Nortech Systems Incorporated
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $33.6M
- Price
- $12.06
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.99%
- Volume
- 23.1K
About
Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services. The company also provides manufacturing and engineering services for medical devices, printed circuit board assemblies, wire and cable assemblies, and higher-level electromechanical assemblies. In addition, it offers engineering and repair services. The company serves original equipment manufacturers in the aerospace and defense, medical, and industrial markets through business development teams and independent manufacturers' representatives. Nortech Systems Incorporated was founded in 1990 and is headquartered in Maple Grove, Minnesota.
Quick stats
Shares outstanding2.8M
Computed float748.7K
Float / shares26.9%
Key info
SectorHealthcare
IndustryMedical - Devices
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000722313
Websitehttps://www.nortechsys.com
AI Summary
AI-generated1/6
majorbullishearnings
Nortech Systems Reports Second Quarter Results
Nortech Systems reported Q2 revenue of $33.5 million, up 9.3% year-over-year, with total backlog increasing 20% to $93.8 million, indicating strong future demand in aerospace, defense, and medical markets.
Net income was $316 thousand, or $0.11 per share, while adjusted EBITDA decreased to $938 thousand from $1.1 million in the prior year due to higher operating expenses.
Management cited improved gross margins and disciplined execution, positioning the company to convert strong customer engagement into sustainable growth in the second half of the year.
Red flags
- Operating expenses increased 24.1% YoY, outpacing the 9.3% revenue growth
- Adjusted EBITDA declined 12.6% YoY to $938 thousand