Nortech Systems Inc income statement
In fiscal 2025, Nortech Systems Inc reported revenue of $118m, down 7.6% on the year before, operating income of $975,000 (a 0.8% margin) and net income of −$252,000, or −$0.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 100 | 114 | 107 | 111 | 112 | 115 | 117 | 112 | 113 | 116 | 104 | 115 | 134 | 139 | 128 | 118 | 125 |
| Cost of revenue | 88 | 101 | 95 | 98 | 99 | 103 | 103 | 100 | 100 | 104 | 94 | 99 | 114 | 116 | 111 | 100 | 104 |
| Gross profit | 11 | 13 | 12 | 13 | 13 | 12 | 14 | 12 | 13 | 13 | 10 | 16 | 20 | 23 | 17 | 18 | 20 |
| Research and development | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| General and administrative | 7 | 8 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 10 | 9 | 10 | 11 | 12 | 12 | 11 | 12 |
| Operating income | 1 | 2 | 1 | 1 | 1 | −0 | 1 | −1 | 1 | 0 | −1 | 2 | 4 | 6 | −0 | 1 | 3 |
| Interest expense | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 |
| Income before tax | 1 | 2 | 1 | 1 | 1 | −1 | 0 | −2 | 0 | −1 | −1 | 8 | 3 | 5 | −1 | 0 | 2 |
| Income tax | 0 | 1 | 0 | 0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | −1 | 0 | 0 | 1 |
| Net income | 1 | 1 | 1 | 1 | 1 | −1 | 0 | −2 | 0 | −1 | −2 | 7 | 2 | 7 | −1 | −0 | 1 |
| Diluted EPS | $0.18 | $0.43 | $0.23 | $0.29 | $0.32 | −$0.21 | $0.02 | −$0.89 | $0.06 | −$0.46 | −$0.58 | $2.54 | $0.70 | $2.38 | −$0.47 | −$0.09 | $0.37 |
| Diluted shares (average) | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m |
| EBITDA | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 1 | 3 | 2 | 1 | 4 | 6 | 8 | 1 | 2 | 4 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 29 | 27 | 31 | 30 | 30 | 30 | 34 |
| Cost of revenue | 28 | 26 | 24 | 26 | 25 | 25 | 26 | 28 |
| Gross profit | 4 | 3 | 3 | 5 | 5 | 5 | 5 | 6 |
| Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General and administrative | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Operating income | −0 | −1 | −2 | 1 | 1 | 1 | 0 | 1 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −1 | −1 | −2 | 0 | 1 | 1 | −0 | 0 |
| Income tax | 0 | 0 | −1 | 0 | 1 | −0 | −0 | 0 |
| Net income | −1 | −1 | −1 | 0 | −0 | 1 | −0 | 0 |
| Diluted EPS | −$0.27 | −$0.53 | −$0.48 | $0.12 | −$0.05 | $0.32 | −$0.01 | $0.11 |
| EBITDA | −0 | −1 | −1 | 1 | 1 | 1 | 0 | 1 |
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