Nortech Systems Q1 Net Sales Rise 12.7% to $30.3 Million; Net Loss Narrows Sharply
Nortech Systems reported first quarter 2026 results, with net sales up 12.7% to $30.3 million and a net loss of $34 thousand, or $(0.01) per share, compared with a $1.3 million loss, or $(0.48) per share, a year earlier. Revenue growth and a much smaller loss improve the picture for shareholders, while the company also closed $17.2 million in debt financing and reported a total backlog of $90.8 million.
Key points
- Net sales were $30.3 million in Q1 2026, up from $26.9 million in Q1 2025.
- Net loss narrowed to $34 thousand, or $(0.01) per basic share, from $1.3 million, or $(0.48) per share.
- Adjusted EBITDA was $350 thousand, compared with a $(1.0) million loss in Q1 2025.
- 90-day backlog was $31.5 million as of March 31, 2026, up from $26.7 million a year earlier.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.