Nortech Systems Incorporated (NSYS) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Nortech Systems Incorporated (NSYS) stock price & volume — 10-year historical chart
Nortech Systems Incorporated (NSYS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Nortech Systems Incorporated (NSYS) competitors in Electronics Manufacturing and Circuit Boards — business model, growth, and fundamentals comparison
Nortech Systems Incorporated (NSYS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Nortech Systems Incorporated (NSYS) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 116.62M | 112.33M | 113.37M | 116.33M | 104.11M | 115.17M | 134.12M | 139.33M | 128.13M | 116.67M |
Revenue Growth % | 1.24% | -3.68% | 0.92% | 2.61% | -10.51% | 10.63% | 16.46% | 3.88% | -8.04% | -13.94% |
Cost of Goods Sold | 102.78M | 100.22M | 100.06M | 103.76M | 95.65M | 99.3M | 113.64M | 116.23M | 111.41M | 100.91M |
COGS % of Revenue | 88.13% | 89.21% | 88.26% | 89.19% | 91.88% | 86.23% | 84.73% | 83.42% | 86.95% | - |
Gross Profit | 13.84M▲ 0% | 12.12M▼ 12.4% | 13.31M▲ 9.8% | 12.58M▼ 5.5% | 8.46M▼ 32.8% | 15.86M▲ 87.6% | 20.48M▲ 29.1% | 23.1M▲ 12.8% | 16.72M▼ 27.6% | 15.76M▲ 0% |
Gross Margin % | 11.87% | 10.79% | 11.74% | 10.81% | 8.12% | 13.77% | 15.27% | 16.58% | 13.05% | 13.51% |
Gross Profit Growth % | 14.77% | -12.45% | 9.85% | -5.52% | -32.77% | 87.63% | 29.1% | 12.81% | -27.62% | - |
Operating Expenses | 13.21M | 12.83M | 12.06M | 12.35M | 10.52M | 13.59M | 16.59M | 17.15M | 16.92M | 16.91M |
OpEx % of Revenue | 11.33% | 11.42% | 10.64% | 10.62% | 10.1% | 11.8% | 12.37% | 12.31% | 13.2% | - |
Selling, General & Admin | 13.21M | 12.83M | 12.06M | 12.35M | 10.52M | 12.36M | 15.14M | 15.95M | 15.15M | 15.15M |
SG&A % of Revenue | 11.33% | 11.42% | 10.64% | 10.62% | 10.1% | 10.73% | 11.29% | 11.45% | 11.83% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 483K | 1.46M | 1.2M | 1.19M | 1.19M |
R&D % of Revenue | - | - | - | - | - | 0.42% | 1.09% | 0.86% | 0.93% | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 746K | -15K | 0 | 571K | 570K |
Operating Income | 629.06K▲ 0% | -1.27M▼ 301.6% | 1.25M▲ 198.5% | 224K▼ 82.1% | -2.06M▼ 1020.5% | 2.27M▲ 210.2% | 3.89M▲ 71.1% | 5.95M▲ 53.1% | -195K▼ 103.3% | -1.15M▲ 0% |
Operating Margin % | 0.54% | -1.13% | 1.1% | 0.19% | -1.98% | 1.97% | 2.9% | 4.27% | -0.15% | -0.99% |
Operating Income Growth % | 249.05% | -301.63% | 198.47% | -82.07% | -1020.54% | 210.18% | 71.13% | 53.11% | -103.28% | - |
EBITDA | 2.92M | 1.15M | 3.44M | 2.44M | 131K | 4.22M | 5.81M | 8M | 1.54M | 166K |
EBITDA Margin % | 2.51% | 1.03% | 3.03% | 2.1% | 0.13% | 3.67% | 4.33% | 5.74% | 1.2% | 0.14% |
EBITDA Growth % | 59.21% | -60.53% | 197.85% | -28.88% | -94.64% | 3122.9% | 37.52% | 37.84% | -80.72% | -97.05% |
D&A (Non-Cash Add-back) | 2.3M | 2.42M | 2.19M | 2.22M | 2.19M | 1.95M | 1.92M | 2.05M | 1.74M | 1.32M |
EBIT | 629.06K | -1.44M | 1.25M | 224K | -616K | 8.44M | 3.89M | 5.95M | -195K | -1.15M |
