Nortech Systems Q4 net sales $28.6M, net loss $1.5M; defense delay cited

NORTECH SYSTEMS INC

2025-Q1 EPS reported -$0.48 revenue$13,406,000

Net sales $28.6M (-20.6% YoY); net loss $1.5M vs $4.4M profit in Q4 2023.
Adjusted EBITDA loss of $585K; full-year 2024 net loss $1.3M vs $6.9M profit.
Defense customer approval delays for facility transfers from closed Blue Earth plant impacted Q4 sales.
90-day backlog $26.5M; majority of approval backlog expected to clear in Q2 2025.
Restructuring consolidates North American footprint; fiber optics R&D investment ongoing.

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