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Nortech Systems Incorporated

Nortech Systems Incorporated

NSYS · NASDAQ · Healthcare / Medical Devices

10.78USD-0.14 (-1.28%)

Price History

Full chart

Market Stats

Previous Close10.92
Open11.26
Day Range10.54 – 11.26
52-Week Range6.50 – 18.01
Volume14.50K
Market Cap31.39M
P/E (TTM)30.56
Forward P/E0.00
EPS0.36
Dividend Yield0.00%
Beta-0.07
50-Day Avg12.64
200-Day Avg11.88

About

Nortech Systems Incorporated provides engineering design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of value-added engineering, technical, manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services. The company also manufacturing and engineering services that include complex electromedical and electromechanical product, such as medical devices, wire and cable assemblies, printed circuit board assemblies, complex higher-level assemblies, and other box builds for a range of industries. In addition, it offers engineering and repair services. The company serves original equipment manufacturers in the medical devices and imaging, aerospace and defense, and industrial markets through business development teams and independent manufacturers' representatives. Nortech Systems Incorporated was founded in 1990 and is headquartered in Maple Grove, Minnesota.

Company Details

  • SectorHealthcare
  • IndustryMedical Devices
  • CEOMr. Jay Dean Miller
  • Employees685
  • Headquarters7550 Meridian Circle N 150, Maple Grove, MN, United States, 55369, USA
  • Websitehttps://www.nortechsys.com

Leadership

  • Mr. Jay Dean MillerPresident, CEO & Director · b. 1960
  • Mr. Andrew D. C. LaFrence CPACFO & SVP of Finance · b. 1963
  • Mr. Andrew WalkoSenior Vice President of Global Operations · b. 1985
  • Mr. Corey HancockSenior Vice President of Sales & Business Development
  • Ms. Monica HamlingSenior Vice President of People Operations & Culture
  • Mr. Alan NordstromCorporate Controller
  • Mark T. HooleySecretary

