Nortech Systems Inc financial data

Symbol
NSYS on Nasdaq
Industry
Electronic Components, NEC
Location
7550 Meridian Circle N, Suite 150, Maple Grove, MN
State of incorporation
Minnesota
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 232 % +9.3%
Quick Ratio 90 % +6.58%
Debt-to-equity 112 % -22.9%
Return On Equity 18.8 % +118%
Return On Assets 8.85 % +152%
Operating Margin 3.85 % +11.9%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 2.76M shares +0.91%
Common Stock, Shares, Outstanding 2.76M shares +0.91%
Entity Public Float 12.4M USD
Common Stock, Value, Issued 28K USD +3.7%
Weighted Average Number of Shares Outstanding, Basic 2.76M shares +1.55%
Weighted Average Number of Shares Outstanding, Diluted 2.94M shares +2.26%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 138M USD -2.33%
Research and Development Expense 1.22M USD -11.8%
General and Administrative Expense 12.1M USD -2.11%
Operating Income (Loss) 5.3M USD +9.37%
Nonoperating Income (Expense) -167K USD -51.8%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 4.72M USD +6.82%
Income Tax Expense (Benefit) -1.77M USD -191%
Net Income (Loss) Attributable to Parent 6.48M USD +163%
Earnings Per Share, Basic 2.39 USD/shares +163%
Earnings Per Share, Diluted 2.24 USD/shares +164%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.54M USD +97.4%
Accounts Receivable, after Allowance for Credit Loss, Current 17.6M USD +0.99%
Inventory, Net 22.8M USD +8.14%
Assets, Current 59.2M USD +8.84%
Deferred Income Tax Assets, Net 2.64M USD
Property, Plant and Equipment, Net 6M USD -7.46%
Operating Lease, Right-of-Use Asset 8.27M USD +14.1%
Assets 76.3M USD +11.4%
Accounts Payable, Current 12.7M USD -17%
Employee-related Liabilities, Current 2.61M USD -13%
Contract with Customer, Liability, Current 5.45M USD +64.2%
Liabilities, Current 23.3M USD -4.52%
Deferred Income Tax Liabilities, Net 278K USD
Operating Lease, Liability, Noncurrent 7.95M USD +12.4%
Other Liabilities, Noncurrent 409K USD +331%
Liabilities 40.1M USD +3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -890K USD -45.7%
Retained Earnings (Accumulated Deficit) 19.6M USD +49.4%
Stockholders' Equity Attributable to Parent 36.1M USD +22.6%
Liabilities and Equity 76.3M USD +11.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 2.83M USD +64.6%
Net Cash Provided by (Used in) Financing Activities 274K USD
Net Cash Provided by (Used in) Investing Activities -735K USD -48.2%
Common Stock, Shares Authorized 9M shares 0%
Common Stock, Shares, Issued 2.76M shares +0.91%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 2.35M USD +1448%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.54M USD -19.5%
Interest Paid, Excluding Capitalized Interest, Operating Activities 134K USD +3.88%
Deferred Tax Assets, Valuation Allowance 0 USD -100%
Deferred Tax Assets, Gross 4.43M USD +4.6%
Operating Lease, Liability 9.12M USD +12.2%
Depreciation 482K USD -4.55%
Payments to Acquire Property, Plant, and Equipment 744K USD +50%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 6.2M USD +204%
Lessee, Operating Lease, Liability, to be Paid 12.9M USD +8.07%
Operating Lease, Liability, Current 1.17M USD +10.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.76M USD +39%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.79M USD +18.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.81M USD -0.73%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.47M USD +19.8%
Deferred Tax Assets, Operating Loss Carryforwards 0 USD -100%
Preferred Stock, Shares Issued 250K shares 0%
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 131K USD +162%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.47M USD +17%
Operating Lease, Payments 459K USD -6.9%
Additional Paid in Capital 17.2M USD +2.71%
Preferred Stock, Shares Outstanding 250K shares 0%
Amortization of Intangible Assets 159K USD 0%
Depreciation, Depletion and Amortization 486K USD +1.89%
Deferred Tax Assets, Net of Valuation Allowance 4.43M USD +165%
Share-based Payment Arrangement, Expense 80K USD -19.2%
Interest Expense 544K USD +28.6%
Preferred Stock, Par or Stated Value Per Share 1 USD/shares 0%