NSYS: Nortech Systems Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Nortech Systems Inc (NSYS).
$28.37M Market Cap.
NSYS Market Cap. (MRY)
NSYS Shares Outstanding (MRY)
NSYS Assets (MRY)
Total Assets
$72.44M
Total Liabilities
$38.43M
Total Investments
$0
NSYS Income (MRY)
Revenue
$128.13M
Net Income
-$1.29M
Operating Expense
$16.92M
NSYS Cash Flow (MRY)
CF Operations
-$2.25M
CF Investing
-$1.26M
CF Financing
$2.77M
NSYS Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $72,435,000 (-3.58%) | $75,127,000 (8.03%) | $69,540,000 (3.65%) | $67,091,000 (16.41%) |
Assets Current | $55,315,000 (-5.92%) | $58,793,000 (7.17%) | $54,860,000 (5.96%) | $51,774,000 (26.16%) |
Assets Non-Current | $17,120,000 (4.81%) | $16,334,000 (11.27%) | $14,680,000 (-4.16%) | $15,317,000 (-7.71%) |
Goodwill & Intangible Assets | $174,000 (-33.84%) | $263,000 (-37.68%) | $422,000 (-15.77%) | $501,000 (-57.29%) |
Shareholders Equity | $34,005,000 (-3.79%) | $35,344,000 (25.87%) | $28,080,000 (7.54%) | $26,111,000 (39.50%) |
Property Plant & Equipment Net | $14,371,000 (7.01%) | $13,430,000 (-5.81%) | $14,258,000 (-3.77%) | $14,816,000 (-3.94%) |
Cash & Equivalents | $916,000 (-45.31%) | $1,675,000 (-32.49%) | $2,481,000 (11.51%) | $2,225,000 (-37.57%) |
Accumulated Other Comprehensive Income | -$977,000 (-83.65%) | -$532,000 (-43.78%) | -$370,000 (-760.71%) | $56,000 (251.35%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $21,638,000 (-0.10%) | $21,660,000 (-3.47%) | $22,438,000 (15.46%) | $19,434,000 (39.64%) |
Trade & Non-Trade Receivables | $14,875,000 (-22.84%) | $19,279,000 (20.68%) | $15,975,000 (9.81%) | $14,548,000 (-6.89%) |
Trade & Non-Trade Payables | $11,582,000 (-27.27%) | $15,924,000 (7.65%) | $14,792,000 (16.38%) | $12,710,000 (13.09%) |
Accumulated Retained Earnings (Deficit) | $17,375,000 (-6.94%) | $18,670,000 (57.87%) | $11,826,000 (20.48%) | $9,816,000 (268.75%) |
Tax Assets | $2,575,000 (-2.50%) | $2,641,000 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $18,380,000 (29.66%) | $14,176,000 (-14.15%) | $16,512,000 (-18.31%) | $20,214,000 (-7.22%) |
Debt Current | $1,662,000 (19.65%) | $1,389,000 (-10.10%) | $1,545,000 (-6.02%) | $1,644,000 (-35.58%) |
Debt Non-Current | $16,718,000 (30.74%) | $12,787,000 (-14.57%) | $14,967,000 (-19.40%) | $18,570,000 (-3.45%) |
Total Liabilities | $38,430,000 (-3.40%) | $39,783,000 (-4.04%) | $41,460,000 (1.17%) | $40,980,000 (5.30%) |
Liabilities Current | $21,428,000 (-19.39%) | $26,582,000 (0.70%) | $26,398,000 (18.34%) | $22,306,000 (14.18%) |
Liabilities Non-Current | $17,002,000 (28.79%) | $13,201,000 (-12.36%) | $15,062,000 (-19.34%) | $18,674,000 (-3.64%) |
NSYS Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $128,133,000 (-8.04%) | $139,332,000 (3.88%) | $134,123,000 (16.46%) | $115,168,000 (10.63%) |
Cost of Revenue | $111,411,000 (-4.14%) | $116,228,000 (2.27%) | $113,643,000 (14.44%) | $99,304,000 (5.15%) |
Selling General & Administrative Expense | $15,155,000 (-5.00%) | $15,952,000 (5.34%) | $15,144,000 (22.49%) | $12,363,000 (5.42%) |
