Nortech Systems, Inc. (NSYS) Reports Q3 EPS of $0.14
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Nortech Systems Reports Third Quarter Results
November 14, 2018 4:10 PM ESTMINNEAPOLIS--(BUSINESS WIRE)-- Nortech Systems Inc. (NASDAQ: NSYS) today reported net sales of $29.6 million for the third quarter ended September 30, which includes $1.9 million of revenue recognized under new FASB accounting guidelines adopted this fiscal year. This compares with $28.3 million reported for the third quarter of 2017. On a pro forma basis to adjust for this change in accounting guidance, sales were $27.7 million for the third quarter of 2018.
For the nine months ended September 30, Nortechs net sales were $84.5 million, which includes $4.2 million of revenue recognized under the new FASB guidelines. For the comparable period in 2017, net sales were... More
