Medical Imaging was Nortech Systems’s largest product and service line in fiscal 2025, bringing in $40.00M of $118.37M (34%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Medical | $75.91M | — | — | — | ||||
| Medical Imaging | — | $39.91M | $37.49M | $40.00M | ||||
| Industrial | $38.74M | $40.11M | $35.52M | $30.94M | ||||
| Medical Device | — | $38.76M | $34.64M | $31.93M | ||||
| Aerospace & Defense | $19.48M | $20.55M | $20.49M | $15.50M | ||||
| Total | $134.12M | $139.33M | $128.13M | $118.37M |
Nortech Systems brought in $118.37M from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 7.6% from $128.13M in fiscal 2024. Medical Imaging was the largest at $40.00M (33.8%), ahead of Medical Device at $31.93M (27.0%) and Industrial at $30.94M (26.1%). The remaining line, Aerospace & Defense, brought in $15.50M.
Compared with fiscal 2024, Medical Imaging grew fastest, up 6.7% to $40.00M, while Aerospace & Defense fell the most, down 24.4% to $15.50M.
Nortech Systems began breaking out Medical Imaging in fiscal 2023 and Medical Device in fiscal 2023. Nortech Systems stopped reporting Medical as a separate line after fiscal 2022, when it brought in $75.91M.
Transferred Over Time was Nortech Systems’s largest revenue line in fiscal 2025, bringing in $89.53M of $118.37M (76%).
| Timing of Transfer of Good or Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Transferred Over Time | $96.92M | $110.20M | $97.72M | $89.53M | ||||
| Transferred At Point In Time | $32.69M | $25.05M | $25.87M | $25.66M | ||||
| Noncash Consideration | $4.51M | $4.09M | $4.54M | $3.18M | ||||
| Total | $134.12M | $139.33M | $128.13M | $118.37M |
Nortech Systems brought in $118.37M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 7.6% from $128.13M in fiscal 2024. Transferred Over Time was the largest at $89.53M (75.6%), ahead of Transferred At Point In Time at $25.66M (21.7%) and Noncash Consideration at $3.18M (2.7%).
Compared with fiscal 2024, every revenue line above 2% of revenue shrank. Transferred At Point In Time held up best, down 0.8% to $25.66M, and Noncash Consideration fell the most, down 30.1% to $3.18M. From fiscal 2022 to 2025, combined revenue from these revenue lines fell from $134.12M to $118.37M, a compound annual decline of 4.1%. Transferred Over Time's share of the total rose from 72.3% to 75.6%.
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 | ||
| 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 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, Medical Imaging was its largest product and service line, bringing in $40.00M (33.8% of the total), followed by Medical Device at $31.93M (27.0%).
Medical Imaging was Nortech Systems' largest product and service line in fiscal 2025, bringing in $40.00M, or 33.8% of the $118.37M total across its four product and service lines.
Transferred Over Time was Nortech Systems' largest revenue line in fiscal 2025, bringing in $89.53M, or 75.6% of the $118.37M 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, Medical Imaging grew fastest in fiscal 2025, up 6.7% from $37.49M to $40.00M.
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.