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 25.13M
Enterprise Value 45.21M Income -2.63M Sales 116.67M
Book/sh 11.88 Cash/sh 0.46 Dividend Yield —
Payout 0.00% Employees 701 IPO —
P/E — Forward P/E — PEG —
P/S 0.22 P/B 0.76 P/C —
EV/EBITDA 61.01 EV/Sales 0.39 Quick Ratio 1.05
Current Ratio 1.76 Debt/Eq 63.24 LT Debt/Eq —
EPS (ttm) -0.95 EPS next Y — EPS Growth —
Revenue Growth -2.90% Earnings — ROA -0.48%
ROE -7.61% ROIC — Gross Margin 13.51%
Oper. Margin 3.10% Profit Margin -2.25% Shs Outstand 2.79M
Shs Float 938.65K Short Float 0.79% Short Ratio 1.90
Short Interest — 52W High 12.40 52W Low 6.50
Beta -0.01 Avg Volume 5.70K Volume 2.90K
Target Price — Recom None Prev Close $8.75
Price $9.02 Change 3.09%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$9.02
Latest analyst target
3. DCF / Fair value
$-5.08
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.02
Low
—
High
—
Mean
—
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 9284 81049 — Stock Award(Grant) at price 8.73 per share. KUNIN DAVID B Director and Beneficial Owner of more than 10% of a Class of Security — 2025-05-19 00:00:00 D
1 6876 60027 — Stock Award(Grant) at price 8.73 per share. KRUSE STACY A Director — 2025-05-19 00:00:00 D
2 6876 60027 — Stock Award(Grant) at price 8.73 per share. MCMANUS RYAN P Director — 2025-05-19 00:00:00 D
3 6876 60027 — Stock Award(Grant) at price 8.73 per share. FREDREGILL AMY S Director — 2025-05-19 00:00:00 D
4 6876 60027 — Stock Award(Grant) at price 8.73 per share. PERIS JOSE ANTONIO Director — 2025-05-19 00:00:00 D
5 6876 60027 — Stock Award(Grant) at price 8.73 per share. SEN DEBARATI Director — 2025-05-19 00:00:00 D
6 1981 21910 — Stock Award(Grant) at price 11.06 per share. KUNIN DAVID B Director and Beneficial Owner of more than 10% of a Class of Security — 2024-05-20 00:00:00 D
7 1981 21910 — Stock Award(Grant) at price 11.06 per share. KRUSE STACY A Director — 2024-05-20 00:00:00 D
8 1981 21910 — Stock Award(Grant) at price 11.06 per share. MCMANUS RYAN P Director — 2024-05-20 00:00:00 D
9 1981 21910 — Stock Award(Grant) at price 11.06 per share. SACHS DANNY M.D. Director — 2024-05-20 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-119.91K0.003.15K651.00K
TaxRateForCalcs0.210.210.210.12
NormalizedEBITDA2.11M8.00M5.79M4.97M
TotalUnusualItems-571.00K0.0015.00K5.42M
TotalUnusualItemsExcludingGoodwill-571.00K0.0015.00K5.42M
NetIncomeFromContinuingOperationNetMinorityInterest-1.29M6.87M2.01M7.15M
ReconciledDepreciation1.74M2.05M1.92M1.95M
ReconciledCostOfRevenue111.41M116.23M113.64M99.30M
EBITDA1.54M8.00M5.81M10.39M
EBIT-195.00K5.95M3.89M8.44M
NetInterestIncome-744.00K-487.00K-411.00K-430.00K
InterestExpense744.00K487.00K411.00K430.00K
NormalizedIncome-843.91K6.87M2.00M2.38M
NetIncomeFromContinuingAndDiscontinuedOperation-1.29M6.87M2.01M7.15M
TotalExpenses127.76M133.38M130.25M112.15M
TotalOperatingIncomeAsReported-195.00K5.95M3.89M2.27M
DilutedAverageShares2.76M2.89M2.89M2.82M
BasicAverageShares2.76M2.72M2.69M2.66M
DilutedEPS-0.472.380.702.54
BasicEPS-0.472.530.752.68
DilutedNIAvailtoComStockholders-1.29M6.87M2.01M7.15M
NetIncomeCommonStockholders-1.29M6.87M2.01M7.15M
NetIncome-1.29M6.87M2.01M7.15M
NetIncomeIncludingNoncontrollingInterests-1.29M6.87M2.01M7.15M
NetIncomeContinuousOperations-1.29M6.87M2.01M7.15M
TaxProvision356.00K-1.41M1.47M859.00K
