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
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE (LOSS) INCOME
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
| THREE MONTHS ENDED · NINE MONTHS ENDED | ||||
|---|---|---|---|---|
| SEPTEMBER 30, | SEPTEMBER 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $30,482 | $31,407 | $88,052 | $99,513 |
| Cost of goods sold | 25,457 | 27,572 | 75,112 | 85,613 |
| Gross profit | 5,025 | 3,835 | 12,940 | 13,900 |
| Operating expenses: | ||||
| Selling | 1,221 | 891 | 3,609 | 2,605 |
| General and administrative | 2,593 | 2,951 | 8,097 | 9,103 |
| Research and development | 266 | 284 | 894 | 893 |
| Restructuring charges | - | 176 | 266 | 267 |
| Total operating expenses | 4,080 | 4,302 | 12,866 | 12,868 |
| Income (loss) from operations | 945 | (467) | 74 | 1,032 |
| Other expense: | ||||
| Interest expense | (273) | (216) | (744) | (548) |
| Income (loss) before income taxes | 672 | (683) | (670) | 484 |
| Income tax expense | 818 | 56 | 479 | 301 |
| Net (loss) income | $(146) | $(739) | $(1,149) | $183 |
| Net (loss) income per common share: | ||||
| Basic (in dollars per share) | $(0.05) | $(0.27) | $(0.41) | $0.07 |
| Weighted average number of common shares outstanding - basic (in shares) | 2,785,541 | 2,760,438 | 2,773,401 | 2,754,399 |
| Diluted (in dollars per share) | $(0.05) | $(0.27) | $(0.41) | $0.06 |
| Weighted average number of common shares outstanding - diluted (in shares) | 2,785,541 | 2,760,438 | 2,773,401 | 2,931,343 |
| Other comprehensive (loss) income | ||||
| Foreign currency translation | (21) | 223 | 109 | (135) |
| Comprehensive (loss) income, net of tax | $(167) | $(516) | $(1,040) | $48 |
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