earnings
confidence high
sentiment negative
materiality 0.65
Nortech Systems Q1 net loss of $1.3M; revenue down 21% to $26.9M
NORTECH SYSTEMS INC
2025-Q1 EPS reported
-$0.48
revenue$13,406,000
- Net sales $26.9M, down 21.4% YoY from $34.2M; net loss of $1.3M ($0.48 diluted loss).
- Adjusted EBITDA loss of $1.0M vs $1.6M positive in prior year; backlog $26.7M at quarter end.
- Gross profit fell 43.5% to $3.1M; operating expenses rose 9.3% to $4.7M.
- Management cites delays in defense customer approvals for facility transfers; expects to clear majority in Q2 2025.