$NSYS
NORTECH SYSTEMS INC

2022 Q4 Form 10-Q Financial Statement

#000143774922026561 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $35.62M $35.28M $33.46M
YoY Change 6.44% 19.77% 40.36%
Cost Of Revenue $30.51M $28.95M $30.79M
YoY Change -0.88% 35.2% 36.94%
Gross Profit $5.104M $6.328M $2.677M
YoY Change 90.66% -21.3% 96.84%
Gross Profit Margin 14.33% 17.94% 8.0%
Selling, General & Admin $4.046M $3.908M $3.375M
YoY Change 19.88% 56.7% 22.73%
% of Gross Profit 79.27% 61.76% 126.07%
Research & Development $309.0K $475.0K $135.0K
YoY Change 128.89% 236.88%
% of Gross Profit 6.05% 7.51% 5.04%
Depreciation & Amortization $478.0K $473.0K $444.0K
YoY Change 7.66% -12.24% -9.39%
% of Gross Profit 9.37% 7.47% 16.59%
Operating Expenses $4.355M $4.383M $3.510M
YoY Change 24.07% 40.26% 27.64%
Operating Profit $749.0K $1.945M -$833.0K
YoY Change -189.92% -60.44% -40.07%
Interest Expense -$74.00K $122.0K -$116.0K
YoY Change -36.21% 8.93% 28.89%
% of Operating Profit -9.88% 6.27%
Other Income/Expense, Net
YoY Change
Pretax Income $675.0K $1.823M $5.179M
YoY Change -86.97% -62.05% -234.17%
Income Tax $1.056M $289.0K $213.0K
% Of Pretax Income 156.44% 15.85% 4.11%
Net Earnings -$381.0K $1.534M $4.966M
YoY Change -107.67% -56.87% -240.68%
Net Earnings / Revenue -1.07% 4.35% 14.84%
Basic Earnings Per Share $0.57
Diluted Earnings Per Share -$0.13 $0.53 $1.733M
COMMON SHARES
Basic Shares Outstanding 2.691M 2.687M 2.672M
Diluted Shares Outstanding 2.900M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.027M $1.300M $643.0K
YoY Change 59.72% 192.79% 83.71%
Cash & Equivalents $1.027M $1.300M $643.0K
Short-Term Investments
Other Short-Term Assets $2.788M $2.643M $3.242M
YoY Change -14.0% -4.31% -38.13%
Inventory $22.44M $23.61M $19.43M
Prepaid Expenses
Receivables $15.98M $15.50M $14.55M
Other Receivables $2.650M $5.209M $5.209M
Total Short-Term Assets $54.86M $58.15M $51.77M
YoY Change 5.96% 13.71% 26.16%
LONG-TERM ASSETS
Property, Plant & Equipment $6.408M $6.457M $5.833M
YoY Change 9.86% 11.27% -9.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $14.68M $14.97M $15.32M
YoY Change -4.16% -2.67% -7.71%
TOTAL ASSETS
Total Short-Term Assets $54.86M $58.15M $51.77M
Total Long-Term Assets $14.68M $14.97M $15.32M
Total Assets $69.54M $73.11M $67.09M
YoY Change 3.65% 9.92% 16.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.79M $14.70M $12.71M
YoY Change 16.38% 3.97% 13.09%
Accrued Expenses $11.22M $7.609M $8.995M
YoY Change 24.69% -13.07% 39.89%
Deferred Revenue $3.515M $3.870M $2.936M
YoY Change 19.72%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $390.0K $390.0K $0.00
YoY Change -87.8% -100.0%
Total Short-Term Liabilities $26.40M $26.57M $22.31M
YoY Change 18.34% -19.19% 14.18%
LONG-TERM LIABILITIES
Long-Term Debt $7.418M $10.47M $9.875M
YoY Change -24.88% 179.36% 68.37%
Other Long-Term Liabilities $95.00K $99.00K $104.0K
YoY Change -8.65% -6.6% -28.77%
Total Long-Term Liabilities $15.06M $18.36M $18.67M
YoY Change -19.34% 45.77% -3.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.40M $26.57M $22.31M
Total Long-Term Liabilities $15.06M $18.36M $18.67M
Total Liabilities $41.46M $44.93M $40.98M
YoY Change 1.17% -1.2% 5.3%
SHAREHOLDERS EQUITY
Retained Earnings $11.83M $12.21M $9.816M
YoY Change 20.48% 151.69% 268.75%
Common Stock $27.00K $27.00K $27.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.08M $28.18M $26.11M
YoY Change
Total Liabilities & Shareholders Equity $69.54M $73.11M $67.09M
YoY Change 3.65% 9.92% 16.41%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$381.0K $1.534M $4.966M
YoY Change -107.67% -56.87% -240.68%
Depreciation, Depletion And Amortization $478.0K $473.0K $444.0K
YoY Change 7.66% -12.24% -9.39%
Cash From Operating Activities $4.402M $2.940M -$1.688M
YoY Change -360.78% 13.91% -215.62%
INVESTING ACTIVITIES
Capital Expenditures $711.0K -$507.0K -$109.0K
YoY Change -752.29% -0.78% 9.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$711.0K -$507.0K -$109.0K
YoY Change 552.29% -2514.29% 9.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.249M -1.516M 2.579M
YoY Change -225.98% -37.15% 415.8%
NET CHANGE
Cash From Operating Activities 4.402M 2.940M -1.688M
Cash From Investing Activities -711.0K -507.0K -109.0K
Cash From Financing Activities -3.249M -1.516M 2.579M
Net Change In Cash 442.0K 917.0K 782.0K
YoY Change -43.48% 382.63% -57.96%
FREE CASH FLOW
Cash From Operating Activities $4.402M $2.940M -$1.688M
Capital Expenditures $711.0K -$507.0K -$109.0K
Free Cash Flow $3.691M $3.447M -$1.579M
YoY Change -333.76% 11.48% -201.22%

