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Nortech Systems Incorporated (NSYS)
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Nortech Systems Incorporated Income Statement 2025-2009 | NSYS
Brief overview of revenue and earnings at Nortech Systems Incorporated
The comparison covers a five-year financial horizon. Revenue reported by Nortech Systems Incorporated was $104 million at the beginning of the period and $118 million at the end. The total change was +13.7%, with a CAGR of approximately 2.6%. The business did not achieve meaningful top-line expansion.
The gross result shifted from 8.5 million dollars to 18 million dollars, or +113%. Direct costs grew more slowly than revenue and improved the economics of sales. The gross margin was 8.1% at the start and 15.2% at the end. The margin shift points to a more favorable sales-and-cost structure.
EBITDA changed from −425 thousand dollars to 2.2 million dollars (+628.2%). EBITDA expanded faster than the top line. EBITDA margin moved from −0.4% to 1.9%. Higher profitability strengthens the quality of operating growth.
The final result was −1.5 million dollars initially and −252 thousand dollars in the final year. The direction improved, yet positive earnings are still absent.
The five-year change in capitalization reached +42.2%: from 19.3 million dollars to 27.4 million dollars. Capitalization grew more slowly than the underlying results.
What the figures show
The figures do not all move in the same direction. Key strengths include higher operating efficiency, improving net profitability and improving gross profitability. The main areas of concern are limited operating profitability and weak sales momentum. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Nortech Systems Incorporated
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
27.4 M | 26.2 M | 29.1 M | 31.6 M | 27.8 M | 19.3 M | 12.4 M | 11.3 M | 10.4 M | 11.1 M | 10.9 M | 15.6 M | 14.3 M | 8.31 M | 10.8 M | 10.4 M | - |
Shares |
2.78 M | 2.76 M | 2.72 M | 2.69 M | 2.66 M | 2.66 M | 2.66 M | 2.7 M | 2.75 M | 2.75 M | 2.75 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | - |
Historical Prices |
9.87 | 9.5 | 10.7 | 11.8 | 10.4 | 7.57 | 3.97 | 4.6 | 3.5 | 4.29 | 4.05 | 5.61 | 5.09 | 3.35 | 4.08 | 3.79 | 2.98 |
Net Income |
-252 K | -1.3 M | 6.87 M | 2.01 M | 7.15 M | -1.55 M | -1.23 M | 166 K | -2.45 M | 43.8 K | -571 K | 880 K | 787 K | 629 K | 1.19 M | 507 K | - |
Revenue |
118 M | 14.4 M | 13.4 M | 134 M | 115 M | 104 M | 116 M | 113 M | 112 M | 117 M | 115 M | 112 M | 111 M | 107 M | 114 M | - | - |
Cost of Revenue |
100 M | 111 M | 116 M | 114 M | 99.3 M | 94.4 M | 104 M | 100 M | 100 M | 103 M | 103 M | 98.7 M | 97.9 M | 94.5 M | 101 M | 88.4 M | - |
Gross Profit |
18 M | 16.7 M | 23.1 M | 20.5 M | 15.9 M | 8.46 M | 12.6 M | 13.3 M | 12.1 M | 13.8 M | 12.1 M | 13.3 M | 13.1 M | 12.4 M | 13.3 M | 11.4 M | - |
Operating Income |
