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Nortech Systems Incorporated  (NSYS)
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Price: $11.0720 $0.22 2.046%
Day's High: $11.08 Week Perf: -1.14 %
Day's Low: $ 10.79 30 Day Perf: -7.35 %
Volume (M): 6 52 Wk High: $ 12.60
Volume (M$): $ 64 52 Wk Avg: $9.82
Open: $11.08 52 Wk Low: $7.45



 Market Capitalization (Millions $) 32
 Shares Outstanding (Millions) 3
 Employees 740
 Revenues (TTM) (Millions $) 138
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 2

Nortech Systems Incorporated

We are an Electronic Manufacturing Services ("EMS") company with our headquarters in Maple Grove, Minnesota, a suburb of Minneapolis, Minnesota. We maintain facilities and operations in Minnesota and Wisconsin in the United States; Monterrey, Mexico; and Suzhou, China. We offer a full range of value-added engineering, technical and manufacturing services and support including project management, design, testing, prototyping, manufacturing, supply chain management and post-market services. Our manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher level electromechanical assemblies. The majority of our revenue is derived from products built to the customers design specifications.

Our breadth of manufacturing, technical expertise and experience make us attractive to our broad customer base. Our customers are original equipment manufacturers ("OEMs") in the Aerospace/Defense, Medical and Industrial/Commercial markets. The diversity in the markets we serve is an advantage in dealing with the effects of fluctuations from the economy and competition. In the design phase, we provide technical support, subject matter expertise in design for manufacturing and testing capabilities that allow our customer programs to get to production faster while meeting both their quality and cost requirements. Our customers rely on our experience and capabilities in manufacturing and supply chain to manage and reduce cost over the life cycle of their products. This requires a strong relationship with our customers based on a trusting partnership as we perform as an extension of their operations.

The EMS industry has evolved into a dynamic, high-tech global electronics contract services industry. We continue to expand our capabilities and foot print to better meet these changing market requirements. Along with offering technical expertise in our quality processes, engineering design applications and testing, we are also increasing our focus on supplier-managed inventory services and the cost drivers throughout the global supply chain. Asia expansion is designed to support global customer base and provide competitive economic alternatives for the overall business health.

We continue to pursue acquisitions, mergers, and/or joint ventures of companies in the EMS industry to increase our service offering, remain competitive, grow our customer base and increase revenues. Our strategic objectives and our history are based on both organic and acquired growth.

Our quality systems and processes are based on International Standards Organization ("ISO") standards with all facilities certified to the latest version of the ISO 9001 and/or Aerospace Systems ("AS") 9100 standards. We also have ISO 13485 certification which recognizes our quality management systems applicable to contract design, manufacture and repair of assemblies for the medical industry. Our Milaca operation is a U.S. Food and Drug Administration ("FDA") registered facility. These certifications and registrations provide our customers assurance of our capabilities and proven processes. All of our facilities are certified to one or more of the ISO/AS standards, with most having additional certifications based on the needs of the customers they serve.

We are committed to quality, cost effectiveness and responsiveness to customer requirements. To achieve these objectives we have invested in Restriction of Hazardous Substances (lead free) processing, equipment, plant capacity studies, people, enterprise resource planning systems, lean manufacturing and supply chain management techniques at our facilities. We are committed to continuous improvement and have invested in training our people to identify and act on improvement opportunities. We maintain a diversified customer base and expand into other capabilities and services when there is a fit with our core competencies and strategic vision.



   Company Address: 7550 Meridian Circle N., Suite # 150 Maple Grove 55369 MN
   Company Phone Number: 345-2244   Stock Exchange / Ticker: NASDAQ NSYS
   


   

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Nortech Systems Incorporated

Nortech Systems Incorporated: Unveiling Surprising Earnings for Q3 2023, Defying Expectations

Nortech Systems Incorporated, a company operating in the technology industry, experienced a weak fiscal period in its most recent earnings report. The company's income declined by 20.75% to $0.42 per share, and its revenue decreased by 5.548% to $33.32 million year on year. This decline in earnings and revenue is a cause for concern and warrants a closer look at the company's financial performance.
Comparing the most recent fiscal period to the previous one, there was a significant improvement in earnings per share, which soared by 90.91% from $0.22 per share. However, revenue still decreased by 3.35% from $34.47 million. The earnings of $1.207 million in the most recent fiscal period also fell by 21.32% from $1.534 million in the corresponding period a year ago.

Nortech Systems Incorporated

Nortech Systems Incorporated Surpasses Sector Rivals with Impressive 6.015% Revenue Surge in Q2 2023

Nortech Systems Incorporated, a leading player in the Electronic Instruments & Controls sector, recently reported mixed results for the April to June 30, 2023 time-frame. While the company's revenue experienced a healthy growth of 6.015% to $34.47 million compared to the previous year, its income fell by -12% to $0.22 per share. This decline in income raised concerns among investors as it was a decrease of $0.25 in comparison to the prior year quarter.
Despite the drop in income, Nortech Systems Incorporated outperformed its sector contemporaries in terms of revenue growth. While the rest of the Electronic Instruments & Controls sector reported a modest 1.36% revenue advance during the same period, Nortech Systems Incorporated managed to achieve a remarkable increase. However, there was a slight decrease of -1.187% in revenue from the preceding period, and earnings per share also dipped by -4.35%.

Nortech Systems Incorporated

From Bland to Booming: Nortech Systems Incorporated's Breathtaking Turnaround in 2023's First Quarter

Nortech Systems Incorporated appears to be enjoying impressive profit margins and revenue growth in the first quarter of 2023, according to the latest financial report. However, a closer examination of the data reveals a number of reasons why investors should be cautious about investing in this company.
For a start, the net profit per share has only increased because it is based on a low starting point. Comparing the current result to the previous year is misleading as the previous quarter saw the company suffer a loss of $-0.13 per share. The apparent 360% growth in net profit per share may be more an indication of the company clawing back from a poor quarter than actual growth.






 

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