NORTECH SYSTEMS INC
For the period ended Mar 31, 2025. Filed May 14, 2025.
View on SEC.govAbout this filing
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.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE (LOSS) INCOME
(IN THOUSANDS, EXCEPT SHARE DATA)
| THREE MONTHS ENDED | ||
|---|---|---|
| MARCH 31, | ||
| 2025 | 2024 | |
| Net sales | $26,895 | $34,215 |
| Cost of goods sold | 23,817 | 28,767 |
| Gross profit | 3,078 | 5,448 |
| Operating expenses: | ||
| Selling | 1,184 | 805 |
| General and administrative | 2,915 | 3,170 |
| Research and development | 326 | 318 |
| Restructuring charges | 266 | - |
| Total operating expenses | 4,691 | 4,293 |
| (Loss) income from operations | (1,613) | 1,155 |
| Other expense: | ||
| Interest expense | (214) | (167) |
| (Loss) income before income taxes | (1,827) | 988 |
| Income tax (benefit) expense | (511) | 223 |
| Net (loss) income | $(1,316) | $765 |
| Net (loss) income per common share: | ||
| Basic (in dollars per share) | $(0.48) | $0.28 |
| Weighted average number of common shares outstanding - basic (in shares) | 2,760,929 | 2,742,511 |
| Diluted (in dollars per share) | $(0.48) | $0.26 |
| Weighted average number of common shares outstanding - diluted (in shares) | 2,760,929 | 2,908,457 |
| Other comprehensive (loss) income | ||
| Foreign currency translation | 6 | (183) |
| Comprehensive (loss) income, net of tax | $(1,310) | $582 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.