Financials

Income Statement

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue11.70M12.80M18.30M26.20M36.40M40.40M38.48M54.75M58.46M60.66M57.96M72.67M84.22M105.15M118.10M121.85M79.94M99.82M114.24M106.94M111.06M112.04M115.19M116.62M112.33M113.37M116.33M104.11M115.17M134.12M139.33M128.13M118.36M
Growth (%)-+9.40%+42.97%+43.17%+38.93%+10.99%-4.75%+42.28%+6.77%+3.75%-4.45%+25.39%+15.88%+24.85%+12.32%+3.18%-34.40%+24.87%+14.44%-6.39%+3.85%+0.89%+2.81%+1.24%-3.68%+0.92%+2.61%-10.51%+10.63%+16.46%+3.88%-8.04%-7.62%
Cost of Revenue9.10M10.00M14.10M20.90M28.50M32.70M31.03M43.33M48.01M50.14M51.46M64.14M74.18M92.37M101.92M105.00M74.14M88.39M100.89M94.54M97.94M98.71M103.13M102.78M100.22M100.06M103.76M95.65M99.30M113.64M116.23M111.41M100.36M
Gross Profit2.60M2.80M4.20M5.30M7.90M7.70M7.45M11.43M10.45M10.52M6.49M8.54M10.03M12.78M16.18M16.86M5.80M11.43M13.34M12.39M13.12M13.33M12.06M13.84M12.12M13.31M12.58M8.46M15.86M20.48M23.10M16.72M18.01M
Gross Margin22.22%21.88%22.95%20.23%21.70%19.06%19.36%20.87%17.87%17.34%11.21%11.75%11.91%12.15%13.70%13.83%7.25%11.45%11.68%11.59%11.81%11.90%10.47%11.87%10.79%11.74%10.81%8.12%13.77%15.27%16.58%13.05%15.21%
Operating Expense1.70M1.80M2.80M4.30M5.90M6.20M4.99M7.35M6.21M6.30M5.71M7.21M7.92M10.13M12.53M13.39M11.28M10.20M11.83M10.93M11.66M12.00M12.48M13.21M13.39M12.06M12.35M10.52M13.59M16.59M17.15M16.92M16.77M
Operating Income900.00K1.00M1.40M1.00M2.00M1.50M2.46M4.08M4.23M4.22M785.19K1.33M2.11M2.65M3.65M3.47M-5.48M1.23M1.51M1.46M1.46M1.33M-422.05K629.06K-1.27M1.25M224.00K-2.06M2.27M3.89M5.95M-195.00K1.24M
Operating Margin7.69%7.81%7.65%3.82%5.49%3.71%6.40%7.44%7.24%6.95%1.35%1.83%2.51%2.52%3.09%2.85%-6.86%1.23%1.32%1.37%1.31%1.19%-0.37%0.54%-1.13%1.10%0.19%-1.98%1.97%2.90%4.27%-0.15%1.05%
EBITDA1.10M1.20M1.80M1.70M3.10M2.60M3.40M5.15M4.23M4.22M785.19K2.83M3.70M4.25M5.47M5.44M-3.79M3.01M4.28M3.23M3.49M3.36M1.84M2.92M1.23M3.44M2.44M131.00K10.39M5.81M8.00M1.54M2.26M
EBITDA Margin9.40%9.38%9.84%6.49%8.52%6.44%8.85%9.40%7.24%6.95%1.35%3.89%4.39%4.04%4.63%4.46%-4.74%3.01%3.75%3.02%3.14%3.00%1.59%2.51%1.10%3.03%2.10%0.13%9.02%4.33%5.74%1.20%1.91%
Net Income1.00M1.20M1.30M400.00K700.00K300.00K-1.99M2.04M2.10M2.40M633.45K587.33K928.78K1.31M1.58M1.75M-3.84M506.77K1.19M629.44K787.38K880.02K-571.42K43.77K-2.45M166.00K-1.23M-1.55M7.15M2.01M6.87M-1.29M-252.00K
Net Income Margin8.55%9.38%7.10%1.53%1.92%0.74%-5.17%3.73%3.60%3.96%1.09%0.81%1.10%1.25%1.34%1.44%-4.80%0.51%1.04%0.59%0.71%0.79%-0.50%0.04%-2.18%0.15%-1.06%-1.49%6.21%1.50%4.93%-1.01%-0.21%
R&D--100.00K300.00K300.00K300.00K------------00000000-0483.00K1.46M1.20M1.19M1.17M
R&D as % of Total Revenue--0.55%1.15%0.82%0.74%------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.00%0.42%1.09%0.86%0.93%0.99%
Interest Expense100.00K100.00K200.00K500.00K01.00M0997.53K776.20K431.65K385.75K490.06K651.51K820.73K1.12M702.46K512.27K429.12K511.33K440.18K388.79K367.59K465.37K550.29K627.55K757.00K1.04M620.00K430.00K411.00K487.00K744.00K964.00K
Interest Expense % of Total Revenue0.85%0.78%1.09%1.91%0.00%2.48%0.00%1.82%1.33%0.71%0.67%0.67%0.77%0.78%0.95%0.58%0.64%0.43%0.45%0.41%0.35%0.33%0.40%0.47%0.56%0.67%0.90%0.60%0.37%0.31%0.35%0.58%0.81%

Balance Sheet

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets6.60M6.60M13.20M22.20M24.70M24.70M23.60M28.65M29.51M29.60M31.58M36.88M39.67M41.88M47.00M48.44M41.13M41.56M46.78M44.51M46.08M48.69M56.57M55.52M52.09M59.96M61.41M57.63M67.09M69.54M75.13M72.44M71.92M
Total Liabilities3.10M1.80M5.60M14.70M16.50M16.30M17.23M20.21M18.94M16.51M17.26M21.37M23.02M23.58M26.69M26.02M22.40M22.27M26.28M23.38M24.14M25.86M34.29M33.20M32.26M38.87M41.43M38.92M40.98M41.46M39.78M38.43M37.37M
Total Equity3.50M4.80M7.60M7.50M8.20M8.40M6.38M8.45M10.57M13.09M14.32M15.52M16.65M18.30M20.31M22.42M18.73M19.29M20.51M21.14M21.94M22.83M22.27M22.31M19.83M21.09M19.98M18.72M26.11M28.08M35.34M34.01M34.55M
Cash400.00K800.00K900.00K1.20M700.00K400.00K453.50K528.00K181.73K448.75K101.18K555.78K840.12K725.89K888.04K803.04K245.38K230.58K00066.37K887268.20K472.89K480.00K351.00K352.00K643.00K1.03M960.00K916.00K1.66M
Total Debt1.70M900.00K4.10M12.10M11.90M11.90M11.11M11.00M10.29M10.22M11.00M12.87M9.35M9.73M11.65M9.71M10.08M8.19M11.47M11.24M12.11M12.80M15.14M13.77M15.38M14.96M20.94M21.79M20.21M16.51M14.18M18.04M15.71M
Net Debt1.30M100.00K3.20M10.90M11.20M11.50M10.65M10.47M10.11M9.77M10.90M12.31M8.51M9.00M10.76M8.90M9.83M7.96M11.47M11.24M12.11M12.74M14.62M13.50M13.74M13.50M20.59M21.43M19.57M15.48M13.22M17.12M14.05M

