Nortech Systems Incorporated (NSYS) Q2 2023 Earnings Call Transcript

Nortech Systems Incorporated (NASDAQ:NSYS) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET

Company Participants

Alan Nordstrom – Acting, CFO

Jay Miller – President and CEO

Conference Call Participants


Good afternoon, ladies and gentlemen, and welcome to the Nortech Systems’ Second Quarter 2023 Earnings Conference Call. With me on the line today are Jay Miller, President and Chief Executive Officer; and Alan Nordstrom, Acting Chief Financial Officer. [Operator Instructions]

At this time, it is my pleasure to turn the call over to Alan Nordstrom.

Alan Nordstrom

Thank you, Holly. I’d like to welcome everyone to today’s conference call. Jay will begin this call with a review of our business, current trends and several strategic initiatives. Then I will review Nortech’s Q2 2023 financial results before turning it back over to Jay for his closing comments. Then we’ll open up the call for your questions.

So before we continue, please note that statements made during this call and Q&A session may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include expected revenue, gross profit, gross margin, EBITDA, free cash flow, net income, financial performance, future plans, developing technologies, opportunities and other company expectations. These estimates, plans and other forward-looking statements involve unknown and known risks and uncertainties that may cause actual results to differ materially from those expressed or implied on this call.

These risks, including those that are detailed in our most recent Form 10-K and most recent Form 10-Q filed with the SEC, may be amended or supplemented. These statements made during this conference call are based upon information known by Nortech as of the date and time of this call, and we assume no obligation to update the information in today’s call. You can find Nortech’s complete safe harbor statements in

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