InsiderClue
Stocks · Technology · Electronic Components, NEC

NORTECH SYSTEMS INC

NSYS Clue Score40
United States Fiscal year ends December CIK 0000722313
$11.35 +0.49% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $11.35 −8.13% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue116.6Operating income0.6Net income0.0EPS, diluted0.02Fiscal year 2017Revenue112.3 −3.7%Operating income−1.3Net income−2.4 −5,687.8%EPS, diluted−0.89 −4,550.0%Fiscal year 2018Revenue113.4 +0.9%Operating income1.2Net income0.2EPS, diluted0.06Fiscal year 2019Revenue116.3 +2.6%Operating income0.2Net income−1.2 −839.8%EPS, diluted−0.46 −866.7%Fiscal year 2020Revenue104.1 −10.5%Operating income−0.6Net income−1.5EPS, diluted−0.58Fiscal year 2021Revenue115.2 +10.6%Operating income2.3Net income7.2EPS, diluted2.54Fiscal year 2022Revenue134.1 +16.5%Operating income3.9Net income2.0 −71.9%EPS, diluted0.70 −72.4%Fiscal year 2023Revenue139.3 +3.9%Operating income6.0Net income6.9 +242.0%EPS, diluted2.38 +240.0%Fiscal year 2024Revenue128.1 −8.0%Operating income−0.2Net income−1.3 −118.8%EPS, diluted−0.47 −119.7%Fiscal year 2025Revenue118.4 −7.6%Operating income1.0Net income−0.3EPS, diluted−0.09
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 116.6 112.3 113.4 116.3 104.1 115.2 134.1 139.3 128.1 118.4
Growth −3.7% +0.9% +2.6% −10.5% +10.6% +16.5% +3.9% −8.0% −7.6%
Operating income 0.6 −1.3 1.2 0.2 −0.6 2.3 3.9 6.0 −0.2 1.0
Net income 0.0 −2.4 0.2 −1.2 −1.5 7.2 2.0 6.9 −1.3 −0.3
Growth −5,687.8% −839.8% −71.9% +242.0% −118.8%
EPS, diluted 0.02 −0.89 0.06 −0.46 −0.58 2.54 0.70 2.38 −0.47 −0.09
Growth −4,550.0% −866.7% −72.4% +240.0% −119.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin11.9%Operating margin0.5%Net margin0.0%Free cash flow margin1.4%Fiscal year 2017Gross margin10.8%Operating margin−1.1%Net margin−2.2%Free cash flow margin−0.0%Fiscal year 2018Gross margin11.7%Operating margin1.1%Net margin0.1%Free cash flow margin0.9%Fiscal year 2019Gross margin10.8%Operating margin0.2%Net margin−1.1%Free cash flow margin0.2%Fiscal year 2020Gross margin9.3%Operating margin−0.6%Net margin−1.5%Free cash flow margin0.8%Fiscal year 2021Gross margin13.8%Operating margin2.0%Net margin6.2%Free cash flow margin−5.1%Fiscal year 2022Gross margin15.3%Operating margin2.9%Net margin1.5%Free cash flow margin2.3%Fiscal year 2023Gross margin16.6%Operating margin4.3%Net margin4.9%Free cash flow margin0.3%Fiscal year 2024Gross margin13.1%Operating margin−0.2%Net margin−1.0%Free cash flow margin−2.7%Fiscal year 2025Gross margin15.2%Operating margin0.8%Net margin−0.2%Free cash flow margin1.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 11.9% 10.8% 11.7% 10.8% 9.3% 13.8% 15.3% 16.6% 13.1% 15.2%
Operating margin 0.5% −1.1% 1.1% 0.2% −0.6% 2.0% 2.9% 4.3% −0.2% 0.8%
Net margin 0.0% −2.2% 0.1% −1.1% −1.5% 6.2% 1.5% 4.9% −1.0% −0.2%
