Nortech Systems Incorporated (NSYS)

Nortech Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	139.33	134.12	115.17	104.11	116.33
Revenue Growth (YoY)	3.88%	16.46%	10.63%	-10.51%	2.61%
Cost of Revenue	116.23	113.64	99.3	94.44	103.76
Gross Profit	23.1	20.48	15.86	9.67	12.58
Selling, General & Admin	15.95	15.14	12.36	11.73	12.35
Research & Development	1.2	1.46	0.48	0	0
Other Operating Expenses	0	-0.02	0.75	-1.45	0
Operating Expenses	17.15	16.59	13.59	10.28	12.35
Operating Income	5.95	3.89	2.27	-0.62	0.22
Interest Expense / Income	0.49	0.41	0.43	0.62	1.04
Other Expense / Income	-	-	-6.17	-	-
Pretax Income	5.47	3.48	8.01	-1.24	-0.82
Income Tax	-1.41	1.47	0.86	0.31	0.41
Net Income	6.87	2.01	7.15	-1.55	-1.23
Net Income Growth	241.99%	-71.90%	-	-	-
Shares Outstanding (Basic)	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3
Shares Change	-0.19%	2.47%	6.16%	-0.28%	-1.28%
EPS (Basic)	2.53	0.75	2.68	-0.58	-0.46
EPS (Diluted)	2.38	0.70	2.54	-0.58	-0.46
EPS Growth	240.00%	-72.44%	-	-	-
Free Cash Flow	0.49	2.98	-5.27	6.86	0.24
Free Cash Flow Per Share	0.18	1.11	-1.98	2.58	0.09
Gross Margin	16.58%	15.27%	13.77%	9.28%	10.81%
Operating Margin	4.27%	2.90%	1.97%	-0.59%	0.19%
Profit Margin	4.93%	1.50%	6.21%	-1.49%	-1.06%
Free Cash Flow Margin	0.35%	2.22%	-4.58%	6.59%	0.21%
Effective Tax Rate	-25.76%	42.19%	10.72%	-	-
EBITDA	8	5.81	10.39	1.58	2.45
EBITDA Margin	5.74%	4.33%	9.02%	1.51%	2.10%
Depreciation & Amortization	2.05	1.92	1.95	2.19	2.22
EBIT	5.95	3.89	8.44	-0.62	0.22
EBIT Margin	4.27%	2.90%	7.33%	-0.59%	0.19%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).