Company Quick10K Filing
Nortech Systems
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 2,676 $7,976
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
10-Q 2019-05-15 Quarter: 2019-03-31
10-K 2019-04-01 Annual: 2018-12-31
10-Q 2018-11-14 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
10-Q 2018-05-11 Quarter: 2018-03-31
10-K 2018-03-27 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-11 Quarter: 2017-03-31
10-K 2017-03-08 Annual: 2016-12-31
10-Q 2016-11-02 Quarter: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-04 Quarter: 2016-03-31
10-K 2016-03-22 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-06 Quarter: 2015-03-31
10-K 2015-03-11 Annual: 2014-12-31
10-Q 2014-11-05 Quarter: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-03-07 Annual: 2013-12-31
10-Q 2013-11-14 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-08 Annual: 2012-12-31
10-Q 2012-11-14 Quarter: 2012-09-30
10-Q 2012-08-10 Quarter: 2012-06-30
10-Q 2012-05-11 Quarter: 2012-03-31
10-K 2012-03-09 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-13 Quarter: 2011-03-31
10-K 2011-03-11 Annual: 2010-12-31
10-Q 2010-11-12 Quarter: 2010-09-30
10-Q 2010-08-12 Quarter: 2010-06-30
10-Q 2010-05-14 Quarter: 2010-03-31
10-K 2010-03-15 Annual: 2009-12-31
8-K 2019-09-17 Officers, Exhibits
8-K 2019-09-09 Officers, Exhibits
8-K 2019-05-17 Earnings, Exhibits
8-K 2019-05-10 Shareholder Vote
8-K 2019-04-02 Earnings, Exhibits
8-K 2019-02-27 Officers
8-K 2019-02-19 Officers, Exhibits
8-K 2018-12-19 Officers, Exhibits
8-K 2018-11-14 Earnings, Exhibits
8-K 2018-10-05 Officers, Exhibits
8-K 2018-08-15 Earnings, Officers, Exhibits
8-K 2018-05-09 Earnings, Shareholder Vote, Exhibits
8-K 2018-04-16 Officers
8-K 2018-03-27 Earnings, Exhibits
8-K 2018-02-21 Enter Agreement, Exhibits
8-K 2018-01-08 Officers, Exhibits
8-K 2017-12-29 Enter Agreement, Officers, Exhibits

Nortech Systems Financials

NSYS Metrics, Comps, Filings

Annual | Quarterly

Business

Nortech Systems, Inc., ("the Company", "we", "our") organized in December 1990, is an Electronic Manufacturing Services ("EMS") company headquartered in Maple Grove, Minnesota, a suburb of Minneapolis, Minnesota. We maintain facilities and operations in Minnesota in the United States; Monterrey, Mexico; and Suzhou, China. We offer 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. Our manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher level electromechanical assemblies. The majority of our revenue is derived from products built to the customer's design specifications.

Our breadth of manufacturing, technical expertise and experience make us attractive to our broad customer base. Our customers are original equipment manufacturers ("OEMs") in the Aerospace and Defense, Medical and Industrial markets. The diversity in the markets we serve is an advantage in dealing with the effects of fluctuations from the economy and competition. In the design phase, we provide technical support, subject matter expertise in design for manufacturing and testing capabilities that allow our customer programs to get to production faster while meeting both their quality and cost requirements. Our customers rely on our experience and capabilities in manufacturing and supply chain to manage and reduce cost over the life cycle of their products. This requires a strong relationship with our customers based on a trusting partnership as we perform as an extension of their operations.

