Filing Flows › Nortech Systems (NSYS) › Q4 2024
Nortech Systems (NSYS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Nortech Systems (NSYS) reported revenue of $28.6M for the fourth quarter 2024 (Q4 2024), -21% from a year earlier and -9% from the quarter before. Operating margin was -4.3%, net loss $1.5M (5.2% of revenue).
Nortech Systems, Q4 2024: revenue $28.6M (-21% year over year), operating margin -4.3%, net loss $1.5M, operating cash flow $793K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $28.6M | -9% | -21% |
| Operating profit | −$1.2M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | $793K | — | — |
| Free cash flow | $503K | — | — |
What changed
Revenue was $28.6M in Q4 2024, down 21% year over year and down 9% from the previous quarter.
Gross margin was 9.9%, down 9.1 points from a year earlier. Operating costs exceeded revenue by $1.2M, an operating margin of -4.3%. Operating expenses fell 2% while revenue fell 21%. The quarter ended with a net loss of $1.5M, wider than the previous quarter's $739K loss.
Operating cash flow was $793K. Non-cash charges added back $254K of depreciation and amortization and $127K of share-based compensation. Working capital and other items added $1.9M. Capital expenditures of $290K left free cash flow of $503K.
Questions
What was Nortech Systems' revenue in the fourth quarter 2024?
Nortech Systems (NSYS) reported revenue of $28.6M for the fourth quarter 2024 (Q4 2024), -21% from a year earlier and -9% from the quarter before.
Was Nortech Systems profitable in the fourth quarter 2024?
Operating loss was $1.2M (-4.3% of revenue) and net loss $1.5M.
Source: Nortech Systems 10-K on SEC EDGAR.