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 Operations and Comprehensive Income (Loss)
NORTECH SYSTEMS INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
| THREE MONTHS ENDED | ||
|---|---|---|
| MARCH 31, | ||
| 2026 | 2025 | |
| Net sales | $30,316 | $26,895 |
| Cost of goods sold | 25,614 | 23,817 |
| Gross profit | 4,702 | 3,078 |
| Operating expenses: | ||
| Selling | 1,331 | 1,184 |
| General and administrative | 3,014 | 2,915 |
| Research and development | 310 | 326 |
| Restructuring charges | - | 266 |
| Total operating expenses | 4,655 | 4,691 |
| Income (loss) from operations | 47 | (1,613) |
| Other expense: | ||
| Interest expense, net | (256) | (214) |
| Loss before income taxes | (209) | (1,827) |
| Income tax benefit | (175) | (511) |
| Net loss | $(34) | $(1,316) |
| Net loss per common share: | ||
| Basic (in dollars per share) | $(0.01) | $(0.48) |
| Weighted average number of common shares outstanding - basic (in shares) | 2,786,134 | 2,760,929 |
| Diluted (in dollars per share) | $(0.01) | $(0.48) |
| Weighted average number of common shares outstanding - diluted (in shares) | 2,786,134 | 2,760,929 |
| Other comprehensive income (loss) | ||
| Foreign currency translation | 69 | 6 |
| Comprehensive income (loss), net of tax | $35 | $(1,310) |
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