PretaxIncome-939.00K5.47M3.48M8.01M
OtherIncomeExpense-571.00K15.00K5.42M
SpecialIncomeCharges-571.00K0.0015.00K5.42M
GainOnSaleOfPPE0.0015.00K-419.00K
OtherSpecialCharges-6.17M
ImpairmentOfCapitalAssets560.00K
RestructuringAndMergernAcquisition571.00K0.000.00327.00K
NetNonOperatingInterestIncomeExpense-744.00K-487.00K-411.00K-430.00K
InterestExpenseNonOperating744.00K487.00K411.00K430.00K
OperatingIncome376.00K5.95M3.87M3.02M
OperatingExpense16.35M17.15M16.61M12.85M
ResearchAndDevelopment1.19M1.20M1.46M483.00K
SellingGeneralAndAdministration15.15M15.95M15.14M12.36M
SellingAndMarketingExpense3.45M3.60M3.72M2.36M
GeneralAndAdministrativeExpense11.71M12.35M11.43M10.00M
OtherGandA11.71M12.35M11.43M10.00M
GrossProfit16.72M23.10M20.48M15.86M
CostOfRevenue111.41M116.23M113.64M99.30M
TotalRevenue128.13M139.33M134.12M115.17M
OperatingRevenue128.13M139.33M134.12M115.17M
Line Item2024-12-312023-12-312022-12-312021-12-31
PreferredSharesNumber250.00K250.00K250.00K250.00K
OrdinarySharesNumber2.76M2.69M2.69M2.67M
ShareIssued2.76M2.69M2.69M2.67M
NetDebt7.72M4.86M5.83M8.32M
TotalDebt18.04M14.18M16.51M20.21M
TangibleBookValue33.58M34.83M27.41M25.36M
InvestedCapital42.39M40.91M34.68M34.82M
WorkingCapital33.89M32.21M28.46M29.47M
NetTangibleAssets33.83M35.08M27.66M25.61M
CapitalLeaseObligations9.40M8.36M9.66M11.26M
CommonStockEquity33.76M35.09M27.83M25.86M
PreferredStockEquity250.00K250.00K250.00K250.00K
TotalCapitalization42.64M41.16M34.93M35.07M
TotalEquityGrossMinorityInterest34.01M35.34M28.08M26.11M
StockholdersEquity34.01M35.34M28.08M26.11M
GainsLossesNotAffectingRetainedEarnings-977.00K-532.00K-370.00K56.00K
OtherEquityAdjustments-977.00K-532.00K-370.00K56.00K
RetainedEarnings17.38M18.67M11.83M9.82M
AdditionalPaidInCapital17.33M16.93M16.35M15.96M
CapitalStock278.00K277.00K277.00K277.00K
CommonStock28.00K27.00K27.00K27.00K
PreferredStock250.00K250.00K250.00K250.00K
TotalLiabilitiesNetMinorityInterest38.43M39.78M41.46M40.98M
TotalNonCurrentLiabilitiesNetMinorityInterest17.00M13.20M15.06M18.67M
OtherNonCurrentLiabilities284.00K414.00K95.00K104.00K
LongTermDebtAndCapitalLeaseObligation16.72M12.79M14.97M18.57M
LongTermCapitalLeaseObligation8.08M6.97M8.11M9.61M
LongTermDebt8.63M5.82M6.85M8.96M
CurrentLiabilities21.43M26.58M26.40M22.31M
CurrentDeferredLiabilities5.14M4.07M3.52M
CurrentDeferredRevenue5.14M4.07M3.52M
CurrentDebtAndCapitalLeaseObligation1.32M1.39M1.54M1.64M
CurrentCapitalLeaseObligation1.32M1.39M1.54M1.64M
PayablesAndAccruedExpenses14.97M21.12M21.34M20.66M
CurrentAccruedExpenses3.39M5.20M6.55M7.95M
Payables11.58M15.92M14.79M12.71M
AccountsPayable11.58M15.92M14.79M12.71M
TotalAssets72.44M75.13M69.54M67.09M
TotalNonCurrentAssets17.12M16.33M14.68M15.32M
NonCurrentDeferredAssets2.58M2.64M0.00
NonCurrentDeferredTaxesAssets2.58M2.64M0.00
GoodwillAndOtherIntangibleAssets174.00K263.00K422.00K501.00K
OtherIntangibleAssets174.00K263.00K422.00K501.00K
NetPPE14.37M13.43M14.26M14.82M
AccumulatedDepreciation-27.27M-26.94M-24.98M-24.22M
GrossPPE41.64M40.37M39.24M39.04M
OtherProperties28.95M26.79M26.98M18.89M
MachineryFurnitureEquipment6.52M7.38M6.82M6.93M
BuildingsAndImprovements6.03M6.04M5.29M13.07M
LandAndImprovements148.00K148.00K148.00K148.00K
Properties0.000.000.000.00
CurrentAssets55.31M58.79M54.86M51.77M
OtherCurrentAssets4.09M1.70M1.33M1.66M
RestrictedCash0.00715.00K1.45M1.58M
