MINNEAPOLIS Nortech Systems Inc. (NASDAQ: NSYS) today reported net sales of $29.6 million for the third quarter ended September 30, which includes $1.9 million of revenue recognized under new FASB accounting guidelines adopted this fiscal year.
This compares with $28.3 million reported for the third quarter of 2017.
For the nine months ended September 30, Nortechs net sales were $84.5 million, which includes $4.2 million of revenue recognized under the new FASB guidelines.
Operating income for the third quarter was $649,000, compared with $284,000 for the third quarter of 2017.
For the nine-month period, Nortech reported operating income …
[Read on via official release]
Source: US SEC
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