Transferred Over Time was Nortech Systems’s largest product and service line in fiscal 2025, bringing in $31.91M of $42.24M (76%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Transferred Over Time | $51.47M | $32.15M | $25.65M | $31.91M | ||||
| Transferred At Point In Time | $22.29M | $33.14M | $34.49M | $8.15M | ||||
| Noncash Consideration | $2.15M | $6.39M | $7.60M | $2.18M | ||||
| Total | $75.91M | $71.68M | $67.75M | $42.24M |
Nortech Systems brought in $42.24M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 37.6% from $67.75M in fiscal 2024. Transferred Over Time was the largest at $31.91M (75.5%), ahead of Transferred At Point In Time at $8.15M (19.3%) and Noncash Consideration at $2.18M (5.2%).
Compared with fiscal 2024, Transferred Over Time grew fastest, up 24.4% to $31.91M, while Transferred At Point In Time fell the most, down 76.4% to $8.15M. From fiscal 2022 to 2025, combined revenue from these lines fell from $75.91M to $42.24M, a compound annual decline of 17.7%. Transferred Over Time's share of the total rose from 67.8% to 75.5%.
Medical was Nortech Systems’s largest revenue line in fiscal 2022, bringing in $51.47M of $96.92M (53%).
| Timing of Transfer of Good or Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|
| Medical | $56.76M | $45.69M | $47.29M | $51.47M | |
| Industrial | $30.80M | $22.45M | $27.21M | $28.71M | |
| Aerospace & Defense | $16.89M | $18.95M | $14.88M | $16.75M | |
| Total | $104.45M | $87.09M | $89.38M | $96.92M |
Nortech Systems brought in $96.92M from its three revenue lines in fiscal 2022, the year ended December 31, 2022. That was up 8.4% from $89.38M in fiscal 2021. Medical was the largest at $51.47M (53.1%), ahead of Industrial at $28.71M (29.6%) and Aerospace & Defense at $16.75M (17.3%).
Compared with fiscal 2021, Aerospace & Defense grew fastest, up 12.5% to $16.75M. Every revenue line above 2% of revenue grew. From fiscal 2019 to 2022, combined revenue from these revenue lines fell from $104.45M to $96.92M, a compound annual decline of 2.5%. Medical's share of the total fell from 54.3% to 53.1%.
Medical was Nortech Systems’s largest segment in fiscal 2017, bringing in $51.45M of $112.34M (46%).
| Segment | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|
| Industrial | $55.77M | $59.43M | $46.67M | $45.20M | ||
| Salesrevenuenet | — | — | — | — | ||
| Medical | — | $41.31M | $53.84M | $51.45M | ||
| Medical/Life Sciences | $41.40M | — | — | — | ||
| Aerospace & Defense | $14.87M | $14.46M | $16.11M | $15.68M | ||
| Total | $112.04M | $115.19M | $116.62M | $112.34M |
Nortech Systems brought in $112.34M from its three segments in fiscal 2017, the year ended December 31, 2017. That was down 3.7% from $116.62M in fiscal 2016. Medical was the largest at $51.45M (45.8%), ahead of Industrial at $45.20M (40.2%) and Aerospace & Defense at $15.68M (14.0%).
Compared with fiscal 2016, every segment above 2% of revenue shrank. Aerospace & Defense held up best, down 2.7% to $15.68M, and Medical fell the most, down 4.4% to $51.45M.
Nortech Systems began breaking out Medical in fiscal 2015, when it brought in $41.31M. Nortech Systems stopped reporting Medical/Life Sciences as a separate segment after fiscal 2014, when it brought in $41.40M.
Nortech Systems (NSYS) reports its revenue by product and service, by timing of transfer of good or service and by segment. In fiscal 2025, Transferred Over Time was its largest product and service line, bringing in $31.91M (75.5% of the total), followed by Transferred At Point In Time at $8.15M (19.3%).
Transferred Over Time was Nortech Systems' largest product and service line in fiscal 2025, bringing in $31.91M, or 75.5% of the $42.24M total across its three product and service lines.
Medical was Nortech Systems' largest revenue line in fiscal 2022, bringing in $51.47M, or 53.1% of the $96.92M total across its three revenue lines.
Medical was Nortech Systems' largest segment in fiscal 2017, bringing in $51.45M, or 45.8% of the $112.34M total across its three segments.
Among Nortech Systems' product and service lines that make up at least 2% of revenue, Transferred Over Time grew fastest in fiscal 2025, up 24.4% from $25.65M to $31.91M.
Every figure comes from Nortech Systems' annual financial filings, as reported. Each line keeps the name Nortech Systems gives it, and years follow its fiscal calendar.
Nortech Systems' revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.