secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001437749-22-027000
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 $35.3M (+19.8%); EBITDA $2.4M, triple adjusted prior year
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- Revenue $35.3M (+19.8% YoY); gross margin 17.9% vs adjusted 11.4% prior year.
- EBITDA $2.4M, up from adjusted $0.7M in Q3 2021; net income $1.5M ($0.53 diluted).
- Backlog $103M, up 31% vs Sept 30, 2021.
- Received patent for Flex Faraday Xtreme flexible printed circuit technology.
- Investing in R&D for AOX cable platform; upgrading IT/HR/analytical capabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000143774922027000/0001437749-22-027000-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000143774922027000/nsys20221111_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-027000

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