NSYS
Nortech Systems Incorporated7.17
+0.18+2.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
19.99MP/E (TTM)
-Basic EPS (TTM)
-0.95Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Nortech Systems posted Q3 net sales of $30.5M, down 2.9% y/y yet lifting gross margin to 16.5% from 12.2% on better plant utilization post-Blue Earth closure. Operating income swung to $945K from a $467K loss, while YTD sales fell 11.5% to $88.1M with breakeven ops; net loss widened to $1.1M from $183K profit, pinned by $818K tax expense and GILTI impacts. Cash holds at $1.3M, revolver at $12.0M (8.0%, $3.0M available) maturing Aug 2026 amid refinancing plans. Backlog jumped 17.8% q/q to $31.3M. Covenants bind tight.
8-K
Q3 loss narrows sharply
Nortech Systems reported Q3 net sales of $30.5M, down 2.9% from $31.4M last year, yet narrowed its net loss to $(0.05) per share from $(0.27). Restructuring boosted adjusted EBITDA to $1.3M from $0.1M; gross profit surged 31%. Monterrey facility earned AS9100:D certification. Backlog grew to $31.3M.
8-K
Director Sen exits 2026
10-Q
Q2 FY2025 results
Nortech Systems posted Q2 net sales of $30.7M, down 9.5% y/y yet gross margin expanded to 15.8% from 13.6% on better mix and utilization; operating income hit $742K, up 116% y/y. Q/Q, sales dipped from YTD pace while YTD swung to $(871)K operating loss from $1.5M profit, dragged by $266K restructuring tied to Blue Earth closure (sold July 2025 for $500). Cash dipped to $652K, offset by $11.6M revolver draw (7.8% rate, $3.4M availability) under amended covenants deferring ratios to Q4. Diluted EPS $0.12 reconciles cleanly. Backlog grew 7% y/y to $78M. Debt covenant waivers carry risk of acceleration.
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