Detail akcie Nortech Sys online

Business Summary: Nortech Systems, Inc. is a provider of design and manufacturing solutions for complex electromedical devices, electromechanical systems, assemblies, and components. The Company’s design services span concept development to commercial design, and include medical device, software, electrical, mechanical, and biomedical engineering. It offers a range of value-added engineering, technical and manufacturing services and support, including project management, designing, testing, prototyping, manufacturing, supply chain management and post-market services. Its manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electromechanical assemblies. All of its operations fall under the Contract Manufacturing segment within the Electronic Manufacturing Services (EMS) industry. Its customers are original equipment manufacturers (OEMs) in the medical, aerospace and defense, and industrial markets.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Nortech Systems Inc revenues increased 4% to $139.3M. Net income increased from $2M to $6.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Research and Development Expenses decrease of 18% to $1.2M (expense), Selling expenses decrease of 3% to $3.6M (expense).