975 K | -195 K | 5.95 M | 3.89 M | 2.27 M | -616 K | 224 K | 1.25 M | -1.27 M | 629 K | -422 K | 1.33 M | 1.46 M | 1.46 M | 1.51 M | 1.23 M | - |
Interest Expense |
- | - | 487 K | 411 K | 430 K | 620 K | 1.04 M | 757 K | 628 K | 550 K | 465 K | 368 K | 389 K | 440 K | 511 K | 429 K | - |
EBITDA |
2.24 M | 1.45 M | 7.84 M | 5.66 M | 4.05 M | -425 K | 2.44 M | 3.44 M | 1.78 M | 2.92 M | 1.84 M | 3.36 M | 3.47 M | 3.32 M | 3.55 M | 2.78 M | - |
Operating Expenses |
17 M | 16.9 M | 17.2 M | 16.6 M | 13.6 M | 9.07 M | 12.4 M | 12.1 M | 12.8 M | 13.2 M | 12.5 M | 12 M | 11.7 M | 10.9 M | 11.8 M | 10.2 M | - |
General and Administrative Expenses |
10.8 M | 11.7 M | 12.4 M | 11.4 M | 10 M | 8.04 M | 9.63 M | 8.43 M | 8.09 M | 8.26 M | 7.23 M | 6.94 M | 6.86 M | 6.64 M | 8.19 M | 7.08 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Nortech Systems Incorporated
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
2.77 B | 2.79 M | - | 2.79 M | 2.77 M | 2.76 M | 2.76 M | 2.76 M | 2.76 M | 2.74 M | 2.74 M | 2.74 M | 2.72 M | 2.69 M | 2.69 M | 2.69 M | 2.68 M | 2.68 M | 2.67 M | 2.67 M | 2.66 M | 2.66 M | 2.66 M | 2.66 M | 2.66 M | 2.66 M | 2.66 M | 2.66 M | 2.68 M | 2.66 M | 2.74 M | 2.68 M | 2.7 B | 2.72 M | 2.74 M | 2.75 M | 2.75 M | 2.75 M | 2.75 M | 2.75 M | 2.75 M | 2.75 M | 2.75 M | 2.75 M | 2.75 M | 2.74 M | 2.75 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M | 2.74 M |
Net Income |
313 K | -34 K | - | -146 K | 313 K | -1.32 M | - | -739 K | 157 K | 765 K | - | 1.21 M | 634 K | 681 K | - | 1.53 M | 719 K | 138 K | - | 3.56 M | 179 K | -1.55 M | - | 1.97 M | -123 K | 137 K | - | 413 K | -1.55 M | -363 K | - | 364 K | 390 K | -391 K | - | 43 K | -16 K | -15 K | - | 63.3 K | -180 K | 62.9 K | - | -124 K | -378 K | -193 K | - | 333 K | 247 K | 86.2 K | - | 218 K | 187 K | 141 K | - | 105 K | 126 K | 123 K | - | 183 K | 146 K | 626 K |
Revenue |
30.7 M | 11.8 M | - | 30.5 M | 30.7 M | 13.4 M | - | 31.4 M | 33.9 M | 34.2 M | - | 33.4 M | 35 M | 34.9 M | - | 35.3 M | 32.5 M | 30.7 M | - | 29.5 M | 30.2 M | 22.1 M | - | 26.4 M | 26.5 M | 27.4 M | - | 30.1 M | 27.3 M | 28.2 M | - | 29.6 M | 28.5 M | 26.4 M | - | 28.3 M | 30.1 M | 28.3 M | - | 29.7 M | 28.9 M | 29 M | - | 30.4 M | 26.8 M | 26.5 M | - | 28 M | 27.4 M | 26.1 M | - | 27.4 M | 28.5 M | 25.9 M | - | 25.5 M | 28 M | 28.4 M | - | 28.3 M | 27.8 M | 29 M |
Cost of Revenue |
25.8 M | 25.6 M | - | 25.5 M | 25.8 M | 23.8 M | - | 27.6 M | 29.3 M | 28.8 M | - | 28 M | 29.5 M | 29.4 M | - | 28.9 M | 27.5 M | 26.7 M | - | 21.4 M | 26.6 M | 20.5 M | - | 24.4 M | 23.7 M | 24.4 M | - | 26.4 M | 25 M | 25.2 M | - | 26.2 M | 24.7 M | 23.4 M | - | 24.8 M | 26.8 M | 25.2 M | - | 25.9 M | 25.8 M | 25.6 M | - | 27.5 M | 24.4 M | 23.7 M | - | 24.5 M | 24.1 M | 23.1 M | - | 24.4 M | 25.1 M | 22.7 M | - | 22.7 M | 24.9 M | 25.4 M | - | 25 M | 24.6 M | 25.8 M |
Gross Profit |
4.84 M | 4.7 M | - | 5.02 M | 4.84 M | 3.08 M | - | 3.84 M | 4.62 M | 5.45 M | - | 5.32 M | 5.47 M | 5.48 M | - | 6.33 M | 5 M | 4.04 M | - | 8.04 M | 3.58 M | 1.56 M | - | 1.96 M | 2.72 M | 3 M | - | 3.64 M | 2.32 M | 2.96 M | - | 3.39 M | 3.82 M | 3.03 M | - | 3.52 M | 3.36 M | 3.09 M | - | 3.79 M | 3.12 M | 3.38 M | - | 2.89 M | 2.43 M | 2.87 M | - | 3.53 M | 3.28 M | 3.07 M | - | 3.02 M | 3.36 M | 3.24 M | - | 2.78 M | 3.09 M | 3.01 M | - | 3.29 M | 3.24 M | 3.2 M |
Operating Income |
742 K | 47 K | - | 945 K | 742 K | -1.61 M | - | -467 K | 344 K | 1.16 M | - | 1.12 M | 1.1 M | 1.05 M | - | 1.94 M | 1.02 M | 169 K | - | 4.92 M | 406 K | -2.18 M | - | 2.71 M | 49 K | 391 K | - | 713 K | -1.21 M | -104 K | - | 649 K | 734 K | -120 K | - | 284 K | 95 K | 121 K | - | 190 K | -110 K | 221 K | - | -65.6 K | -483 K | -202 K | - | 473 K | 347 K | 236 K | - | 376 K | 373 K | 224 K | - | 329 K | 319 K | 328 K | - | 420 K | 339 K | 287 K |
Interest Expense |
- | - | - | - | - | - | - | - | - | 167 K | - | 130 K | 125 K | 110 K | - | 122 K | 117 K | 98 K | - | 112 K | 116 K | 86 K | - | 126 K | 176 K | 224 K | - | 256 K | 279 K | 245 K | - | 170 K | 209 K | 172 K | - | 172 K | 142 K | 140 K | - | 139 K | 139 K | 132 K | - | 134 K | 112 K | 95.2 K | - | 89.6 K | 92.1 K | 90 K | - | 104 K | 105 K | 93.5 K | - | 112 K | 100 K | 137 K | - | 130 K | 142 K | 120 K |
EBITDA |
746 K | 350 K | - | - | - | -1.27 M | - | - | 384 K | 1.6 M | - | 1.16 M | 1.14 M | 1.56 M | - | 1.98 M | 1.06 M | 655 K | - | 6.42 M | 1.37 M | -1.7 M | - | 4.41 M | 1.18 M | 958 K | - | 2.36 M | -113 K | 466 K | - | 2.3 M | 1.84 M | 441 K | - | 2.16 M | 1.33 M | 716 K | - | 1.76 M | 919 K | 738 K | - | 1.55 M | 580 K | 315 K | - | 1.99 M | 1.35 M | 734 K | - | 1.88 M | 1.38 M | 733 K | - | 1.71 M | 1.23 M | 777 K | - | 1.87 M | 1.31 M | 775 K |
Operating Expenses |
4.1 M | 4.66 M | - | 4.08 M | 4.1 M | 4.69 M | - | 4.3 M | 4.27 M | 4.29 M | - | 4.2 M | 4.38 M | 4.43 M | - | 4.38 M | 3.98 M | 3.88 M | - | 3.12 M | 3.18 M | 3.74 M | - | -747 K | 2.68 M | 2.61 M | - | 2.92 M | 3.53 M | 3.06 M | - | 2.74 M | 3.08 M | 3.15 M | - | 3.23 M | 3.27 M | 2.97 M | - | 3.6 M | 3.23 M | 3.16 M | - | 2.96 M | 2.91 M | 3.07 M | - | 3.05 M | 2.94 M | 2.84 M | - | 2.64 M | 2.99 M | 3.01 M | - | 2.46 M | 2.77 M | 2.68 M | - | 2.87 M | 2.9 M | 2.91 M |
General and Administrative Expenses |
2.59 M | 3.01 M | - | 2.59 M | 2.59 M | 2.92 M | - | 2.95 M | 2.98 M | 3.17 M | - | 2.96 M | 3.1 M | 3.26 M | - | 2.95 M | 2.67 M | 2.73 M | - | 2.04 M | 2.42 M | 2.8 M | - | 2.48 M | 1.95 M | 1.99 M | - | 2.33 M | 2.74 M | 2.3 M | - | 2.02 M | 2.05 M | 2.11 M | - | 2.09 M | 1.94 M | 2.12 M | - | 2.47 M | 1.92 M | 1.85 M | - | 1.71 M | 1.6 M | 1.7 M | - | 1.75 M | 1.79 M | 1.72 M | - | 1.41 M | 1.79 M | 1.82 M | - | 1.46 M | 1.62 M | 1.59 M | - | 1.97 M | 2.02 M | 1.98 M |
Quarterly performance
Select metrics to display
All numbers in USD currency
The income statement is one of the three key financial reports of a company Nortech Systems Incorporated (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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