Nortech Systems Reports Third Quarter Results
Nortech Systems Incorporated (NSYS)
US:NASDAQ Investor Relations:
nortechsys.com/category/investor-relations
Company Research
Source: GlobeNewswire
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 sales were impacted by a continuing pattern of customers’ delaying product purchases, as well as customers’ desire to reduce their inventory and to shorten purchase order to fulfillment timelines, both of which have also negatively impacted many in the contract manufacturing industry over the last se
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News
- Nortech Systems Incorporated (NASDAQ: NSYS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Concerns Surrounding Nortech Systems' (NASDAQ:NSYS) Performance [Yahoo! Finance]Yahoo! Finance
- Nortech Systems Incorporated (NASDAQ: NSYS) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Nortech Systems Inc (NSYS) Q3 2024 Earnings Call Highlights: Strategic Moves Amid Sales Decline [Yahoo! Finance]Yahoo! Finance
- Nortech Systems Incorporated (NSYS) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
NSYS
Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- NSYS's page on the SEC website