Nortech Systems (NSYS)

Nortech Systems is a leading provider of design and manufacturing solutions for complex electromechanical systems, assemblies, and components. Nortech Systems primarily serves the medical, aerospace & defense, and industrial markets. Its design services span concept development to commercial design, and include software, electrical, mechanical, and biomedical engineering. Its manufacturing and supply chain capabilities are vertically integrated around wire/cable/interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech currently has seven manufacturing locations and design centers across the U.S., Latin America, and Asia.

Company profile

Ticker

NSYS

Exchange

NASDAQ

Website

www.nortechsys.com

CEO

Jay Dean Miller

Incorporated

Minnesota

Location

Minnesota

Fiscal year end

Dec 31

Sector

Manufacturing > Electronic Computer Manufacturing

Industry (SIC)

Electronic Components, NEC

Varex Imaging • Advanced Energy Industries • Vicor • Impinj • Espey Manufacturing & Electronics • LGL • Bonso Electronics International • Microvision • Neonode • Inrad Optics ...

SEC CIK

0000722313

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Manufacturing Assembly Solutions of Monterrey, Inc. • Nortech Systems, Hong Kong Company, Limited • Nortech Systems, Suzhou Company, Limited ...

IRS number

411681094

NSYS stock data

1M 1Y 5Y

News

From Benzinga Pro

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18 Aug 22

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11 Aug 22

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11 Aug 22

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Why Plug Power Is Trading Higher By Around 14%, Here Are 73 Stocks Moving In Wednesday's Mid-Day Session

10 Aug 22

Nortech Systems Q2 Sales $32.50M Up From $30.18M YoY

10 Aug 22

Press releases

From Benzinga Pro

Nortech Systems to Report Fiscal Second Quarter Financial Results and Hold Conference Call on August 10, 2022

19 Jul 22

Nortech Systems Incorporated (NASDAQ:NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and

Calendar

9 Aug 22

18 Aug 22

31 Dec 22

Financial summary

Financial statements Chart NSYS financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.18M	1.18M	1.18M	1.18M	1.18M	1.18M
Cash burn (monthly)	147.33K	6.5K	(no burn)	(no burn)	1.14M	87.25K
Cash used (since last report)	242.71K	10.71K	n/a	n/a	1.88M	143.73K
Cash remaining	932.29K	1.16M	n/a	n/a	-709.02K	1.03M
Runway (months of cash)	6.3	179.1	n/a	n/a	-0.6	11.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

NSYS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 May 22	David J. Graff	Common Stock	Grant	Acquire A	No	No	0	3,000	0	3,000
11 May 22	David J. Graff	Stock Options Common Stock	Grant	Acquire A	No	No	13.19	3,000	39.57K	3,000
12 Apr 22	David B Kunin	Common Stock	Buy	Acquire P	No	Yes	10	1	10	64,497
11 Apr 22	David B Kunin	Common Stock	Buy	Acquire P	No	Yes	10.023	585	5.86K	64,496
8 Apr 22	David B Kunin	Common Stock	Buy	Acquire P	No	Yes	10	296	2.96K	63,911
31 Mar 22	David B Kunin	Common Stock	Buy	Acquire P	No	Yes	10.1038	13	131.35	63,615
30 Mar 22	David B Kunin	Common Stock	Buy	Acquire P	No	No	10.13	1,587	16.08K	63,602
29 Mar 22	David B Kunin	Common Stock	Buy	Acquire P	No	No	10.17	1,587	16.14K	62,015
28 Mar 22	David B Kunin	Common Stock	Buy	Acquire P	No	No	9.9909	1,578	15.77K	60,428

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

NSYS institutional ownership history Ownership history

3.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	6	3	+100.0%
Opened positions	4	1	+300.0%
Closed positions	1	4	-75.0%
Increased positions	0	0
Reduced positions	2	1	+100.0%

13F shares	Current	Prev Q	Change
Total value	951K	1.02M	-6.5%
Total shares	90.8K	98.24K	-7.6%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Renaissance Technologies	64.16K	$672K	-6.7%
Chevy Chase Trust	24.34K	$255K	-17.4%
UBS UBS Group AG - Registered Shares	1.6K	$17K	NEW
CWM	671	$7K	NEW
Tower Research Capital	26	$0	NEW
WFC Wells Fargo & Co.	7	$0	NEW
Proequities	0	$0

Largest transactions	Shares	Bought/sold	Change
Chevy Chase Trust	24.34K	-5.14K	-17.4%
Renaissance Technologies	64.16K	-4.6K	-6.7%
UBS UBS Group AG - Registered Shares	1.6K	+1.6K	NEW
CWM	671	+671	NEW
Tower Research Capital	26	+26	NEW
WFC Wells Fargo & Co.	7	+7	NEW
BAC Bank Of America	0	-2	EXIT
Proequities	0	0

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Good

New words: asset, constant, driver, electronic, headcount

Removed: Additionally, discontinued, ease, ending, estate, hedging, impacted, LIBOR, limited, optional, real, reference, transitioning, valuation

From filing 10-Q 2022 Q2

Financial reports

View all