MINNEAPOLIS – Nortech Systems reported net sales of $27.3 million for the second quarter, down 4.2% year-over-year.

Net loss was $1.6 million, compared to net income for second quarter of 2018 of $400,000. Operating loss was $1.2 million, compared to operating income of $700,000 in the same period last year.

As of June 30, Nortech’s backlog was $58.7 million, compared to $40.1 million on the same date in 2018.

“While our second quarter revenue met our expectations, our margins were negatively impacted by a higher mix of customer shipments with low margins, and operational inefficiencies incurred managing component shortages,” said Jay D. Miller, president and CEO. “We are working closely with our customers and our supplier partners to mitigate lower margin shipments and the effects of component shortages. We expect to deliver on our backlog for the remainder of the year, which is the highest backlog we have had in recent history. Our operating expenses increased compared to prior year while we completed the implementation of our global ERP.”

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