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NSYS Nortech Systems, Inc.

Nortech Systems, Inc. operates as an electronic manufacturing services company. The firm offers a full range of value-added engineering, technical and manufacturing services and support including project management, designing, testing, prototyping, manufacturing, supply chain management and post-market services. Its manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electromechanical assemblies. The firm operations fall under the Contract Manufacturing segment. It serves the Aerospace & Defense, Industrial & Commercial and Medical markets. The company was founded in December 1990 and is headquartered in Maple Grove, MN.

Company profile

Ticker
NSYS
Exchange
NASDAQ
Website
www.nortechsys.com
CEO
Jay Dean Miller
Employees
Incorporated in
Minnesota
Location
Minnesota
Fiscal year end
Dec 31
Sector
Electronic Technology > Electronic Components
Industry (SEC)
Electronic Components, NEC
Advanced Energy Industries • Varex Imaging • Vicor • Impinj • MicroVision • Espey MFG & Electronics • Bonso Electronics International • LGL • Inrad Optics • DPW ...
SEC CIK
0000722313
Corporate docs
IRS number
411681094

NSYS stock data

(
)

Calendar

13 May 20
7 Jul 20
31 Dec 20

News

Company financial data Financial data

Chart NSYS financial data
Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 27.44M 30.82M 30.06M 27.29M
Net income 137K 274K 413K -1.55M
Diluted EPS 0.05 0.1 0.16 -0.58
Net profit margin 0.50% 0.89% 1.37% -5.69%
Operating income 391K 824K 713K -1.21M
Net change in cash 623K 191K -239K 89K
Cash on hand 974K 351K 160K 399K
Cost of revenue 24.44M 27.16M 26.42M 24.97M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 116.33M 113.37M 112.33M 116.62M
Net income -1.23M 166K -2.45M 43.77K
Diluted EPS -0.46 0.06 -0.89 0.02
Net profit margin -1.06% 0.15% -2.18% 0.04%
Operating income 224K 1.25M -1.27M 629.06K
Net change in cash -129K 7K 204.8K 267.32K
Cash on hand 351K 480K 473K 268.2K
Cost of revenue 103.76M 100.06M 100.22M 102.78M

Financial data from company earnings reports

Recent insider trades

NSYS insider ownership history Insider history
Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
18 Mar 20 Grange Heidi B Stock Options Common Stock Grant Aquire A No 2.95 3,300 9.74K 3,300
9 Sep 19 Grange Heidi B Stock Options Common Stock Grant Aquire A No 3 16,700 50.1K 16,700
8 May 19 David B Kunin Common Stock Buy Aquire P Yes 4 510 2.04K 36,939
7 May 19 David B Kunin Common Stock Buy Aquire P Yes 4 1,281 5.12K 36,429
6 May 19 David B Kunin Common Stock Buy Aquire P Yes 4 1,318 5.27K 35,148
2 May 19 David B Kunin Common Stock Buy Aquire P Yes 3.95 100 395 33,830
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

NSYS institutional ownership history Ownership history
2.1% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 6 5 +20.0%
Opened positions 2 1 +100.0%
Closed positions 1 2 -50.0%
Increased positions 1 1 –
Reduced positions 0 1 EXIT
13F shares
 Current Prev Q Change
Total value 193K 226K -14.6%
Total shares 56.43K 46.32K +21.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners
 Shares Value Change
Renaissance Technologies 53.54K $183K +20.4%
BAC Bank of America 1.4K $5K 0.0%
UBS UBS 1.29K $4K NEW
MS Morgan Stanley 200 $1K 0.0%
WFC Wells Fargo & Company 7 $0 NEW
Proequities 0 $0
Largest transactions
 Shares Bought/sold Change
Renaissance Technologies 53.54K +9.08K +20.4%
UBS UBS 1.29K +1.29K NEW
DB Deutsche Bank 0 -260 EXIT
WFC Wells Fargo & Company 7 +7 NEW
BAC Bank of America 1.4K 0 0.0%
Proequities 0 0
MS Morgan Stanley 200 0 0.0%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: Aid, announced, assembly, biomedical, CECL, commercial, complex, concept, deferred, Department, development, electrical, electromechanical, entity, epidemic, family, FASB, FDA, filing, final, forgiven, government, headcount, instrument, interconnect, Kunin, leading, life, loan, mechanical, model, pandemic, Paycheck, permitted, PPP, Protection, public, questioned, reinsurance, Relief, repaid, reputational, return, SBA, secretary, Small, software, span, SUBSEQUENT, Subsequently, Treasury, twelve, vertically
Removed: accompanied, acquisition, added, adjusted, anticipate, August, book, box, calendar, classification, commencing, component, convey, covenant, decline, deducted, Devicix, direct, earlier, Eden, expedient, forecast, fully, higher, hindsight, holder, identification, implementation, inaccurate, initial, intend, involve, January, July, largely, lessor, limitation, manufacturer, meet, minimum, modified, open, package, paid, par, potential, practical, Prairie, preceding, predict, project, prototyping, prove, quality, range, redemption, regulatory, renewed, Rent, repurchased, retrospective, seller, similar, standard, subordinated, support, technical, terminated, Topic, ultimately, unchanged, wide
From filing 10-Q 2020 Q1

