secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001437749-23-022734
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000143774923022734/0001437749-23-022734-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000143774923022734/nsys20230809_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-022734

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