NSYS - Nortech Systems GAAP EPS of $0.22 revenue of $35M

2023-08-09 16:53:09 ET

• Nortech Systems press release ( NASDAQ: NSYS ): Q2 GAAP EPS of $0.22.
• Revenue of $35M (+7.7% Y/Y).
• Generally Accepted Accounting Principles net income of $0.6 million, or $0.22 per diluted share, compared to net income of $0.7 million, or $0.25 per diluted share, in the same period in 2022.
• Gross margin of 15.6%, up 20 basis points from gross margin of 15.4% in the second quarter of 2022.
• Earnings before interest, taxes, depreciation and amortization of $1.6 million, up from EBITDA of $1.5 million in the prior-year period.
• Second quarter bookings of $37 million, the highest level in last 4 quarters.
• Quarter-end backlog of $101 million as of June 30, 2023, up $2 million from the prior quarter end.

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