Facts In Submission

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dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
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dei City Area Code
CityAreaCode
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dei Local Phone Number
LocalPhoneNumber
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dei Entity Central Index Key
EntityCentralIndexKey
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dei Amendment Flag
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Year Focus
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dei Document Type
DocumentType
10-Q
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dei Entity Registrant Name
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NORTECH SYSTEMS INCORPORATED
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MN
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IncreaseDecreaseInInventories
4402000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5755000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1188000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2246000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
213000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
276000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
67000 usd
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-708000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1659000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2901000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1071000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1537000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1330000 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
464000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2852000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
626000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
43000 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
49000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1687000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1198000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1715000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-621000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
857000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
2681000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
-0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
873000 usd
us-gaap Repayments Of Mandatory Redeemable Capital Securities
RepaymentsOfMandatoryRedeemableCapitalSecurities
336000 usd
us-gaap Repayments Of Mandatory Redeemable Capital Securities
RepaymentsOfMandatoryRedeemableCapitalSecurities
492000 usd
nsys Proceeds From Debt Issuance Costs
ProceedsFromDebtIssuanceCosts
10000 usd
nsys Proceeds From Debt Issuance Costs
ProceedsFromDebtIssuanceCosts
0 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
51000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
36000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
582000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1352000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-133000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2121000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2225000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3564000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2092000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1443000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1300000 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
444000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
792000 usd
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
999000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2092000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1443000 usd
us-gaap Interest Paid Net
InterestPaidNet
328000 usd
us-gaap Interest Paid Net
InterestPaidNet
220000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
122000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-114000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
332000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
858000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
17420000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
3557000 usd
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
36000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
28000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
21036000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
18718000 usd
us-gaap Net Income Loss
NetIncomeLoss
2188000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
20000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
36000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
74000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
21036000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
26903000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1534000 usd
CY2022Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-365000 usd
CY2022Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
93000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
28183000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
26111000 usd
us-gaap Net Income Loss
NetIncomeLoss
2391000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-604000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
51000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
234000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
28183000 usd
CY2022Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
400000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
792000 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
387500
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
90000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.13
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
19800
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.40
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
8000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.38
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
449700
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.93
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y1M6D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2137000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
213500
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.95
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y10M24D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1407000 usd
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
212643
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
202479
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
214391
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
257000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
328000 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
22520000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
18492000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1719000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1678000 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
