Nortech Systems Inc: Form 10-Q for the period ended Mar 31, 2020
Filed with the SEC on May 13, 2020 and accepted by EDGAR at May 13, 2020, 16:37 ET.
Sections
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Figures reported in this filing
Standardized line items from the XBRL in this filing, for the period ended 2020-03-31. Comparative periods it repeats are left out.
| Line item | Period | Value | XBRL concept |
|---|---|---|---|
| Revenue | 3 months2020-01-01 to 2020-03-31 | $27.4m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 3 months2020-01-01 to 2020-03-31 | $24.4m | us-gaap:CostOfGoodsAndServicesSold |
| Gross profit | 3 months2020-01-01 to 2020-03-31 | $3.0m | us-gaap:GrossProfit |
| Operating income | 3 months2020-01-01 to 2020-03-31 | $391.0k | us-gaap:OperatingIncomeLoss |
| Interest expense | 3 months2020-01-01 to 2020-03-31 | $224.0k | us-gaap:InterestExpense |
| Income tax | 3 months2020-01-01 to 2020-03-31 | $30.0k | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months2020-01-01 to 2020-03-31 | $137.0k | us-gaap:NetIncomeLoss |
| Diluted EPS | 3 months2020-01-01 to 2020-03-31 | $0.05 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months2020-01-01 to 2020-03-31 | $0.05 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months2020-01-01 to 2020-03-31 | 2,668,590 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 3 months2020-01-01 to 2020-03-31 | $466.0k | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 3 months2020-01-01 to 2020-03-31 | $65.0k | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Cash and equivalents | At period end2020-03-31 | $730.0k | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | At period end2020-03-31 | $45.5m | us-gaap:AssetsCurrent |
| Total assets | At period end2020-03-31 | $63.1m | us-gaap:Assets |
| Current liabilities | At period end2020-03-31 | $23.8m | us-gaap:LiabilitiesCurrent |
| Total liabilities | At period end2020-03-31 | $43.0m | us-gaap:Liabilities |
| Long-term debt | At period end2020-03-31 | $3.1m | us-gaap:LongTermDebtNoncurrent |
| Current portion of debt | At period end2020-03-31 | $444.0k | us-gaap:LongTermDebtCurrent |
| Shareholders' equity | At period end2020-03-31 | $20.1m | us-gaap:StockholdersEquity |
Source: SEC EDGAR, the filing index for accession 0001437749-20-010598. Last ingested by Listed: Oct 24, 2026, 14:55 ET. Listed shows no prices and gives no investment advice.