secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001437749-22-011875
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nortech Systems Q1 revenue up 39% to $30.7M; net income $138k vs loss a year ago
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- Revenue $30.7M, up 39% YoY; net income $138k ($0.05 EPS) vs net loss ($1.6M) in Q1 2021.
- Gross margin 13.2%, improved 6.1 percentage points from 7.1% on higher volume and pricing.
- Adjusted EBITDA $640k vs ($1.5M) loss; backlog $97.6M, up over 55% YoY.
- R&D expense $0.3M in Q1 2022 for new AOX cable platform investment.
- Management cites supply-chain mitigation and pricing adjustments; optimistic for remainder of 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000143774922011875/0001437749-22-011875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000143774922011875/nsys20220511_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-011875

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