NORTECH SYSTEMS INCORPORATED
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $118.4M | $14.4M | $13.4M | $134.1M | $115.2M | $104.1M | $116.3M | $113.4M |
| Cost of Revenue | $100.4M | $111.4M | $116.2M | $113.6M | $99.3M | $94.4M | $103.8M | $100.1M |
| Gross Profit | $18.0M | $16.7M | $23.1M | $20.5M | $15.9M | $9.7M | $12.6M | $13.3M |
| Gross Margin | 15.2% | 116.4% | 172.0% | 15.3% | 13.8% | 9.3% | 10.8% | 11.7% |
| Operating Expenses | ||||||||
| Research & Development | $1.2M | $1.2M | $1.2M | $1.5M | $483.0K | $0 | — | — |
| SG&A Expense | $10.8M | $11.7M | $12.4M | $11.4M | $10.0M | $9.3M | $9.6M | $8.4M |
| Operating Income | $975.0K | $-195.0K | $6.0M | $3.9M | $2.3M | $-616.0K | $224.0K | $1.2M |
| Operating Margin | 0.8% | -1.4% | 44.3% | 2.9% | 2.0% | -0.6% | 0.2% | 1.1% |
| Interest Expense | — | — | $487.0K | $411.0K | $430.0K | $620.0K | $1.0M | $757.0K |
| Pretax Income | $11.0K | $-939.0K | $5.5M | $3.5M | $8.0M | $-1.2M | $-819.0K | $492.0K |
| Income Tax Expense | $263.0K | $356.0K | $-1.4M | $1.5M | $859.0K | $310.0K | $409.0K | $326.0K |
| Net Income | $-252.0K | $-1.3M | $6.9M | $2.0M | $7.2M | $-1.5M | $-1.2M | $166.0K |
| Net Margin | -0.2% | -9.0% | 51.2% | 1.5% | 6.2% | -1.5% | -1.1% | 0.1% |
| EPS (Basic) | $-0.09 | $-0.47 | $2.53 | $0.75 | $2.68 | $-0.58 | $-0.46 | $0.06 |
| EPS (Diluted) | $-0.09 | $-0.47 | $2.38 | $0.70 | $2.54 | $-0.58 | $-0.46 | $0.06 |
| Shares Outstanding (Basic) | 2.8M | 2.8M | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M | 2.7M |
| Shares Outstanding (Diluted) | 2.8M | 2.8M | 2.9M | 2.9M | 2.8M | 2.7M | 2.7M | 2.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |