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
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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 Systems", or the "Company"), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets, announced today the Company's Board of Directors approved a $100,000 common stock buy-back plan. About Nortech Systems Incorporated Nortech Systems is a leading provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. Nortech Systems primarily serves the medical, aerospace & defense, and industrial markets. Its design services span concept devel
Gainers Quantum (NASDAQ:QMCO) shares rose 20.9% to $0.71 during Monday's regular session. The company's market cap stands at $68.2 million. As per the press release, Q4 earnings came out today. Canaan (NASDAQ:CAN) shares moved upwards by 18.38% to $1.21. The company's market cap stands at $345.4 million. EMCORE (NASDAQ:EMKR) shares moved upwards by 17.3% to $1.01. The market value of their outstanding shares is at $8.3 million. Soluna Holdings (NASDAQ:SLNH) shares rose 13.95% to $4.21. The company's market cap stands at $16.4 million. VirnetX Holding (NYSE:VHC) stock moved upwards by 12.6% to $4.2. The company's market cap stands at $15.4 million. Nortech Systems (NASDAQ:NSYS) shares m
AOX for Non-Magnetic Applications is the Company's second patent in its technology portfolio. AOX adoption will ramp up through 2024 and will not have a material impact on Nortech's 2024 or 2025 financial results.
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