NSYS Earnings Prediction
The chart below shows how NSYS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NSYS sees a +5.71% change in stock price 10 days leading up to the earnings, and a +4.79% change 10 days following the report. On the earnings day itself, the stock moves by -1.21%. This data can give you a slight idea of what to expect for the next quarter's release.
NSYS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
31.41M
-5.88%
-7.33%
Gross Margin
12.21%
-23.40%
-10.35%
Operating Margin
-0.93%
-127.60%
-172.66%
Net Margin
-2.35%
-164.92%
-610.87%
EPS
-0.27
-164.29%
-640.00%
No Data Available
NSYS Earnings Analysis
Nortech Systems Inc Corporation (NSYS.O) Earnings Conference Call
Positive
Net Sales Decline: Net sales for the third quarter of 2024 totaled $31.4 million, representing a 5.9% decrease in net sales of $33.4 million in the third quarter of 2023.
Net Sales Decline: For the nine months ended September 30, 2024, net sales were $99.5 million as compared with $103.3 million in the same prior year period, a decrease of 3.6%.
Gross Profit Decline: Third quarter 2024 gross profit totaled $3.8 million or 12.2% of net sales compared with gross profit of $5.3 million or 15.9% of net sales in the same prior year quarter.
Gross Profit Comparison: For the first nine months of 2024, we realized a gross profit of $13.9 million or 14% of net sales as compared with $16.3 million or 15.8% of net sales in the first nine months of '23.
Quarterly Adjusted EBITDA Comparison: Adjusted EBITDA for the quarter ended September 30, 2024 was $143,000 as compared with $1.6 million for the same period in '23.
Negative
Net Sales Decline: Net sales for the third quarter of 2024 totaled $31.4 million, representing a 5.9% decrease in net sales of $33.4 million in the third quarter of 2023.
Net Sales Decline: For the nine months ended September 30, 2024, net sales were $99.5 million as compared with $103.3 million in the same prior year period, a decrease of 3.6%.
Industrial Market Challenges: During 2024, we realized headwinds with our industrial customers as a result of softness in this market, which is similar to results published by other contract manufacturers, as well as delayed product launches.
Gross Profit Decline: Third quarter 2024 gross profit totaled $3.8 million or 12.2% of net sales compared with gross profit of $5.3 million or 15.9% of net sales in the same prior year quarter.
Gross Profit Comparison: For the first nine months of 2024, we realized a gross profit of $13.9 million or 14% of net sales as compared with $16.3 million or 15.8% of net sales in the first nine months of '23.
NSYS FAQs
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NSYS Earning Call Sentiment
Nortech Systems Incorporated (NSYS) Q3 2024 Earnings Call Transcript
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NSYS.O
0.2%Positive
The earnings call reveals several negative indicators: a decline in net sales and gross profit, reduced EBITDA, and cash flow challenges. Despite strategic initiatives like facility consolidation and technological innovation, these financial weaknesses and market softness overshadow potential positive impacts. The absence of a share repurchase program and lack of strong guidance further contribute to a negative sentiment. Additionally, no significant positive insights were gained from the Q&A section. Without a market cap, the prediction is based on these factors, leading to a likely negative stock price movement of -2% to -8%.