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 16 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).
Low-margin manufacturing and a working-capital-heavy balance sheet make cash flow hinge more on turnover than on headline earnings.
Operating cash flow of$2.7M and free cash flow of$2.1M arrived despite a small net loss. That reversal from the prior year's cash burn, combined with only$1.7M of cash against$37.7M in receivables plus inventory, suggests liquidity depends on working-capital turnover more than on reported earnings.
The rebound in gross margin to
The current ratio slipped to 1.9x even as the debt-to-equity ratio eased to 1.1x, a sign that long-run leverage improved while near-term obligations became tighter. With inventory still around
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Nortech Sys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Nortech Sys Inc has an operating margin of 0.8%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 25/100, suggesting thin profitability after operating expenses. This is up from -0.1% the prior year.
Nortech Sys Inc's revenue declined 7.6% year-over-year, from $128.1M to $118.4M. This contraction results in a growth score of 20/100.
Nortech Sys Inc carries a low D/E ratio of 1.08, meaning only $1.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.
Nortech Sys Inc's current ratio of 1.88 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
Nortech Sys Inc's free cash flow margin of 1.8% results in a low score of 25/100. Capital expenditures of $661K absorb a large share of operating cash flow.
Nortech Sys Inc generates a -0.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 16/100. This is up from -3.8% the prior year.
Nortech Sys Inc scores 3.02, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Nortech Sys Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Nortech Sys Inc generates $-10.88 in operating cash flow ($2.7M OCF vs -$252K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Nortech Sys Inc earns $1.0 in operating income for every $1 of interest expense ($975K vs $964K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Nortech Sys Inc generated $118.4M in revenue in fiscal year 2026. This represents a decrease of 7.6% from the prior year.
Nortech Sys Inc's EBITDA was $2.5M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.1% from the prior year.
Nortech Sys Inc reported -$252K in net income in fiscal year 2026. This represents an increase of 80.5% from the prior year.
Nortech Sys Inc earned $-0.09 per diluted share (EPS) in fiscal year 2026. This represents an increase of 80.9% from the prior year.
Cash & Balance Sheet
Nortech Sys Inc generated $2.1M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 159.1% from the prior year.
Nortech Sys Inc held $1.7M in cash against $0 in long-term debt as of fiscal year 2026.
Nortech Sys Inc had 3M shares outstanding in fiscal year 2026. This represents an increase of 0.9% from the prior year.
Margins & Returns
Nortech Sys Inc's gross margin was 15.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 2.2 percentage points from the prior year.
Nortech Sys Inc's operating margin was 0.8% in fiscal year 2026, reflecting core business profitability. This is up 1.0 percentage points from the prior year.
Nortech Sys Inc's net profit margin was -0.2% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.
Nortech Sys Inc's ROE was -0.7% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.
Capital Allocation
Nortech Sys Inc invested $1.2M in research and development in fiscal year 2026. This represents a decrease of 1.6% from the prior year.
Nortech Sys Inc invested $661K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 48.0% from the prior year.
NSYS Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.3M0.0% | $30.3M-0.6% | $30.5M-0.6% | $30.7M+14.1% | $26.9M-6.0% | $28.6M-8.9% | $31.4M-7.3% | $33.9M |
| Cost of Revenue | $25.6M+1.5% | $25.2M-0.8% | $25.5M-1.5% | $25.8M+8.5% | $23.8M-7.7% | $25.8M-6.4% | $27.6M-5.8% | $29.3M |
| Gross Profit | $4.7M-7.2% | $5.1M+0.8% | $5.0M+3.9% | $4.8M+57.1% | $3.1M+9.1% | $2.8M-26.4% | $3.8M-16.9% | $4.6M |
| R&D Expenses | $310K+11.5% | $278K+4.5% | $266K-11.9% | $302K-7.4% | $326K+9.4% | $298K+4.9% | $284K-2.4% | $291K |
| SG&A Expenses | $3.0M+11.9% | $2.7M+3.9% | $2.6M+0.2% | $2.6M-11.2% | $2.9M+11.9% | $2.6M-11.7% | $3.0M-1.0% | $3.0M |
| Operating Income | $47K-94.8% | $901K-4.7% | $945K+27.4% | $742K+146.0% | -$1.6M-31.5% | -$1.2M-162.7% | -$467K-235.8% | $344K |
| Interest Expense | $256K+16.4% | $220K-19.4% | $273K+6.2% | $257K+20.1% | $214K+9.2% | $196K-9.3% | $216K+30.9% | $165K |
| Income Tax | -$175K+19.0% | -$216K-126.4% | $818K+375.6% | $172K+133.7% | -$511K-1029.1% | $55K-1.8% | $56K+154.5% | $22K |
| Net Income | -$34K-103.8% | $897K+714.4% | -$146K-146.6% | $313K+123.8% | -$1.3M+11.0% | -$1.5M-100.0% | -$739K-570.7% | $157K |
| EPS (Diluted) | $-0.01 | N/A | $-0.05-141.7% | $0.12+125.0% | $-0.48 | N/A | $-0.27-640.0% | $0.05 |
NSYS Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $76.6M+6.6% | $71.9M-3.8% | $74.8M-0.1% | $74.8M+1.8% | $73.5M+1.5% | $72.4M-5.9% | $77.0M+0.9% | $76.3M |
| Current Assets | $60.7M+8.1% | $56.1M-5.2% | $59.2M+1.5% | $58.3M+1.7% | $57.3M+3.6% | $55.3M-8.2% | $60.3M+1.9% | $59.2M |
| Cash & Equivalents | $2.0M+18.7% | $1.7M+30.2% | $1.3M+94.9% | $652K-43.9% | $1.2M+26.9% | $916K-26.1% | $1.2M-19.6% | $1.5M |
| Inventory | $23.6M+13.8% | $20.7M+12.3% | $18.4M-1.1% | $18.6M-10.9% | $20.9M-3.4% | $21.6M-3.1% | $22.3M-2.0% | $22.8M |
| Accounts Receivable | $17.8M+4.9% | $17.0M-9.6% | $18.8M+5.6% | $17.8M+13.7% | $15.7M+5.3% | $14.9M-10.3% | $16.6M-5.6% | $17.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $41.9M+12.2% | $37.4M-9.7% | $41.4M-0.1% | $41.4M+1.8% | $40.7M+5.9% | $38.4M-6.9% | $41.3M+2.9% | $40.1M |
| Current Liabilities | $33.0M+10.6% | $29.8M-11.2% | $33.6M+55.5% | $21.6M+4.3% | $20.7M-3.3% | $21.4M-8.1% | $23.3M+0.1% | $23.3M |
| Long-Term Debt | $2.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $34.7M+0.5% | $34.5M+3.6% | $33.4M-0.1% | $33.4M+1.7% | $32.8M-3.4% | $34.0M-4.7% | $35.7M-1.3% | $36.1M |
| Retained Earnings | $17.1M-0.2% | $17.1M+5.5% | $16.2M-0.9% | $16.4M+1.9% | $16.1M-7.6% | $17.4M-7.8% | $18.9M-3.8% | $19.6M |
NSYS Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.6M-127.8% | $5.6M+6195.7% | -$92K-158.6% | $157K+105.4% | -$2.9M-469.5% | $793K+150.0% | -$1.6M+63.0% | -$4.3M |
| Capital Expenditures | $228K+58.3% | $144K-4.0% | $150K+51.5% | $99K-63.1% | $268K-7.6% | $290K+825.0% | -$40K-114.5% | $276K |
| Free Cash Flow | -$1.8M-132.7% | $5.5M+2357.9% | -$242K-517.2% | $58K+101.8% | -$3.2M-735.8% | $503K+131.0% | -$1.6M+64.4% | -$4.6M |
| Investing Cash Flow | -$228K-58.3% | -$144K-141.7% | $345K+483.3% | -$90K+66.4% | -$268K+8.2% | -$292K-830.0% | $40K+114.5% | -$276K |
| Financing Cash Flow | $2.3M+145.9% | -$5.1M-1512.5% | $360K+161.2% | -$588K-117.1% | $3.4M+532.9% | -$796K-165.4% | $1.2M-41.1% | $2.1M |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.5%-1.2pp | 16.7%+0.2pp | 16.5%+0.7pp | 15.8%+4.3pp | 11.4%+1.6pp | 9.9%-2.4pp | 12.2%-1.4pp | 13.6% |
