Welcome to our dedicated page for Nortech Systems news (Ticker: $NSYS), a resource for investors and traders seeking the latest updates and insights on Nortech Systems stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nortech Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nortech Systems's position in the market.
Rhea-AI Summary
Nortech Systems Incorporated (NSYS) will discuss its first quarter 2024 financial results in a live conference call on May 16, 2024. The call will be led by CEO Jay D. Miller and CFO Andrew D. C. LaFrence. Participants can join via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
Tags
-
Rhea-AI Summary
Nortech Systems Incorporated (NSYS) reports a strong performance in 2023 with a nearly 4% increase in net sales, a 130 basis points rise in gross margin, and EBITDA up by 38.2% from the prior year. The company's net income surged to $6.9 million, reflecting a significant improvement over the previous year. Nortech's management is optimistic about the future, citing positive industry trends, normalized customer demand, and strategic investments in new technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.35%
Tags
-
Rhea-AI Summary
Nortech Systems Incorporated (NSYS) will host a conference call to discuss fourth-quarter financial results. The call will be led by CEO Jay Miller and CFO Andrew LaFrence. US participants can call 888-506-0062, international participants 973-528-0011. Access the webcast at https://www.webcaster4.com/Webcast/Page/2814/50217.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.07%
Tags
News
Rhea-AI Summary
Nortech Systems Incorporated (Nasdaq: NSYS) announces the expansion of its fiber optic technologies with the addition of Expanded Beam Xtreme (EBX) technology. This revolutionary technology utilizes expanded beam connectors to provide superior performance and reliability, making it ideal for medical, industrial, aerospace, and defense applications. The company's CEO, Jay D. Miller, expressed excitement over the latest innovation, emphasizing the ability to flawlessly integrate fiber optic technology, including EBX, into complex cable assemblies. Nortech Systems' investment in a state-of-the-art clean room dedicated to advancing fiber optic technology research and development demonstrates its commitment to meeting the evolving needs of customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
-
Rhea-AI Summary
Nortech Systems, Inc. (NSYS) welcomes Andrew LaFrence as the new CFO and Senior Vice President of Finance. LaFrence will oversee the company’s financial operations and strategic planning, bringing extensive experience in executive leadership and strategic business planning. Nortech's recent investments and focus on growing EBITDA have diversified capabilities and improved efficiencies, supporting future growth. With 30 years of history and expertise in digital connectivity, Nortech is well-positioned for continued success and growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.56%
Tags
-
Rhea-AI Summary
Nortech Systems Incorporated (NSYS) Reports 2023 Third Quarter Results: Revenue Down 5.4%, Gross Margin Up, Year-to-Date Revenue Increased by 4.8%
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.95%
Tags
Rhea-AI Summary
Nortech Systems Incorporated (Nasdaq: NSYS) has announced the addition of two new members, Amy Fredregill and Jose Peris, to its board of directors. Both members bring extensive experience and expertise to the board and will contribute to driving shareholder value. Amy Fredregill has over 25 years of experience advising energy, food, agricultural companies, and governmental entities. Jose Peris has a strong background in finance and wealth management. Nortech Chairman, David Kunin, expressed excitement about the new additions and their potential contributions to Nortech's future endeavors in ESG, greentech, medtech, and digital data connectivity and transformation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
Tags
-
Rhea-AI Summary
Nortech Systems to hold conference call on November 8, 2023, to discuss Q3 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Nortech Systems' Suzhou facility receives certification to produce Class II Medical Devices for customers in Asia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
Tags
Rhea-AI Summary
Nortech Systems Incorporated (NSYS) Reports 7.7% Revenue Growth in Q2 2023. The company's Q2 2023 results show a 7.7% increase in revenue to $35.0 million, with a first half revenue of $69.9 million, up 10.6% from the prior-year period. GAAP net income was $0.6 million, or $0.22 per diluted share, compared to $0.7 million, or $0.25 per diluted share, in the same period in 2022. The gross margin was 15.6%, up 20 basis points from the second quarter of 2022. EBITDA was $1.6 million, up from $1.5 million in the prior-year period. The company also experienced the highest level of bookings in the last 4 quarters, with a quarter-end backlog of $101 million as of June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.57%
Tags
Nortech Systems Inc
Nasdaq:NSYS
NSYS Rankings
NSYS Stock Data
43.90M
972.82k
64.93%
3.66%
0.09%
Electronic Computer Manufacturing
Manufacturing
United States of America
MAPLE GROVE
About NSYS
nortech systems, inc., is a full-service electronics manufacturing services (ems) provider of wire and cable assemblies, printed circuit board assemblies and diagnostic repair and integration services including, higher-level assemblies and box builds for a wide range of industries. markets served include medical, automotive, aerospace, computer peripheral, commercial, telecom, government and consumer. nortech systems has a range of specialized, high-tech facilities used for customized design, manufacture, testing and repair of its solutions.