615000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
562000 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1244000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1298000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
23610000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
19434000 usd
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1173000 usd
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
64000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
176000 usd
CY2021 nsys Finite Lived Intangible Assets Abandonment Loss
FiniteLivedIntangibleAssetsAbandonmentLoss
560000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
501000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
43000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
111000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
433000 usd
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P2Y1M6D
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
40000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
111000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
139000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
14000 usd
CY2022Q3 nsys Finite Lived Intangible Asset Expected Amortization After Year Three
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearThree
49000 usd
nsys Percentage Of Revenue Transferred To Customers
PercentageOfRevenueTransferredToCustomers
0.74 pure
CY2022Q3 nsys Percentage Of Revenue Transferred To Customers
PercentageOfRevenueTransferredToCustomers
0.74 pure
CY2021Q3 nsys Percentage Of Revenue Transferred To Customers
PercentageOfRevenueTransferredToCustomers
0.82 pure
nsys Percentage Of Revenue Transferred To Customers
PercentageOfRevenueTransferredToCustomers
0.80 pure
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
8698000 usd
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
-72536000 usd
nsys Contract With Customer Asset Increase Decrease Product Transferred Over Time
ContractWithCustomerAssetIncreaseDecreaseProductTransferredOverTime
-71348000 usd
CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
9886000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P180D
nsys Revenue Remaining Performance Obligation Customers Upon Shipment With Payment Terms
RevenueRemainingPerformanceObligationCustomersUponShipmentWithPaymentTerms
P120D
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
35276000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
98505000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29452000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
81706000 usd
CY2022Q3 nsys Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
556000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1765000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
409000 usd
CY2022Q3 nsys Lessee Operating And Finance Lease Liability Payments Due Year One
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne
2175000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1505000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
357000 usd
CY2022Q3 nsys Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
1861000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1255000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
572000 usd
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
576000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
14000 usd
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
18000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
182000 usd
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
163000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
768000 usd
CY2021Q3 us-gaap Lease Cost
LeaseCost
757000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1731000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1696000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
50000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
61000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
547000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
489000 usd
us-gaap Lease Cost
LeaseCost
2328000 usd
us-gaap Lease Cost
LeaseCost
2246000 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8079000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8983000 usd
CY2022Q3 nsys Finance And Operating Leases Right Of Use Asset
FinanceAndOperatingLeasesRightOfUseAsset
9584000 usd
CY2021Q4 nsys Finance And Operating Leases Right Of Use Asset
FinanceAndOperatingLeasesRightOfUseAsset
11035000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1279000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
861000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
858000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
430000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
126000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
103000 usd
CY2022Q3 nsys Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
1358000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1217000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
108000 usd
CY2022Q3 nsys Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
1332000 usd
CY2022Q3 nsys Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
7066000 usd
CY2022Q3 nsys Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2022Q3 nsys Lessee Operating And Finance Lease Liability Payments Due After Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
7066000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13238000 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
1103000 usd
CY2022Q3 nsys Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
14341000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4328000 usd
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
74000 usd
CY2022Q3 nsys Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
4402000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8910000 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
1029000 usd
CY2022Q3 nsys Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
9939000 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y1M6D
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y9M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.077 pure
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052 pure
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.16 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.15 pure
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23 pure
nsys Employee Retention Credit Benefits Cares Act
EmployeeRetentionCreditBenefitsCARESAct
5209000 usd
CY2021 nsys Employee Retention Credit Benefits Cares Act
EmployeeRetentionCreditBenefitsCARESAct
5209000 usd

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0001437749-22-026561-xbrl.zip Edgar Link pending
ex_441671.htm Edgar Link pending
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ex_441682.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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