Company / R&D Expense
NORTECH SYSTEMS INC R&D Expense History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$1.2M
FY2025
5-year range
$0 / $1.5M
FY2021-FY2025
Trend
-0.7%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Declined from $1M to $1M over the past 2 years.
Based on SEC 10-K filings.
$1M in FY2025 with a 3-year CAGR of +35.1%.
Declined from $1M to $1M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +35.1%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- 3-year CAGR of +35.1%, indicating consistent growth.
- In FY2025, r&d expense decreased 0.7% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.2M | -0.7% |
| FY2024 | $1.2M | -18.0% |
| FY2023 | $1.5M | +202.9% |
| FY2022 | $483.0K | - |
| FY2021 | $0 | - |
| FY2020 | - | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K Annual Filings · Updated Jun 28, 2026