Nortech Systems Incorporated
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Nortech Systems Incorporated's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $139,332,000. The net income raised on $6,874,000 and profit margin reached 5%. Total operating expenses were $17,151,000.
Profit Margin
| 2014 | 112.04M | 880.01K | 0.79% |
|---|---|---|---|
| 2015 | 115.19M | -571.42K | -0.5% |
| 2016 | 116.62M | 43.77K | 0.04% |
| 2017 | 112.33M | -2.44M | -2.18% |
| 2018 | 113.37M | 166K | 0.15% |
| 2019 | 116.33M | -1.22M | -1.06% |
| 2020 | 104.10M | -1.54M | -1.49% |
| 2021 | 115.16M | 7.15M | 6.21% |
| 2022 | 134.12M | 2.01M | 1.5% |
| 2023 | 139.33M | 6.87M | 4.93% |
NSYS Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 139.33M | 134.12M | 115.16M | 104.10M | 116.33M | 113.37M | 112.33M | 116.62M | 115.19M | 112.04M |
Cost of revenue | 116.22M | 113.64M | 99.30M | 95.65M | 103.75M | 100.05M | 100.21M | 102.78M | 103.13M | 98.70M |
Gross profit | 23.10M | 20.48M | 15.86M | 8.45M | 12.57M | 13.31M | 12.11M | 13.84M | 12.05M | 13.33M |
Operating exp. | ||||||||||
Research and development | 1.19M | 1.46M | 483K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 3.59M | 3.71M | 2.36M | 2.47M | 2.72M | 3.62M | 4.74M | 4.94M | 5.24M | 5.06M |
Total operating expenses | 17.15M | 16.60M | 12.84M | 10.51M | 12.35M | 12.06M | 12.83M | 13.21M | 12.48M | 12.00M |
Operating income | 5.95M | 1.95M | 2.27M | -2.06M | -1.99M | 1.24M | -1.26M | 629.06K | -422.04K | 1.32M |
Other income (expenses), net | -487K | 1.52M | 5.74M | 826K | 1.17M | -757K | -802.77K | -550.28K | -465.37K | -367.59K |
Income before tax | 5.46M | 3.47M | 8.01M | -1.23M | -819K | 492K | -2.07M | 78.77K | -887.42K | 961.01K |
Income tax expense | -1.40M | 1.46M | 859K | 310K | 409K | 326K | 375K | 35K | -316K | 81K |
Net income | 6.87M | 2.01M | 7.15M | -1.54M | -1.22M | 166K | -2.44M | 43.77K | -571.42K | 880.01K |
Earnings per share | ||||||||||
Basic EPS | 2.53 | 0.75 | 2.68 | -0.58 | -0.46 | 0.06 | -0.89 | 0.02 | -0.21 | 0.32 |
Diluted EPS | 2.38 | 0.7 | 2.54 | -0.58 | -0.46 | 0.06 | -0.89 | 0.02 | -0.21 | 0.32 |
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