Nortech Systems

Nortech Systems, Inc., is a full-service electronics manufacturing services provider of wire and cable assemblies, printed circuit board assemblies and diagnostic repair and integration services including, higher-level assemblies and box builds for a wide range of industries. Markets served include medical, automotive, aerospace, computer peripheral, commercial, telecom, government and consumer. Nortech Systems has a range of specialized, high-tech facilities used for customized design, manufacture, testing and repair of its solutions.
Company Growth (employees)
Type
Public
HQ
Maple Grove, US
Founded
1981
Size (employees)
673 (est)
Nortech Systems was founded in 1981 and is headquartered in Maple Grove, US

Nortech Systems Office Locations

Nortech Systems has offices in Maple Grove, Augusta, Bemidji, Blue Earth and in 5 other locations
Maple Grove, US (HQ)
150 7550 Meridian Cir N
Eden Prairie, US
7680 Executive Dr
Ciudad Apodaca, MX
Avenida “E” 541 Parque Industrial Martel
Milaca, US
925 Enterprise Ave
Merrifield, US
12136 Crystal Lake Rd
Mankato, US
1950 Excel Dr

Nortech Systems Data and Metrics

Nortech Systems Financial Metrics

Nortech Systems's revenue was reported to be $28.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

28.3 m

Gross profit (Q1, 2017)

3.1 m

Gross profit margin (Q1, 2017), %

11%

Net income (Q1, 2017)

(14.7 k)

EBIT (Q1, 2017)

120.4 k

Market capitalization (10-Aug-2017)

9.7 m

Cash (31-Mar-2017)

205.5 k
Nortech Systems's current market capitalization is $9.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

111.1 m112 m115.2 m116.6 m

Revenue growth, %

1%3%1%

Cost of goods sold

103.1 m102.8 m

Gross profit

13.1 m13.3 m12.1 m13.8 m

Gross profit Margin, %

12%12%10%12%

Sales and marketing expense

4.9 m

General and administrative expense

8.3 m

Operating expense total

11.7 m12 m12.5 m13.2 m

EBIT

1.5 m1.3 m(422 k)629.1 k

EBIT margin, %

1%1%(0%)1%

Interest expense

465.4 k550.3 k

Pre tax profit

(887.4 k)78.8 k

Income tax expense

(316 k)35 k

Net Income

787.4 k880 k(571.4 k)43.8 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

26.5 m26.8 m30.4 m29 m28.9 m29.7 m28.3 m

Cost of goods sold

23.7 m24.4 m27.5 m25.6 m25.8 m25.9 m25.2 m

Gross profit

2.9 m2.4 m2.9 m3.4 m3.1 m3.8 m3.1 m

Gross profit Margin, %

11%9%10%12%11%13%11%

Sales and marketing expense

1.4 m1.3 m1.2 m1.3 m1.3 m1.1 m1.2 m

General and administrative expense

1.7 m1.6 m1.6 m1.9 m1.9 m2.5 m2.1 m

Operating expense total

3.1 m2.9 m2.9 m3.2 m3.2 m3.6 m3.3 m

EBIT

(201.6 k)(483.4 k)22.5 k220.9 k(109.9 k)189.8 k120.4 k

EBIT margin, %

(1%)(2%)0%1%(0%)1%0%

Interest expense

(95.2 k)(112 k)(134 k)(132 k)(139.2 k)(139.5 k)(139.5 k)

Pre tax profit

(296.8 k)(595.4 k)(199.6 k)88.9 k(249.2 k)(19.1 k)

Income tax expense

(104 k)(217 k)(76 k)26 k(69 k)(13 k)(4.4 k)

Net Income

332.9 k665.6 k(192.8 k)(571.1 k)(694.8 k)62.9 k(117.3 k)(54 k)(14.7 k)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

