{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-022734","form_type":"8-K","ticker":"NSYS","cik":"0000722313","company_name":"NORTECH SYSTEMS INC","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.502117+00:00","generated_at":"2026-06-11T23:48:53.528799+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Nortech Systems Q2 revenue $35M (+7.7% YoY); EPS $0.22; bookings $37M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-022734","json":"https://secwatch.observer/filing/0001437749-23-022734.json","markdown":"https://secwatch.observer/filing/0001437749-23-022734.md","text":"https://secwatch.observer/filing/0001437749-23-022734.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/722313/000143774923022734/0001437749-23-022734-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/722313/000143774923022734/nsys20230809_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T23:48:53.528799+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c3c3dba55c79ee1e94d48a63899ae82c622a8fd7","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/722313/000143774923022734/0001437749-23-022734-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$35.0 million"},{"label":"Net income","value":"$0.6 million"},{"label":"EPS","value":"$0.22 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}