Net Interest Income | -550.29K | -628K | -757K | -1.04M | -620K | -430K | -411K | -487K | -744K | -940K |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 550.29K | 627.55K | 757K | 1.04M | 620K | 430K | 411K | 487K | 744K | 940K |
Other Income/Expense | -550.29K | -802.77K | -757K | -1.04M | 826K | 5.74M | -411K | -487K | -744K | -940K |
Pretax Income | 78.77K▲ 0% | -2.07M▼ 2728.8% | 492K▲ 123.8% | -819K▼ 266.5% | -1.24M▼ 50.9% | 8.01M▲ 748.3% | 3.48M▼ 56.6% | 5.47M▲ 57.2% | -939K▼ 117.2% | -2.09M▲ 0% |
Pretax Margin % | 0.07% | -1.84% | 0.43% | -0.7% | -1.19% | 6.96% | 2.59% | 3.92% | -0.73% | -1.79% |
Income Tax | 35K | 375K | 326K | 409K | 310K | 859K | 1.47M | -1.41M | 356K | 534K |
Effective Tax Rate % | 44.43% | -18.11% | 66.26% | -49.94% | -25.08% | 10.72% | 42.19% | -25.76% | -37.91% | -25.51% |
Net Income | 43.77K▲ 0% | -2.45M▼ 5687.3% | 166K▲ 106.8% | -1.23M▼ 839.8% | -1.55M▼ 25.9% | 7.15M▲ 562.7% | 2.01M▼ 71.9% | 6.87M▲ 242.0% | -1.29M▼ 118.8% | -2.63M▲ 0% |
Net Margin % | 0.04% | -2.18% | 0.15% | -1.06% | -1.49% | 6.21% | 1.5% | 4.93% | -1.01% | -2.25% |
Net Income Growth % | 107.66% | -5687.28% | 106.79% | -839.76% | -25.9% | 562.74% | -71.9% | 241.99% | -118.84% | -157.93% |
Net Income (Continuing) | 43.77K | -2.45M | 166K | -1.23M | -1.55M | 7.15M | 2.01M | 6.87M | -1.29M | -2.63M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 0.02▲ 0% | -0.89▼ 4550.0% | 0.06▲ 106.9% | -0.46▼ 848.0% | -0.58▼ 26.1% | 2.54▲ 537.9% | 0.70▼ 72.4% | 2.38▲ 240.0% | -0.47▼ 119.7% | -0.94▲ 0% |
EPS Growth % | 109.52% | -4550% | 106.91% | -847.97% | -26.09% | 537.93% | -72.44% | 240% | -119.75% | -161.4% |
EPS (Basic) | 0.02 | -0.89 | 0.06 | -0.46 | -0.58 | 2.68 | 0.75 | 2.53 | -0.47 | - |
Diluted Shares Outstanding | 2.75M | 2.75M | 2.7M | 2.67M | 2.66M | 2.82M | 2.89M | 2.89M | 2.76M | 2.79M |
Basic Shares Outstanding | 2.75M | 2.75M | 2.69M | 2.67M | 2.66M | 2.66M | 2.69M | 2.72M | 2.76M | 2.79M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Nortech Systems Incorporated (NSYS) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 39.49M | 37.77M | 45.86M | 43.28M | 41.04M | 51.77M | 54.86M | 58.79M | 55.31M | 59.21M |
Cash & Short-Term Investments | 268.2K | 472.89K | 480K | 351K | 352K | 643K | 1.03M | 960K | 916K | 1.27M |
Cash Only | 268.2K | 472.89K | 480K | 351K | 352K | 643K | 1.03M | 960K | 916K | 1.27M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 17.52M | 17.65M | 26.52M | 26.22M | 21.52M | 28.45M | 28.61M | 33.76M | 28.67M | 34.14M |
Days Sales Outstanding | 54.83 | 57.34 | 85.4 | 82.26 | 75.46 | 90.18 | 77.85 | 88.44 | 81.66 | 97.51 |
Inventory | 20.65M | 18.53M | 17M | 14.28M | 13.92M | 19.43M | 22.44M | 21.66M | 21.64M | 18.43M |
Days Inventory Outstanding | 73.35 | 67.48 | 62.03 | 50.23 | 53.11 | 71.43 | 72.07 | 68.02 | 70.89 | 71.98 |
Other Current Assets | 0 | 0 | 467K | 309K | 3.21M | 1.58M | 1.45M | 715K | 4.09M | 0 |