Cash Flow

Currency: USD1993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.40M500.00K-100.00K200.00K500.00K2.00M855.04K1.05M2.88M-288.46K-324.13K5.12M2.84M4.34M4.03M-853.50K2.89M-874.11K4.62M275.94K1.58M3.40M3.53M806.25K2.44M997.00K1.36M-4.54M5.40M1.77M-2.25M2.74M
Investing Cash Flow-400.00K-200.00K-3.50M-2.30M-500.00K-800.00K-1.07M-481.86K-711.97K-1.73M-1.41M-1.42M-1.43M-3.41M-6.32M-2.30M-76.61K-1.03M-2.67M-4.40M-1.15M-2.19M-3.67M-1.95M-258.35K-1.39M-758.00K5.50M-730.00K-2.43M-1.28M-1.26M-157.00K
Financing Cash Flow200.00K-700.00K3.10M2.70M-200.00K-100.00K-850.48K-298.68K-684.17K-884.04K1.36M2.20M-3.33M449.27K2.14M-1.81M371.86K-1.88M3.32M-225.68K871.58K672.45K208.06K-1.39M-38.59K-889.00K-525.00K-3.96M3.93M-2.67M-1.28M2.77M-1.87M
Capital Expenditure400.00K200.00K3.40M2.30M800.00K500.00K1.07M938.55K712.00K1.08M1.42M1.45M1.43M2.98M1.51M2.32M680.46K626.63K1.27M4.43M1.20M2.19M1.68M1.96M927.14K1.40M758.00K519.00K1.29M2.44M1.28M1.27M661.00K
Free Cash Flow-400.00K1.20M-2.90M-2.40M-600.00K-928.45K-83.51K1.05M2.88M-288.46K-1.78M3.69M-138.26K2.83M1.71M-1.53M2.26M-2.14M188.82K-928.74K-606.33K1.72M1.58M-120.89K1.04M239.00K844.00K-5.83M2.96M485.00K-3.52M2.08M
Dividends Paid------------------0000000-7.00K------
FCF to OCF-85.71%-580.00%2400.00%-300.00%-46.45%-9.77%100.00%100.00%100.00%547.95%72.13%-4.86%65.18%42.50%179.73%78.32%245.34%4.09%-336.58%-38.36%50.56%44.65%-14.99%42.55%23.97%61.92%128.46%54.81%27.42%156.44%75.90%
Dividend Paid to FCF------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%-2.93%------

