$NSYS
NORTECH SYSTEMS INC

2011 Q4 Form 10-Q Financial Statement

#000110465911060909 Filed on November 04, 2011

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2010 Q3
Revenue $29.12M $28.32M $25.96M
YoY Change 6.16% 9.08% 39.2%
Cost Of Revenue $25.50M $25.03M $23.06M
YoY Change 3.49% 8.54% 35.41%
Gross Profit $3.620M $3.289M $2.890M
YoY Change 29.75% 13.8% 78.4%
Gross Profit Margin 12.43% 11.61% 11.13%
Selling, General & Admin $3.160M $2.869M $2.730M
YoY Change 27.42% 5.08% 12.81%
% of Gross Profit 87.29% 87.23% 94.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $480.0K $520.0K $420.0K
YoY Change 20.0% 23.81% -6.67%
% of Gross Profit 13.26% 15.81% 14.53%
Operating Expenses $3.160M $2.869M $2.727M
YoY Change 27.94% 5.2% 12.68%
Operating Profit $460.0K $420.1K $166.2K
YoY Change 43.75% 152.81% -120.77%
Interest Expense -$120.0K $130.2K $99.43K
YoY Change 20.0% 30.89% -166.29%
% of Operating Profit -26.09% 30.98% 59.83%
Other Income/Expense, Net $10.00K -$139.3K $54.13K
YoY Change -125.0% -357.3% -167.66%
Pretax Income $360.0K $280.9K $220.3K
YoY Change 227.27% 27.48% -115.97%
Income Tax $130.0K $98.00K $93.00K
% Of Pretax Income 36.11% 34.89% 42.21%
Net Earnings $230.0K $182.9K $127.3K
YoY Change 64.29% 43.63% -114.98%
Net Earnings / Revenue 0.79% 0.65% 0.49%
Basic Earnings Per Share
Diluted Earnings Per Share $83.94K $65.69K $47.45K
COMMON SHARES
Basic Shares Outstanding 2.743M shares 2.743M shares 2.743M shares
Diluted Shares Outstanding 2.743M shares 2.743M shares

Balance Sheet

Concept 2011 Q4 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Cash & Equivalents $0.00 $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $1.380M $1.390M $1.320M
YoY Change 15.97% 5.3% -21.89%
Inventory $19.03M $21.40M $18.35M
Prepaid Expenses $572.1K $761.4K
Receivables $16.72M $17.64M $14.82M
Other Receivables $170.0K $150.0K $320.0K
Total Short-Term Assets $37.30M $40.57M $34.82M
YoY Change 11.44% 16.52% 9.43%
LONG-TERM ASSETS
Property, Plant & Equipment $9.084M $8.834M $7.610M
YoY Change 26.91% 16.09% -13.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $339.2K $514.2K $430.0K
YoY Change -34.03% 19.59% -20.37%
Total Long-Term Assets $9.485M $9.448M $8.270M
YoY Change 17.2% 14.25% -14.48%
TOTAL ASSETS
Total Short-Term Assets $37.30M $40.57M $34.82M
Total Long-Term Assets $9.485M $9.448M $8.270M
Total Assets $46.78M $50.02M $43.09M
YoY Change 12.56% 16.08% 3.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.33M $13.72M $10.48M
YoY Change 5.64% 30.93% 43.56%
Accrued Expenses $3.020M $3.640M $4.170M
YoY Change -6.21% -12.71% 37.17%
Deferred Revenue
YoY Change
Short-Term Debt $9.350M $9.260M $6.260M
YoY Change 66.37% 47.92% -11.33%
Long-Term Debt Due $1.310M $2.127M $1.080M
YoY Change 55.65% 96.98% 4.85%
Total Short-Term Liabilities $25.01M $28.76M $21.99M
YoY Change 22.59% 30.76% 19.38%
LONG-TERM LIABILITIES
Long-Term Debt $812.9K $836.7K $1.830M
YoY Change -53.05% -54.28% -55.15%
Other Long-Term Liabilities $180.4K $160.8K $130.0K
YoY Change 31.44% 23.66% -18.75%
Total Long-Term Liabilities $1.264M $997.4K $1.960M
YoY Change -32.34% -49.11% -53.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.01M $28.76M $21.99M
Total Long-Term Liabilities $1.264M $997.4K $1.960M
Total Liabilities $26.28M $29.75M $23.95M
YoY Change 17.98% 24.23% 5.65%
SHAREHOLDERS EQUITY
Retained Earnings $4.566M $4.331M
YoY Change 35.25%
Common Stock $27.43K $27.43K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.51M $20.27M $19.13M
YoY Change
Total Liabilities & Shareholders Equity $46.78M $50.02M $43.09M
YoY Change 12.56% 16.08% 3.86%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $230.0K $182.9K $127.3K
YoY Change 64.29% 43.63% -114.98%
Depreciation, Depletion And Amortization $480.0K $520.0K $420.0K
YoY Change 20.0% 23.81% -6.67%
Cash From Operating Activities $1.340M $2.460M $1.250M
YoY Change 6.35% 96.8% -245.35%
INVESTING ACTIVITIES
Capital Expenditures -$710.0K -$200.0K -$220.0K
YoY Change 294.44% -9.09% -18.52%
Acquisitions
YoY Change
Other Investing Activities -$360.0K $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.070M -$200.0K -$210.0K
YoY Change 494.44% -4.76% -4.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -260.0K -3.670M -1.770M
YoY Change -69.41% 107.34% -476.6%
NET CHANGE
Cash From Operating Activities 1.340M 2.460M 1.250M
Cash From Investing Activities -1.070M -200.0K -210.0K
Cash From Financing Activities -260.0K -3.670M -1.770M
Net Change In Cash 10.00K -1.410M -730.0K
YoY Change -95.65% 93.15% 19.67%
FREE CASH FLOW
Cash From Operating Activities $1.340M $2.460M $1.250M
Capital Expenditures -$710.0K -$200.0K -$220.0K
Free Cash Flow $2.050M $2.660M $1.470M
YoY Change 42.36% 80.95% -349.15%

Facts In Submission

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GainLossOnSaleOfPropertyPlantEquipment
-901 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
268000 USD
nsys Interest On Swap Valuation
InterestOnSwapValuation
19492 USD
us-gaap Share Based Compensation
ShareBasedCompensation
23796 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
106248 USD
us-gaap Depreciation
Depreciation
1181745 USD
us-gaap Interest Paid Net
InterestPaidNet
386612 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
0 USD

Files In Submission

Name View Source Status
0001104659-11-060909-index-headers.html Edgar Link pending
0001104659-11-060909-index.html Edgar Link pending
0001104659-11-060909.txt Edgar Link pending
0001104659-11-060909-xbrl.zip Edgar Link pending
a11-25738_110q.htm Edgar Link pending
a11-25738_1ex31d1.htm Edgar Link pending
a11-25738_1ex31d2.htm Edgar Link pending
a11-25738_1ex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
nsys-20110930.xml Edgar Link completed
nsys-20110930.xsd Edgar Link pending
nsys-20110930_cal.xml Edgar Link unprocessable
nsys-20110930_def.xml Edgar Link unprocessable
nsys-20110930_lab.xml Edgar Link unprocessable
nsys-20110930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending