Nortech Systems Incorporated (NSYS) financial statements (2021 and earlier)

Company profile

Business Address 7550 MERIDIAN CIRCLE N
MAPLE GROVE, MN 55369
State of Incorp. MN
Fiscal Year End December 31
SIC 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0001000
Cash and cash equivalents0001000
Restricted cash and investments3100020
Receivables16161920192021
Inventory, net of allowances, customer advances and progress billings14141515141716
Inventory14141515141716
Contract with customer, asset6767877
Other undisclosed current assets2122222
Total current assets:41414445434847
Noncurrent Assets
Finance lease, right-of-use asset2      
Operating lease, right-of-use asset9945555
Property, plant and equipment6799101010
Intangible assets, net (including goodwill)(2)444444
Goodwill(3)222222
Intangible assets, net (excluding goodwill)1111111
Other noncurrent assets     00
Other undisclosed noncurrent assets1      
Total noncurrent assets:17191718181919
TOTAL ASSETS:58606163616765
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17162022202423
Accounts payable11111416141817
Accrued liabilities3133333
Employee-related liabilities3333333
Taxes payable 0     
Deferred revenue 1     
Debt2111222
Other undisclosed current liabilities1111   
Total current liabilities:20182224222625
Noncurrent Liabilities
Long-term debt and lease obligation1617159999
Long-term debt, excluding current maturities6793333
Finance lease, liability1112111
Operating lease, liability9944455
Liabilities, other than long-term debt0000000
Other liabilities0000000
Other undisclosed noncurrent liabilities33410101212
Total noncurrent liabilities:19201919192221
Total liabilities:39384143414746
Stockholders' equity
Stockholders' equity attributable to parent19222020202019
Preferred stock0000000
Common stock0000000
Additional paid in capital16161616161616
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)(0)
Retained earnings3644444
Total stockholders' equity:19222020202019
TOTAL LIABILITIES AND EQUITY:58606163616765

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues24262627313027
Cost of revenue
(Cost of Goods and Services Sold)
(22)(25)(24)(24)(27)(26)(25)
Gross profit:1223442
Operating expenses(5)1(2)(3)(3)(3)(4)
Operating income (loss):(4)30011(1)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before income taxes:(4)3(0)010(1)
Income tax expense (benefit)0(1)0(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(4)2(0)000(2)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(4)2(0)000(2)
Comprehensive income (loss):(4)2(0)000(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent000(0)0(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(3)2(0)000(2)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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