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.
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
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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
Augusta, US
750 Industrial Dr
Bemidji, US
4050 Norris Ct NW
Blue Earth, US
1930 W 1st St
Eden Prairie, US
7680 Executive Dr
Mankato, US
1950 Excel Dr
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Nortech Systems Financials and Metrics

Nortech Systems Financials

Nortech Systems's revenue was reported to be $112.33 m in FY, 2017
USD

Revenue (FY, 2017)

112.3 m

Gross profit (FY, 2017)

12.1 m

Gross profit margin (FY, 2017), %

10.8%

Net income (FY, 2017)

(2.4 m)

EBIT (FY, 2017)

(1.3 m)

Market capitalization (18-Apr-2018)

8.7 m

Cash (31-Dec-2017)

472.9 k

EV

9.2 m
Nortech Systems's current market capitalization is $8.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

111.1 m112 m115.2 m116.6 m112.3 m

Revenue growth, %

1%3%1%

Cost of goods sold

103.1 m102.8 m100.2 m

Gross profit

12.1 m13.8 m12.1 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

26.5 m26.8 m30.4 m29 m28.9 m29.7 m28.3 m30.1 m

Cost of goods sold

23.7 m24.4 m27.5 m25.6 m25.8 m25.9 m25.2 m26.8 m

Gross profit

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

Gross profit Margin, %

11%9%10%12%11%13%11%11%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

66.4 k887 268.2 k472.9 k

Accounts Receivable

16 m17.4 m18.4 m

Inventories

17.4 m18.5 m20.2 m20.7 m18.5 m

Current Assets

34.9 m37.7 m40.4 m39.5 m37.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

482.6 k336.2 k203.5 k47.5 k68.8 k12.2 k740.9 k13.5 k61.1 k205.5 k190.7 k

Accounts Receivable

16.4 m

Inventories

18.6 m18.8 m19.4 m20.4 m19.5 m20.6 m21.7 m21.6 m

Current Assets

36 m36.1 m36.2 m38.3 m38 m39.9 m42.1 m39.7 m41.3 m41.1 m40.3 m40.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

787.4 k880 k(571.4 k)43.8 k(2.4 m)

Depreciation and Amortization

2 m2 m2.2 m2.1 m2.2 m

Inventories

237.4 k(1.1 m)(1.7 m)(489.1 k)2 m

Accounts Payable

(1.1 m)1.1 m3.9 m817.2 k(2.1 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

546.2 k86.2 k332.9 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

1.5 m497.4 k999.2 k1.5 m516.7 k1.1 m1.6 m517.1 k1 m1.6 m

Inventories

(983.5 k)(1.4 m)(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

(650.8 k)640.2 k1.6 m1.4 m(168.2 k)2 m5.2 m(839.1 k)1.2 m1.9 m15.3 m
USDY, 2017

EV/EBIT

-7.3 x

EV/CFO

11.4 x

Revenue/Employee

166.9 k

Financial Leverage

2.6 x
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