Financial reports

View all
10-Q
2020 Q1
Quarterly report
13 May 20
10-K
2019 FY
Annual report
19 Mar 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
14 Aug 19
10-Q
2019 Q1
Quarterly report
15 May 19
10-K
2018 FY
Annual report
1 Apr 19
10-Q
2018 Q3
Quarterly report
14 Nov 18
10-Q
2018 Q2
Quarterly report
14 Aug 18
10-Q
2018 Q1
Quarterly report
11 May 18
10-K
2017 FY
Annual report
27 Mar 18

Current reports

View all
8-K
Nortech Systems Reports First Quarter 2020 Results
19 May 20
8-K
Entry into a Material Definitive Agreement
21 Apr 20
8-K
Nortech Systems Reports 2019 Results
23 Mar 20
8-K
Departure of Directors or Certain Officers
18 Sep 19
8-K
Departure of Directors or Certain Officers
11 Sep 19
8-K
Results of Operations and Financial Condition
17 May 19
8-K
Submission of Matters to a Vote of Security Holders
13 May 19
8-K
Results of Operations and Financial Condition
2 Apr 19
8-K
Departure of Directors or Certain Officers
1 Mar 19
8-K
Departure of Directors or Certain Officers
20 Feb 19

Registration and prospectus

S-8
Registration of securities for employees
20 Mar 20
S-8
Registration of securities for employees
27 Mar 18
S-8
Registration of securities for employees
31 Aug 07
S-3
Shelf registration
29 Aug 02
S-1/A
IPO registration (amended)
16 Jul 96

Proxies

View all
DEF 14A
Definitive proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
3 Apr 19
DEF 14A
Definitive proxy
1 Apr 19
DEF 14A
Definitive proxy
29 Mar 18
DEF 14A
Definitive proxy
22 Mar 17
DEF 14A
Definitive proxy
30 Mar 16
DEF 14A
Definitive proxy
24 Mar 15
DEF 14A
Definitive proxy
14 Apr 14
DEF 14A
Definitive proxy
28 Mar 13
DEF 14A
Definitive proxy
28 Mar 12

Other

View all
SD
Conflict minerals disclosure
21 May 20
SD
Conflict minerals disclosure
29 May 19
SD
Conflict minerals disclosure
18 May 18
SD
Conflict minerals disclosure
31 May 17
SD
Conflict minerals disclosure
31 May 16
SD
Conflict minerals disclosure
1 Jun 15
SD
Conflict minerals disclosure
2 Jun 14
UPLOAD
Letter from SEC
14 May 08
UPLOAD
Letter from SEC
13 May 08
CORRESP
Correspondence with SEC
1 May 08

Ownership

View all
4
NORTECH SYSTEMS / Heidi B Grange ownership change
19 Mar 20
4
NORTECH SYSTEMS / Heidi B Grange ownership change
11 Sep 19
3
NORTECH SYSTEMS / Heidi B Grange ownership change
11 Sep 19
SC 13D/A
Nortech Systems Inc
22 Aug 19
4
NORTECH SYSTEMS / DAVID B KUNIN ownership change
8 May 19
4
NORTECH SYSTEMS / DAVID B KUNIN ownership change
6 May 19
4
NORTECH SYSTEMS / JAY D MILLER ownership change
1 Mar 19
4
NORTECH SYSTEMS / John Lindeen ownership change
4 Jan 19
3
NORTECH SYSTEMS / John Lindeen ownership change
4 Jan 19
4
NORTECH SYSTEMS / JAY D MILLER ownership change
3 Jan 19

Patents

APP
Utility
Adjustable, Inline Packaging Machine for Filling and Sealing Pouches and Method of Using Same
30 Apr 20
An inline packaging machine for automatically accommodating and filling different sized containers, such as pouches, to reduce changeover time and thereby improve operating efficiency of the machine.