Nortech Systems (NSYS) Swings to Q3 Loss
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Nortech Systems Reports Third Quarter Results
November 4, 2015 4:39 PM ESTSales and Backlog Rise for Quarter
MINNEAPOLIS--(BUSINESS WIRE)-- Nortech Systems Inc. (NASDAQ: NSYS) today reported net sales of $30.4 million for the third quarter ended September 30, compared with net sales of $28.0 million for the third quarter of 2014, up 8.5 percent over the prior year and 13 percent sequentially. Backlog rose 23 percent during the quarter. For the nine months ended September 30, Nortechs net sales were $83.8 million, compared with $81.6 million for the same period in 2014.
Were encouraged by the sales increase and double-digit backlog growth, said Rich Wasielewski, Nortech Systems president and CEO.... More
