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$10.69+1.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
NORTECH SYSTEMS INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| NINE MONTHS ENDED | ||
|---|---|---|
| SEPTEMBER 30, | ||
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net (loss) income | $(1,149) | $183 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation and amortization | 986 | 1,400 |
| Compensation on stock-based awards | 369 | 334 |
| Deferred income taxes | (189) | - |
| Change in accounts receivable allowance | (10) | (72) |
| Change in inventory reserves | 346 | 194 |
| Other, net | - | 9 |
| Changes in current operating assets and liabilities: | ||
| Accounts receivable | (3,875) | 2,727 |
| Inventories | 2,823 | (922) |
| Contract assets | (1,536) | (577) |
| Prepaid expenses and other assets | (1,244) | (2,888) |
| Accounts payable | 165 | (3,609) |
| Accrued payroll and commissions | 555 | (1,198) |
| Customer deposits | (424) | 1,195 |
| Other accrued liabilities | 318 | 181 |
| Net cash used in operating activities | (2,865) | (3,043) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from sale of property and equipment | 504 | 9 |
| Purchases of equipment | (517) | (980) |
| Net cash used in investing activities | (13) | (971) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from line of credit | 76,215 | 99,888 |
| Payments to line of credit | (72,880) | (96,185) |
| Proceeds from financing leases | - | 198 |
| Principal payments on financing leases | (140) | (304) |
| Share repurchases | - | (67) |
| Stock option exercises | 23 | 31 |
| Net cash provided by financing activities | 3,218 | 3,561 |
| Effect of exchange rate changes on cash | 15 | 17 |
| Net change in cash | 355 | (436) |
| Cash - beginning of period | 916 | 1,675 |
| Cash - end of period | $1,271 | $1,239 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| NINE MONTHS ENDED | ||||
|---|---|---|---|---|
| SEPTEMBER 30, | ||||
| 2025 · 2024 | ||||
| Supplemental disclosure of cash flow information: | ||||
| Cash paid for interest | $740 | $531 | ||
| Cash paid for income taxes | $580 | $374 | ||
| Supplemental noncash investing and financing activities: | ||||
| Property and equipment purchases in accounts payable | $66 | $107 | ||
| Conversion of notes payable to finance leases | $637 | $ | - | |
| Operating lease assets acquired under operating leases | $ | - | $1,923 | |
| Equipment acquired under finance leases | $ | - | $256 | |
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