← NORTECH SYSTEMS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $44k | ($2.4m) | $166k | ($1.2m) | ($1.5m) | $7.2m | $2.0m | $6.9m | ($1.3m) | ($252k) | — | |
| Amortization | $191k | $315k | $312k | $295k | $191k | $176k | $150k | $159k | $89k | $18k | $18k | |
| Amortization of Intangible Assets | $191k | $237k | $219k | $219k | $191k | $176k | $150k | $159k | $89k | $18k | — | |
| Depreciation | $2.1m | $2.2m | $1.9m | $1.9m | $2.0m | $1.8m | $1.8m | $1.9m | $1.6m | $1.3m | $1.3m | |
| Deferred Income Tax Expense (Benefit) | ($202k) | $440k | $1k | $20k | — | — | $0 | ($2.4m) | ($12k) | ($558k) | ($917k) | |
| Share-based Payment Arrangement, Noncash Expense | $994 | $43k | $126k | $145k | $68k | $111k | $334k | $423k | $461k | $503k | $511k | |
| Goodwill, Impairment Loss | — | $908k | $0 | — | $2.4m | $0 | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | $560k | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | — | — | — | — | $5.7m | ($411k) | ($487k) | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | ($1.1m) | ($578k) | $2.7m | ($1.4m) | ($3.0m) | ($1.1m) | $1.7m | $3.4m | ($4.4m) | $2.0m | ($4.6m) | |
| Increase (Decrease) in Inventories | $489k | ($2.0m) | $3.9m | — | $216k | $4.6m | $3.0m | ($716k) | $400k | ($485k) | ($2.6m) | |
| Increase (Decrease) in Accounts Payable | $817k | ($2.1m) | $6.0m | ($3.7m) | ($3.0m) | $1.5m | $2.2m | $483k | ($4.0m) | $1.3m | $4.7m | |
| Net Cash Provided by (Used in) Operating Activities | $3.5m |
$806k
-77.19%
|
$2.4m
+203.13%
|
$997k
-59.21%
|
$1.4m
+36.71%
|
($4.5m)
-433.09%
|
$5.4m
+218.99%
|
$1.8m
-67.25%
|
($2.2m)
-227.19%
|
$2.7m
+221.91%
|
$4.1m
+49.91%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.0m | $813k | $1.4m | $719k | $485k | $1.3m | $2.4m | $1.3m | $1.3m | $661k | ($621k) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $2k | ($355k) | — | $32k | $3.8m | $141k | $15k | $0 | ($23k) | — | ($23k) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($2k) | $355k | — | ($32k) | $3.8m | $141k | $15k | $0 | $23k | — | ($23k) | |
| Net Cash Provided by (Used in) Investing Activities | ($2.0m) | ($258k) | ($1.4m) | ($758k) | $5.5m | ($730k) | ($2.4m) | ($1.3m) | ($1.3m) | ($157k) | ($117k) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $1.5m | $5.9m | $1.0m | $856k | $2.7m | $1.1m | $0 | — | — | — | ($90.4m) | |
| Gain (Loss) on Extinguishment of Debt | — | ($175k) | — | — | — | $6.2m | $0 | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | $466k | $5.1m | — | — | $6.1m | $0 | — | — | $345k | — | $88.0m | |
| Payments for Repurchase of Common Stock | — | $30k | $276k | $130k | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $5k | — | — | $7k | $0 | $35k | $51k | $159k | $38k | $23k | — | |
| Net Cash Provided by (Used in) Financing Activities | ($1.4m) |
($39k)
+97.22%
|
($889k)
-2203.47%
|
($525k)
+40.94%
|
($4.0m)
-654.10%
|
$3.9m
+199.29%
|
($2.7m)
-167.85%
|
($1.3m)
+51.97%
|
$2.8m
+315.85%
|
($1.9m)
-167.52%
|
($3.0m)
-59.45%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $168k | ($287k) | $2.9m | ($1.3m) | $256k | ($806k) | ($759k) | $739k | $2.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $947k | $660k | $3.6m | $2.2m | $2.5m | $1.7m | $916k | — | $2.2m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $0 | ($53k) | ($10k) | ($11k) | $20k | $28k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $499k | $538k | $719k | $980k | $577k | $316k | $476k | $503k | $764k | $925k | — | |
| Income Taxes Paid, Net | $111k | $20k | $335k | $194k | $855k | ($114k) | $237k | $1.8m | $473k | $751k | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($82k) | ($192k) | ($170k) | $11k | $32k | $131k | $42k | $54k | $137k | $120k | — | |
| General and Administrative Expense | $8.3m | $8.1m | $8.4m | $9.6m | $8.0m | $10.0m | $11.4m | $12.4m | $11.7m | $10.8m | — | |
| Goodwill | $3.3m | $2.4m | $2.4m | $2.4m | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $35k | $375k | $326k | $409k | $310k | $859k | $1.5m | ($1.4m) | $356k | $263k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $744k | $964k | — | |
| Operating Expenses | $13.2m | $13.4m | $12.1m | $12.4m | $9.1m | $13.6m | $16.6m | $17.2m | $16.9m | $17.0m | — | |
| Proceeds from Stock Options Exercised | — | — | — | $7k | — | $35k | $51k | $159k | $38k | $23k | — |