secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001437749-21-026374
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nortech Systems Q3 revenue $29.5M (+11.7%), net income $3.6M on $5.2M ERC
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- Net sales $29.5M, up 11.7% YoY from $26.4M; net income $3.6M ($1.24 diluted) vs $2.0M ($0.73) a year ago.
- Record backlog of $79M, up 72% vs September 2020; monthly bookings remain strong.
- Q3 results include $5.2M Employee Retention Credit reduction to payroll tax expense; cash not yet received.
- CEO expects improved Q4 results; backlog supports growth through 2022.
- Operating results in Q3 2020 included $3.8M gain from sale-leaseback of two Minnesota facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000143774921026374/0001437749-21-026374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000143774921026374/nsys20211110_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-026374

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer