Risk factors
Nortech Systems (NSYS) risk factors
Item 1A of every Nortech Systems Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors35 risks6 new2 dropped7 reworded
Concentration risk deepened as one customer grew to 32.2% of net sales in 2025. New credit facility established with Associated Bank featuring a $15,000 revolving credit facility and $2,200 term loan. Stock trading below net equity value triggered long-lived asset impairment evaluation.
Filed Mar 26, 2026 - FY2024 10-K risk factors31 risks
Customer concentration is high, with one customer representing 27.7% of net sales in 2024. Majority voting control rests with Curtis Squire, Inc. and the Kunin family. Operations span international borders, including manufacturing facilities in Mexico and China.
Filed Mar 31, 2025