Nortech Systems Incorporated filed its Form 10-Q with the SEC on November 12, 2026, covering the quarterly period ended September 30, 2026, reporting net income of $637 thousand for the third quarter and $919 thousand for the nine months ended September 30, 2026.

Key Highlights

  • Q3 2026 Net Sales: $33,047 thousand, up from $30,482 thousand in Q3 2025, according to the filing.
  • Q3 2026 Net Income: $637 thousand ($0.23 basic, $0.21 diluted per share), compared to a net loss of $146 thousand in Q3 2025.
  • Nine-Month Net Income: $919 thousand for the nine months ended September 30, 2026, versus a net loss of $1,149 thousand for the same period in 2025.
  • Total Assets: $84,495 thousand as of September 30, 2026, compared to $71,919 thousand at December 31, 2025.
  • New Term Loan: $2,200 thousand in proceeds from a term loan were received during the nine months ended September 30, 2026, with $1,099 thousand in restricted cash recorded on the balance sheet.
  • Shares Outstanding: 2,865,782 shares of common stock outstanding as of November 5, 2026.

Nortech Systems Q3 2026 Financial Results: Sales Growth and Return to Profitability

According to the filing, Nortech Systems Incorporated (NASDAQ:NSYS) reported net sales of $33,047 thousand for the three months ended September 30, 2026, an increase from $30,482 thousand in the comparable prior-year quarter. Gross profit for Q3 2026 was $5,872 thousand, up from $5,025 thousand in Q3 2025. Income from operations reached $1,414 thousand for the quarter, compared to $945 thousand a year earlier. After net interest expense of $223 thousand, the company reported net income of $637 thousand, reversing a net loss of $146 thousand in Q3 2025.

For the nine months ended September 30, 2026, the filing disclosed net sales of $96,903 thousand versus $88,052 thousand in the same period of 2025. Nine-month gross profit was $16,277 thousand, compared to $12,940 thousand previously. Income from operations for the nine-month period was $2,084 thousand, up sharply from $74 thousand a year earlier, which the filing noted included $266 thousand in restructuring charges in 2025. Net income for the nine-month period was $919 thousand, against a net loss of $1,149 thousand in 2025.

The condensed consolidated balance sheet as of September 30, 2026 showed total assets of $84,495 thousand, up from $71,919 thousand at December 31, 2025. The increase reflected higher accounts receivable ($20,948 thousand versus $16,998 thousand), inventories ($25,648 thousand versus $20,695 thousand), and customer deposits rising to $9,320 thousand from $5,386 thousand. The company also reported $1,099 thousand in restricted cash and a new term loan with $1,502 thousand recorded in long-term liabilities. Net cash used in operating activities was $275 thousand for the nine months ended September 30, 2026, an improvement from $2,865 thousand used in the prior-year period.

What Was Disclosed

Nortech Systems filed its quarterly report for the period ended September 30, 2026, disclosing revenue growth, a return to profitability versus the prior-year period, higher total assets, a new term loan, and 2,865,782 common shares outstanding as of November 5, 2026.