Symbols / NSYS $12.19 +2.87% Nortech Systems Incorporated

Healthcare • Medical Devices • United States • NCM
NSYS Chart
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.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Medical Devices Market Cap 33.96M
Enterprise Value 48.27M Income -252.00K Sales 118.36M
Book/sh 12.31 Cash/sh 0.59 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E — PEG —
P/S 0.29 P/B 0.99 P/C —
EV/EBITDA 19.09 EV/Sales 0.41 Quick Ratio 1.13
Current Ratio 1.88 Debt/Eq 45.47 LT Debt/Eq —
EPS (ttm) -0.09 EPS next Y — EPS Growth —
Revenue Growth 5.90% Earnings — ROA 1.07%
ROE -0.73% ROIC — Gross Margin 15.21%
Oper. Margin 2.97% Profit Margin -0.21% Shs Outstand 2.79M
Shs Float 938.65K Short Float 0.16% Short Ratio 0.62
Short Interest — 52W High 12.40 52W Low 6.50
Beta 0.04 Avg Volume 7.71K Volume 19.90K
Target Price — Recom None Prev Close $11.85
Price $12.19 Change 2.87%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$12.19
Latest analyst target
3. DCF / Fair value
$15.09
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$12.19
Low
—
High
—
Mean
—
News
RSS: Latest NSYS news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-05-19 PERIS JOSE ANTONIO Director — 6,876 $8.73 $60,027
2025-05-19 SEN DEBARATI Director — 6,876 $8.73 $60,027
2025-05-19 KUNIN DAVID B Director and Beneficial Owner of more than 10% of a Class of Security — 9,284 $8.73 $81,049
2025-05-19 KRUSE STACY A Director — 6,876 $8.73 $60,027
2025-05-19 MCMANUS RYAN P Director — 6,876 $8.73 $60,027
2025-05-19 FREDREGILL AMY S Director — 6,876 $8.73 $60,027
2024-05-20 PERIS JOSE ANTONIO Director — 1,981 $11.06 $21,910
2024-05-20 SEN DEBARATI Director — 3,255 $11.06 $36,000
2024-05-20 KUNIN DAVID B Director and Beneficial Owner of more than 10% of a Class of Security — 1,981 $11.06 $21,910
2024-05-20 KRUSE STACY A Director — 1,981 $11.06 $21,910
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
128.13
-8.04%
139.33
+3.88%
134.12
+16.46%
115.17
Operating Revenue
128.13
-8.04%
139.33
+3.88%
134.12
+16.46%
115.17
Cost Of Revenue
111.41
-4.14%
116.23
+2.27%
113.64
+14.44%
99.30
Reconciled Cost Of Revenue
111.41
-4.14%
116.23
+2.27%
113.64
+14.44%
99.30
Gross Profit
16.72
-27.62%
23.10
+12.81%
20.48
+29.10%
15.86
Operating Expense
16.35
-4.69%
17.15
+3.28%
16.61
+29.28%
12.85
Research And Development
1.19
-0.67%
1.20
-18.05%
1.46
+202.90%
0.48
Selling General And Administration
15.15
-5.00%
15.95
+5.34%
15.14
+22.49%
12.36
Selling And Marketing Expense
3.45
-4.22%
3.60
-3.25%
3.72
+57.52%
2.36
General And Administrative Expense
11.71
-5.22%
12.35
+8.13%
11.43
+14.23%
10.00
Other Gand A
11.71
-5.22%
12.35
+8.13%
11.43
+14.23%
10.00
