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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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
Year-to-Date Revenue Up Nearly 5% from Prior Year; Gross Margin Increased from Prior Quarter; Continued Strong Backlog Levels Nortech Systems Incorporated (NASDAQ:NSYS) (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 third quarter results for the period ended September 30, 2023. 2023 Third Quarter Highlights: Revenue of $33.4 million, down 5.4% from the same period in 2022. GAAP net income of $1.2 million, or $0.42 per diluted share, compared to net income of $1.5 million, or $0.53 per diluted share, in the same period in 2
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, November 8, 2023, to discuss the company's third quarter financial results. The call will be hosted by Jay Miller, Chief Executive Officer and Alan Nordstrom, Acting 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: 557432. Participants may also acces
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
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
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, today announced the issuance of a new patent for their groundbreaking Active Optical Xtreme (AOX) technology platform. This innovative technology, which integrates cutting-edge transceivers, receivers, and optical fiber within a non-magnetic cable or connector assembly designed to operate in magnetically sensitive environments, is set to transform data transmission capabilities across a range of sectors, including medical imagin
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
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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.
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Gainers Nortech Systems (NASDAQ:NSYS) stock increased by 24.9% to $13.35 during Thursday's regular session. The market value of their outstanding shares is at $36.5 million. The company's, Q4 earnings came out yesterday. Duos Technologies Group (NASDAQ:DUOT) shares moved upwards by 21.28% to $4.82. The market value of their outstanding shares is at $34.8 million. MMTEC (NASDAQ:MTC) stock rose 20.97% to $2.31. The company's market cap stands at $460.1 million. AEye (NASDAQ:LIDR) shares moved upwards by 18.79% to $1.77. The market value of their outstanding shares is at $11.1 million. Micron Technology (NASDAQ:MU) stock moved upwards by 16.75% to $112.38. The market value of their outstan