Nortech Systems Q4 revenue up 6.4% to $35.6M; full-year EBITDA $5.8M vs loss

NORTECH SYSTEMS INC

Q4 revenue $35.6M (up 6.4% YoY); gross margin 14.3% (up from 8.0%).
Full-year revenue $134.1M (+16.5%); EBITDA $5.8M vs ($0.2M) loss in 2021.
Backlog $104M at Dec 31, 2022, up 9.6% from prior year.
Full-year gross margin 15.3% (adjusted for 2021 ERC: 9.7%).
Management cites supply chain improvement and pricing actions.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTECH SYSTEMS INC reported financial results for the fiscal year ended December 31, 2022.

Period: the fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

The Registrant issued a news release on March 16, 2023, entitled "Nortech Systems Announces 2022 Fourth Quarter and Full Year Results" regarding its consolidated fiscal year results and financial condition. A copy of this news release is attached hereto as Exhibit 99.1.

View on SEC.gov

9 earnings releases filed in the last 30 days. Browse all earnings releases →

NORTECH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001437749-23-006937

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.