NORTECH SYSTEMS INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
NSYS$10.54-5.9%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Shareholders’ Equity
NORTECH SYSTEMS INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
| Accumulated | ||||||||
|---|---|---|---|---|---|---|---|---|
| Additional · Other · Total | ||||||||
| Preferred Stock · Common Stock · Paid-In · Comprehensive · Retained · Shareholders’ | ||||||||
| Shares | Amount | Shares | Amount | Capital | Loss | Earnings | Equity | |
| Balance as of June 30, 2023 | 250 | $250 | 2,737 | $27 | $16,712 | $(611) | $13,111 | $29,489 |
| Net income | - | - | - | - | - | - | 1,207 | 1,207 |
| Foreign currency translation adjustment | - | - | - | - | - | (77) | - | (77) |
| Stock option exercises | - | - | - | - | 9 | - | - | 9 |
| Compensation on stock-based awards | - | - | - | - | 80 | - | - | 80 |
| Balance as of September 30, 2023 | 250 | $250 | 2,737 | $27 | $16,801 | $(688) | $14,318 | $30,708 |
| Balance as of June 30, 2024 | 250 | $250 | 2,762 | $28 | $17,165 | $(890) | $19,592 | $36,145 |
| Net loss | - | - | - | - | - | - | (739) | (739) |
| Foreign currency translation adjustment | - | - | - | - | - | 223 | - | 223 |
| Compensation on stock-based awards | - | - | - | - | 128 | - | - | 128 |
| Stock repurchases | - | - | (6) | - | (67) | - | - | (67) |
| Balance as of September 30, 2024 | 250 | $250 | 2,756 | $28 | $17,226 | $(667) | $18,853 | $35,690 |
| Balance as of December 31, 2022 | 250 | $250 | 2,691 | $27 | $16,347 | $(370) | $11,826 | $28,080 |
| Net income | - | - | - | - | - | - | 2,522 | 2,522 |
| Foreign currency translation adjustment | - | - | - | - | - | (318) | - | (318) |
| Compensation on stock-based awards | - | - | - | - | 299 | - | - | 299 |
| Stock option exercises | - | - | 46 | - | 155 | - | - | 155 |
| Cumulative adjustment related to adoption of ASC 326 (current expected credit loss) | - | - | - | - | - | - | (30) | (30) |
| Balance as of September 30, 2023 | 250 | $250 | 2,737 | $27 | $16,801 | $(688) | $14,318 | $30,708 |
| Balance as of December 31, 2023 | 250 | $250 | 2,740 | $27 | $16,929 | $(532) | $18,670 | $35,344 |
| Net income | - | - | - | - | - | - | 183 | 183 |
| Foreign currency translation adjustment | - | - | - | - | - | (135) | - | (135) |
| Compensation on stock-based awards | - | - | - | - | 334 | - | - | 334 |
| Stock option exercises | - | - | 22 | 1 | 30 | - | - | 31 |
| Stock repurchases | - | - | (6) | - | (67) | - | - | (67) |
| Balance as of September 30, 2024 | 250 | $250 | 2,756 | $28 | $17,226 | $(667) | $18,853 | $35,690 |
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