NORTECH SYSTEMS INC
For the period ended Aug 7, 2025. Filed Aug 7, 2025.
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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.
Aug 7, 2025 · Filed Aug 7, 2025
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)
| JUNE 30, 2025 | DECEMBER 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $652 | $916 |
| Accounts receivable, less allowances of $206 and $196, respectively | 17,810 | 14,875 |
| Inventories, net | 18,628 | 21,638 |
| Contract assets | 14,984 | 13,792 |
| Assets held for sale | 495 | - |
| Prepaid assets and other assets | 5,749 | 4,094 |
| Total current assets | 58,318 | 55,315 |
| Property and equipment, net | 5,443 | 6,232 |
| Operating lease assets, net | 7,563 | 8,139 |
| Deferred tax assets | 3,275 | 2,575 |
| Other intangible assets, net | 165 | 174 |
| Other assets | 61 | - |
| Total assets | $74,825 | $72,435 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $11,931 | $11,582 |
| Accrued payroll and commissions | 1,752 | 1,841 |
| Customer deposits | 5,176 | 5,140 |
| Current portion of operating lease obligations | 1,237 | 1,175 |
| Current portion of finance lease obligations | 229 | 143 |
| Notes payable | - | 344 |
| Other accrued liabilities | 1,283 | 1,203 |
| Total current liabilities | 21,608 | 21,428 |
| Long-term liabilities: | ||
| Long-term line of credit | 11,615 | 8,634 |
| Long-term operating lease obligations, net of current portion | 7,145 | 7,773 |
| Long-term finance lease obligations, net of current portion | 781 | 311 |
| Other long-term liabilities | 288 | 284 |
| Total long-term liabilities | 19,829 | 17,002 |
| Total liabilities | 41,437 | 38,430 |
| 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; 2,780,134 and 2,760,793 shares issued and outstanding, respectively | 28 | 28 |
| Additional paid-in capital | 17,585 | 17,329 |
| Accumulated other comprehensive loss | (847) | (977) |
| Retained earnings | 16,372 | 17,375 |
| Total shareholders’ equity | 33,388 | 34,005 |
| Total liabilities and shareholders’ equity | $74,825 | $72,435 |
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