Nortech Systems Incorporated (NSYS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 30.32M | 30.31M | 30.48M | 30.68M | 26.89M | 28.62M | 31.41M | 33.89M | 34.22M | 36.05M | 33.37M | 35.02M | 34.89M | 35.62M | 35.28M | 32.52M | 30.71M | 33.46M | 29.45M | 30.18M |
| Revenue Growth % | 12.72% | 5.92% | -2.95% | -9.49% | -21.39% | -20.62% | -5.88% | -3.23% | -1.93% | 1.22% | -5.41% | 7.7% | 13.6% | 6.44% | 19.77% | 7.74% | 39.14% | 40.34% | 11.72% | 14.06% |
| Cost of Goods Sold | 25.61M | 25.25M | 25.46M | 25.84M | 23.82M | 25.8M | 27.57M | 29.27M | 28.77M | 29.23M | 28.05M | 29.55M | 29.4M | 30.51M | 28.95M | 27.51M | 26.67M | 30.79M | 21.41M | 26.6M |
| COGS % of Revenue | 84.49% | 83.29% | 83.51% | 84.23% | 88.56% | 90.14% | 87.79% | 86.38% | 84.08% | 81.06% | 84.06% | 84.37% | 84.28% | 85.67% | 82.06% | 84.61% | 86.83% | 92% | 72.7% | 88.12% |
| Gross Profit | 4.7M | 5.07M | 5.03M | 4.84M | 3.08M | 2.82M | 3.83M | 4.62M | 5.45M | 6.83M | 5.32M | 5.47M | 5.48M | 5.1M | 6.33M | 5M | 4.04M | 2.68M | 8.04M | 3.58M |
| Gross Margin % | 15.51% | 16.71% | 16.49% | 15.77% | 11.44% | 9.86% | 12.21% | 13.62% | 15.92% | 18.94% | 15.94% | 15.63% | 15.72% | 14.33% | 17.94% | 15.39% | 13.17% | 8% | 27.3% | 11.88% |
| Gross Profit Growth % | 52.76% | 79.52% | 31.03% | 4.76% | -43.5% | -58.66% | -27.9% | -15.66% | -0.66% | 33.76% | -15.95% | 9.39% | 35.61% | 90.66% | -21.3% | 39.58% | 159.06% | 96.41% | 309.84% | 46.87% |
| Operating Expenses | 4.66M | 4.17M | 4.08M | 4.09M | 4.69M | 4.05M | 4.3M | 4.27M | 4.29M | 4.15M | 4.2M | 4.38M | 4.43M | 4.36M | 4.38M | 3.98M | 3.88M | 3.55M | 3.13M | 3.18M |
| OpEx % of Revenue | 15.35% | 13.74% | 13.38% | 13.35% | 17.44% | 14.15% | 13.7% | 12.61% | 12.55% | 11.51% | 12.57% | 12.49% | 12.7% | 12.23% | 12.42% | 12.24% | 12.62% | 10.62% | 10.61% | 10.53% |
| Selling, General & Admin | 4.34M | 3.89M | 3.81M | 3.79M | 4.1M | 3.45M | 3.84M | 3.89M | 3.98M | 3.86M | 3.88M | 4.06M | 4.16M | 4.05M | 3.91M | 3.63M | 3.56M | 3.38M | 2.49M | 2.99M |
| SG&A % of Revenue | 14.33% | 12.82% | 12.51% | 12.37% | 15.24% | 12.04% | 12.23% | 11.48% | 11.62% | 10.7% | 11.63% | 11.59% | 11.91% | 11.36% | 11.08% | 11.16% | 11.6% | 10.09% | 8.47% | 9.9% |
| Research & Development | 310K | 278K | 266K | 302K | 326K | 298K | 284K | 291K | 318K | 292K | 314K | 317K | 276K | 309K | 475K | 351K | 328K | 135K | 141K | 207K |
| R&D % of Revenue | 1.02% | 0.92% | 0.87% | 0.98% | 1.21% | 1.04% | 0.9% | 0.86% | 0.93% | 0.81% | 0.94% | 0.91% | 0.79% | 0.87% | 1.35% | 1.08% | 1.07% | 0.4% | 0.48% | 0.69% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 266K | 304K | 176K | 91K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15K | 43K | 490K | -17K |
| Operating Income | 47K | 901K | 945K | 742K | -1.61M | -1.23M | -467K | 344K | 1.16M | 2.68M | 1.12M | 1.1M | 1.05M | 749K | 1.95M | 1.02M | 169K | -876K | 4.92M | 406K |
| Operating Margin % | 0.15% | 2.97% | 3.1% | 2.42% | -6% | -4.29% | -1.49% | 1.01% | 3.38% | 7.42% | 3.37% | 3.14% | 3.02% | 2.1% | 5.51% | 3.15% | 0.55% | -2.62% | 16.69% | 1.35% |
| Operating Income Growth % | 102.91% | 173.43% | 302.36% | 115.7% | -239.65% | -145.83% | -141.55% | -68.7% | 9.69% | 257.41% | -42.21% | 7.22% | 523.08% | 185.5% | -60.44% | 152.46% | 107.77% | 76.73% | 81.47% | 728.57% |
| EBITDA | 350K | 1.2M | 1.25M | 1.07M | -1.27M | -889K | -33K | 828K | 1.64M | 3.19M | 1.64M | 1.62M | 1.56M | 1.23M | 2.42M | 1.51M | 655K | -432K | 5.46M | 896K |
| EBITDA Margin % | 1.15% | 3.97% | 4.09% | 3.5% | -4.71% | -3.11% | -0.11% | 2.44% | 4.78% | 8.84% | 4.9% | 4.63% | 4.47% | 3.44% | 6.85% | 4.63% | 2.13% | -1.29% | 18.52% | 2.97% |