Total Non-Current Assets | 16.03M | 14.32M | 14.1M | 18.13M | 16.6M | 15.32M | 14.68M | 16.33M | 17.12M | 15.55M |
Property, Plant & Equipment | 10.33M | 10.2M | 10.21M | 14.41M | 15.42M | 14.82M | 14.26M | 13.43M | 14.37M | 12.63M |
Fixed Asset Turnover | 11.29x | 11.01x | 11.11x | 8.07x | 6.75x | 7.77x | 9.41x | 10.37x | 8.92x | 8.74x |
Goodwill | 3.28M | 2.38M | 2.38M | 2.38M | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 1.86M | 1.74M | 1.52M | 1.34M | 1.17M | 501K | 422K | 263K | 174K | 160K |
Long-Term Investments | 0 | -28.45K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 7.73K | 7.73K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.76M |
Total Assets | 55.52M▲ 0% | 52.09M▼ 6.2% | 59.96M▲ 15.1% | 61.41M▲ 2.4% | 57.63M▼ 6.1% | 67.09M▲ 16.4% | 69.54M▲ 3.7% | 75.13M▲ 8.0% | 72.44M▼ 3.6% | 74.76M▲ 0% |
Asset Turnover | 2.10x | 2.16x | 1.89x | 1.89x | 1.81x | 1.72x | 1.93x | 1.85x | 1.77x | 1.58x |
Asset Growth % | -1.85% | -6.18% | 15.12% | 2.42% | -6.15% | 16.41% | 3.65% | 8.03% | -3.58% | -10.88% |
Total Current Liabilities | 20.31M | 18.04M | 24.89M | 22.23M | 19.54M | 22.31M | 26.4M | 26.58M | 21.43M | 33.6M |
Accounts Payable | 13.83M | 11.7M | 18.14M | 14.01M | 11.24M | 12.71M | 14.79M | 15.92M | 11.58M | 11.68M |
Days Payables Outstanding | 49.1 | 42.61 | 66.18 | 49.3 | 42.89 | 46.72 | 47.51 | 50.01 | 37.94 | 40.92 |
Short-Term Debt | 1.57M | 1M | 780K | 444K | 1.2M | 0 | 0 | 0 | 0 | 12.03M |
Deferred Revenue (Current) | 0 | -1.3M | -1.12M | 0 | 0 | 0 | 3.52M | 0 | 5.14M | 15.34M |
Other Current Liabilities | 0 | -33 | 0 | 0 | 0 | 0 | 0 | 4.07M | 0 | 4.72M |
Current Ratio | 1.94x | 2.09x | 1.84x | 1.95x | 2.10x | 2.32x | 2.08x | 2.21x | 2.58x | 1.76x |
Quick Ratio | 0.93x | 1.07x | 1.16x | 1.30x | 1.39x | 1.45x | 1.23x | 1.40x | 1.57x | 1.21x |
Cash Conversion Cycle | 79.08 | 82.21 | 81.24 | 83.19 | 85.68 | 114.9 | 102.41 | 106.45 | 114.61 | 128.57 |
Total Non-Current Liabilities | 12.9M | 14.21M | 13.98M | 19.2M | 19.38M | 18.67M | 15.06M | 13.2M | 17M | 7.79M |
Long-Term Debt | 12.21M | 12.86M | 12.89M | 13.27M | 9.19M | 8.96M | 6.85M | 5.82M | 8.63M | 0 |
Capital Lease Obligations | 0 | 1.22M | 951K | 5.82M | 10.04M | 9.61M | 8.11M | 6.97M | 8.08M | 31.26M |
Deferred Tax Liabilities | 892K | 484K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 689.2K | 137.55K | 139K | 118K | 146K | 104K | 95K | 414K | 284K | 287K |
Total Liabilities | 33.2M | 32.26M | 38.87M | 41.43M | 38.92M | 40.98M | 41.46M | 39.78M | 38.43M | 41.4M |
Total Debt | 13.77M | 14.21M | 13.98M | 20.94M | 21.79M | 20.21M | 16.51M | 14.18M | 18.04M | 21.1M |
Net Debt | 13.5M | 13.74M | 13.5M | 20.59M | 21.43M | 19.57M | 15.48M | 13.22M | 17.12M | 19.82M |
Debt / Equity | 0.62x | 0.72x | 0.66x | 1.05x | 1.16x | 0.77x | 0.59x | 0.40x | 0.53x | 0.63x |
Debt / EBITDA | 4.71x | 12.32x | 4.07x | 8.57x | 166.31x | 4.79x | 2.84x | 1.77x | 11.69x | 127.08x |
