4 - M-tron Industries, Inc. (0001902314) (Issuer)
Revenues increased 21.4%, or $2,326,000, to $13,214,000 for the three months ended September 30, 2024 from $10,888,000 for the three months ended September 30, 2023 Gross margin increased 500 basis points to 47.8% for the three months ended September 30, 2024 from 42.8% for the three months ended September 30, 2023 Net income per diluted share increased 42.1%, or $0.24, to $0.81 for the three months ended September 30, 2024 from $0.57 for the three months ended September 30, 2023 MtronPTI anticipates a strong performance in Q4 2024 and expects to exceed its prior guidance for FY 2024 M-tron Industries, Inc. (NYSE:MPTI) ("MtronPTI" or the "Company"), a designer and manufacturer
M-tron Industries, Inc. (NYSE:MPTI) ("MtronPTI" or the "Company") will report financial results for the third quarter ended September 30, 2024, after the market closes on Wednesday, November 13, 2024. MtronPTI's press release will be available on the Investor Relations website at ir.mtronpti.com. MtronPTI will also host a conference call on Thursday, November 14, 2024, at 10:30 a.m. ET to review these results. To access the conference call, please use the dial-in information below: Toll Free Dial-in Number: (800) 715-9871 Toll Dial-in Number: +1 (646) 307-1963 Conference ID: 1795619 An archive will be available after the call on the Events and Prese
M-tron Industries, Inc. (NYSE:MPTI) ("MtronPTI" or the "Company"), a designer and manufacturer of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, today announced the appointment of Cameron Pforr as Chief Financial Officer, effective October 3, 2024. MtronPTI, which produces radio frequency ("RF") solutions key to our nation's defense, continues to perform well and believes that it will meet or exceed its improved fiscal year 2024 guidance of revenues in the range of $46.0 million to $48.0 million with EBITDA in the 19% to 21% range. The Company reported second quarter results on August 14, 2024, including revenue of $11,808
M-tron Industries, Inc. (NYSE:MPTI) ("MtronPTI" or the "Company") announced members of MtronPTI management, including Michael Ferrantino, Chief Executive Officer, and Cameron Pforr, Vice President – Strategy, will present and host one-on-one meetings with investors at the Sidoti September Virtual Investor Conference, taking place on Wednesday and Thursday, September 18 - 19, 2024, featuring a range of compelling presentations from various small-cap companies. The presentation will begin at 8:30 am Eastern Time (US and Canada) on September 18, 2024, and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_Dv9DFPpSSKGevr4Wv12SmQ. MtronPTI will also host virtual one-on-ones w
M-tron Industries, Inc. (NYSE:MPTI) (the "Company" or "MPTI"), a designer and manufacturer of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, announced strong financial results for the three and six months ended June 30, 2024 with net income increasing 36.6% to $1,744,000, or $0.63 per diluted share, in Q2 2024 compared to $1,277,000, or $0.47 per diluted share, in Q2 2023. MPTI's Chief Executive Officer, Michael J. Ferrantino, said, "Our strategy is working; our business has been trending up since the Company's listing in 2022, and are pleased to report results that continue to be very positive. We expect revenues, new or
M-tron Industries, Inc. (NYSE:MPTI) ("MtronPTI" or the "Company"), today announced Michael Ferrantino, Chief Executive Officer, and Linda Biles, Executive Vice President – Finance, will present at the East Coast IDEAS Investor Conference on Wednesday, June 12, 2024 at Jay Conference – Bryant Park in New York, NY. MtronPTI's presentation is scheduled to begin at 2:00 PM ET. The presentation is webcast and can be accessed through the conference host's main website: https://www.threepartadvisors.com/east-coast and in the investor relations section of the company's website: http://www.ir.mtronpti.com. About IDEAS Investor Conferences The mission of the IDEAS Conferences is to provide indepe
Revenues increased $1,818,000 to $11,185,000 for the three months ended March 31, 2024 from $9,367,000 for the three months ended March 31, 2023 Gross margin increased 861 basis points to 42.7% for the three months ended March 31, 2024 from 34.1% for the three months ended March 31, 2023 Net income per diluted share increased $0.33 to $0.53 for the three months ended March 31, 2024 from $0.20 for the three months ended March 31, 2023 Backlog was $46,130,000 as of March 31, 2024, a decrease of $1,701,000 from $47,831,000 as of December 31, 2023 and an increase of $592,000 from $45,538,000 as of March 31, 2023 Adjusted EBITDA, a non-GAAP measure, increased $1,234,000 to $2,262,00
