Nortech Systems(NSYS) - 2023 Q4 - Annual Results

Exhibit 99.1 Nortech Systems Reports Fourth Quarter and Full Year 2023 Results Full Year Net Sales Up Nearly 4% from Prior Year; Gross Margin Increase 130 Basis Points from Prior Year EBITDA Increases to $8.0 million, Up 38.2% from Prior Year Management Commentary "As expected, we ended 2023 strong, including record revenue both in the fourth quarter and the year, continued expense management and solid margins," said Jay D. Miller, President and CEO of Nortech. "We saw encouraging normalization trends in su ...