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Nortech Systems Inc. (NSYS)
NASDAQ:NSYS
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.26Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 31, 2025
|% Change Since: -10.00%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call outlined several strategic initiatives and technological innovations that position Nortech for long-term growth. However, the current financial performance, including significant declines in sales, gross profit, and EBITDA, presents challenges. The company is actively managing costs and optimizing operations, but the immediate financial outlook remains pressured by these declines.Company Guidance
During the Nortech Systems Incorporated Fourth Quarter 2024 Earnings Conference Call, the company provided guidance on several key metrics. The net sales for Q4 2024 were reported at $28.6 million, a decrease from $36.1 million in Q4 2023, reflecting a 20.6% decline. The annual net sales for 2024 were $128.1 million, down 8% from $139.3 million in 2023. Adjusted EBITDA for Q4 2024 was a negative $585,000, contrasting with a positive $3.2 million in Q4 2023, while the year-end 2024 adjusted EBITDA was $2.1 million, down from $8 million in 2023. The company highlighted a $1.6 million annual saving from facility optimizations and plans to reduce inventory investment by several million in 2025. Additionally, Nortech is focused on enhancing its engineering and product innovation capabilities, including the launch of its EBX and AOX fiber optic technologies, to drive future growth and align with sustainability goals.Cost Reduction and Facility Optimization
Nortech completed a 30% reduction in Maple Grove lease space and the Blue Earth closure, resulting in at least $1.6 million in annual savings starting in 2025.
Strategic Nearshoring and Customer Partnership
Nortech has been engaging in strategic discussions with customers around nearshoring, shorter lead times, and deeper partnerships as part of a long-term growth strategy.
Innovation in Fiber Optic Technology
Nortech announced advancements in fiber optic technology with products like Expanded Beam Extreme Fiber-Optic Technology (EBX) and Active Optical Extreme (AOX), which improve digital data transmission and are aligned with industry trends towards efficient, reliable solutions.
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NSYS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NSYS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 31, 2025 | $10.00 | $9.50 | -5.00% |
| Nov 07, 2024 | $11.80 | $10.24 | -13.22% |
| Aug 08, 2024 | $13.77 | $13.10 | -4.87% |
| May 16, 2024 | $12.07 | $11.36 | -5.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nortech Systems Inc. (NSYS) report earnings?
Nortech Systems Inc. (NSYS) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Nortech Systems Inc. (NSYS) earnings time?
Nortech Systems Inc. (NSYS) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NSYS EPS forecast?
Currently, no data Available
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