Welcome to our dedicated page for Nortech Sys news (Ticker: NSYS), a resource for investors and traders seeking the latest updates and insights on Nortech Sys stock.
Nortech Systems Inc (NSYS) delivers specialized electronics manufacturing services for mission-critical industries. This news hub provides investors and industry professionals with essential updates on corporate developments, technical innovations, and market positioning.
Access timely announcements including quarterly financial results, manufacturing advancements, and strategic partnerships across medical, aerospace, and industrial sectors. Our curated collection simplifies tracking of operational milestones and regulatory compliance achievements.
Discover comprehensive coverage of NSYS's engineering initiatives, supply chain developments, and quality assurance enhancements. The repository serves as a vital resource for understanding the company's role in complex electronics manufacturing ecosystems.
Bookmark this page for streamlined access to Nortech Systems' official communications and expert analysis. Stay informed about evolving capabilities in printed circuit board manufacturing and integrated assembly solutions through verified updates.
Nortech Systems Incorporated (NASDAQ: NSYS) will host a live conference call on May 11, 2023, at 4:00 p.m. central time to discuss its first-quarter financial results. This call will feature CEO Jay Miller and CFO Chris Jones. Interested participants can join by calling 877-545-0523 for US or 973-528-0016 for international access, using Participant Access Code: 629822, or via webcast at here. Nortech Systems focuses on engineering and manufacturing solutions for complex electromedical and electromechanical products serving various markets, including medical, aerospace & defense, and industrial. The company operates from multiple locations in the U.S., Latin America, and Asia.
Nortech Systems reported a 6.4% increase in fourth-quarter revenue for 2022, totaling $35.6 million, and a 16.5% growth in annual revenue, reaching $134.1 million. Gross margin rose to 14.3%, up 6.3 percentage points from the prior year, contributing to a significant EBITDA turnaround from a loss to a profit of $1.2 million in Q4. The company's backlog also grew by 9.6% to $104 million as of Dec. 31, 2022. While operating expenses increased by 22.6% year-over-year due to R&D and sales engineering investments, management remains optimistic about growth and improved operations.
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