PrepaidAssets1.33M1.66M
Inventory21.64M21.66M22.44M19.43M
InventoriesAdjustmentsAllowances-1.45M-1.17M-1.14M-1.30M
FinishedGoods1.07M934.00K671.00K562.00K
WorkInProcess892.00K1.03M1.24M1.68M
RawMaterials21.12M20.86M21.67M18.49M
Receivables28.67M33.76M28.61M28.45M
OtherReceivables13.79M14.48M12.63M8.70M
AccountsReceivable14.88M19.28M15.97M19.76M
AllowanceForDoubtfulAccountsReceivable-196.00K-358.00K-328.00K-328.00K
GrossAccountsReceivable15.07M19.64M16.30M20.09M
CashCashEquivalentsAndShortTermInvestments916.00K960.00K1.03M643.00K
CashAndCashEquivalents916.00K960.00K1.03M643.00K
CashFinancial916.00K960.00K1.03M643.00K
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-3.52M485.00K2.96M-5.90M
RepurchaseOfCapitalStock-100.00K0.00
RepaymentOfDebt-127.31M-125.99M-122.07M-105.65M
IssuanceOfDebt130.14M124.55M119.35M109.54M
CapitalExpenditure-1.27M-1.28M-2.44M-1.36M
InterestPaidSupplementalData764.00K503.00K476.00K316.00K
IncomeTaxPaidSupplementalData473.00K1.75M237.00K
EndCashPosition916.00K1.68M2.48M2.23M
BeginningCashPosition1.68M2.48M2.23M3.56M
EffectOfExchangeRateChanges-11.00K-10.00K-53.00K0.00
ChangesInCash-748.00K-796.00K309.00K-1.34M
FinancingCashFlow2.77M-1.28M-2.67M3.93M
CashFlowFromContinuingFinancingActivities2.77M-1.28M-2.67M3.93M
ProceedsFromStockOptionExercised38.00K159.00K51.00K35.00K
NetCommonStockIssuance-100.00K0.00
CommonStockPayments-100.00K0.00
NetIssuancePaymentsOfDebt2.83M-1.44M-2.72M3.90M
NetShortTermDebtIssuance5.69M
NetLongTermDebtIssuance2.83M-1.44M-2.72M3.90M
LongTermDebtPayments-127.31M-125.99M-122.07M-105.65M
LongTermDebtIssuance130.14M124.55M119.35M109.54M
InvestingCashFlow-1.26M-1.28M-2.43M-730.00K
CashFlowFromContinuingInvestingActivities-1.26M-1.28M-2.43M-730.00K
NetIntangiblesPurchaseAndSale0.00-71.00K-64.00K
PurchaseOfIntangibles0.00-71.00K-64.00K
NetPPEPurchaseAndSale-1.26M-1.28M-2.35M-666.00K
SaleOfPPE7.00K0.0015.00K626.00K
PurchaseOfPPE-1.27M-1.28M-2.37M-1.29M
OperatingCashFlow-2.25M1.77M5.40M-4.54M
CashFlowFromContinuingOperatingActivities-2.25M1.77M5.40M-4.54M
ChangeInWorkingCapital-3.24M-5.27M1.37M-7.27M
ChangeInOtherWorkingCapital1.07M553.00K550.00K634.00K
ChangeInPayablesAndAccruedExpense-6.62M-260.00K3.30M3.75M
ChangeInAccruedExpense-2.66M-743.00K1.08M2.28M
ChangeInPayable-3.96M483.00K2.22M1.47M
ChangeInAccountPayable-3.96M483.00K2.22M1.47M
ChangeInPrepaidAssets-2.05M-147.00K317.00K-171.00K
ChangeInInventory-400.00K716.00K-2.98M-4.61M
ChangeInReceivables4.76M-6.13M188.00K-6.87M
ChangesInAccountReceivables4.41M-3.43M-1.75M1.13M
OtherNonCashItems143.00K
StockBasedCompensation461.00K423.00K334.00K111.00K
ProvisionandWriteOffofAssets118.00K50.00K-143.00K-875.00K
AssetImpairmentCharge0.00
DeferredTax-12.00K-2.36M0.00
DeferredIncomeTax-12.00K-2.36M0.00
DepreciationAmortizationDepletion1.74M2.05M1.92M1.95M
DepreciationAndAmortization1.74M2.05M1.92M1.95M
AmortizationCashFlow89.00K159.00K150.00K176.00K
AmortizationOfIntangibles89.00K159.00K150.00K176.00K
Depreciation1.65M1.89M1.77M1.77M
OperatingGainsLosses-23.00K2.00K-87.00K-5.75M
NetForeignCurrencyExchangeGainLoss2.00K-72.00K0.00
GainLossOnSaleOfPPE-23.00K0.00-15.00K419.00K
NetIncomeFromContinuingOperations-1.29M6.87M2.01M7.15M
SEC Filings

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

Public Trades for NSYS
Date User Asset Broker Type Position Size Entry Price Patterns