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Nortech Systems Incorporated  (NASDAQ: NSYS)
    Sector  Technology    Industry IT Infrastructure
   Industry IT Infrastructure
   Sector  Technology
 
Price: $11.4300 $-0.10 -0.867%
Day's High: $11.819999694824219 Week Perf: 0.79 %
Day's Low: $ 11.18 30 Day Perf: -23.19 %
Volume (M): 45,768 52 Wk High: $ 18.01
Volume (M$): $ 0 52 Wk Avg: $11.13
Open: $11.73 52 Wk Low: $6.50



 Market Capitalization (Millions $) 34
 Shares Outstanding (Millions) 3
 Employees 713
 Revenues (TTM) (Millions $) 125
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) 2
 Capital Exp. (TTM) (Millions $) 1

Business Description


We are an Electronic Manufacturing Services ("EMS") company with our headquarters in Maple Grove, Minnesota, a suburb of Minneapolis, Minnesota. We maintain facilities and operations in Minnesota and Wisconsin 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, design, 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 customers 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/Defense, Medical and Industrial/Commercial 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.

The EMS industry has evolved into a dynamic, high-tech global electronics contract services industry. We continue to expand our capabilities and foot print to better meet these changing market requirements. Along with offering technical expertise in our quality processes, engineering design applications and testing, we are also increasing our focus on supplier-managed inventory services and the cost drivers throughout the global supply chain. Asia expansion is designed to support global customer base and provide competitive economic alternatives for the overall business health.

We continue to pursue acquisitions, mergers, and/or joint ventures of companies in the EMS industry to increase our service offering, remain competitive, grow our customer base and increase revenues. Our strategic objectives and our history are based on both organic and acquired growth.

Our quality systems and processes are based on International Standards Organization ("ISO") standards with all facilities certified to the latest version of the ISO 9001 and/or Aerospace Systems ("AS") 9100 standards. We also have ISO 13485 certification which recognizes our quality management systems applicable to contract design, manufacture and repair of assemblies for the medical industry. Our Milaca operation is a U.S. Food and Drug Administration ("FDA") registered facility. These certifications and registrations provide our customers assurance of our capabilities and proven processes. All of our facilities are certified to one or more of the ISO/AS standards, with most having additional certifications based on the needs of the customers they serve.

We are committed to quality, cost effectiveness and responsiveness to customer requirements. To achieve these objectives we have invested in Restriction of Hazardous Substances (lead free) processing, equipment, plant capacity studies, people, enterprise resource planning systems, lean manufacturing and supply chain management techniques at our facilities. We are committed to continuous improvement and have invested in training our people to identify and act on improvement opportunities. We maintain a diversified customer base and expand into other capabilities and services when there is a fit with our core competencies and strategic vision.



   Company Address: 7550 Meridian Circle N Maple Grove 55369 MN
   Company Phone Number: 345-2244   Stock Exchange / Ticker: NASDAQ NSYS


   

Stock Performances by Major Competitors

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Business Update

Nortech Systems Fortifies Aerospace and Defence Sector Prowess with IPC-J-STD-001 Space Addendum Certification,

Published Tue, Oct 8 2024 2:39 PM UTC

Nortech Systems Expands PCBA Capabilities to Embrace IPC-J-STD-001 Space Addendum Certification In a significant development for the aerospace and defence sectors, Nortech Systems Incorporated (Nasdaq: NSYS), a renowned provider of engineering and manufacturing solutions, has announced the augmentation of its printed circuit board assembly (PCBA) capabilities. The Minnesota-...

Business Update

Evolving Connectivity: Nortech Systems' New Patent Redefines Connectivity in Digital and Manufacturing Technologies

Published Wed, May 22 2024 12:15 AM UTC

The Future of Connectivity: Nortech Systems Announces New Patent for Active Optical Xtreme, Revolutionizing Digital and Manufacturing TechnologiesIn a move that is set to redefine connectivity in digital and manufacturing technologies, Nortech Systems Incorporated (Nasdaq: NSYS) has announced the issuance of a new patent for their groundbreaking Active Optical Xtreme (AOX) t...

Business Update

Nortech Systems Reinvents Connectivity with New Patent for Active Optical Xtreme Technology, Setting New Standards in Digital and Manufacturing Technologies'

Published Tue, May 21 2024 10:15 PM UTC

Minneapolis In a significant advancement for the technological landscape, Nortech Systems Incorporated (Nasdaq: NSYS), a prominent provider specializing in engineering and manufacturing solutions for intricate electromedical and electromechanical products, proudly announced the issuance of a new patent for their revolutionary Active Optical Xtreme (AOX) technology platform. ...




Fundamental Analysis

Valuation Current
Price to Earnings PE Ratio (TTM) 30.73
Price to Earnings PE Ratio (Expected) -
Price to Sales (TTM) 0.27
Price to Sales (Expected) -
Price to Book 0.97
PEG (TTM) -

Financial Strength Current
Quick Ratio 0.04
Working Capital Ratio 1.78
Leverage Ratio (MRQ) 1.26
Total Debt to Equity 0.29
Interest Coverage (TTM) -
Debt Coverage (TTM) 0.29

Per Share Current
Earnings (TTM) 0.37 $
Revenues (TTM) 41.79 $
Cash Flow (TTM) 0.52 $
Cash 0.46 $
Book Value 11.83 $
Dividend (TTM) 0 $

Efficiency Current
Revenue per Employee (TTM) 175,783
Net Income per Employee (TTM) 1,449
Receivable Turnover Ratio (TTM) 6.82
Inventory Turnover Ratio (TTM) 4.81
Asset Turnover Ratio (TTM) 1.65

Profitability Ratios Current
Gross Margin (MRQ) 17 %
Operating Margin (MRQ) 1.86 %
Net Margin (MRQ) 0.94 %
Net Cash Flow Margin (MRQ) 0 %
Effective Tax Rate (TTM) 34.2 %

Management Effectiveness Current
Return On Assets (TTM) 1.36 %
Return On Investment (TTM) 2.42 %
Return On Equity (TTM) 2.99 %
Dividend Yield -
Pay out Ratio (TTM) -



Nortech Systems Incorporated's Segments
Medical Device    57.19 % of total Revenue
Medical Imaging    61.77 % of total Revenue
Industrial    44.73 % of total Revenue
Aerospace and Defense    26.71 % of total Revenue
US    25.58 % of total Revenue
MX    5.12 % of total Revenue
CN    3.27 % of total Revenue





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