Total Expenses
127.76
-4.22%
133.38
+2.40%
130.25
+16.14%
112.15
Operating Income
0.38
-93.68%
5.95
+53.71%
3.87
+28.33%
3.02
Total Operating Income As Reported
-0.20
-103.28%
5.95
+53.11%
3.89
+71.13%
2.27
EBITDA
1.54
-80.72%
8.00
+37.84%
5.81
-44.14%
10.39
Normalized EBITDA
2.11
-73.58%
8.00
+38.20%
5.79
+16.57%
4.97
Reconciled Depreciation
1.74
-15.22%
2.05
+6.88%
1.92
-1.64%
1.95
EBIT
-0.20
-103.28%
5.95
+53.11%
3.89
-53.95%
8.44
Total Unusual Items
-0.57
0.00
-100.00%
0.01
-99.72%
5.42
Total Unusual Items Excluding Goodwill
-0.57
0.00
-100.00%
0.01
-99.72%
5.42
Special Income Charges
-0.57
0.00
-100.00%
0.01
-99.72%
5.42
Other Special Charges
—
—
—
-6.17
Impairment Of Capital Assets
—
—
—
0.56
Restructuring And Mergern Acquisition
0.57
0.00
0.00
-100.00%
0.33
Net Income
-1.29
-118.84%
6.87
+241.99%
2.01
-71.90%
7.15
Pretax Income
-0.94
-117.18%
5.47
+57.20%
3.48
-56.61%
8.01
Net Non Operating Interest Income Expense
-0.74
-52.77%
-0.49
-18.49%
-0.41
+4.42%
-0.43
Interest Expense Non Operating
0.74
+52.77%
0.49
+18.49%
0.41
-4.42%
0.43
Net Interest Income
-0.74
-52.77%
-0.49
-18.49%
-0.41
+4.42%
-0.43
Interest Expense
0.74
+52.77%
0.49
+18.49%
0.41
-4.42%
0.43
Other Income Expense
-0.57
—
0.01
-99.72%
5.42
Tax Provision
0.36
+125.28%
-1.41
-195.98%
1.47
+70.78%
0.86
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+75.00%
0.00
Tax Effect Of Unusual Items
-0.12
0.00
-100.00%
0.00
-99.52%
0.65
Net Income Including Noncontrolling Interests
-1.29
-118.84%
6.87
+241.99%
2.01
-71.90%
7.15
Net Income From Continuing Operation Net Minority Interest
-1.29
-118.84%
6.87
+241.99%
2.01
-71.90%
7.15
Net Income From Continuing And Discontinued Operation
-1.29
-118.84%
6.87
+241.99%
2.01
-71.90%
7.15
Net Income Continuous Operations
-1.29
-118.84%
6.87
+241.99%
2.01
-71.90%
7.15
Normalized Income
-0.84
-112.28%
6.87
+244.02%
2.00
-16.04%
2.38
Net Income Common Stockholders
-1.29
-118.84%
6.87
+241.99%
2.01
-71.90%
7.15
Diluted EPS
-0.47
-119.75%
2.38
+240.00%
0.70
-72.44%
2.54
Basic EPS
-0.47
-118.58%
2.53
+237.33%
0.75
-72.01%
2.68
Basic Average Shares
2.76
+1.21%
2.72
+1.37%
2.69
+0.78%
2.66
Diluted Average Shares
2.76
-4.53%
2.89
-0.19%
2.89
+2.47%
2.82
Diluted NI Availto Com Stockholders
-1.29
-118.84%
6.87
+241.99%
2.01
-71.90%
7.15
Gain On Sale Of PPE
—
0.00
-100.00%
0.01
+103.58%
-0.42
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
72.44
-3.58%
75.13
+8.03%
69.54
+3.65%
67.09
Current Assets
55.31
-5.92%
58.79
+7.17%
54.86
+5.96%
51.77
Cash Cash Equivalents And Short Term Investments
0.92
-4.58%
0.96
-6.52%
1.03
+59.72%
0.64
Cash And Cash Equivalents
0.92
-4.58%
0.96
-6.52%
1.03
+59.72%
0.64
Cash Financial
0.92
-4.58%
0.96
-6.52%
1.03
