{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-043921","form_type":"8-K","ticker":"NSYS","cik":"0000722313","company_name":"NORTECH SYSTEMS INC","filed_at":"2024-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.911124+00:00","generated_at":"2026-05-30T04:05:19.399000+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nortech Systems Q3 net loss of $739K; sales down 5.9% YoY to $31.4M","bullets":["Net sales of $31.4M, down 5.9% from $33.4M in Q3 2023; net loss of ($739K) vs net income of $1.2M.","Adjusted EBITDA fell to $143K from $1.6M; gross profit down 27.9% to $3.8M.","Operating expenses up 4.5%; 90-day backlog of $29.6M as of Sept 30, 2024.","Management cites customers delaying purchases and reducing inventory as headwinds.","Restructuring includes consolidating facilities and moving programs to lower-cost locations."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-043921","json":"https://secwatch.observer/filing/0001493152-24-043921.json","markdown":"https://secwatch.observer/filing/0001493152-24-043921.md","text":"https://secwatch.observer/filing/0001493152-24-043921.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/722313/000149315224043921/0001493152-24-043921-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/722313/000149315224043921/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T04:05:19.399000+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}