NORTECH SYSTEMS INC
For the period ended May 13, 2026. Filed May 13, 2026.
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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.
May 13, 2026 · Filed May 13, 2026
NSYS$11.20+6.7%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (IN THOUSANDS, EXCEPT SHARE DATA)
(IN THOUSANDS, EXCEPT SHARE DATA)
| MARCH 31, 2026 | DECEMBER 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $1,964 | $1,655 |
| Restricted cash | 244 | - |
| Accounts receivable, less allowance for credit losses of $205 and $161, respectively | 17,823 | 16,998 |
| Inventories, net | 23,561 | 20,695 |
| Contract assets | 16,010 | 15,184 |
| Prepaid assets and other assets | 1,071 | 1,618 |
| Total current assets | 60,673 | 56,150 |
| Property and equipment, net | 5,077 | 5,203 |
| Operating lease assets, net | 6,720 | 7,016 |
| Deferred tax assets | 3,753 | 3,394 |
| Other intangible assets, net | 151 | 156 |
| Deferred line of credit issuance costs | 266 | - |
| Total assets | $76,640 | $71,919 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Lines of credit | $7,485 | $7,000 |
| Current portion of term loan | 433 | - |
| Accounts payable | 14,645 | 12,809 |
| Accrued payroll and commissions | 2,708 | 1,822 |
| Customer deposits | 4,672 | 5,386 |
| Current portion of operating leases | 1,309 | 1,332 |
| Current portion of finance lease obligations | 259 | 274 |
| Other accrued liabilities | 1,487 | 1,221 |
| Total current liabilities | 32,998 | 29,844 |
| Long-term liabilities: | ||
| Term loan | 1,743 | - |
| Long-term operating lease obligations | 6,186 | 6,476 |
| Long-term finance lease obligations | 577 | 626 |
| Other long-term liabilities | 428 | 426 |
| Total long-term liabilities | 8,934 | 7,528 |
| Total liabilities | 41,932 | 37,372 |
| 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 2,786,134 shares issued and outstanding, respectively | 28 | 28 |
| Additional paid-in capital | 17,981 | 17,855 |
| Accumulated other comprehensive loss | (640) | (709) |
| Retained earnings | 17,089 | 17,123 |
| Total shareholders’ equity | 34,708 | 34,547 |
| Total liabilities and shareholders’ equity | $76,640 | $71,919 |
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