Nortech Systems Reports Q1 Results


Reading time ( words)

Nortech Systems Incorporated reported net sales of $28.2 million for the first quarter ended March 31, 2019, compared with $26.4 million for the first quarter of 2018. 

Operating loss for the first quarter of 2019 was $104,000, which compares with an operating loss of $120,000 for the first quarter of 2018. Net loss for the first quarter of 2019 was $363,000, or $0.14 per diluted common share. This compares with a net loss for first quarter of 2018 of $391,000, or $0.14 per diluted common share. 

The mission of Nortech Systems is to be the most trusted, innovative, and nimble design and manufacturing services and solutions provider, while taking great care of its employees, customers, and supplier partners.

About Nortech Systems Incorporated

Nortech Systems is a leading provider of design and manufacturing solutions for complex electromechanical systems, assemblies, and components. Nortech Systems primarily serves the medical, aerospace & defense, and industrial markets.  Its design services span concept development to commercial design, and include software, electrical, mechanical, and biomedical engineering.  Its manufacturing and supply chain capabilities are vertically integrated around wire/cable/interconnect assemblies, printed circuit board assemblies, as well as system-level assembly, integration, and final test. Headquartered in Maple Grove, Minn., Nortech currently has seven manufacturing locations and design centers across the U.S., Latin America, and Asia.  Nortech Systems is traded on the NASDAQ Stock Market under the symbol NSYS. 

Share

Print


Suggested Items

The Role of Parylene Conformal Coatings in Next-gen Electronics

08/19/2019 | Tim Seifert, Specialty Coating Systems
Designers and manufacturers of electronics are under pressure to make packages smaller, lighter, and more environmentally friendly, while ensuring that their new technologies perform reliably in their operating environments. This article takes a closer look at Parylene conformal coatings and the role they can play in helping manufacturers address current and future challenges in the electronics industry.

Names to Know: Up and Comers in U.S. Congress

08/14/2019 | Ken Schramko, IPC Senior Director, North American Government Relations
When major news occurs in the U.S. Congress, you usually hear the names of top congressional leaders such as House Speaker Nancy Pelosi (D-CA) or Senate Majority Leader Mitch McConnell (R-KY).

Zentech's Mission-critical Tips for Program Success

05/03/2019 | Nolan Johnson, I-Connect007
Nolan Johnson and John Vaughan, I-Connect007 columnist and VP of sales and marketing at Zentech Manufacturing, discuss how to make customer programs successful through early communication, complete design packages, and more from a company servicing mission- and life-critical industries, including military, aerospace, and medical.



Copyright © 2019 I-Connect007. All rights reserved.