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Nortech Systems Inc (NSYS.OQ)

NSYS.OQ on NASDAQ Stock Exchange Capital Market

3.25USD
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Nortech Systems Q1 loss per share $0.01
Thursday, 11 May 2017 04:10pm EDT 

May 11 (Reuters) - Nortech Systems Inc ::Nortech systems reports first quarter results.Q1 loss per share $0.01.Q1 sales $28.3 million versus $29 million.Nortech systems inc - "expect company's facilities in china and mexico to post significant revenue growth in 2017".Nortech systems inc - "by end of q1, backlog had rebounded nicely across our three core markets, rising 15 percent overall".  Full Article

Nortech Systems q4 EPS $0.04
Wednesday, 8 Mar 2017 04:34pm EST 

Nortech Systems Inc : Nortech Systems reports fourth quarter and year-end results . Q4 sales $29 million versus $31.4 million . Q4 earnings per share $0.04 . Nortech Systems Inc - company's overall 90-day backlog was $20.5 million at end of 2016 compared with $20.7 million at end of 2015 .Nortech Systems Inc - "looking ahead, we're expecting q1 to be soft".  Full Article

Nortech Systems reports Q2 shr loss $0.07
Wednesday, 3 Aug 2016 04:20pm EDT 

Nortech Systems Inc : Nortech systems reports second quarter results . Q2 sales rose 8 percent to $28.9 million . Q2 loss per share $0.07 . Overall backlog increased 12 percent during q2 Further company coverage: [NSYS.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Nortech Systems says to close facility in Augusta, Wisconsin
Monday, 1 Aug 2016 04:43pm EDT 

Nortech Systems Inc : Consolidation and restructuring costs are expected to become fully accretive once consolidation has been completed . Nortech systems to close facility in augusta, wisconsin . Says plans to close its manufacturing facility in augusta, wis., by end of 2016 .Consolidation, restructuring costs expected to be offset with savings and have minimal financial impact on co's 2016 results.  Full Article

Kyle Packer sent letter to Nortech Systems' board
Tuesday, 28 Jun 2016 03:33pm EDT 

Nortech Systems Inc : On June 28, 2016, sent letter to nortech systems' board - sec filing . In the letter, "attempts to have a positive impact on the company have been stymied" .In letter, nortech has failed business strategy, poor financial,operating results,shown uncanny ability to destroy shareholder value.  Full Article

Nortech Systems Inc acquires Devicix
Wednesday, 17 Jun 2015 01:09pm EDT 

Nortech Systems Inc:Says it has reached an agreement to acquire Devicix, LLC of Eden Prairie, Minn.Devicix is medical product design and engineering firm with a proven track record of helping clients move from concept to production.Addition of Devicix will enhance and broaden Nortech's capabilities for complete design, manufacturing and service, particularly for regulated medical devices.  Full Article

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BRIEF-Nortech Systems Q1 loss per share $0.01

* Nortech systems inc - "expect company's facilities in china and mexico to post significant revenue growth in 2017"

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