NORTECH SYSTEMS INC

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

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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, 2025 · Filed Nov 13, 2025

NSYS$10.54-5.9%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024

(IN THOUSANDS, EXCEPT SHARE DATA)

SEPTEMBER 30, 2025 · DECEMBER 31, 2024
ASSETS
Current assets:
Cash	$1,271		$916
Accounts receivable, less allowances of $186 and $196, respectively	18,810		14,875
Inventories, net	18,425		21,638
Contract assets	15,328		13,792
Prepaid assets and other assets	5,372		4,094
Total current assets	59,206		55,315
Property and equipment, net	5,322		6,232
Operating lease assets, net	7,306		8,139
Deferred tax assets	2,763		2,575
Other intangible assets, net	160		174
Total assets	$74,757		$72,435
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Line of credit	$12,030	$	-
Accounts payable	11,678		11,582
Accrued payroll and commissions	2,402		1,841
Customer deposits	4,716		5,140
Current portion of operating lease obligations	1,319		1,175
Current portion of finance lease obligations	239		143
Notes payable	-		344
Other accrued liabilities	1,221		1,203
Total current liabilities	33,605		21,428
Long-term liabilities:
Long-term line of credit	-		8,634
Long-term operating lease obligations, net of current portion	6,795		7,773
Long-term finance lease obligations, net of current portion	713		311
Other long-term liabilities	287		284
Total long-term liabilities	7,795		17,002
Total liabilities	41,400		38,430
Shareholders’ equity:
Preferred stock, $1 par value; 1,000,000 shares authorized; 250,000 shares issued and outstanding	250		250
Common stock - $0.01 par value; 9,000,000 shares authorized; 2,786,134 and 2,760,793 shares issued and outstanding, respectively	28		28
Additional paid-in capital	17,721		17,329
Accumulated other comprehensive loss	(868)		(977)
Retained earnings	16,226		17,375
Total shareholders’ equity	33,357		34,005
Total liabilities and shareholders’ equity	$74,757		$72,435

See Accompanying Notes to Condensed Consolidated Financial Statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.