| EBITDA Growth % | 127.65% | 235.32% | 3881.82% | 29.59% | -177.34% | -127.89% | -102.02% | -48.92% | 5.07% | 159.82% | -32.34% | 7.64% | 137.86% | 384.03% | -55.67% | 68.08% | 138.57% | 86.81% | 66.26% | 46.17% |
| D&A (Non-Cash Add-back) | 303K | 302K | 303K | 331K | 347K | 338K | 434K | 484K | 482K | 511K | 512K | 522K | 505K | 478K | 473K | 481K | 486K | 444K | 539K | 490K |
| EBIT | 47K | 901K | 945K | 742K | -1.61M | -1.23M | -467K | 344K | 1.16M | 2.68M | 1.12M | 1.1M | 1.05M | 749K | 1.95M | 1.02M | 169K | -833K | 4.92M | 406K |
| Net Interest Income | -256K | -220K | -273K | -257K | -214K | -196K | -216K | -165K | -167K | -122K | -130K | -125K | -110K | -74K | -122K | -117K | -98K | -116K | -112K | -116K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 256K | 220K | 273K | 257K | 214K | 196K | 216K | 165K | 167K | 122K | 130K | 125K | 110K | 74K | 122K | 117K | 98K | 116K | 112K | 116K |
| Other Income/Expense | -256K | -220K | -273K | -257K | -214K | -196K | -216K | -165K | -167K | -122K | -130K | -125K | -110K | -74K | -122K | -117K | -98K | 6.05M | -112K | -116K |
| Pretax Income | -209K | 681K | 672K | 485K | -1.83M | -1.42M | -683K | 179K | 988K | 2.56M | 994K | 974K | 943K | 675K | 1.82M | 908K | 71K | 5.18M | 4.8M | 290K |
| Pretax Margin % | -0.69% | 2.25% | 2.2% | 1.58% | -6.79% | -4.97% | -2.17% | 0.53% | 2.89% | 7.09% | 2.98% | 2.78% | 2.7% | 1.9% | 5.17% | 2.79% | 0.23% | 15.48% | 16.31% | 0.96% |
| Income Tax | -175K | -216K | 818K | 172K | -511K | 55K | 56K | 22K | 223K | -1.8M | -213K | 340K | 262K | 1.06M | 289K | 189K | -67K | 213K | 1.25M | 111K |
| Effective Tax Rate % | 83.73% | -31.72% | 121.73% | 35.46% | 27.97% | -3.87% | -8.2% | 12.29% | 22.57% | -70.33% | -21.43% | 34.91% | 27.78% | 156.44% | 15.85% | 20.81% | -94.37% | 4.11% | 25.96% | 38.28% |
| Net Income | -34K | 897K | -146K | 313K | -1.32M | -1.48M | -739K | 157K | 765K | 4.35M | 1.21M | 634K | 681K | -381K | 1.53M | 719K | 138K | 4.97M | 3.56M | 179K |
| Net Margin % | -0.11% | 2.96% | -0.48% | 1.02% | -4.89% | -5.16% | -2.35% | 0.46% | 2.24% | 12.07% | 3.62% | 1.81% | 1.95% | -1.07% | 4.35% | 2.21% | 0.45% | 14.84% | 12.08% | 0.59% |
| Net Income Growth % | 97.42% | 160.69% | 80.24% | 99.36% | -272.03% | -133.96% | -161.23% | -75.24% | 12.33% | 1242.26% | -21.32% | -11.82% | 393.48% | -107.67% | -56.87% | 301.68% | 108.88% | 240.64% | 80.47% | 245.53% |
| Net Income (Continuing) | -34K | 897K | -146K | 313K | -1.32M | -1.48M | -739K | 157K | 765K | 4.35M | 1.21M | 634K | 681K | -381K | 1.53M | 719K | 138K | 4.97M | 3.56M | 179K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01 | 0.32 | -0.05 | 0.11 | -0.48 | -0.54 | -0.27 | 0.05 | 0.27 | 1.51 | 0.42 | 0.22 | 0.23 | -0.14 | 0.53 | 0.25 | 0.05 | 1.72 | 1.24 | 0.06 |
| EPS Growth % | 97.46% | 159.26% | 81.48% | 105.61% | -277.78% | -135.76% | -164.29% | -75.68% | 17.39% | 1178.57% | -20.75% | -12% | 378.17% | -108.14% | -57.26% | 316.67% | 108.29% | 229.32% | 69.86% | 229.59% |
| EPS (Basic) | -0.01 | 0.32 | -0.05 | 0.11 | -0.48 | -0.54 | -0.27 | 0.06 | 0.28 | 1.59 | 0.44 | 0.23 | 0.25 | -0.14 | 0.57 | 0.25 | 0.05 | 1.86 | 1.33 | 0.07 |
| Diluted Shares Outstanding | 2.79M | 2.78M | 2.79M | 2.95M | 2.76M | 2.76M | 2.76M | 2.94M | 2.88M | 2.88M | 2.89M | 2.87M | 2.9M | 2.69M | 2.9M | 2.89M | 2.87M | 2.88M | 2.88M | 2.77M |
| Basic Shares Outstanding | 2.79M | 2.78M | 2.79M | 2.77M | 2.76M | 2.76M | 2.76M | 2.76M | 2.74M | 2.74M | 2.74M | 2.72M | 2.69M | 2.69M | 2.69M | 2.88M | 2.76M | 2.67M | 2.67M | 2.66M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |