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Nortech Systems Inc  (NSYS)
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EARNINGS REPORT by CSIMarket

Income Positive Again, Sales Down Slightly

Nortech Systems Inc announced first quarter 2020 operating income of $0.391 millions

Company has managed to turn into profitability on declining sales, eps was at $0.05 in the first quarter 2020 but Sales declined by -2.57 % to $27 millions compare to previous year quarter.

From preceding quarter, from $0.00 per share and Sales deteriorated by -10.96 % from $31 millions.

Company achieved net income of $0.137 millions in the first quarter 2020 an improvement versus a net loss of $-0.363 millions in the same quarter a year ago. Nortech Systems Inc also emphasized it's improving profit margins, where net margin rose to 0.5% in first quarter 2020, and operating margin edged up to 1.42%.


Nortech Systems Inc is expected to report next financial results on August 03, 2020.


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Other NSYS's Earnings Reports

Nortech Systems Inc reported fourth quarter 2019 earnings

Nortech Systems Inc reported third quarter 2019 earnings

Nortech Systems Inc reported second quarter 2019 earnings

       
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