NORTECH SYSTEMS INC

For the period ended Mar 26, 2026. Filed Mar 26, 2026.

About this filing

A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Mar 26, 2026 · Filed Mar 26, 2026

NSYS$11.20+6.7%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

EX-99.1 · (IN THOUSANDS, EXCEPT SHARE DATA)

(IN THOUSANDS, EXCEPT SHARE DATA)

DECEMBER 31, 2025 · DECEMBER 31, 2024
ASSETS
Current assets:
Cash	$1,655		$916
Accounts receivable, less allowances of $161 and $196, respectively	16,998		14,875
Inventories, net	20,695		21,638
Contract assets	15,184		13,792
Prepaid assets and other assets	1,618		4,094
Total current assets	56,150		55,315
Property and equipment, net	5,203		6,232
Operating lease assets	7,016		8,139
Deferred tax assets	3,394		2,575
Other intangible assets, net	156		174
Total assets	$71,919		$72,435
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Line of credit	$7,000	$	-
Accounts payable	12,809		11,582
Accrued payroll and commissions	1,822		1,841
Customer deposits	5,386		5,140
Current portion of operating leases	1,332		1,175
Current portion of finance lease obligations	274		143
Other accrued liabilities	1,221		1,547
Total current liabilities	29,844		21,428
Long-term liabilities:
Long-term line of credit	-		8,634
Long-term operating lease obligations, net of current portion	6,476		7,773
Long-term finance lease obligations, net of current portion	626		311
Other long-term liabilities	426		284
Total long-term liabilities	7,528		17,002
Total liabilities	37,372		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	17,855		17,329
Accumulated other comprehensive loss	(709)		(977)
Retained earnings	17,123		17,375
Total shareholders’ equity	34,547		34,005
Total liabilities and shareholders’ equity	$71,919		$72,435

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.