GlobeNewswire·May 13, 2026, 4:35 PM ET

Nortech Systems Reports First Quarter Results

Nortech Systems Incorporated reported Q1 2026 net sales of $30.3 million, a 12.7% increase from $26.9 million in Q1 2025.
The Company recorded a net loss of $34 thousand ($0.01 per share) for Q1 2026, a significant improvement from a $1.316 million loss ($0.48 per share) in Q1 2025.
Adjusted EBITDA turned positive at $350 thousand in Q1 2026, compared to a $1.0 million loss in the prior year period.
The 90-day backlog reached $31.5 million as of March 31, 2026, up from $26.7 million the previous year.
Total backlog stood at $90.8 million as of March 31, 2026.
Nortech closed on $17.2 million in new debt financing in March 2026 to support operations.
Gross profit improved by 52.8% to $4.702 million in Q1 2026, driven by strategic restructuring \& operational efficiency.
Management noted continued growth in the Aerospace \& Defense segment \& the successful transfer of programs to optimized facilities.
A live conference call is scheduled for May 14, 2026, at 3:30 p.m. central time to discuss results with CEO Jay D. Miller \& CFO Andrew D. C. LaFrence.
Cash and restricted cash increased to $2.208 million as of March 31, 2026, from $1.162 million in the same period last year.