Net Debt / EBITDA | 4.62x | 11.91x | 3.93x | 8.42x | 163.62x | 4.64x | 2.67x | 1.65x | 11.10x | 119.43x |
Interest Coverage | 1.14x | -2.02x | 1.65x | 0.21x | -3.33x | 5.28x | 9.46x | 12.22x | -0.26x | -1.23x |
Total Equity | 22.31M▲ 0% | 19.83M▼ 11.2% | 21.09M▲ 6.4% | 19.98M▼ 5.3% | 18.72M▼ 6.3% | 26.11M▲ 39.5% | 28.08M▲ 7.5% | 35.34M▲ 25.9% | 34.01M▼ 3.8% | 33.36M▲ 0% |
Equity Growth % | 0.19% | -11.16% | 6.38% | -5.28% | -6.3% | 39.5% | 7.54% | 25.87% | -3.79% | -26.77% |
Book Value per Share | 8.12 | 7.22 | 7.81 | 7.50 | 7.04 | 9.25 | 9.71 | 12.25 | 12.33 | 11.98 |
Total Shareholders' Equity | 22.31M | 19.83M | 21.09M | 19.98M | 18.72M | 26.11M | 28.08M | 35.34M | 34.01M | 33.36M |
Common Stock | 27.48K | 27.39K | 27K | 27K | 27K | 27K | 27K | 27K | 28K | 28K |
Retained Earnings | 6.34M | 3.89M | 5.44M | 4.21M | 2.66M | 9.82M | 11.83M | 18.67M | 17.38M | 16.23M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -44.45K | -100.78K | -233K | -257K | -37K | 56K | -370K | -532K | -977K | -868K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Nortech Systems Incorporated (NSYS) cash flow — operating, investing & free cash flow history
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 3.53M | 806.25K | 2.44M | 997K | 1.36M | -4.54M | 5.4M | 1.77M | -2.25M | -2.07M |
Operating CF Margin % | 3.03% | 0.72% | 2.16% | 0.86% | 1.31% | -3.94% | 4.03% | 1.27% | -1.76% | - |
Operating CF Growth % | 4.1% | -77.19% | 203.13% | -59.21% | 36.71% | -433.09% | 218.99% | -67.25% | -227.19% | 286.73% |
Net Income | 43.77K | -2.45M | 166K | -1.23M | -1.55M | 7.15M | 2.01M | 6.87M | -1.29M | -2.63M |
Depreciation & Amortization | 2.3M | 2.5M | 2.19M | 2.22M | 2.19M | 1.95M | 1.92M | 2.05M | 1.74M | 1.32M |
Stock-Based Compensation | 994 | 43.2K | 126K | 261K | 68K | 259K | 334K | 423K | 461K | 362K |
Deferred Taxes | -202K | 439.58K | 1K | 20K | 0 | 0 | 0 | -2.36M | -12K | 511K |
Other Non-Cash Items | -328.64K | -442.4K | 281K | 519K | -658K | -4.53M | -230K | 50K | 95K | -278K |
Working Capital Changes | 1.72M | 711.24K | -319K | -796K | 1.31M | -9.38M | 1.37M | -5.27M | -3.24M | -1.36M |
Change in Receivables | 1.07M | 577.66K | -2.75M | 586K | 4.1M | -1.67M | 188K | -6.13M | 4.76M | -2.8M |
Change in Inventory | -489.08K | 1.96M | -3.88M | 2.34M | -216K | -4.61M | -2.98M | 716K | 280K | 3.35M |
Change in Payables | 817.23K | -2.11M | 6.03M | -3.68M | -2.95M | 0 | 2.22M | 483K | -3.96M | -182K |
Cash from Investing | -1.95M | -258.35K | -1.39M | -758K | 5.5M | -730K | -2.43M | -1.28M | -1.26M | -305K |
Capital Expenditures | -1.96M | -927.14K | -1.4M | -719K | -485K | -1.29M | -2.37M | -1.28M | -1.27M | -807K |
CapEx % of Revenue | 1.68% | 0.83% | 1.24% | 0.62% | 0.47% | 1.12% | 1.77% | 0.92% | 0.99% | 0.69% |
Acquisitions | 3K | 668.79K | 14K | 0 | 0 | 0 | 0 | 0 | 0 | 495K |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 3K | 668.79K | 14K | -39K | 5.99M | 562K | -56K | 0 | 7K | 7K |
Cash from Financing | -1.39M | -38.59K | -889K | -525K | -3.96M | 3.93M | -2.67M | -1.28M | 2.77M | 2.42M |
