | 3.4% |
| Net Margin | -0.5%-1.5pp | 1.0%+5.9pp | -4.9%+0.3pp | -5.2%-5.6pp | 0.5%-1.8pp | 2.2%-9.8pp | 12.1%+8.4pp | 3.6% |
| Return on Equity | N/A | 0.9% | N/A | N/A | 0.4%-1.7pp | 2.1%-10.2pp | 12.3%+8.4pp | 3.9% |
| Return on Assets | -0.2%-0.6pp | 0.4%+2.2pp | -1.8%+0.3pp | -2.0%-2.3pp | 0.2%-0.8pp | 1.0%-4.8pp | 5.8%+4.0pp | 1.8% |
| Current Ratio | 1.76-0.9 | 2.70-0.1 | 2.77+0.2 | 2.58+0.0 | 2.54+0.2 | 2.30+0.1 | 2.21-0.1 | 2.27 |
| Debt-to-Equity | 1.240.0 | 1.240.0 | 1.24+0.1 | 1.13+0.0 | 1.11+0.0 | 1.10-0.0 | 1.13-0.0 | 1.15 |
| FCF Margin | -0.8%-1.0pp | 0.2%+12.1pp | -11.9%-13.7pp | 1.8%+15.2pp | -13.5%-19.6pp | 6.1%+7.7pp | -1.6%-6.8pp | 5.2% |
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Frequently Asked Questions
What is Nortech Sys Inc's annual revenue?
Nortech Sys Inc (NSYS) reported $128.1M in total revenue for fiscal year 2024. This represents a -8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nortech Sys Inc's revenue growing?
Nortech Sys Inc (NSYS) revenue declined by 8% year-over-year, from $139.3M to $128.1M in fiscal year 2024.
Is Nortech Sys Inc profitable?
No, Nortech Sys Inc (NSYS) reported a net income of -$1.3M in fiscal year 2024, with a net profit margin of -1.0%.
What is Nortech Sys Inc's earnings per share (EPS)?
Nortech Sys Inc (NSYS) reported diluted earnings per share of $-0.47 for fiscal year 2024. This represents a -119.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Nortech Sys Inc's EBITDA?
Nortech Sys Inc (NSYS) had EBITDA of $2.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Nortech Sys Inc's gross margin?
Nortech Sys Inc (NSYS) had a gross margin of 13.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Nortech Sys Inc's operating margin?
Nortech Sys Inc (NSYS) had an operating margin of -0.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Nortech Sys Inc's net profit margin?
Nortech Sys Inc (NSYS) had a net profit margin of -1.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Nortech Sys Inc's free cash flow?
Nortech Sys Inc (NSYS) generated -$3.5M in free cash flow during fiscal year 2024. This represents a -825.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Nortech Sys Inc's operating cash flow?
Nortech Sys Inc (NSYS) generated -$2.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Nortech Sys Inc's total assets?
Nortech Sys Inc (NSYS) had $72.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Nortech Sys Inc's capital expenditures?
Nortech Sys Inc (NSYS) invested $1.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Nortech Sys Inc spend on research and development?
Nortech Sys Inc (NSYS) invested $1.2M in research and development during fiscal year 2024.
How many shares does Nortech Sys Inc have outstanding?
Nortech Sys Inc (NSYS) had 3M shares outstanding as of fiscal year 2024.
What is Nortech Sys Inc's current ratio?
Nortech Sys Inc (NSYS) had a current ratio of 2.58 as of fiscal year 2024, which is generally considered healthy.
What is Nortech Sys Inc's debt-to-equity ratio?
Nortech Sys Inc (NSYS) had a debt-to-equity ratio of 1.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nortech Sys Inc's return on assets (ROA)?
Nortech Sys Inc (NSYS) had a return on assets of -1.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Nortech Sys Inc's cash runway?
Based on fiscal year 2024 data, Nortech Sys Inc (NSYS) had $916K in cash against an annual operating cash burn of $2.3M. This gives an estimated cash runway of approximately 5 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Nortech Sys Inc's Piotroski F-Score?
Nortech Sys Inc (NSYS) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nortech Sys Inc's earnings high quality?
Nortech Sys Inc (NSYS) has an earnings quality ratio of 1.74x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Nortech Sys Inc cover its interest payments?
Nortech Sys Inc (NSYS) has an interest coverage ratio of -0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Nortech Sys Inc?
Nortech Sys Inc (NSYS) scores 32 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.