Nortech Systems Incorporated operates as an electronic manufacturing services company in the United States, Mexico, and China. It offers a range of value added engineering, technical and manufacturing, and support services, including project management, designing, testing, prototyping, supply chain management, and post-market services. The company also provides manufacturing and engineering services for medical devices, printed circuit board assemblies, wire and cable assemblies, and higher level electromechanical assemblies. In addition, it offers repair services. The company serves original equipment manufacturers in the aerospace and defense, medical, and industrial markets through business development teams and independent manufacturers' representatives. Nortech Systems Incorporated was founded in 1990 and is headquartered in Maple Grove, Minnesota.
IPO Year:
Exchange: NASDAQ
Website: nortechsys.com
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Nortech Systems, Inc., (NASDAQ:NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products announced today Andrew LaFrence has been named CFO and Senior Vice President of Finance. "We are delighted to welcome Andy to the Nortech Systems team," said Jay D. Miller, President and CEO of Nortech Systems. "Andy brings a wealth of experience and knowledge to the role, and I am confident he will be a great asset to our organization. Andy brings strategic expertise well beyond finance and accounting. The Nortech leadership team and board of directors are thrilled to have him on the Nortech team." In his new role, LaFrence will b
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New Brand Reflects Commitment to Innovation, Customer-Centricity, and Excellence in Contract Manufacturing Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, is proud to unveil its newly refreshed brand, "Connections Reimagined." This revitalized identity reflects a modern, innovative approach to tackling complex challenges across critical industries. The rebrand includes a new logo, mission statement, vision statement, and tagline that reflects the Company's customer-oriented focus on delivering
Nortech Systems ("Nortech" or the "Company"), a global leader in digital connectivity solutions and data management engineering, is strategically positioned to serve customers in Europe and the Asia Pacific region while effectively mitigating the impact of global tariffs and trade challenges. "The imposition of tariffs has significantly impacted contract manufacturers, including Nortech. However, Nortech's global manufacturing strategy has allowed the Company to navigate these challenges effectively," said Jay D. Miller, President and CEO of Nortech. "We are able to minimize the impact of global tariffs and continue to provide exceptional service to our customers worldwide. Our commitment
Nortech Systems ("Nortech" or the "Company"), a trusted leader in innovative connectivity solutions, announced an exciting expansion in its fiber optic capabilities with the integration of MT connectors. MT connectors, known for their ability to support multiple fiber terminations in a compact form factor, are an ideal choice for applications requiring robust data transmission and reliability. By incorporating these advanced connectors into its offerings, Nortech provides customers with superior scalability and flexibility for their complex connectivity in rugged and harsh environments. "Our commitment to innovation drives us to continuously expand our capabilities to address the unique ch
Nortech Systems ("Nortech" or the "Company"), a global leader in digital connectivity solutions and data management engineering, proudly announces its latest innovation—a groundbreaking patent for non-magnetic expanded beam fiber optic cables. This revolutionary technology platform reimagines connectivity as lighter, faster, and more sustainable while ruggedized for superior performance in the most demanding environments. The patented non-magnetic expanded beam technology introduces a hybrid solution that seamlessly integrates optical and electrical elements, making it the ideal choice for industries requiring precision, durability, and reliability. From medical imaging systems to aerospac
MINNEAPOLIS, March 31, 2025 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported financial results for the fourth quarter ended December 31, 2024. 2024 Q4 Highlights: ●Net sales of $28.6 million ●Net loss of ($1.5) million, or ($0.54) per diluted share ●Adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") of ($585) thousand loss ●90-day backlog of $26.5 million as of December 31, 2024 Management Commentary "Fourth quarter net sales were
MINNEAPOLIS, March 25, 2025 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) (the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical imaging, medical device, aerospace & defense and industrial markets, will hold a live conference call and webcast at 3:30 p.m. Central Time on Monday, March 31, 2025, to discuss the Company's fourth quarter and full year 2024 financial results. The call will be hosted by Jay D. Miller, Chief Executive Officer and President, and Andrew D. C. LaFrence, Chief Financial Officer. To access the live audio conference call, US participants may call 888-5
MINNEAPOLIS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported financial results for the third quarter ended September 30, 2024. 2024 Q3 Highlights: ●Net sales of $31.4 million ●Net loss of ($739) thousand, or ($0.27) per diluted share ●Adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") of $143 thousand ●90-day backlog of $29.6 million as of September 30, 2024 Management Commentary "Third quarter net sal
MINNEAPOLIS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) (the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, will hold a live conference call and webcast at 7:30 a.m. Central Time on Thursday, November 7, 2024, to discuss the Company's third quarter financial results. The call will be hosted by Jay D. Miller, Chief Executive Officer and President, and Andrew D. C. LaFrence, Chief Financial Officer. To access the live audio conference call, US participants may call 888-506-0062 and international participants ma
Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech Systems", or the "Company), a leading provider of engineering and manufacturing solutions for the aerospace and defense industry, has announced the Company has certified trainers and operators to build printed circuit board assemblies (PCBAs) to the IPC-J-STD-001 Space Addendum standard. Certification to build to the IPC-J-STD-001 Space Addendum standard enhances Nortech System's capabilities in producing PCBAs that meet the stringent requirements of the aerospace and defense (A&D) industry. This ensures that all products manufactured under this standard adhere to rigorous quality and reliability criteria, making them suitable for use in
MINNEAPOLIS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported second quarter ended June 30, 2024 financial results. 2024 Q2 Highlights: ●Net sales of $33.9 million ●Net income of $157 thousand, or $0.06 per diluted share ●Adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") of $919 thousand ●90-day backlog of $30.1 million as of June 30, 2024 Management Commentary "We are working closely with our customers
MINNEAPOLIS, March 31, 2025 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported financial results for the fourth quarter ended December 31, 2024. 2024 Q4 Highlights: ●Net sales of $28.6 million ●Net loss of ($1.5) million, or ($0.54) per diluted share ●Adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") of ($585) thousand loss ●90-day backlog of $26.5 million as of December 31, 2024 Management Commentary "Fourth quarter net sales were
MINNEAPOLIS, March 25, 2025 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) (the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical imaging, medical device, aerospace & defense and industrial markets, will hold a live conference call and webcast at 3:30 p.m. Central Time on Monday, March 31, 2025, to discuss the Company's fourth quarter and full year 2024 financial results. The call will be hosted by Jay D. Miller, Chief Executive Officer and President, and Andrew D. C. LaFrence, Chief Financial Officer. To access the live audio conference call, US participants may call 888-5
MINNEAPOLIS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported financial results for the third quarter ended September 30, 2024. 2024 Q3 Highlights: ●Net sales of $31.4 million ●Net loss of ($739) thousand, or ($0.27) per diluted share ●Adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") of $143 thousand ●90-day backlog of $29.6 million as of September 30, 2024 Management Commentary "Third quarter net sal
MINNEAPOLIS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) (the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, will hold a live conference call and webcast at 7:30 a.m. Central Time on Thursday, November 7, 2024, to discuss the Company's third quarter financial results. The call will be hosted by Jay D. Miller, Chief Executive Officer and President, and Andrew D. C. LaFrence, Chief Financial Officer. To access the live audio conference call, US participants may call 888-506-0062 and international participants ma
MINNEAPOLIS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported second quarter ended June 30, 2024 financial results. 2024 Q2 Highlights: ●Net sales of $33.9 million ●Net income of $157 thousand, or $0.06 per diluted share ●Adjusted earnings before interest, taxes, depreciation, and amortization ("EBITDA") of $919 thousand ●90-day backlog of $30.1 million as of June 30, 2024 Management Commentary "We are working closely with our customers
Nortech Systems Incorporated (NASDAQ:NSYS) (the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, will hold a live conference call and webcast at 7:30 a.m. Central Time on Thursday, August 8, 2024, to discuss the Company's second quarter financial results. The call will be hosted by Jay D. Miller, Chief Executive Officer and President, and Andrew D. C. LaFrence, Chief Financial Officer. To access the live audio conference call, US participants may call 888-506-0062 and international participants may call 973-528-0011. Participant Access Code: 394
Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or, the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported first quarter ended March 31, 2024 financial results. 2024 Q1 Highlights: Net sales of $34.2 million, down 1.9% from Q1 2023. Net income increased to $765 thousand, or $0.26 per diluted share, compared with net income of $681 thousand or $0.23 per diluted share, in Q1 2023. Gross margin of 15.9%, up 20 basis points from gross margin of 15.7% in the same prior-year quarter. Earnings before interest, taxes, depreciation, and am
Nortech Systems Incorporated (NASDAQ:NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, will hold a live conference call and webcast at 3:00 p.m. Central Time on Thursday, May 16, 2024, to discuss the company's first quarter financial results. The call will be hosted by Jay D. Miller, Chief Executive Officer and President and Andrew D. C. LaFrence, Chief Financial Officer. To access the live audio conference call, US participants may call 888-506-0062 and international participants may call 973-528-0011. Participant Access Code: 945063. Participants ma
Full Year Net Sales Up Nearly 4% from Prior Year; Gross Margin Increase 130 Basis Points from Prior Year EBITDA Increases to $8.0 million, Up 38.2% from Prior Year Nortech Systems Incorporated (NASDAQ:NSYS) ("Nortech" or, the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, industrial and defense markets, reported 2023 fourth quarter and full year results for the period ended December 31, 2023. 2023 Highlights: Net sales of $139.3 million, up 3.9% from the prior year. Net income of $6.9 million, or $2.38 per diluted share, compared with net income of $2.0 million, or $0.70 p
Nortech Systems Incorporated (NASDAQ:NSYS), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, will hold a live conference call and webcast at 4:00 p.m. Central Time on Wednesday, March 20, 2024, to discuss the company's fourth quarter financial results. The call will be hosted by Jay Miller, Chief Executive Officer and Andrew LaFrence, Chief Financial Officer. To access the live audio conference call, US participants may call 888-506-0062 and international participants may call 973-528-0011. Participant Access Code: 823360. Participants may also access the c