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Nortech Systems Incorporated held its Q3 2024 earnings call, where executives discussed operational updates and future outlook. The call featured insights from CEO Jay Miller and CFO Andrew LaFrence, who reviewed the company's financial performance and strategic initiatives. Forward-looking statements highlighted potential risks and uncertainties affecting expected sales and earnings.
The discussion emphasized the importance of adapting to new market conditions and leveraging technology for customer solutions. Nortech's financial results included a GAAP EPS of -$0.27 and revenue of $31.4 million, indicating challenges in the current economic environment. The company also announced a stock buyback plan, reflecting confidence in its long-term strategy.
• Nortech reported a GAAP EPS of -$0.27 for Q3 2024.
• The company announced a stock buyback plan to enhance shareholder value.
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