+59.72%
0.64
Receivables
28.67
-15.09%
33.76
+18.01%
28.61
+0.53%
28.45
Accounts Receivable
14.88
-22.84%
19.28
+20.68%
15.97
-19.14%
19.76
Gross Accounts Receivable
15.07
-23.25%
19.64
+20.45%
16.30
-18.83%
20.09
Allowance For Doubtful Accounts Receivable
-0.20
+45.25%
-0.36
-9.15%
-0.33
+0.00%
-0.33
Other Receivables
13.79
-4.76%
14.48
+14.64%
12.63
+45.23%
8.70
Inventory
21.64
-0.10%
21.66
-3.47%
22.44
+15.46%
19.43
Raw Materials
21.12
+1.24%
20.86
-3.74%
21.67
+17.20%
18.49
Work In Process
0.89
-13.65%
1.03
-16.56%
1.24
-26.22%
1.68
Finished Goods
1.07
+14.56%
0.93
+39.20%
0.67
+19.40%
0.56
Prepaid Assets
—
—
1.33
-19.64%
1.66
Restricted Cash
0.00
-100.00%
0.71
-50.83%
1.45
-8.09%
1.58
Other Current Assets
4.09
+141.11%
1.70
+27.29%
1.33
-19.64%
1.66
Total Non Current Assets
17.12
+4.81%
16.33
+11.27%
14.68
-4.16%
15.32
Net PPE
14.37
+7.01%
13.43
-5.81%
14.26
-3.77%
14.82
Gross PPE
41.64
+3.16%
40.37
+2.88%
39.24
+0.50%
39.04
Accumulated Depreciation
-27.27
-1.24%
-26.94
-7.84%
-24.98
-3.12%
-24.22
Properties
0.00
0.00
0.00
0.00
Land And Improvements
0.15
+0.00%
0.15
+0.00%
0.15
+0.00%
0.15
Buildings And Improvements
6.03
-0.23%
6.04
+14.22%
5.29
-59.52%
13.07
Machinery Furniture Equipment
6.52
-11.67%
7.38
+8.25%
6.82
-1.62%
6.93
Other Properties
28.95
+8.03%
26.79
-0.68%
26.98
+42.80%
18.89
Goodwill And Other Intangible Assets
0.17
-33.84%
0.26
-37.68%
0.42
-15.77%
0.50
Other Intangible Assets
0.17
-33.84%
0.26
-37.68%
0.42
-15.77%
0.50
Non Current Deferred Assets
2.58
-2.50%
2.64
0.00
—
Non Current Deferred Taxes Assets
2.58
-2.50%
2.64
0.00
—
Total Liabilities Net Minority Interest
38.43
-3.40%
39.78
-4.04%
41.46
+1.17%
40.98
Current Liabilities
21.43
-19.39%
26.58
+0.70%
26.40
+18.34%
22.31
Payables And Accrued Expenses
14.97
-29.14%
21.12
-1.00%
21.34
+3.27%
20.66
Payables
11.58
-27.27%
15.92
+7.65%
14.79
+16.38%
12.71
Accounts Payable
11.58
-27.27%
15.92
+7.65%
14.79
+16.38%
12.71
Current Accrued Expenses
3.39
-34.86%
5.20
-20.55%
6.55
-17.68%
7.95
Current Debt And Capital Lease Obligation
1.32
-5.11%
1.39
-10.10%
1.54
-6.02%
1.64
Current Capital Lease Obligation
1.32
-5.11%
1.39
-10.10%
1.54
-6.02%
1.64
Current Deferred Liabilities
5.14
+26.35%
4.07
+15.73%
3.52
—
Current Deferred Revenue
5.14
+26.35%
4.07
+15.73%
3.52
—
Total Non Current Liabilities Net Minority Interest
17.00
+28.79%
13.20
-12.36%
15.06
-19.34%
18.67
Long Term Debt And Capital Lease Obligation
16.72
+30.74%
12.79
-14.57%
14.97
-19.40%
18.57
Long Term Debt
8.63
+48.48%
5.82
-15.15%
6.85
-23.51%
8.96
Long Term Capital Lease Obligation
8.08
+15.95%
6.97
-14.07%
8.11
-15.58%
9.61
Other Non Current Liabilities
0.28
-31.40%
0.41
+335.79%
0.10
-8.65%
0.10
