{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-010259","form_type":"8-K","ticker":"NSYS","cik":"0000722313","company_name":"NORTECH SYSTEMS INC","filed_at":"2025-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.105021+00:00","generated_at":"2026-05-21T11:27:41.095868+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Nortech Systems Q1 net loss of $1.3M; revenue down 21% to $26.9M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-010259","json":"https://secwatch.observer/filing/0001641172-25-010259.json","markdown":"https://secwatch.observer/filing/0001641172-25-010259.md","text":"https://secwatch.observer/filing/0001641172-25-010259.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/722313/000164117225010259/0001641172-25-010259-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/722313/000164117225010259/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T11:27:41.095868+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"}