Nortech Systems Announces Third Quarter 2021 Results

Revenue at $29.5 million in Fiscal Third Quarter of 2021; + 11.7% from Fiscal Third Quarter of 2020 Net Income $3.6 million for the Fiscal Third Quarter of 2021 including the Employee Retention Credit of $5.2 million Monthly Bookings Trends Remain Strong. Solid Backlog of $79 million, an increase of $33 million or +72% vs […]

Nortech Systems to Hold Third Quarter Conference Call on November 11

MINNEAPOLIS – 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 Thursday, November 11, 2021 to discuss the company’s third quarter financial […]

Nortech Systems to Report Fiscal 2021 Third Quarter Financial Results on November 11, 2021

MINNEAPOLIS – 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, announced today it will release its fiscal 2021 third quarter financial results for the period ended September 30, 2021 before the markets open on Thursday, […]

Nortech Systems Announces Second Quarter 2021 Results

Revenue at $30.2 million in Fiscal Second Quarter of 2021; + 37% from Fiscal First Quarter of 2021 US GAAP Net Income $0.2 million for the Fiscal Second Quarter of 2021; Adjusted EBITDA $1.0 million Monthly Bookings Trends Remain Strong. Solid Backlog of $72 million, an increase of +$23 million or +47% vs 12/31/20 MINNEAPOLIS […]

Nortech Systems to Report Fiscal 2021 Second Quarter Financial Results on August 12, 2021

MINNEAPOLIS – 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, announced today it will release its fiscal 2021 second quarter financial results for the period ended June 30, 2021 before the markets open on Thursday, […]

Nortech Systems announces Cooperation and Project Funding Agreement with Marpé Technologies and the BIRD Foundation

MINNEAPOLIS – Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), today announced it has reached a bilateral Cooperation and Project Funding Agreement by and among Nortech Systems, Inc, Marpé Technologies (Marpé), and the BIRD (Israel-U.S. Binational Industrial Research and Development) Foundation. The agreement provides a conditional grant to Marpé Technologies and Nortech Systems to develop a […]

Nortech Systems Announces Establishment of Two 10b5-1 Trading Plans

MINNEAPOLIS – 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, announced today that Chief Executive Officer Jay D. Miller and Chief Financial Officer Chris Jones have each adopted a prearranged trading plan under Rule 10b5-1 […]

Nortech Systems to Apply for the Employee Retention Credit (ERC)

MINNEAPOLIS – 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 today announced that it is applying for the Employee Retention Credit (“ERC”) to support ongoing investment in Nortech’s frontline workforce and to drive […]

Nortech Systems Announces the Addition of Stacy Kruse to its Board of Directors

MINNEAPOLIS – 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, today announced the addition of Stacy Kruse to its board of directors. Ms. Kruse will contribute strategic capabilities in finance and operations to support Nortech’s […]

Nortech Systems Announces First Quarter 2021 Results

Revenue Declines (19.6%); GAAP Net Loss of ($1.6) million Adjusted EBITDA loss of ($1.5) million for Fiscal First Quarter of 2021 Compared to $1.0 million in Fiscal First Quarter 2020 Monthly Bookings Trends Improving. Solid 90-day Backlog of $63 million, Improved $14 million or +29% vs 12/31/20 Balance Sheet Remains Strong with $7.6 million Unused […]