Earnings

Report DateNov 14, 1996Mar 27, 1997May 14, 1997Aug 13, 1997Nov 13, 1997Mar 17, 1998May 6, 1998Aug 11, 1998Nov 12, 1998Mar 16, 1999Mar 31, 1999Jun 30, 1999Sep 30, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Mar 31, 2001Jun 30, 2001Sep 30, 2001Mar 31, 2002Jun 30, 2002Sep 30, 2002Mar 31, 2003Jul 29, 2003Oct 22, 2003Mar 17, 2004May 3, 2004Jul 22, 2004Nov 11, 2004Mar 15, 2005May 3, 2005Aug 3, 2005Nov 2, 2005Mar 7, 2006May 10, 2006Aug 3, 2006Nov 1, 2006Mar 8, 2007May 9, 2007Aug 9, 2007Nov 1, 2007Mar 6, 2008May 15, 2008Aug 14, 2008Nov 6, 2008Mar 18, 2009May 13, 2009Aug 13, 2009Nov 5, 2009Mar 15, 2010May 13, 2010Aug 12, 2010Dec 31, 2010Mar 31, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Nov 5, 2014Mar 31, 2015May 6, 2015Aug 5, 2015Nov 4, 2015Mar 9, 2016May 4, 2016Aug 3, 2016Nov 2, 2016Mar 31, 2017May 11, 2017Aug 9, 2017Nov 8, 2017Mar 27, 2018May 11, 2018Aug 15, 2018Nov 14, 2018Mar 31, 2019Apr 1, 2019Aug 14, 2019Nov 12, 2019Mar 19, 2020May 13, 2020Aug 11, 2020Nov 12, 2020Mar 23, 2021May 13, 2021Aug 12, 2021Nov 11, 2021Mar 21, 2022May 10, 2022Aug 10, 2022Nov 9, 2022Mar 16, 2023May 11, 2023Aug 9, 2023Nov 8, 2023Mar 20, 2024May 16, 2024Aug 8, 2024Nov 6, 2024Mar 18, 2025May 12, 2025Aug 7, 2025Nov 13, 2025Dec 31, 2025Mar 31, 2026Aug 12, 2026Nov 12, 2026
EPS Estimate0.150.050.080.120.120.110.110.130.090.06------------------------------------------------------------------------------------------------------0.00----
EPS Actual0.090.170.060.070.060.090.110.080.05-0.100.11-0.49-0.620.170.190.230.210.120.150.250.210.220.050.090.17-0.060.020.040.090.080.040.050.100.170.100.120.110.160.110.130.150.190.230.200.180.03-0.47-0.56-0.31-0.050.030.050.050.230.050.070.080.040.050.040.100.050.070.080.090.030.090.120.08-0.07-0.14-0.050.040.02-0.070.020.04-0.01-0.01-0.010.02-0.80-0.140.140.14-0.14-0.07-0.580.160.100.05-0.050.73-1.33-0.580.061.241.760.050.250.53-0.140.230.220.421.510.260.05-0.27-0.54-0.480.12-0.050.31-0.010.11-
Surprise-40.00%240.00%-25.00%-41.67%-50.00%-18.18%0.00%-38.46%-44.44%-266.67%-----------------------------------------------------------------------------------------------------------
Timing-------------------------------------------------------------------------------------------------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hours----After-hours-

Key Statistics & Ratios

Market Cap31.39M
Enterprise Value49.06M
Trailing P/E30.56
Forward P/E0.00
PEG Ratio0.00
Price / Sales0.25
Price / Book0.92
EPS0.36
Book Value12.34
Revenue (TTM)124.65M
Gross Profit (TTM)20.50M
EBITDA3.74M
Profit Margin0.83%
Operating Margin1.86%
Return on Equity3.00%
Return on Assets2.03%
Shares Outstanding2.85M
Shares Float1.00M
Beta-0.07
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
8.07%
Insiders
64.03%
Retail / Other
27.90%

Top Institutional Holders

  • Renaissance Technologies Corp
    44.00K1.54%
  • Vanguard Capital Management, LLC
    27.89K0.98%
  • Chevy Chase Trust Holdings, Inc.
    15.83K0.55%
  • Dimensional Fund Advisors, Inc.
    10.62K0.37%
  • Vanguard Fiduciary Trust Co
    1.53K0.05%
  • Larson Financial Group, LLC
    2410.01%
  • FMR Inc
    950.00%
  • Rialto Wealth Management, LLC
    300.00%
  • Royal Bank of Canada
    40.00%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    16.59K0.58%
  • Fidelity Extended Market Index
    4.89K0.17%
  • DFA US Social Core Equity 2 Portfolio
    3.55K0.12%
  • iShares Micro-Cap ETF
    3.22K0.11%
  • DFA US Vector Equity Class F
    2.49K0.09%
  • Fidelity Series Total Market Index
    1.74K0.06%
  • DFA US Core Equity 1 I
    1.10K0.04%
  • Fidelity Nasdaq Composite Index
    1.10K0.04%
  • Dimensional US Core Equity 1 ETF
    7920.03%
  • DFA US Vector Equity I
    7900.03%
  • DFA US Core Equity Class F
    6370.02%

Dividends

19931×
0.06Aug 31, 1993