NORTECH SYSTEMS INC
For the period ended Mar 31, 2025. Filed May 14, 2025.
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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, 2025 · Filed May 14, 2025
NSYS$10.69+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| THREE MONTHS ENDED | ||
|---|---|---|
| MARCH 31, | ||
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net (loss) income | $(1,316) | $765 |
| Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | ||
| Depreciation | 342 | 442 |
| Amortization | 5 | 40 |
| Compensation on stock-based awards | 118 | 80 |
| Change in accounts receivable allowance | 35 | (66) |
| Change in inventory reserves | 231 | 76 |
| Other, net | - | (4) |
| Changes in current operating assets and liabilities: | ||
| Accounts receivable | (814) | 3,215 |
| Inventories | 487 | (1,400) |
| Contract assets | 388 | 287 |
| Prepaid expenses and other assets | (1,588) | (328) |
| Accounts payable | (1,441) | (8) |
| Accrued payroll and commissions | 674 | 640 |
| Customer deposits | (112) | (926) |
| Other accrued liabilities | 61 | 15 |
| Net cash (used in) provided by operating activities | (2,930) | 2,828 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from sale of property and equipment | - | 9 |
| Purchases of property and equipment | (268) | (744) |
| Net cash used in investing activities | (268) | (735) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from line of credit | 25,970 | 32,768 |
| Payments to line of credit | (22,710) | (32,394) |
| Proceeds from notes payable | 219 | - |
| Principal payments on financing leases | (52) | (100) |
| Stock option exercises | 19 | - |
| Net cash provided by financing activities | 3,446 | 274 |
| Effect of exchange rate changes on cash | (2) | (14) |
| Net change in cash | 246 | 2,353 |
| Cash - beginning of period | 916 | 1,675 |
| Cash - end of period | $1,162 | $4,028 |
NORTECH SYSTEMS INCORPORATED AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| THREE MONTHS ENDED | |||
|---|---|---|---|
| MARCH 31, | |||
| 2025 · 2024 | |||
| Supplemental disclosure of cash flow information: | |||
| Cash paid for interest | $203 | $134 | |
| Cash paid for income taxes | $179 | $141 | |
| Supplemental noncash investing and financing activities: | |||
| Property and equipment purchases in accounts payable | $42 | $16 | |
| Operating lease assets acquired under operating leases | $ | - | $719 |
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