secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001437749-23-013542
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nortech Systems Q1 revenue $34.9M (+13.6%); EPS $0.23 vs $0.05; gross margin 15.7%
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- Revenue $34.9M, up 13.6% YoY; gross margin 15.7%, up 2.5 percentage points.
- GAAP net income $0.7M ($0.23 diluted EPS) vs $0.1M ($0.05) in Q1 2022.
- Adjusted EBITDA $1.5M, up 143% from $0.6M in prior-year quarter.
- LTM revenue $138M and adjusted EBITDA $6.7M.
- Eight consecutive quarters of YoY growth in sales, gross profit, gross margin and EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000143774923013542/0001437749-23-013542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000143774923013542/nsys20230509_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013542

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