Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117M | $112M | $113M | $116M | $104M | $115M | $134M | $139M | $128M | $118M |
| Revenue growth | — | -3.7% | 0.9% | 2.6% | -10.5% | 10.6% | 16.5% | 3.9% | -8.0% | -7.6% |
| Gross profit | $13.8M | $12.1M | $13.3M | $12.6M | $9.66M | $15.9M | $20.5M | $23.1M | $16.7M | $18.0M |
| Gross margin | 11.9% | 10.8% | 11.7% | 10.8% | 9.3% | 13.8% | 15.3% | 16.6% | 13.1% | 15.2% |
| Operating income | $629K | -$1.27M | $1.25M | $224K | -$616K | $2.27M | $3.89M | $5.95M | -$195K | $975K |
| Operating margin | 0.5% | -1.1% | 1.1% | 0.2% | -0.6% | 2.0% | 2.9% | 4.3% | -0.2% | 0.8% |
| Net income | $43.8K | -$2.45M | $166K | -$1.23M | -$1.55M | $7.15M | $2.01M | $6.87M | -$1.29M | -$252K |
| Net margin | 0.0% | -2.2% | 0.1% | -1.1% | -1.5% | 6.2% | 1.5% | 4.9% | -1.0% | -0.2% |
| EPS (diluted) | $0.02 | -$0.89 | $0.06 | -$0.46 | -$0.58 | $2.54 | $0.70 | $2.38 | -$0.47 | -$0.09 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.53M | $806K | $2.44M | $997K | $1.36M | -$4.54M | $5.40M | $1.77M | -$2.25M | $2.74M |
| Capital expenditures | $1.96M | $813K | $1.40M | $719K | $485K | $1.29M | $2.37M | $1.28M | $1.27M | $661K |
| Free cash flow | $1.58M | -$7.00K | $1.04M | $278K | $878K | -$5.83M | $3.03M | $485K | -$3.52M | $2.08M |
| Share buybacks | — | $30.0K | $276K | $130K | — | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $268K | $473K | $480K | $351K | $352K | $643K | $1.03M | $960K | $916K | $1.66M |
| Total assets | $55.5M | $52.1M | $60.0M | $61.4M | $57.6M | $67.1M | $69.5M | $75.1M | $72.4M | $71.9M |
| Total liabilities | $33.2M | $32.3M | $38.9M | $41.4M | $38.9M | $41.0M | $41.5M | $39.8M | $38.4M | $37.4M |
| Long-term debt | $4.89M | $4.35M | $3.62M | $3.18M | $5.87M | — | — | — | — | — |
| Shareholders' equity | $22.3M | $19.8M | $21.1M | $20.0M | $18.7M | $26.1M | $28.1M | $35.3M | $34.0M | $34.5M |
| Retained earnings | $6.34M | $3.89M | $5.44M | $4.21M | $2.66M | $9.82M | $11.8M | $18.7M | $17.4M | $17.1M |
| Shares (wtd avg diluted) | 2.75M | 2.75M | 2.70M | 2.67M | 2.66M | 2.82M | 2.89M | 2.89M | 2.76M | 2.78M |
Every figure is extracted from NORTECH SYSTEMS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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