NORTECH SYSTEMS INC
For the period ended Jun 30, 2025. Filed Aug 7, 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.
Jun 30, 2025 · Filed Aug 7, 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 Operations and Comprehensive Income (Loss)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
| THREE MONTHS ENDED · SIX MONTHS ENDED | ||||
|---|---|---|---|---|
| JUNE 30, | JUNE 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $30,675 | $33,891 | $57,570 | $68,106 |
| Cost of goods sold | 25,838 | 29,274 | 49,655 | 58,041 |
| Gross profit | 4,837 | 4,617 | 7,915 | 10,065 |
| Operating expenses: | ||||
| Selling | 1,204 | 909 | 2,388 | 1,714 |
| General and administrative | 2,589 | 2,982 | 5,504 | 6,152 |
| Research and development | 302 | 291 | 628 | 609 |
| Restructuring charges | - | 91 | 266 | 91 |
| Total operating expenses | 4,095 | 4,273 | 8,786 | 8,566 |
| Income (loss) from operations | 742 | 344 | (871) | 1,499 |
| Other expense: | ||||
| Interest expense | (257) | (165) | (471) | (332) |
| Income (loss) before income taxes | 485 | 179 | (1,342) | 1,167 |
| Income tax expense (benefit) | 172 | 22 | (339) | 245 |
| Net income (loss) | $313 | $157 | $(1,003) | $922 |
| Net income (loss) per common share: | ||||
| Basic (in dollars per share) | $0.12 | $0.06 | $(0.36) | $0.34 |
| Weighted average number of common shares outstanding - basic (in shares) | 2,773,598 | 2,760,052 | 2,767,263 | 2,751,330 |
| Diluted (in dollars per share) | $0.12 | $0.05 | $(0.36) | $0.32 |
| Weighted average number of common shares outstanding - diluted (in shares) | 2,954,765 | 2,935,671 | 2,767,263 | 2,922,113 |
| Other comprehensive income (loss) | ||||
| Foreign currency translation | 124 | (175) | 130 | (358) |
| Comprehensive income (loss), net of tax | $437 | $(18) | $(873) | $564 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.