| Operating Margin | 0.2%-2.8pp | 3.0%-0.1pp | 3.1%+0.7pp | 2.4%+8.4pp | -6.0%-1.7pp | -4.3%-2.8pp | -1.5%-2.5pp | 1.0% |
| Net Margin | -0.1%-3.1pp | 3.0%+3.4pp | -0.5%-1.5pp | 1.0%+5.9pp | -4.9%+0.3pp | -5.2%-2.8pp | -2.4%-2.8pp | 0.5% |
| Return on Equity | -0.1%-2.7pp | 2.6%+3.0pp | -0.4%-1.4pp | 0.9%+4.9pp | -4.0%+0.3pp | -4.3%-2.3pp | -2.1%-2.5pp | 0.4% |
| Return on Assets | -0.0%-1.3pp | 1.3%+1.5pp | -0.2%-0.6pp | 0.4%+2.2pp | -1.8%+0.3pp | -2.0%-1.1pp | -1.0%-1.2pp | 0.2% |
| Current Ratio | 1.84-0.0 | 1.88+0.1 | 1.76-0.9 | 2.70-0.1 | 2.77+0.2 | 2.580.0 | 2.58+0.0 | 2.54 |
| Debt-to-Equity | 0.06-1.0 | 1.08-0.2 | 1.240.0 | 1.240.0 | 1.24+0.1 | 1.13-0.0 | 1.16+0.0 | 1.11 |
| FCF Margin | -5.9%-23.9pp | 18.0%+18.8pp | -0.8%-1.0pp | 0.2%+12.1pp | -11.9%-13.7pp | 1.8%+6.9pp | -5.2%+8.3pp | -13.5% |
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Frequently Asked Questions
What is Nortech Sys Inc's annual revenue?
Nortech Sys Inc (NSYS) reported $118.4M in total revenue for fiscal year 2026. This represents a -7.6% 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 7.6% year-over-year, from $128.1M to $118.4M in fiscal year 2026.
Is Nortech Sys Inc profitable?
No, Nortech Sys Inc (NSYS) reported a net income of -$252K in fiscal year 2026, with a net profit margin of -0.2%.
What is Nortech Sys Inc's EBITDA?
Nortech Sys Inc (NSYS) had EBITDA of $2.5M in fiscal year 2026, 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 15.2% in fiscal year 2026, 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 0.8% in fiscal year 2026, 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 -0.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Nortech Sys Inc's return on equity (ROE)?
Nortech Sys Inc (NSYS) has a return on equity of -0.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Nortech Sys Inc's free cash flow?
Nortech Sys Inc (NSYS) generated $2.1M in free cash flow during fiscal year 2026. This represents a 159.1% 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 $2.7M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Nortech Sys Inc's total assets?
Nortech Sys Inc (NSYS) had $71.9M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Nortech Sys Inc's capital expenditures?
Nortech Sys Inc (NSYS) invested $661K in capital expenditures during fiscal year 2026, 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 2026.
What is Nortech Sys Inc's current ratio?
Nortech Sys Inc (NSYS) had a current ratio of 1.88 as of fiscal year 2026, 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 1.08 as of fiscal year 2026, 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 -0.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Nortech Sys Inc's Altman Z-Score?
Nortech Sys Inc (NSYS) has an Altman Z-Score of 3.02, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Nortech Sys Inc's Piotroski F-Score?
Nortech Sys Inc (NSYS) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 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 -10.88x, considered mixed quality. 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 1.0x, 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 33 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.