All of our facilities are certified to one or more of the industry standards, including International Standards Organization ("ISO") 9001, ISO 13485, and Aerospace Systems ("AS") 9100, with most having additional certifications based on the needs of the customers they serve. In addition to industry standard certifications we actively manage quality metrics throughout product life-cycle at all levels of the organization to provide real-time, pro-active support to our customers and their projects. Process validation is performed through the strict phases of installation qualification, operation qualification and performance qualification.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Trimble (TRMB) 11,115,040 72% 28.7 5% 5,876,100 3,050,800 2,451,600 1,761,000 317,200 441,200 12,658,340
Zebra Technologies (ZBRA) 10,931,926 47% 15.1 10% 4,701,000 3,142,000 4,392,000 2,065,000 481,000 838,000 12,628,926
Lennox (LII) 10,781,422 28% 20.5 16% 2,340,400 2,557,900 3,763,200 1,060,100 363,600 581,600 11,900,822
Teledyne Technologies (TDY) 10,010,110 39% 19.2 9% 4,200,200 1,727,200 3,000,900 1,167,600 361,300 556,200 10,694,710
Snap-On (SNA) 9,187,576 0% 9.4 13% 5,545,400 2,236,700 3,970,100 0 713,700 1,059,000 9,971,476
Nordson (NDSN) 8,488,900 54% 18.0 9% 3,491,538 1,944,650 2,178,070 1,180,866 321,120 539,943 9,712,695
Cognex (CGNX) 8,102,372 74% 32.6 15% 1,349,920 158,280 798,038 589,102 207,707 245,940 8,013,268
Nortech Systems (NSYS) 7,975,818 10% 6,896.7 -3% 65,329 46,082 113,842 11,752 -1,747 1,157 7,979,454
Sensata Technologies (ST) 7,947,735 35% 13.9 8% 6,852,117 4,235,054 3,475,699 1,217,761 561,718 753,470 10,452,698
Middleby (MIDD) 7,407,233 37% 15.0 7% 4,886,669 3,088,418 2,917,809 1,085,539 328,967 619,434 9,320,969
Woodward (WWD) 7,266,042 19% 14.6 7% 4,015,603 2,311,292 2,883,019 542,129 267,321 562,236 8,216,477
Gardner Denver Holdings (GDI) 7,081,710 38% 20.1 6% 4,594,300 2,809,000 2,651,400 996,300 258,700 417,700 8,395,710
Pentair (PNR) 6,254,386 35% 15.3 9% 4,170,000 2,363,400 2,940,300 1,034,100 368,600 484,800 7,399,586
Owens Corning (OC) 6,254,208 23% 7.5 5% 10,183,000 5,778,000 7,127,000 1,624,000 515,000 1,275,000 9,564,208
AGCO (AGCO) 6,017,805 22% 9.0 4% 8,415,100 5,286,400 9,225,300 2,033,000 376,300 788,600 7,116,205
Watsco (WSO) 5,567,491 25% 15.4 11% 2,632,434 1,276,839 4,590,465 1,130,397 288,193 381,458 5,862,524
Curtiss Wright (CW) 5,277,750 36% 11.5 9% 3,426,640 1,774,344 2,461,325 890,487 292,983 507,365 5,853,059
Lincoln Electric (LECO) 5,159,136 34% 11.6 13% 2,394,333 2,119,286 3,017,108 1,030,153 315,155 487,554 5,679,733
BWX Technologies (BWXT) 4,876,511 28% 16.2 12% 1,756,480 1,462,350 1,792,536 500,575 208,122 351,190 5,690,677
Nvent Electric (NVT) 4,279,372 39% 14.5 6% 4,464,800 1,927,000 2,209,500 869,900 252,500 366,100 5,315,572

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash661268473947
Accounts Receivable16,72013,60816,03117,36818,43217,32117,41720,093
Inventory19,03017,66517,42718,52820,18520,65418,52717,004
PP&E9,08411,56611,03710,88910,50810,33110,17610,178
Assets46,78244,51546,07548,68656,56555,51752,08559,960
Accounts Payable11,3339,0528,1859,00813,04113,82611,69918,142
Long-Term Debt2,1233,3191,3334,8057,4506,5855,3564,404
Liabilities26,27623,38024,14025,85834,29333,20232,26038,870
Stockholders' Equity20,50621,13521,93522,82822,27222,31519,82621,090
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue114,236106,937111,058112,042115,192116,622112,335113,370
Cost of Revenue100,89394,54397,94298,708103,133102,781100,217100,059
Gross Profit13,34412,39413,11613,33312,05913,84012,11813,311
R&D
SG&A11,83210,93411,66112,00512,48113,21112,83412,062
Tax561298300418-31611120326
Net Income1,190629787880-57144-2,446166
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-8744,6222761,5813,3953,5348062,444
Cash Investing-2,674-4,396-1,148-2,187-3,669-1,953-258-1,390
Cash Financing3,318-226872672208-1,390-39-889