Discussion and analysis of NORTECH SYSTEMS INC management's financial status and operating results (Form 10-Q) | Market Screener

2021-11-12 10:51:37 By : Mr. Arnol Chin

The following table lists the operating data report as a percentage of total net sales during the indicated period:

For the three months and nine months ended September 30, 2021 and September 30, 2020, the net sales of our major EMS industry markets are as follows (in thousands):

The three months and nine months ending September 30, 2021, the net sales by time of transfer of goods and services are as follows (in thousands):

For the three months and nine months ended September 30, 2020, the net sales by time of transfer of goods and services are as follows (in thousands):

Give up loss of intangible assets

We are not engaged in any off-balance sheet activities as defined in Section 303(a)(4) of the SK Regulations.

Key accounting policies and estimates

The statements in the above report that are not historical facts are forward-looking statements made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

? Market fluctuations may affect market supply and our demand

Product or currency exchange rate;

? Supply chain disruption and unreliability caused by COVID-19;

? Lack of sufficient human resources to produce our products;

? Increased competition from within the EMS industry or OEM decisions

? Changes in the reliability and efficiency of our operating facilities or

? May affect our general economic, financial and commercial conditions

Financial status and operating performance;

? Increased costs or surprises related to securities compliance

? Disruption of global or local information management systems due to natural disasters

? Epidemic, pandemic or infectious disease outbreak, such as the recent

Affect our operations, our customers' operations, or our novel coronavirus

Please refer to our previous forward-looking statements and risks disclosed in our annual report on Form 10-K for the fiscal year ending December 31, 2020.

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