secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001437749-23-006937
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000143774923006937/0001437749-23-006937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000143774923006937/nsys20230316_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-006937

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