NSYS · XBRL financial data

Nortech Systems financial statements, every fiscal year

The same tables from 8 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NSYS's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	—	—	—	13,430	14,371	12,219
Revenue from contracts with customers	104,106	115,168	134,123	139,332	128,133	118,365
Cost of goods and services sold	95,651	99,304	113,643	116,228	111,411	100,359
Gross profit	8,455	15,864	20,480	23,104	16,722	18,006
Research and development	0	483	1,463	1,199	1,191	1,172
General and administrative	8,043	10,002	11,425	12,354	11,709	10,790
Total operating expenses	9,071	13,592	16,592	17,151	16,917	17,031
Operating income (loss)	(616)	2,272	3,888	5,953	(195)	975
Interest expense	620	430	411	487	744	964
Income tax expense (benefit)	310	859	1,467	(1,408)	356	263
Net income (loss)	(1,546)	7,154	2,010	6,874	(1,295)	(252)
Earnings per share, basic USD per share	(0.58)	2.68	0.75	2.53	(0.47)	(0.09)
Earnings per share, diluted USD per share	(0.58)	2.54	0.70	2.38	(0.47)	(0.09)
Weighted average shares, basic thousands of shares	2,658	2,665	2,685	2,722	2,755	2,777
Weighted average shares, diluted thousands of shares	2,658	2,822	2,891	2,886	2,755	2,777

Fiscal years (NSYS's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	352	643	1,027	960	916	1,655
Accounts receivable	15,625	14,548	15,975	19,279	14,875	16,998
Inventory	13,917	19,434	22,438	21,660	21,638	20,695
Prepaid and other current assets	2,032	1,660	1,334	1,698	4,094	1,618
Total current assets	41,037	51,774	54,860	58,793	55,315	56,150
Property and equipment, net	6,426	5,833	6,408	6,513	6,232	5,203
Right-of-use asset	8,998	8,983	7,850	6,917	8,139	7,016
Total assets	57,634	67,091	69,540	75,127	72,435	71,919
Accounts payable	11,239	12,710	14,792	15,924	11,582	12,809
Current portion of long-term debt	1,204	0	—	—	—	—
Total current liabilities	19,536	22,306	26,398	26,582	21,428	29,844
Long-term debt	5,865	—	—	—	—	—
Lease liability, non-current	8,889	8,695	7,549	6,763	7,773	6,476
Total liabilities	38,916	40,980	41,460	39,783	38,430	37,372
Retained earnings	2,662	9,816	11,826	18,670	17,375	17,123
Total stockholders' equity	18,718	26,111	28,080	35,344	34,005	34,547
Total liabilities and equity	57,634	67,091	69,540	75,127	72,435	71,919
Common shares outstanding (cover page) thousands of shares	2,660	2,682	2,701	2,740	2,761	2,786

Fiscal years (NSYS's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(1,546)	7,154	2,010	6,874	(1,295)	(252)
Stock-based compensation	68	111	334	423	461	503
Net cash from operating activities	1,363	(4,540)	5,402	1,769	(2,250)	2,743
Purchases of property and equipment	485	1,292	2,370	1,284	1,270	661
Net cash from investing activities	5,500	(730)	(2,426)	(1,284)	(1,263)	(157)
Proceeds from long-term debt	6,077	0	—	—	—	—
Repayments of long-term debt	2,684	1,128	0	—	—	—
Net cash from financing activities	(3,959)	3,931	(2,667)	(1,281)	2,765	(1,867)
Net change in cash	2,904	(1,339)	256	(806)	(759)	739

SIC 3679 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3679 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Nortech Systems	1,380	(400)*	(888)*	2.9M	1.6 quarters	Q2 FY26 10-QJun 30, 2026
Ambiq Micro	366,774	33,901	(9,505)*	24.2M	38.6 quarters	Q2 FY26 10-QJun 30, 2026
IEH	9,360	10,021	(213)	2.5M	44.0 quarters	Q1 FY27 10-QJun 30, 2026
SUNation Energy	3,061	8,162	(1,100)*	6.5M	2.8 quarters	Q2 FY26 10-QJun 30, 2026
Ascent Solar Technologies	14,538	95	(1,789)*	9.8M	8.1 quarters	Q2 FY26 10-QJun 30, 2026
Guerrilla RF	6,321	10,096	2,334*	10.9M	—	Q3 FY26 10-QSep 30, 2026
LGL Group	45,115	1,153	(393)*	12.6M	114.9 quarters	Q2 FY26 10-QJun 30, 2026
Peraso	3,322	1,307	(1,574)*	15.1M	2.1 quarters	Q2 FY26 10-QJun 30, 2026
SemiLEDs	5,978	9,074	2,197*	8.3M	—	Q3 FY26 10-QMay 31, 2026

Not investment advice. Not affiliated with the U.S. SEC.