Nortech Systems Q2 revenue $35M (+7.7% YoY); EPS $0.22; bookings $37M

NORTECH SYSTEMS INC

2023-Q2 EPS reported $0.46 revenue$69,909,000

GAAP net income $0.6M ($0.22 diluted EPS) vs $0.7M ($0.25) in Q2 2022.
Gross margin improved to 15.6% from 15.4% YoY; EBITDA $1.6M (+6.7% YoY).
Q2 bookings of $37M, highest in four quarters; backlog $101M (+$2M QoQ).
Year-to-date revenue $69.9M (+10.6%); net income $1.3M (+58.6% vs H1 2022).
Supply chain disruptions subsiding; management remains cautiously optimistic.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTECH SYSTEMS INC reported the second quarter ended June 30, 2023 results: revenue $35.0 million, net income $0.6 million, EPS $0.22 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $35.0 million
Net income: $0.6 million
EPS: $0.22 per diluted share
Result: reported results

Exact text from the filing

serving the medical, industrial and defense markets, reported 2023 second quarter results for the period ended June 30, 2023. 2023 Second Quarter Highlights: ● Revenue of $35.0 million, up 7.7% from the prior-year period. First half revenue $69.9 million up 10.6% from prior-year period. ● Generally Accepted Accounting Principles (GAAP) net income of $0.6

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

NORTECH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001437749-23-022734

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