Debt Issued (Net) | -1.37M | 259K | -613K | -402K | -3.96M | 3.9M | -2.72M | -1.44M | 2.83M | 2.42M |
Equity Issued (Net) | 4.82K | -30K | -276K | -130K | 0 | 0 | 0 | 0 | -100K | -33K |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -30K | -276K | -130K | 0 | 0 | 0 | 0 | -100K | -33K |
Other Financing | -25.15K | -267K | 0 | 7K | 0 | 35K | 51K | 159K | 38K | 30K |
Net Change in Cash | 267.32K▲ 0% | 510.37K▲ 90.9% | 168K▼ 67.1% | -287K▼ 270.8% | 2.9M▲ 1111.8% | -1.34M▼ 146.1% | 256K▲ 119.1% | -806K▼ 414.8% | -759K▲ 5.8% | 32K▲ 0% |
Free Cash Flow | 1.58M▲ 0% | -120.89K▼ 107.7% | 1.04M▲ 960.3% | 239K▼ 77.0% | 844K▲ 253.1% | -5.83M▼ 791.0% | 2.96M▲ 150.8% | 485K▼ 83.6% | -3.52M▼ 825.8% | -2.88M▲ 0% |
FCF Margin % | 1.35% | -0.11% | 0.92% | 0.21% | 0.81% | -5.06% | 2.21% | 0.35% | -2.75% | -2.47% |
FCF Growth % | -8.08% | -107.66% | 960.27% | -77.02% | 253.14% | -791% | 150.77% | -83.62% | -825.77% | 37.39% |
FCF per Share | 0.57 | -0.04 | 0.39 | 0.09 | 0.32 | -2.07 | 1.02 | 0.17 | -1.28 | -1.03 |
FCF Conversion (FCF/Net Income) | 80.74x | -0.33x | 14.72x | -0.81x | -0.88x | -0.63x | 2.69x | 0.26x | 1.74x | 1.10x |
Interest Paid | 499.11K | 538K | 719K | 980K | 577K | 316K | 476K | 503K | 764K | 436K |
Taxes Paid | 110.59K | 20K | 335K | 194K | 855K | 0 | 237K | 1.75M | 473K | 278K |
Nortech Systems Incorporated (NSYS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 0.2% | -11.61% | 0.81% | -5.98% | -7.99% | 31.92% | 7.42% | 21.68% | -3.73% | -7.88% |
Return on Invested Capital (ROIC) | 1.3% | -2.74% | 2.75% | 0.45% | -3.83% | 3.97% | 6.53% | 9.69% | -0.29% | -1.64% |
Gross Margin | 11.87% | 10.79% | 11.74% | 10.81% | 8.12% | 13.77% | 15.27% | 16.58% | 13.05% | 13.51% |
Net Margin | 0.04% | -2.18% | 0.15% | -1.06% | -1.49% | 6.21% | 1.5% | 4.93% | -1.01% | -2.25% |
Debt / Equity | 0.62x | 0.72x | 0.66x | 1.05x | 1.16x | 0.77x | 0.59x | 0.40x | 0.53x | 0.63x |
Interest Coverage | 1.14x | -2.02x | 1.65x | 0.21x | -3.33x | 5.28x | 9.46x | 12.22x | -0.26x | -1.23x |
FCF Conversion | 80.74x | -0.33x | 14.72x | -0.81x | -0.88x | -0.63x | 2.69x | 0.26x | 1.74x | 1.10x |
Revenue Growth | 1.24% | -3.68% | 0.92% | 2.61% | -10.51% | 10.63% | 16.46% | 3.88% | -8.04% | -13.94% |
Nortech Systems Incorporated (NSYS) stock FAQ — growth, dividends, profitability & financials explained
Nortech Systems Incorporated (NSYS) reported $116.7M in revenue for fiscal year 2024. This represents a 538% increase from $18.3M in 1995.
Nortech Systems Incorporated (NSYS) saw revenue decline by 8.0% over the past year.
Nortech Systems Incorporated (NSYS) reported a net loss of $2.6M for fiscal year 2024.
Nortech Systems Incorporated (NSYS) has a return on equity (ROE) of -3.7%. Negative ROE indicates the company is unprofitable.
Nortech Systems Incorporated (NSYS) had negative free cash flow of $2.9M in fiscal year 2024, likely due to heavy capital investments.