Research & Development Expense | $1,191,000 (-0.67%) | $1,199,000 (-18.05%) | $1,463,000 (202.90%) | $483,000 (0%) |
Operating Expenses | $16,917,000 (-1.36%) | $17,151,000 (3.37%) | $16,592,000 (22.07%) | $13,592,000 (32.21%) |
Interest Expense | $744,000 (52.77%) | $487,000 (18.49%) | $411,000 (-4.42%) | $430,000 (-30.65%) |
Income Tax Expense | $356,000 (125.28%) | -$1,408,000 (-195.98%) | $1,467,000 (70.78%) | $859,000 (177.10%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$1,295,000 (-118.84%) | $6,874,000 (241.99%) | $2,010,000 (-71.90%) | $7,154,000 (562.74%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$1,295,000 (-118.84%) | $6,874,000 (241.99%) | $2,010,000 (-71.90%) | $7,154,000 (562.74%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$1,295,000 (-118.84%) | $6,874,000 (241.99%) | $2,010,000 (-71.90%) | $7,154,000 (562.74%) |
Weighted Average Shares | $2,755,041 (1.21%) | $2,722,135 (1.37%) | $2,685,378 (0.78%) | $2,664,586 (0.26%) |
Weighted Average Shares Diluted | $2,755,041 (-4.53%) | $2,885,879 (-0.19%) | $2,891,285 (2.47%) | $2,821,523 (6.16%) |
Earning Before Interest & Taxes (EBIT) | -$195,000 (-103.28%) | $5,953,000 (53.11%) | $3,888,000 (-53.95%) | $8,443,000 (1470.62%) |
Gross Profit | $16,722,000 (-27.62%) | $23,104,000 (12.81%) | $20,480,000 (29.10%) | $15,864,000 (64.14%) |
Operating Income | -$195,000 (-103.28%) | $5,953,000 (53.11%) | $3,888,000 (71.13%) | $2,272,000 (468.83%) |
NSYS Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$1,263,000 (1.64%) | -$1,284,000 (47.07%) | -$2,426,000 (-232.33%) | -$730,000 (-113.27%) |
Net Cash Flow from Financing | $2,765,000 (315.85%) | -$1,281,000 (51.97%) | -$2,667,000 (-167.85%) | $3,931,000 (199.29%) |
Net Cash Flow from Operations | -$2,250,000 (-227.19%) | $1,769,000 (-67.25%) | $5,402,000 (218.99%) | -$4,540,000 (-433.09%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$759,000 (5.83%) | -$806,000 (-414.84%) | $256,000 (119.12%) | -$1,339,000 (-146.11%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$1,263,000 (1.64%) | -$1,284,000 (47.07%) | -$2,426,000 (-232.33%) | -$730,000 (-113.27%) |
Issuance (Repayment) of Debt Securities | $2,827,000 (296.32%) | -$1,440,000 (47.02%) | -$2,718,000 (-169.76%) | $3,896,000 (198.41%) |
Issuance (Purchase) of Equity Shares | -$100,000 (0%) | $0 (0%) | $0 (0%) | $35,000 (0%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$11,000 (-10.00%) | -$10,000 (81.13%) | -$53,000 (0%) | $0 (0%) |
Share Based Compensation | $461,000 (8.98%) | $423,000 (26.65%) | $334,000 (31.50%) | $254,000 (44.32%) |
Depreciation Amortization & Accretion | $1,738,000 (-15.22%) | $2,050,000 (6.88%) | $1,918,000 (-1.64%) | $1,950,000 (-11.08%) |
NSYS Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 13.10% (-21.08%) | 16.60% (8.50%) | 15.30% (10.87%) | 13.80% (48.39%) |
Profit Margin | -1.00% (-120.41%) | 4.90% (226.67%) | 1.50% (-75.81%) | 6.20% (513.33%) |
EBITDA Margin | 1.20% (-78.95%) | 5.70% (32.56%) | 4.30% (-52.22%) | 9.00% (500.00%) |