Free cash flow margin 1.4% −0.0% 0.9% 0.2% 0.8% −5.1% 2.3% 0.3% −2.7% 1.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow3.5Capital expenditure−2.0Free cash flow1.6Fiscal year 2017Operating cash flow0.8Capital expenditure−0.8Free cash flow−0.0 −100.4%Buybacks−0.0Fiscal year 2018Operating cash flow2.4Capital expenditure−1.4Free cash flow1.0Buybacks−0.3Fiscal year 2019Operating cash flow1.0Capital expenditure−0.7Free cash flow0.3 −73.4%Buybacks−0.1Fiscal year 2020Operating cash flow1.4Capital expenditure−0.5Free cash flow0.9 +215.8%Fiscal year 2021Operating cash flow−4.5Capital expenditure−1.3Free cash flow−5.8 −764.2%Fiscal year 2022Operating cash flow5.4Capital expenditure−2.4Free cash flow3.0Fiscal year 2023Operating cash flow1.8Capital expenditure−1.3Free cash flow0.5 −84.0%Fiscal year 2024Operating cash flow−2.3Capital expenditure−1.3Free cash flow−3.5 −825.8%Fiscal year 2025Operating cash flow2.7Capital expenditure−0.7Free cash flow2.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 3.5 0.8 2.4 1.0 1.4 −4.5 5.4 1.8 −2.3 2.7
Capital expenditure −2.0 −0.8 −1.4 −0.7 −0.5 −1.3 −2.4 −1.3 −1.3 −0.7
Free cash flow 1.6 −0.0 1.0 0.3 0.9 −5.8 3.0 0.5 −3.5 2.1
Growth −100.4% −73.4% +215.8% −764.2% −84.0% −825.8%
Buybacks n/a −0.0 −0.3 −0.1 n/a n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.3Total debt6.5Net cash (debt)−6.2Shareholders’ equity22.3Debt to equity0.29Fiscal year 2017Cash0.5Total debt5.4Net cash (debt)−4.9Shareholders’ equity19.8Debt to equity0.27Fiscal year 2018Cash0.5Total debt4.4Net cash (debt)−3.9Shareholders’ equity21.1Debt to equity0.21Fiscal year 2019Cash0.4Total debt3.6Net cash (debt)−3.3Shareholders’ equity20.0Debt to equity0.18Fiscal year 2020Cash0.4Total debt7.1Net cash (debt)−6.7Shareholders’ equity18.7Debt to equity0.38Fiscal year 2021Cash0.6Total debt0.0Net cash (debt)0.6Shareholders’ equity26.1Debt to equity0.00Fiscal year 2022Cash1.0Shareholders’ equity28.1Fiscal year 2023Cash1.0Shareholders’ equity35.3Fiscal year 2024Cash0.9Shareholders’ equity34.0Fiscal year 2025Cash1.7Shareholders’ equity34.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.3 0.5 0.5 0.4 0.4 0.6 1.0 1.0 0.9 1.7
Total debt 6.5 5.4 4.4 3.6 7.1 0.0 n/a n/a n/a n/a
Net cash (debt) −6.2 −4.9 −3.9 −3.3 −6.7 0.6 n/a n/a n/a n/a
Shareholders’ equity 22.3 19.8 21.1 20.0 18.7 26.1 28.1 35.3 34.0 34.5
Debt to equity 0.29 0.27 0.21 0.18 0.38 0.00 n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
116.6 112.3 113.4 116.3 104.1 115.2 134.1 139.3 128.1 118.4
Growth −3.7% +0.9% +2.6% −10.5% +10.6% +16.5% +3.9% −8.0% −7.6%
102.8 100.2 100.1 103.8 94.4 99.3 113.6 116.2 111.4 100.4
13.8 12.1 13.3 12.6 9.7 15.9 20.5 23.1 16.7 18.0
Growth −12.4% +9.8% −5.5% −23.1% +64.1% +29.1% +12.8% −27.6% +7.7%
n/a n/a n/a n/a 0.0 0.5 1.5 1.2 1.2 1.2
8.3 8.1 8.4 9.6 9.3 10.0 11.4 12.4 11.7 10.8
0.6 −1.3 1.2 0.2 −0.6 2.3 3.9 6.0 −0.2 1.0
Growth −301.6% −82.1% −375.0% +71.1% +53.1% −103.3%
0.1 −2.1 0.5 −0.8 −1.2 8.0 3.5 5.5 −0.9 0.0
0.0 0.4 0.3 0.4 0.3 0.9 1.5 −1.4 0.4 0.3
0.0 −2.4 0.2 −1.2 −1.5 7.2 2.0 6.9 −1.3 −0.3
Growth −5,687.8% −839.8% −71.9% +242.0% −118.8%
Per share
0.02 −0.89 0.06 −0.46 −0.58 2.68 0.75 2.53 −0.47 −0.09
0.02 −0.89 0.06 −0.46 −0.58 2.54 0.70 2.38 −0.47 −0.09
Growth −4,550.0% −866.7% −72.4% +240.0% −119.7%
2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.8 2.8
2.7 2.7 2.7 2.7 2.7 2.8 2.9 2.9 2.8 2.8
Growth −0.1% −1.7% −1.3% −0.3% +6.2% +2.5% −0.2% −4.5% +0.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.6% a year over five years.
  • The diluted share count rose 4.5% in five years, which is dilution.
  • Operating margin is up 1.4 points on five years ago, at 0.8%.
  • A net loss in 5 of 10 years on file.