Nortech Systems Q1 2024 EPS $0.26 Up From $0.23 YoY; Revenue $34.215M Down From $34.888M YoY
$NSYS
Industrial Machinery/Components
Technology
Nortech Systems Q1 2024 EPS $0.26 Up From $0.23 YoY; Revenue $34.215M Down From $34.888M YoY
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4 - NORTECH SYSTEMS INC (0000722313) (Issuer)
4 - NORTECH SYSTEMS INC (0000722313) (Issuer)
4 - NORTECH SYSTEMS INC (0000722313) (Issuer)
8-K - NORTECH SYSTEMS INC (0000722313) (Filer)
10-Q - NORTECH SYSTEMS INC (0000722313) (Filer)
10-Q - NORTECH SYSTEMS INC (0000722313) (Filer)
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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.
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
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
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