Nortech Systems, Inc. (NSYS) Posts Smaller Q2 Loss on Higher Revs
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Nortech Systems Reports Second Quarter Results
August 3, 2016 4:21 PM EDTRevenue up Eight Percent, Improved Operating Performance
MINNEAPOLIS--(BUSINESS WIRE)-- Nortech Systems Incorporated (NASDAQ: NSYS) today reported net sales of $28.9 million for the second quarter ended June 30, 2016, an eight percent increase over net sales of $26.8 million for the second quarter of 2015. For the six months ended June 30, 2016, Nortech Systems net sales increased nine percent to $57.9 million, compared with $53.3 million for the same period in 2015.
For the second quarter of 2016, Nortech Systems reported an operating loss of $110,000, an improvement of $373,000 compared to the prior-year period. For the first six months of 2016, Nortech Systems... More
