Filing Flows › Nortech Systems (NSYS) › Q1 2026
Nortech Systems (NSYS) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Nortech Systems (NSYS) reported revenue of $30.3M for the first quarter 2026 (Q1 2026), +13% from a year earlier and 0% from the quarter before. Operating margin was 0.2%, net loss $34K (0.1% of revenue).
Nortech Systems, Q1 2026: revenue $30.3M (+13% year over year), operating margin 0.2%, net loss $34K, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.3M | 0% | +13% |
| Operating profit | $47K | -95% | — |
| Net earnings | −$34K | -104% | — |
| Operating cash flow | −$1.6M | -128% | — |
What changed
Revenue was $30.3M in Q1 2026, up 13% year over year and roughly flat from the previous quarter. Medical Imaging was the largest line at 33% of revenue. Aerospace and Defense added $1.4M year over year (up 41%), 40% of the total change. Industrial declined 1%.
Gross margin was 15.5%, up 4.1 points from Q1 2025. Operating profit was $47K, a 0.2% margin (up 6.2 points year over year). Operating expenses fell 1% while revenue rose 13%. The fastest-growing cost line was Sales & marketing (+12%). The quarter ended with a net loss of $34K, after a profit of $897K the previous quarter. Net interest and other expense of $256K was the main reason.
Operating cash flow was −$1.6M. Non-cash charges added back $303K of depreciation and amortization and $126K of share-based compensation. Working capital and other items used $2.0M. Capital expenditures of $228K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Nortech Systems' revenue in the first quarter 2026?
Nortech Systems (NSYS) reported revenue of $30.3M for the first quarter 2026 (Q1 2026), +13% from a year earlier and 0% from the quarter before.
Was Nortech Systems profitable in the first quarter 2026?
Operating profit was $47K (0.2% of revenue) and net loss $34K.
Source: Nortech Systems 10-Q on SEC EDGAR.