secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2025-05-14T23:59:59+00:00
Accession:  0001641172-25-010259
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nortech Systems Q1 net loss of $1.3M; revenue down 21% to $26.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000164117225010259/0001641172-25-010259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000164117225010259/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-010259

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