Detail akcie Nortech Sys online

Business Summary: Nortech Systems, Inc. is a provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. The Company’s design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. It offers a range of value-added engineering, technical and manufacturing services and support, including project management, designing, testing, prototyping, manufacturing, supply chain management and post-market services. Its manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electromechanical assemblies. All of its operations fall under the Contract Manufacturing segment within the Electronic Manufacturing Services (EMS) industry. Its customers are original equipment manufacturers (OEMs) in the medical, aerospace and defense, and industrial markets.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Nortech Systems Inc revenues decreased 2% to $34.2M. Net income increased 12% to $765K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects General and Administrative Expenses decrease of 3% to $3.2M (expense), Selling Expenses decrease of 10% to $805K (expense).