Stockholders Equity
34.01
-3.79%
35.34
+25.87%
28.08
+7.54%
26.11
Common Stock Equity
33.76
-3.82%
35.09
+26.10%
27.83
+7.61%
25.86
Capital Stock
0.28
+0.36%
0.28
+0.00%
0.28
+0.00%
0.28
Common Stock
0.03
+3.70%
0.03
+0.00%
0.03
+0.00%
0.03
Preferred Stock
0.25
+0.00%
0.25
+0.00%
0.25
+0.00%
0.25
Share Issued
2.76
+2.61%
2.69
+0.00%
2.69
+0.69%
2.67
Ordinary Shares Number
2.76
+2.61%
2.69
+0.00%
2.69
+0.69%
2.67
Additional Paid In Capital
17.33
+2.36%
16.93
+3.56%
16.35
+2.41%
15.96
Retained Earnings
17.38
-6.94%
18.67
+57.87%
11.83
+20.48%
9.82
Gains Losses Not Affecting Retained Earnings
-0.98
-83.65%
-0.53
-43.78%
-0.37
-760.71%
0.06
Other Equity Adjustments
-0.98
-83.65%
-0.53
-43.78%
-0.37
-760.71%
0.06
Total Equity Gross Minority Interest
34.01
-3.79%
35.34
+25.87%
28.08
+7.54%
26.11
Total Capitalization
42.64
+3.60%
41.16
+17.82%
34.93
-0.39%
35.07
Working Capital
33.89
+5.20%
32.21
+13.17%
28.46
-3.41%
29.47
Invested Capital
42.39
+3.62%
40.91
+17.95%
34.68
-0.39%
34.82
Total Debt
18.04
+27.23%
14.18
-14.15%
16.51
-18.31%
20.21
Net Debt
7.72
+58.97%
4.86
-16.67%
5.83
-29.94%
8.32
Capital Lease Obligations
9.40
+12.45%
8.36
-13.44%
9.66
-14.18%
11.26
Net Tangible Assets
33.83
-3.56%
35.08
+26.84%
27.66
+8.00%
25.61
Tangible Book Value
33.58
-3.59%
34.83
+27.08%
27.41
+8.08%
25.36
Inventories Adjustments Allowances
-1.45
-23.59%
-1.17
-2.27%
-1.14
+11.86%
-1.30
Preferred Shares Number
0.25
+0.00%
0.25
+0.00%
0.25
+0.00%
0.25
Preferred Stock Equity
0.25
+0.00%
0.25
+0.00%
0.25
+0.00%
0.25
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-2.25
-227.19%
1.77
-67.25%
5.40
+218.99%
-4.54
Cash Flow From Continuing Operating Activities
-2.25
-227.19%
1.77
-67.25%
5.40
+218.99%
-4.54
Net Income From Continuing Operations
-1.29
-118.84%
6.87
+241.99%
2.01
-71.90%
7.15
Depreciation Amortization Depletion
1.74
-15.22%
2.05
+6.88%
1.92
-1.64%
1.95
Depreciation
1.65
-12.80%
1.89
+6.96%
1.77
-0.34%
1.77
Amortization Cash Flow
0.09
-44.03%
0.16
+6.00%
0.15
-14.77%
0.18
Depreciation And Amortization
1.74
-15.22%
2.05
+6.88%
1.92
-1.64%
1.95
Amortization Of Intangibles
0.09
-44.03%
0.16
+6.00%
0.15
-14.77%
0.18
Other Non Cash Items
—
—
—
0.14
Stock Based Compensation
0.46
+8.98%
0.42
+26.65%
0.33
+200.90%
0.11
Provisionand Write Offof Assets
0.12
+136.00%
0.05
+134.97%
-0.14
+83.66%
-0.88
Asset Impairment Charge
—
—
—
0.00
Deferred Tax
-0.01
+99.49%
-2.36
0.00
—
Deferred Income Tax
-0.01
+99.49%
-2.36
0.00
—
Operating Gains Losses
-0.02
-1250.00%
0.00
+102.30%
-0.09
+98.49%
-5.75
Net Foreign Currency Exchange Gain Loss
—
0.00
+102.78%
-0.07
0.00
Gain Loss On Sale Of PPE
-0.02
0.00
+100.00%
-0.01
-103.58%
0.42
Change In Working Capital
-3.24
