Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of business and is important item when evaluating financial statements of a company. Revenues from a firm's main business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can includes product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Nortech Revenue Assessment
Based on latest financial disclosure Nortech Systems Inc reported 106.79 M of revenue. This is 98.93% lower than that of Technology sector, and 99.54% lower than that of Diversified Electronics industry, The Revenue for all stocks is 98.95% higher than the company.
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Nortech Systems Inc is rated below average in revenue category among related companies. Market size based on revenue of Diversified Electronics industry is now estimated at about 83.88 Billion. Nortech adds roughly 106.79 Million in revenue claiming only tiny portion of equities under Diversified Electronics industry.
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