NORTECH SYSTEMS INC
For the period ended Mar 31, 2026. Filed May 13, 2026.
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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.
Mar 31, 2026 · Filed May 13, 2026
NSYS$10.69+1.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| THREE MONTHS ENDED | ||
|---|---|---|
| MARCH 31, | ||
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(34) | $(1,316) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 303 | 347 |
| Compensation on stock-based awards | 126 | 118 |
| Change in allowance for credit losses | 44 | 35 |
| Change in inventory reserves | (257) | 231 |
| Deferred taxes | (359) | - |
| Changes in current operating items: | ||
| Accounts receivable | (822) | (814) |
| Inventories | (2,610) | 487 |
| Contract assets | (826) | 388 |
| Prepaid expenses and other assets | 460 | (1,588) |
| Accounts payable | 1,917 | (1,441) |
| Accrued payroll and commissions | 883 | 674 |
| Customer deposits | (713) | (112) |
| Other accrued liabilities | 327 | 61 |
| Net cash used in operating activities | (1,561) | (2,930) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (228) | (268) |
| Net cash used in investing activities | (228) | (268) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from lines of credit | 9,960 | 25,970 |
| Payments to line of credit | (9,472) | (22,710) |
| Proceeds from term loan | 2,200 | - |
| Payments of debt issuance costs | (290) | - |
| Proceeds from notes payable | - | 219 |
| Principal payments on financing leases | (62) | (52) |
| Stock award exercises | - | 19 |
| Net cash provided by financing activities | 2,336 | 3,446 |
| Effect of exchange rate changes on cash and restricted cash | 6 | (2) |
| Net change in cash and restricted cash | 553 | 246 |
| Cash and restricted cash - beginning of period | 1,655 | 916 |
| Cash and restricted cash - end of period | $2,208 | $1,162 |
| Reconciliation of cash and restricted cash reported within the condensed consolidated balance sheets: | ||
| Cash | $1,964 | $1,162 |
| Restricted cash | 244 | - |
| Total cash and restricted cash reported in the condensed consolidated statements of cash flows | $2,208 | $1,162 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| THREE MONTHS ENDED | ||
|---|---|---|
| MARCH 31, | ||
| 2026 | 2025 | |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $167 | $203 |
| Cash (received) paid for income taxes | $(325) | $179 |
| Supplemental noncash investing and financing activities: | ||
| Property and equipment purchases in accounts payable | $16 | $42 |
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