← BackNORTECH SYSTEMS INC · Electronic Components, NECNSYS
Low riskNext report: Around Nov 12 (est.)
The short versionA company still losing money with steady sales. Institutions are adding.
Going well
- Buying back shares: share count down 4.0% in 3 years
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 148% to their holdings in the quarter ending June 2026 (12 bought, 2 sold)
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$33.5M+9.3% vs a year earlier
Sep '23Tap a barJun '26
Over 5 years, sales grew about 2.6% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-0.7%
- PassDebt under half of equityNot relying on borrowed money.0.34x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-0.2%
- MissProfitable every yearSteady profits, not one good year.5 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.1M
- PassShare count not growingNot diluting owners. Falling means buybacks.-4.0% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.15.2%
- Revenue
- $118.4M
- -7.6% vs prior year
- 5-year growth
- +2.6%/yr
- revenue, per year
- Total debt
- $11.6M
- 0.34x equity
- Current ratio
- 1.88x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $33.5M
- +9.3% YoY
- EPS
- $0.11
- vs $0.12
- Op. margin
- 1.9%
- -0.5 pts
- Gross margin
- 17.0%
- +1.2 pts
- Free cash flow
- -$983K
- Share count
- +1.5%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.5
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+148.0%Institutions added 148.0% to their holdings. 12 bought, 2 sold.
Shares held by institutions222K
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+1.4%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.1x · $2.1M debtShares outstandingLatest reported
3MNext reportAround Nov 12 (est.)Estimated from the same quarter last year
- Results filedAug 12
- Results filedMay 13
- Results filedMar 26
- Results filedNov 13, 2025
- Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardStacy A KruseDirector
8,000 shares
- Now owns 8,000 shares
- Exercise price $12.19
- Stock Options
- Filed 169 days after trade
Stock awardAmy S. FredregillDirector
8,000 shares
- Now owns 8,000 shares
- Exercise price $12.19
- Stock Options
- Filed 169 days after trade
Stock awardDavid B KuninDirector, 10% owner
10,800 shares
- Now owns 10,800 shares
- Exercise price $12.19
- Stock Options
- Filed 169 days after trade
Stock awardRyan McmanusDirector
8,000 shares
- Now owns 8,000 shares
- Exercise price $12.19
- Stock Options
- Filed 169 days after trade
Stock awardJose Antonio PerisDirector
8,000 shares
- Now owns 8,000 shares
- Exercise price $12.19
- Stock Options
- Filed 169 days after trade