NORTECH SYSTEMS INC

For the period ended Jun 30, 2026. Filed Aug 12, 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.

Jun 30, 2026 · Filed Aug 12, 2026

NSYS$10.54-5.9%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

AS OF JUNE 30, 2026 AND DECEMBER 31, 2025

(IN THOUSANDS, EXCEPT SHARE DATA)

	JUNE 30, 2026	DECEMBER 31, 2025
ASSETS
Current assets:
Cash	$1,380	$1,655
Restricted cash	294	-
Accounts receivable, less allowance for credit losses of $154 and $161, respectively	19,850	16,998
Inventories, net	24,512	20,695
Contract assets	16,979	15,184
Prepaid assets and other assets	1,279	1,618
Total current assets	64,294	56,150
Property and equipment, net	4,977	5,203
Operating lease assets, net	6,420	7,016
Deferred tax assets	3,963	3,394
Other intangible assets, net	147	156
Deferred line of credit issuance costs, net	244	-
Total assets	$80,045	$71,919
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Lines of credit	$7,868	$7,000
Current portion of term loan, net of debt issuance costs	432	-
Accounts payable	14,949	12,809
Accrued payroll and commissions	2,808	1,822
Customer deposits	6,848	5,386
Current portion of operating leases	1,246	1,332
Current portion of finance lease obligations	243	274
Other accrued liabilities	1,644	1,221
Total current liabilities	36,038	29,844
Long-term liabilities:
Term loan, net of debt issuance costs	1,636	-
Long-term operating lease obligations	5,929	6,476
Long-term finance lease obligations	534	626
Other long-term liabilities	434	426
Total long-term liabilities	8,533	7,528
Total liabilities	44,571	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; 2,853,766 and 2,786,134 shares issued and outstanding, respectively	29	28
Additional paid-in capital	18,409	17,855
Accumulated other comprehensive loss	(619)	(709)
Retained earnings	17,405	17,123
Total shareholders’ equity	35,474	34,547
Total liabilities and shareholders’ equity	$80,045	$71,919

See Accompanying Notes to Condensed Consolidated Financial Statements.

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.