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Nortech Systems Inc - NSYS STOCK NEWS

Welcome to our dedicated page for Nortech Systems news (Ticker: NSYS), a resource for investors and traders seeking the latest updates and insights on Nortech Systems stock.

Nortech Systems Inc. (NSYS) is a leading provider of electronics manufacturing services (EMS). The company specializes in producing wire and cable assemblies, printed circuit board assemblies, and diagnostic repair and integration services. Their expertise extends to higher-level assemblies and box builds tailored for a diverse range of industries. Markets served by Nortech Systems include medical, automotive, aerospace, computer peripherals, commercial, telecom, government, and consumer sectors.

Nortech Systems Inc, headquartered in the United States, is renowned for its full-service approach, offering value-added engineering, technical, and manufacturing services. Their comprehensive service spectrum encompasses project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services. This broad range enables them to provide complete solutions for their clients, from initial concept through final production and beyond.

The company operates state-of-the-art facilities equipped with advanced technology suited for customized design, manufacturing, testing, and repair processes. These high-tech facilities are pivotal in delivering quality products and services that meet the stringent demands of their clients.

Nortech Systems' core business segments include:

  • Medical Devices: Manufacturing and engineering services for complete medical devices, crucial for delivering innovative healthcare solutions.
  • Aerospace and Defense: Providing essential components and assemblies for aerospace and defense applications, ensuring reliability and performance in critical environments.
  • Industrial Markets: Offering complex electro-mechanical assemblies for various industrial applications, enhancing operational efficiency and productivity.
  • Telecom and Commercial: Supplying high-quality assemblies and components to support telecom and commercial infrastructure.

Recent achievements highlight Nortech Systems' commitment to innovation and excellence. The company continues to strengthen its market position through strategic partnerships and continuous improvements in their service delivery.

Financially, Nortech Systems maintains a robust performance track, driven by steady revenue streams primarily from their medical device and product manufacturing services. With a customer-centric approach, advanced technical capabilities, and a focus on quality, Nortech Systems Inc. remains a vital player in the EMS industry, committed to delivering exceptional value to their clients.

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Nortech Systems Incorporated (NSYS) reports a strong performance in 2023 with a nearly 4% increase in net sales, a 130 basis points rise in gross margin, and EBITDA up by 38.2% from the prior year. The company's net income surged to $6.9 million, reflecting a significant improvement over the previous year. Nortech's management is optimistic about the future, citing positive industry trends, normalized customer demand, and strategic investments in new technologies.
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Nortech Systems Incorporated (NSYS) will host a conference call to discuss fourth-quarter financial results. The call will be led by CEO Jay Miller and CFO Andrew LaFrence. US participants can call 888-506-0062, international participants 973-528-0011. Access the webcast at https://www.webcaster4.com/Webcast/Page/2814/50217.
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Nortech Systems Incorporated (Nasdaq: NSYS) announces the expansion of its fiber optic technologies with the addition of Expanded Beam Xtreme (EBX) technology. This revolutionary technology utilizes expanded beam connectors to provide superior performance and reliability, making it ideal for medical, industrial, aerospace, and defense applications. The company's CEO, Jay D. Miller, expressed excitement over the latest innovation, emphasizing the ability to flawlessly integrate fiber optic technology, including EBX, into complex cable assemblies. Nortech Systems' investment in a state-of-the-art clean room dedicated to advancing fiber optic technology research and development demonstrates its commitment to meeting the evolving needs of customers.
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Nortech Systems, Inc. (NSYS) welcomes Andrew LaFrence as the new CFO and Senior Vice President of Finance. LaFrence will oversee the company’s financial operations and strategic planning, bringing extensive experience in executive leadership and strategic business planning. Nortech's recent investments and focus on growing EBITDA have diversified capabilities and improved efficiencies, supporting future growth. With 30 years of history and expertise in digital connectivity, Nortech is well-positioned for continued success and growth.
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Nortech Systems Incorporated (NSYS) Reports 2023 Third Quarter Results: Revenue Down 5.4%, Gross Margin Up, Year-to-Date Revenue Increased by 4.8%
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Nortech Systems Incorporated (Nasdaq: NSYS) has announced the addition of two new members, Amy Fredregill and Jose Peris, to its board of directors. Both members bring extensive experience and expertise to the board and will contribute to driving shareholder value. Amy Fredregill has over 25 years of experience advising energy, food, agricultural companies, and governmental entities. Jose Peris has a strong background in finance and wealth management. Nortech Chairman, David Kunin, expressed excitement about the new additions and their potential contributions to Nortech's future endeavors in ESG, greentech, medtech, and digital data connectivity and transformation.
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Nortech Systems to hold conference call on November 8, 2023, to discuss Q3 financial results.
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Nortech Systems' Suzhou facility receives certification to produce Class II Medical Devices for customers in Asia.
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Nortech Systems Incorporated (NSYS) Reports 7.7% Revenue Growth in Q2 2023. The company's Q2 2023 results show a 7.7% increase in revenue to $35.0 million, with a first half revenue of $69.9 million, up 10.6% from the prior-year period. GAAP net income was $0.6 million, or $0.22 per diluted share, compared to $0.7 million, or $0.25 per diluted share, in the same period in 2022. The gross margin was 15.6%, up 20 basis points from the second quarter of 2022. EBITDA was $1.6 million, up from $1.5 million in the prior-year period. The company also experienced the highest level of bookings in the last 4 quarters, with a quarter-end backlog of $101 million as of June 30, 2023.
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FAQ

What is the current stock price of Nortech Systems (NSYS)?

The current stock price of Nortech Systems (NSYS) is $10.211 as of November 7, 2024.

What is the market cap of Nortech Systems (NSYS)?

The market cap of Nortech Systems (NSYS) is approximately 30.4M.

What does Nortech Systems Inc. specialize in?

Nortech Systems Inc. specializes in electronics manufacturing services, including wire and cable assemblies, printed circuit board assemblies, and diagnostic repair services.

Which industries does Nortech Systems serve?

Nortech Systems serves medical, automotive, aerospace, computer peripherals, commercial, telecom, government, and consumer industries.

What services does Nortech Systems offer?

Nortech Systems offers project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services.

Where is Nortech Systems Inc. based?

Nortech Systems Inc. is based in the United States.

What is the primary source of revenue for Nortech Systems?

The primary source of revenue for Nortech Systems is from medical device and product manufacturing and related engineering services.

What are some recent achievements of Nortech Systems?

Recent achievements of Nortech Systems include strategic partnerships and continuous improvements in their service delivery.

What types of assemblies does Nortech Systems produce?

Nortech Systems produces wire and cable assemblies, printed circuit board assemblies, and complex higher-level electro-mechanical assemblies.

What sets Nortech Systems apart in the EMS industry?

Nortech Systems' customer-centric approach, advanced technical capabilities, and focus on quality set them apart in the EMS industry.

What is the significance of Nortech Systems' facilities?

Nortech Systems' high-tech facilities enable customized design, manufacturing, testing, and repair processes, ensuring quality and efficiency.

Which market segments contribute to Nortech Systems' business?

Nortech Systems' business segments include medical devices, aerospace and defense, industrial markets, and telecom and commercial sectors.

Nortech Systems Inc

Nasdaq:NSYS

NSYS Rankings

NSYS Stock Data

30.38M
2.76M
64.96%
5.1%
0.22%
Medical Devices
Electronic Components, Nec
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United States of America
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