66.4 k887268.2 k

Accounts Receivable

16 m17.4 m18.4 m

Inventories

17.4 m18.5 m20.2 m20.7 m

Current Assets

34.9 m37.7 m40.4 m39.5 m

PP&E

11 m10.9 m10.5 m10.3 m

Goodwill

3.3 m3.3 m

Total Assets

46.1 m48.7 m56.6 m55.5 m

Accounts Payable

8.2 m9 m13 m13.8 m

Total Debt

7.3 m

Current Liabilities

19.4 m13.4 m19.7 m20.3 m

Non-Current Liabilities

4.8 m12.5 m14.6 m12.9 m

Total Liabilities

24.1 m25.9 m34.3 m33.2 m

Additional Paid-in Capital

15.7 m15.8 m15.8 m15.7 m

Retained Earnings

6 m6.9 m6.3 m6.3 m

Total Equity

21.9 m22.8 m22.3 m22.3 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.1 x

Financial Leverage

2.1 x2.1 x2.5 x2.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

203.5 k47.5 k68.8 k12.2 k740.9 k13.5 k61.1 k205.5 k

Accounts Receivable

16.4 m

Inventories

19.4 m20.4 m19.5 m20.6 m21.7 m

Current Assets

36.2 m38.3 m38 m39.9 m42.1 m39.7 m41.3 m41.1 m40.3 m

PP&E

10.9 m11 m11.3 m11 m10.8 m10.8 m10.8 m10.6 m9.7 m

Goodwill

3.3 m3.3 m3.3 m3.3 m3.3 m

Total Assets

47.2 m49.4 m49.4 m51.1 m58.3 m56.2 m57.7 m57.2 m55.8 m

Accounts Payable

9.5 m9.3 m8.8 m11 m14.3 m12.2 m14.2 m14.9 m15.3 m

Current Liabilities

13.2 m14.3 m13.3 m15.2 m22 m19 m20.7 m20.7 m20.8 m

Non-Current Liabilities

11.7 m12.5 m13.4 m13.6 m14.1 m14.8 m14.9 m14.3 m12.7 m

Additional Paid-in Capital

15.8 m15.8 m15.8 m15.8 m15.8 m15.8 m15.7 m15.7 m15.7 m

Retained Earnings

6.3 m6.6 m6.7 m6.3 m6.2 m6.4 m6.2 m6.2 m6.3 m

Total Equity

22.3 m22.6 m22.6 m22.3 m22.1 m22.3 m22.1 m22.2 m22.3 m

Financial Leverage

2.1 x2.2 x2.2 x2.3 x2.6 x2.5 x2.6 x2.6 x2.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

787.4 k880 k(571.4 k)43.8 k

Depreciation and Amortization

2 m2 m2.2 m2.1 m

Accounts Receivable

(2.4 m)(1.3 m)(864.1 k)1.1 m

Inventories

237.4 k(1.1 m)(1.7 m)(489.1 k)

Accounts Payable

(1.1 m)1.1 m3.9 m817.2 k

Cash From Operating Activities

275.9 k1.6 m3.4 m3.5 m

Purchases of PP&E

(1.2 m)(2.2 m)(1.7 m)(2 m)

Cash From Investing Activities

(1.1 m)(2.2 m)(3.7 m)(2 m)

Long-term Borrowings

(613.9 k)(666.7 k)(1 m)(1.5 m)

Cash From Financing Activities

871.6 k672.5 k208.1 k

Interest Paid

366.3 k359.7 k442.3 k499.1 k

Income Taxes Paid

187.3 k417.6 k417.6 k110.6 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

332.9 k665.6 k(192.8 k)(571.1 k)(694.8 k)62.9 k(117.3 k)(54 k)(14.7 k)

Depreciation and Amortization

999.2 k1.5 m516.7 k1.1 m1.6 m517.1 k1 m1.6 m

Accounts Receivable

869.6 k424.8 k957.5 k710.8 k(1.6 m)2.2 m329.8 k743.1 k

Inventories

(2 m)(3 m)(988.8 k)(2.1 m)(1.7 m)(1.1 m)(1.3 m)(1.6 m)21.7 m

Accounts Payable

1.6 m1.4 m(168.2 k)2 m5.2 m(839.1 k)1.2 m1.9 m15.3 m

Cash From Operating Activities

1.3 m1.4 m(239.6 k)(136.8 k)3.9 m1.3 m1.1 m1.9 m

Purchases of PP&E

(1.1 m)(1.8 m)(907.3 k)(1.2 m)(1.5 m)(785.2 k)(1.4 m)(1.7 m)

Cash From Investing Activities

(1.1 m)(1.8 m)(907.3 k)(1.2 m)(3.4 m)(1.4 m)(1.7 m)

Long-term Borrowings

(361.2 k)(507 k)(163.2 k)(427.8 k)(755.2 k)(322.5 k)(734.6 k)(1.1 m)

Cash From Financing Activities

(199.8 k)599.1 k1.1 m1.4 m(535.4 k)209.4 k343.8 k(154 k)

Interest Paid

182 k268.4 k92.3 k200.6 k320.4 k127.7 k260.6 k394.3 k

Income Taxes Paid

237.6 k417.6 k100237.6 k417.6 k
USDY, 2017

Revenue/Employee

42.1 k

Financial Leverage

2.5 x

Nortech Systems Market Value History

Traffic Overview of Nortech Systems

Nortech Systems Online and Social Media Presence

Nortech Systems News and Updates

BRIEF-Kyle Packer sent letter to Nortech Systems' board

* On June 28, 2016, sent letter to nortech systems' board - sec filing

Nortech Systems Company Life and Culture

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