Filing Flows › Nortech Systems (NSYS) › Q3 2025
Nortech Systems (NSYS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
Nortech Systems (NSYS) reported revenue of $30.5M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -0.6% from the quarter before. Operating margin was 3.1%, net loss $146K (0.5% of revenue).
Nortech Systems, Q3 2025: revenue $30.5M (-3% year over year), operating margin 3.1%, net loss $146K, operating cash flow −$92K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.5M | -0.6% | -3% |
| Operating profit | $945K | +27% | — |
| Net earnings | −$146K | -147% | — |
| Operating cash flow | −$92K | -159% | — |
What changed
Revenue was $30.5M in Q3 2025, down 3% year over year and down 1% from the previous quarter. Medical Imaging was the largest line at 34% of revenue. Aerospace and Defense lost $1.4M year over year (down 28%), 151% of the total change.
Gross margin was 16.5%, up 4.3 points from a year earlier. Operating profit was $945K, a 3.1% margin (up 4.6 points year over year). Operating expenses fell 5% while revenue fell 3%. The fastest-growing cost line was Sales & marketing (+37%). The quarter ended with a net loss of $146K, after a profit of $313K the previous quarter. Net interest and other expense of $273K was the main reason.
Operating cash flow was −$92K. Non-cash charges added back $308K of depreciation and amortization and $134K of share-based compensation. Working capital and other items used $388K. Capital expenditures of $150K exceeded it, leaving free cash flow of −$242K.
Questions
What was Nortech Systems' revenue in the third quarter 2025?
Nortech Systems (NSYS) reported revenue of $30.5M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -0.6% from the quarter before.
Was Nortech Systems profitable in the third quarter 2025?
Operating profit was $945K (3.1% of revenue) and net loss $146K.
Source: Nortech Systems 10-Q on SEC EDGAR.