Nortech Systems Incorporated

NSYS

$11.34

-1.52%

2026-09-03 16:00:00 EDT-$0.18

Healthcare

Medical - Devices

NASDAQ

Active Trading

Nortech Systems Incorporated, founded in 1990 and headquartered in Maple Grove, Minnesota, specializes in delivering comprehensive design and manufacturing solutions. The company ...

Price Action of NSYS

$11.34

-1.52%-$0.18

High—

Low—

52W High-37.1%

Rel. vol—

Interval

Range42m

Volume—SMA5SMA10

—

Nortech Systems Incorporated, founded in 1990 and headquartered in Maple Grove, Minnesota, is a strategic partner delivering comprehensive design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. The company operates globally with facilities in the United States, Mexico, Nicaragua, and China, employing approximately 713 people. Their ...Nortech Systems Incorporated, founded in 1990 and headquartered in Maple Grove, Minnesota, is a strategic partner delivering comprehensive design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. The company operates globally with facilities in the United States, Mexico, Nicaragua, and China, employing approximately 713 people. Their end-to-end services include project planning, innovative design, testing, rapid prototyping, full-scale production, supply chain management, and post-market support. They specialize in medical equipment, printed circuit board assemblies, wire and cable configurations, and higher-level electromechanical systems, also offering repair and engineering services. Primarily serving original equipment manufacturers (OEMs) in aerospace and defense, medical, and industrial markets, Nortech Systems differentiates itself through high-mix manufacturing, signal integrity expertise, IoT and emerging technologies, and speed-to-market strategies. Financially, the company has a market cap of about $41.6 million, with a TTM revenue per share of $43.71 and a net profit margin of 0.8%. Key financial metrics include a price-to-earnings ratio of 40.46, a debt-to-equity ratio of 0.52, and a current ratio of 1.84. Under the leadership of President and CEO Jay D. Miller, who assumed the role in February 2019, the company focuses on quality, performance, and innovation in engineering and manufacturing, aiming to provide customized solutions that meet the highest reliability standards. With a bet of -0.047, the stock shows low volatility relative to the market. Recent initiatives include a reimagined brand identity, reflecting its commitment to modernization and market leadership.ExpandCollapse

Founded

1990

Employees

699

CEO

Jay Dean Miller

Full Name

Nortech Systems Incorporated

Sector

Healthcare

Industry

Medical - Devices

ROE

2.99%

Market Cap

$0.03B

Current Ratio

1.78

WACC

5.06%

ROIC

4.16%

Contact Information

https://www.nortechsys.com

952 345 2244

7550 Meridian Circle North, Maple Grove, MN 55369

Key Metrics of NSYS

Snapshot

Latest / TTM · 6 periods

Market Cap

$31.68M

ROCE

5.7%

EV / EBITDA

14.07x

+2.8% YoY

FCF Yield

6.1%

-4.0% YoY

Cash Conversion Cycle

91.6d

Current Ratio

1.78

Quick take

TTM —

Positive CCC

Financial Highlights of NSYS

Profitability trend

Latest / TTM · 6 periods

Gross Margin

16.4%

Net Margin

0.8%

P/E Ratio

30.82x

n/a

Debt / Equity

0.50

n/a

Current Ratio

1.78

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of NSYS

Recent history

Aug 12, 2026
Q2 FY2026 · Results reported
EPS $0.11 · Revenue $33.54M
View filing
May 13, 2026
Q1 FY2026 · Results reported
EPS $-0.01 · Revenue $30.32M
View filing
Mar 26, 2026
FY2025 · Annual results
EPS $-0.09 · Revenue $118.36M
View filing
Nov 13, 2025
Q3 FY2025 · Results reported
EPS $-0.05 · Revenue $30.48M
View filing
Aug 7, 2025
Q2 FY2025 · Results reported
EPS $0.11 · Revenue $30.68M
View filing
May 14, 2025
Q1 FY2025 · Results reported
EPS $-0.48 · Revenue $26.89M
View filing

Financial Statements of NSYS

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$118.4M	-7.6%	+10.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-252000	+80.5%	+1029.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+15.2%	+16.6%	+9.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+1.0%	+788.9%	+1098.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-0.2%	+78.9%	+940.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$2.1M	+159.1%	+45.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+1.8%	+164.0%	+50.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	45.5%	-14.3%	-2.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.88x	-27.1%	-3.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$71.9M	-0.7%	+4.4%

Actual vs Estimate

A —Q —

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	—	—	—	—
Revenue Surprise	—	—	—	—

Insider Transactions of NSYS

Acquisitions (A)

Since May 19, 2025

Disposals (D)

Since May 19, 2025

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
May 19, 2025	Sen Debarati	director	Common Stock	A	6,876	$8.73
May 19, 2025	Sen Debarati	director	Stock Options	A	6,832	$8.73
May 19, 2025	Peris Jose Antonio	director	Common Stock	A	6,876	$8.73
May 19, 2025	Peris Jose Antonio	director	Stock Options	A	6,832	$8.73
May 19, 2025	MCMANUS RYAN	director	Common Stock	A	6,876	$8.73