Return on Average Equity (ROAE) | -3.70% (-116.74%) | 22.10% (202.74%) | 7.30% (-79.14%) | 35.00% (560.53%) |
Return on Average Assets (ROAA) | -1.70% (-117.35%) | 9.80% (237.93%) | 2.90% (-74.34%) | 11.30% (534.62%) |
Return on Sales (ROS) | -0.20% (-104.65%) | 4.30% (48.28%) | 2.90% (-60.27%) | 7.30% (1316.67%) |
Return on Invested Capital (ROIC) | -0.30% (-102.86%) | 10.50% (66.67%) | 6.30% (-57.72%) | 14.90% (1454.55%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -21.89 (-688.07%) | 3.72 (-77.21%) | 16.33 (322.92%) | 3.86 (131.24%) |
Price to Sales Ratio (P/S) | 0.22 (20.11%) | 0.18 (-24.90%) | 0.24 (2.51%) | 0.24 (30.60%) |
Price to Book Ratio (P/B) | 0.83 (14.25%) | 0.73 (-37.82%) | 1.17 (10.86%) | 1.06 (4.03%) |
Debt to Equity Ratio (D/E) | 1.13 (0.36%) | 1.13 (-23.71%) | 1.48 (-5.93%) | 1.57 (-24.53%) |
Earnings Per Share (EPS) | -0.47 (-118.58%) | 2.53 (237.33%) | 0.75 (-72.01%) | 2.68 (562.07%) |
Sales Per Share (SPS) | 46.51 (-9.14%) | 51.19 (2.48%) | 49.95 (15.56%) | 43.22 (10.34%) |
Free Cash Flow Per Share (FCFPS) | -1.27 (-816.29%) | 0.18 (-83.94%) | 1.11 (156.02%) | -1.98 (-176.61%) |
Book Value Per Share (BVPS) | 12.34 (-4.94%) | 12.98 (24.17%) | 10.46 (6.71%) | 9.8 (39.13%) |
Tangible Assets Book Value Per Share (TABVPS) | 26.23 (-4.63%) | 27.5 (6.85%) | 25.74 (2.99%) | 24.99 (17.64%) |
Enterprise Value Over EBIT (EV/EBIT) | -236 (-4033.33%) | 6 (-53.85%) | 13 (116.67%) | 6 (109.68%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 29.82 (531.55%) | 4.72 (-45.85%) | 8.72 (82.95%) | 4.77 (-80.47%) |
Asset Turnover | 1.7 (-14.60%) | 1.99 (4.78%) | 1.9 (4.85%) | 1.81 (5.34%) |
Current Ratio | 2.58 (16.68%) | 2.21 (6.45%) | 2.08 (-10.47%) | 2.32 (10.47%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$3,513,000 (-824.33%) | $485,000 (-83.70%) | $2,976,000 (156.47%) | -$5,270,000 (-176.79%) |
Enterprise Value (EV) | $46,015,101 (21.77%) | $37,787,931 (-25.37%) | $50,633,266 (2.19%) | $49,545,862 (28.70%) |
Earnings Before Tax (EBT) | -$939,000 (-117.18%) | $5,466,000 (57.20%) | $3,477,000 (-56.61%) | $8,013,000 (748.30%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $1,543,000 (-80.72%) | $8,003,000 (37.84%) | $5,806,000 (-44.14%) | $10,393,000 (559.04%) |
Invested Capital | $68,297,000 (12.36%) | $60,783,000 (7.10%) | $56,751,000 (-8.87%) | $62,273,000 (12.92%) |
Working Capital | $33,887,000 (5.20%) | $32,211,000 (13.17%) | $28,462,000 (-3.41%) | $29,468,000 (37.05%) |
Tangible Asset Value | $72,261,000 (-3.48%) | $74,864,000 (8.31%) | $69,118,000 (3.80%) | $66,590,000 (17.94%) |
Market Capitalization | $28,368,101 (9.93%) | $25,804,931 (-21.71%) | $32,960,266 (19.18%) | $27,655,862 (45.14%) |
Average Equity | $35,461,500 (13.98%) | $31,111,500 (13.65%) | $27,375,250 (34.01%) | $20,427,750 (0.93%) |
Average Assets | $75,278,000 (7.69%) | $69,900,750 (-0.87%) | $70,513,750 (11.08%) | $63,479,000 (5.02%) |
Invested Capital Average | $67,192,250 (18.06%) | $56,913,750 (-7.94%) | $61,824,250 (9.44%) | $56,489,750 (0.81%) |
Shares | 2,756,754 (0.63%) | 2,739,377 (1.81%) | 2,690,634 (0.69%) | 2,672,064 (0.55%) |
