{"url_path":"/sec/nsys/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/722313/0001493152-26-022752-index.html","accession_number":"0001493152-26-022752","cik":"0000722313","ticker":"NSYS","issuer_name":"NORTECH SYSTEMS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/722313/0001493152-26-022752-index.html","primary_entity_key":"0000722313","primary_entity_name":"NORTECH SYSTEMS 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EXCHANGE COMMISSION**\n\n**Washington,\nD. C. 20549**\n\n \n\n**FORM\n10-Q**\n\n \n\n**(Mark\nOne)**\n\n \n\n \n**☒**\n**QUARTERLY\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For\nthe quarterly period ended March 31, 2026**\n\n \n\n**OR**\n\n \n\n \n**☐**\n**TRANSITION\nREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n \n\n**For\nthe transition period from          to**          \n\n \n\n**NORTECH\nSYSTEMS INCORPORATED**\n\n \n\nCommission\nfile number **0-13257**\n\n \n\nState\nof Incorporation: **Minnesota**\n\n \n\nIRS\nEmployer Identification No. **41-1681094**\n\n \n\nExecutive\nOffices: **7550 Meridian Circle N., Suite # 150, Maple Grove, MN 55369**\n\n \n\nTelephone\nnumber: **(952) 345-2244**\n\n \n\nSecurities\nregistered pursuant to Section 12(b) of the Act:\n\n \n\nTitle\nof each class\n \nTrading\nSymbol(s)\n \nName\nof each exchange on which registered\n\nCommon\nStock, par value $.01 per share\n \nNSYS\n \nNASDAQ\nCapital Market\n\n \n\nIndicate\nby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange\nAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)\nhas been subject to such filing requirements for the past 90 days. Yes **☒** No **☐**\n\n \n\nIndicate\nby check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule\n405 of Regulations S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant\nwas required to submit and post such files). Yes **☒** No **☐**\n\n \n\nIndicate\nby check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,\nor an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller\nreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge\nAccelerated Filer **☐**\n \nAccelerated\nFiler ☐\n\nNon-accelerated\nFiler **☒**\n \nSmaller\nReporting Company **☒**\n\nEmerging\ngrowth company **☐**\n \n \n\n \n\nIf\nan emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\nwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. **☐**\n\n \n\nIndicate\nby check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes **☐** No **☒**\n\n \n\nNumber\nof shares of $0.01 par value common stock outstanding as of May 6, 2026 was 2,794,534.\n\n \n\n \n\n \n\n \n\n \n\n \n\n**TABLE\nOF CONTENTS**\n\n \n\n \nPAGE\n\n \n \n\n**PART I – FINANCIAL INFORMATION**\n \n\n \n \n\n[Item 1 - Financial Statements](#a_002)\n \n\n[Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)](#a_003)\n3\n\n[Condensed Consolidated Balance Sheets](#a_004)\n4\n\n[Condensed Consolidated Statements of Cash Flows](#a_005)\n5-6\n\n[Condensed Consolidated Statements of Shareholders’ Equity](#a_007)\n7\n\n[Notes to Condensed Consolidated Financial Statements](#a_008)\n8-17\n\n[Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations](#sd_001)\n18\n\n[Item 3 - Quantitative and Qualitative Disclosures About Market Risk](#sd_002)\n22\n\n[Item 4 - Controls and Procedures](#sd_003)\n22\n\n \n \n\n**PART II – OTHER INFORMATION**\n \n\n \n \n\n[Item 1 - Legal Proceedings](#sd_005)\n23\n\n[Item 1A. - Risk Factors](#sd_006)\n23\n\n[Item 2 - Unregistered Sales of Equity Securities, Use of Proceeds](#sd_007)\n23\n\n[Item 3 - Defaults on Senior Securities](#sd_008)\n23\n\n[Item 4 - Mine Safety Disclosures](#sd_009)\n23\n\n[Item 5 - Other Information](#sd_010)\n23\n\n[Item 6 - Exhibits](#sd_011)\n23\n\n[SIGNATURES](#sd_012)\n24\n\n \n\n2\n\n \n\n \n\n**PART\nI**"}