Nortech Systems Inc financial data

Symbol
NSYS on Nasdaq
Industry
Electronic Components, NEC
Location
7550 Meridian Circle N, Suite 150, Maple Grove, Minnesota
State of incorporation
Minnesota
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 225 % +4.73%
Quick Ratio 87.2 % +1.09%
Debt-to-equity 117 % -24.1%
Return On Equity 21.2 % +132%
Return On Assets 9.77 % +172%
Operating Margin 4.37 % +26.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 2.74M shares +1.46%
Common Stock, Shares, Outstanding 2.74M shares +2.55%
Entity Public Float 12.4M USD
Common Stock, Value, Issued 27K USD 0%
Weighted Average Number of Shares Outstanding, Basic 2.74M shares +1.88%
Weighted Average Number of Shares Outstanding, Diluted 2.91M shares +0.17%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 139M USD +0.26%
Research and Development Expense 1.24M USD -12%
General and Administrative Expense 12.3M USD +2.49%
Operating Income (Loss) 6.06M USD +26.9%
Nonoperating Income (Expense) -167K USD -51.8%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 5.51M USD +26.7%
Income Tax Expense (Benefit) -1.45M USD -181%
Net Income (Loss) Attributable to Parent 6.96M USD +173%
Earnings Per Share, Basic 2.56 USD/shares +169%
Earnings Per Share, Diluted 2.41 USD/shares +174%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 4.03M USD +218%
Accounts Receivable, after Allowance for Credit Loss, Current 16.1M USD -1.04%
Inventory, Net 23M USD +7.53%
Assets, Current 59.1M USD +6.38%
Deferred Income Tax Assets, Net 2.64M USD
Property, Plant and Equipment, Net 6.13M USD -6.25%
Operating Lease, Right-of-Use Asset 7.34M USD -2.94%
Assets 75.5M USD +7.7%
Accounts Payable, Current 15.2M USD +16.3%
Employee-related Liabilities, Current 4.77M USD -21.1%
Contract with Customer, Liability, Current 3.14M USD -35%
Liabilities, Current 25.7M USD -6.3%
Deferred Income Tax Liabilities, Net 278K USD
Operating Lease, Liability, Noncurrent 6.98M USD -4.39%
Other Liabilities, Noncurrent 410K USD +336%
Liabilities 39.4M USD -4.14%
Accumulated Other Comprehensive Income (Loss), Net of Tax -715K USD -117%
Retained Earnings (Accumulated Deficit) 19.4M USD +55.8%
Stockholders' Equity Attributable to Parent 36M USD +24.6%
Liabilities and Equity 75.5M USD +7.7%

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 +2.02%
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 4.03M USD +53%
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 8.21M USD -2.55%
Depreciation 482K USD -4.55%
Payments to Acquire Property, Plant, and Equipment 744K USD +50%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 6.57M USD +204%
Lessee, Operating Lease, Liability, to be Paid 11.7M USD -5.7%
Operating Lease, Liability, Current 1.24M USD +9.29%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.58M USD +25%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.64M USD +7.85%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure 0%
Deferred Income Tax Expense (Benefit) -2.36M USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.51M USD -12.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.29M USD +4.81%
Deferred Tax Assets, Operating Loss Carryforwards 0 USD -100%
Preferred Stock, Shares Issued 250K shares 0%
Deferred Federal Income Tax Expense (Benefit) -2.36M USD
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 131K USD +162%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.28M USD +1.83%
Operating Lease, Payments 459K USD -6.9%
Additional Paid in Capital 17M USD +3.2%
Preferred Stock, Shares Outstanding 250K shares 0%
Current State and Local Tax Expense (Benefit) 75K USD +36.4%
Current Federal Tax Expense (Benefit) 388K USD -54.6%
Amortization of Intangible Assets 159K USD +3.25%
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%
Deferred State and Local Income Tax Expense (Benefit) -241K USD
Interest Expense 544K USD +28.6%
Preferred Stock, Par or Stated Value Per Share 1 USD/shares 0%