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 […]

Nortech Systems to Report Fiscal 2021 First Quarter Financial Results on May 13, 2021

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, announced today it will release its fiscal 2021 first quarter financial results for the period ended March 31, 2021 before the markets open […]

Nortech Systems Announces 2020 Results

Fiscal Year Revenue Declines 10.5%; GAAP Net Loss of ($1.5) million Adjusted EBITDA of $0.1 million for Fiscal Year 2020 Compared to $2.4 million in Fiscal Year 2019 Nortech Strengthens the Balance Sheet and Reduces Long Term Debt via Sale & Leaseback of Two Minnesota Plants The Company has Sufficient Liquidity with $8.1 million Unused […]

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 Chairman David Kunin and Chief Financial Officer Christopher Jones have each adopted a prearranged trading plan under Rule 10b5-1 of the Securities […]

Nortech Systems Announces Two New Board Members

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 Phil Smith and Dan Sachs were recently appointed to the company’s board of directors. This press release features multimedia. View the full release […]

Nortech Systems Announces Third-Quarter 2020 Results

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, reported net sales of $26.3 million for the third quarter ended September 30, 2020, compared with $30.1 million for the third quarter of […]

Nortech Systems Names Christopher D. Jones CFO & Senior Vice President of Finance

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, named Christopher D. Jones as Chief Financial Officer and Senior Vice President of Finance effective today. “We are very pleased that Chris has joined Nortech’s […]