Filing Flows › Nortech Systems (NSYS) › Q2 2025
Nortech Systems (NSYS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Nortech Systems (NSYS) reported revenue of $30.7M for the second quarter 2025 (Q2 2025), -9% from a year earlier and +14% from the quarter before. Operating margin was 2.4%, net earnings $313K (1.0% of revenue).
Nortech Systems, Q2 2025: revenue $30.7M (-10% year over year), operating margin 2.4%, net earnings $313K, operating cash flow $157K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.7M | +14% | -9% |
| Gross profit | $4.8M | +57% | +5% |
| Operating profit | $742K | — | +116% |
| Net earnings | $313K | — | +99% |
| Operating cash flow | $157K | — | — |
| Free cash flow | $58K | — | — |
What changed
Revenue was $30.7M in Q2 2025, down 9% year over year and up 14% from the previous quarter. Medical Imaging was the largest line at 32% of revenue. Medical Device lost $2.1M year over year (down 22%), 67% of the total change.
Gross margin was 15.8%, up 2.1 points from a year earlier. Operating profit was $742K, a 2.4% margin (up 1.4 points year over year). Operating expenses fell 4% while revenue fell 9%. The fastest-growing cost line was Sales & marketing (+32%). Net earnings were $313K, up 99% year over year. The effective tax rate was 35.5%.
Operating cash flow was $157K, 50% of net earnings. Non-cash charges added back $331K of depreciation and amortization and $117K of share-based compensation. Working capital and other items used $604K. Capital expenditures of $99K left free cash flow of $58K.
Questions
What was Nortech Systems' revenue in the second quarter 2025?
Nortech Systems (NSYS) reported revenue of $30.7M for the second quarter 2025 (Q2 2025), -9% from a year earlier and +14% from the quarter before.
Was Nortech Systems profitable in the second quarter 2025?
Operating profit was $742K (2.4% of revenue) and net earnings $313K.
Source: Nortech Systems 10-Q on SEC EDGAR.