+38.53%
-5.27
-484.38%
1.37
+118.84%
-7.27
Change In Receivables
4.76
+177.69%
-6.13
-3359.57%
0.19
+102.73%
-6.87
Changes In Account Receivables
4.41
+228.35%
-3.43
-96.56%
-1.75
-253.97%
1.13
Change In Inventory
-0.40
-155.87%
0.72
+123.99%
-2.98
+35.29%
-4.61
Change In Prepaid Assets
-2.05
-1293.88%
-0.15
-146.37%
0.32
+285.38%
-0.17
Change In Payables And Accrued Expense
-6.62
-2446.15%
-0.26
-107.88%
3.30
-12.07%
3.75
Change In Accrued Expense
-2.66
-258.55%
-0.74
-168.54%
1.08
-52.50%
2.28
Change In Payable
-3.96
-919.05%
0.48
-78.20%
2.22
+50.65%
1.47
Change In Account Payable
-3.96
-919.05%
0.48
-78.20%
2.22
+50.65%
1.47
Change In Other Working Capital
1.07
+93.67%
0.55
+0.55%
0.55
-13.25%
0.63
Investing Cash Flow
-1.26
+1.64%
-1.28
+47.07%
-2.43
-232.33%
-0.73
Cash Flow From Continuing Investing Activities
-1.26
+1.64%
-1.28
+47.07%
-2.43
-232.33%
-0.73
Net PPE Purchase And Sale
-1.26
+1.64%
-1.28
+45.48%
-2.35
-253.60%
-0.67
Purchase Of PPE
-1.27
+1.09%
-1.28
+45.82%
-2.37
-83.44%
-1.29
Sale Of PPE
0.01
0.00
-100.00%
0.01
-97.60%
0.63
Capital Expenditure
-1.27
+1.09%
-1.28
+47.40%
-2.44
-80.01%
-1.36
Net Intangibles Purchase And Sale
—
0.00
+100.00%
-0.07
-10.94%
-0.06
Purchase Of Intangibles
—
0.00
+100.00%
-0.07
-10.94%
-0.06
Financing Cash Flow
2.77
+315.85%
-1.28
+51.97%
-2.67
-167.85%
3.93
Cash Flow From Continuing Financing Activities
2.77
+315.85%
-1.28
+51.97%
-2.67
-167.85%
3.93
Net Issuance Payments Of Debt
2.83
+296.32%
-1.44
+47.02%
-2.72
-169.76%
3.90
Issuance Of Debt
130.14
+4.48%
124.55
+4.36%
119.35
+8.95%
109.54
Repayment Of Debt
-127.31
-1.05%
-125.99
-3.22%
-122.07
-15.54%
-105.65
Long Term Debt Issuance
130.14
+4.48%
124.55
+4.36%
119.35
+8.95%
109.54
Long Term Debt Payments
-127.31
-1.05%
-125.99
-3.22%
-122.07
-15.54%
-105.65
Net Long Term Debt Issuance
2.83
+296.32%
-1.44
+47.02%
-2.72
-169.76%
3.90
Net Short Term Debt Issuance
—
—
—
5.69
Net Common Stock Issuance
-0.10
0.00
—
—
Common Stock Payments
-0.10
0.00
—
—
Repurchase Of Capital Stock
-0.10
0.00
—
—
Proceeds From Stock Option Exercised
0.04
-76.10%
0.16
+211.76%
0.05
+45.71%
0.04
Changes In Cash
-0.75
+6.03%
-0.80
-357.61%
0.31
+123.08%
-1.34
Effect Of Exchange Rate Changes
-0.01
-10.00%
-0.01
+81.13%
-0.05
0.00
Beginning Cash Position
1.68
-32.49%
2.48
+11.51%
2.23
-37.57%
3.56
End Cash Position
0.92
-45.31%
1.68
-32.49%
2.48
+11.51%
2.23
Free Cash Flow
-3.52
-825.77%
0.48
-83.62%
2.96
+150.22%
-5.90
Interest Paid Supplemental Data
0.76
+51.89%
0.50
+5.67%
0.48
+50.63%
0.32
Income Tax Paid Supplemental Data
0.47
-72.99%
1.75
+638.82%
0.24
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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