Home / Going-concern warnings / NORTECH SYSTEMS INC
Filed 2025-11-13 路 Form 10-Q 路 Accession 0001493152-25-022124 nano
Price before filing: $9.22 (2025-11-12 close, split/dividend-adjusted)
Market cap at flag: $20.2M (2025-11-13) 路 Latest: $28.2M (2026-10-16)
| Window | NSYS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -24.1% | -0.4% | -23.7% | 2025-12-15 |
| 90 days | +1.8% | +1.6% | +0.3% | 2026-02-11 |
| 180 days | +46.5% | +8.6% | +37.9% | 2026-05-12 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-15 to 2025-12-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Pursuant to U.S. GAAP, this raises substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-09-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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