Earnings Call Transcript of NSYS

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good afternoon, ladies and gentlemen, and welcome to the Nortech Systems Incorporated Second Quarter 2026 Earnings Conference Call. With me on the line today are Jay Miller, President and Chief Executive Officer; and Andrew LaFrence, Chief Financial Officer and Senior Vice President of Finance. [Operator Instructions] At this time, it is my pleasure to turn the call over to Andy LaFrence. Andrew LaFrence: Thank you, Jenny, and welcome, everyone. Jay will begin today's call with a review of our operations, recent developments and business outlook. I will then review Nortech's second quarter financial results before turning the call back to Jay for closing comments. After that, we will open up the line for questions. Before we continue, please note statements made during this call may be forward-looking statements regarding expected net sales, operating results, future plans, opportunities and other company expectations. These estimates, plans and other forward-looking statements involve unknown and known risks and uncertainties that may cause actual results to differ materially from those expressed or implied in this call. These risks, including those detailed in our most recent SEC filings, may be amended or supplemented. The statements made during this conference call are based upon information known by Nortech as of the date and time of this call, and we assume no obligation to update the information in today's call. You can find Nortech's complete safe harbor statements in our SEC filings. And with that, I will turn it over to Jay for his opening comments. Jay? Jay Miller: Thank you, Andy, and good afternoon, everyone. We appreciate you joining us. The second quarter reflected continued execution across the business with net sales increasing 9.3% year-over-year to $33.5 million, gross margin improving to 17% and operating income of $623,000. Our results benefited from higher revenue levels, improved manufacturing cost absorption from increased production activity and continued progress following the restructuring initiatives in late 2024 and early 2025. These improvements were partially offset by higher incentive compensation expense in 2026. Backlog remains one of the clearest and best forward-looking indicators that our strategy is gaining traction. As of June 30, 2026, our 90-day shipment backlog was $33.4 million, up 6.3% from the beginning of the quarter and up 25.8% from June 30, 2025. Our total order backlog as of June 30, 2026, was $93.8 million, up 3.4% from the beginning of the quarter and up 19.8% compared with the same period last year. Year-over-year growth in total backlog was primarily driven by an increase in aerospace and defense and medical imaging orders. This progress reflects stronger customer engagement, successful program transfers and the value of our manufacturing footprint across the U.S., Mexico and China. We continue to see strong quoting activity as customers evaluate nearshore manufacturing strategies …

Leadership Team of NSYS

7 executives

Name	Title	Compensation	Gender	Year Born	Status
Jay Dean Miller	President, Chief Executive Officer & Director	USD 525,750	Male	1960	Active
Andrew LaFrence	CFO & SVP of Finance	USD 324,250	Male	1963	Active
Andrew Walko	Senior Vice President of Global Operations	USD 277,040	Male	1985	Active
Corey Hancock	Senior Vice President of Sales & Business Development	—	Male	—	Active
Monica Hamling	Senior Vice President of People Operations & Culture	—	Female	—	Active
Mark T. Hooley	Secretary	—	—	—	Active
Alan Nordstrom	Corporate Controller	—	Male	—	Active

Recent News of NSYS

Seeking Alpha8/12/2026Neutral

Nortech Systems Incorporated (NSYS) Q2 2026 Earnings Call Transcript

GlobeNewsWire8/12/2026Neutral

Nortech Systems Reports Second Quarter Results

MINNEAPOLIS, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (Nasdaq: NSYS) (“Nortech” or the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical imaging, medical device, industrial, and aerospace & defense markets, reported financial results for the second quarter ended June 30, 2026.

GlobeNewsWire8/3/2026Neutral

Nortech Systems Incorporated to Report Second Quarter 2026 Financial Results and Hold a Conference Call on August 12, 2026

MINNEAPOLIS, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical imaging, medical device, aerospace & defense and industrial markets, will hold a live conference call and webcast at 3:30 p.m. Central Time on Wednesday, August 12, 2026, to discuss the Company's second quarter 2026 financial results. The call will be hosted by Jay D. Miller, Chief Executive Officer and President, and Andrew D. C. LaFrence, Chief Financial Officer. To access the live audio conference call, US participants may call 888-506-0062 and international participants may call 973-528-0011. Participant Access Code: 979013. Participants may also access the call via webcast at: https://www.webcaster5.com/Webcast/Page/2814/54239.

Globe News Wire8/3/2026Neutral

Nortech Systems Incorporated to Report Second Quarter 2026 Financial Results and Hold a Conference Call on August 12, 2026

Historical Employee Count of NSYS

Current

685

Change

-2.28%

Minimum

685

Maximum

782

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	685	10-K	Mar 26, 2026	View
Dec 31, 2024	701	10-K	Mar 31, 2025	View
Dec 31, 2023	733	10-K	Mar 20, 2024	View
Dec 31, 2022	782	10-K	Mar 17, 2023	View
Dec 31, 2021	782	10-K	Mar 17, 2022	View

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Nortech Systems Incorporated

Contact Information

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Q1 FY2025 · Results reported

Nortech Systems Incorporated (NSYS) Q2 2026 Earnings Call Transcript

Nortech Systems Reports Second Quarter Results

Nortech Systems Incorporated to Report Second Quarter 2026 Financial Results and Hold a Conference Call on August 12, 2026

Nortech Systems Incorporated to Report Second Quarter 2026 Financial Results and Hold a Conference Call on August 12, 2026

Recent Filings

Related stocksHardware, Equipment & Parts

Recent history

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Q2 FY2025 · Results reported

Q1 FY2025 · Results reported

Nortech Systems Incorporated (NSYS) Q2 2026 Earnings Call Transcript

Nortech Systems Reports Second Quarter Results

Nortech Systems Incorporated to Report Second Quarter 2026 Financial Results and Hold a Conference Call on August 12, 2026

Nortech Systems Incorporated to Report Second Quarter 2026 Financial Results and Hold a Conference Call on August 12, 2026

Recent Filings