M-tron Industries, Inc. (NYSE:MPTI) ("Company" or "MtronPTI") announced it will host an Investor Day on May 8th, 2024, 10:00 AM Eastern Daylight Time (Eastern). Investor Day will provide shareholders, analysts, and other stakeholders with an in-depth look into MtronPTI's strategic direction, financial performance, and operational highlights. The event will include presentations by key members of MtronPTI's executive leadership team, as well as opportunities for Q&A sessions. Event Details: Date: May 8th, 2024 Time: 10:00 AM (Eastern) Location: The New York Stock Exchange "We are excited to host our Investor Day and share our progress, achievements, and plans for the future w
M-tron Industries, Inc. (NYSE:MPTI) ("Company" or "MtronPTI") is delighted to announce the promotion of Linda Biles to the position of Executive Vice President of Finance, effective April 16, 2024. Linda has demonstrated dedication, exceptional leadership, and outstanding financial acumen throughout her tenure at MtronPTI. With 16 years of invaluable experience with the company, she has continually exhibited a deep understanding of our financial landscape and has played an integral role in shaping MtronPTI's fiscal strategies and successes. In Linda's previous roll as Vice President & Controller, she has exhibited exceptional proficiency in managing financial operations, driving efficie
M-tron Industries, Inc. (NYSE:MPTI) ("Company" or "MtronPTI") announced its financial results for the fiscal year ended December 31, 2023. Management will host an earnings call on Tuesday, March 26, 2024 at 10:30am EST. Total revenues for the year ended December 31, 2023, were $41.2 million, an increase of $9.3 million, or 29.3%, from $31.8 million for the year ended December 31, 2022. Consolidated gross margin improved to 40.7% for the year ended December 31, 2023, compared to 35.6% for the prior year. Order backlog was $47.8 million, an increase of 3.6% compared to $46.2 million as of December 31, 2022. Diluted net income per share for the years ended December 31, 2023 and 202
M-tron Industries, Inc. (NYSE:MPTI) ("MtronPTI" or the "Company"), a designer and manufacturer of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, today announced the appointment of Cameron Pforr as Chief Financial Officer, effective October 3, 2024. MtronPTI, which produces radio frequency ("RF") solutions key to our nation's defense, continues to perform well and believes that it will meet or exceed its improved fiscal year 2024 guidance of revenues in the range of $46.0 million to $48.0 million with EBITDA in the 19% to 21% range. The Company reported second quarter results on August 14, 2024, including revenue of $11,808
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
4 - M-tron Industries, Inc. (0001902314) (Issuer)
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10-Q - M-tron Industries, Inc. (0001902314) (Filer)
8-K - M-tron Industries, Inc. (0001902314) (Filer)
8-K - M-tron Industries, Inc. (0001902314) (Filer)
8-K - M-tron Industries, Inc. (0001902314) (Filer)
8-K - M-tron Industries, Inc. (0001902314) (Filer)
10-Q - M-tron Industries, Inc. (0001902314) (Filer)
8-K - M-tron Industries, Inc. (0001902314) (Filer)
SD - M-tron Industries, Inc. (0001902314) (Filer)
10-Q - M-tron Industries, Inc. (0001902314) (Filer)
8-K - M-tron Industries, Inc. (0001902314) (Filer)
Revenues increased 21.4%, or $2,326,000, to $13,214,000 for the three months ended September 30, 2024 from $10,888,000 for the three months ended September 30, 2023 Gross margin increased 500 basis points to 47.8% for the three months ended September 30, 2024 from 42.8% for the three months ended September 30, 2023 Net income per diluted share increased 42.1%, or $0.24, to $0.81 for the three months ended September 30, 2024 from $0.57 for the three months ended September 30, 2023 MtronPTI anticipates a strong performance in Q4 2024 and expects to exceed its prior guidance for FY 2024 M-tron Industries, Inc. (NYSE:MPTI) ("MtronPTI" or the "Company"), a designer and manufacturer
M-tron Industries, Inc. (NYSE:MPTI) ("MtronPTI" or the "Company") will report financial results for the third quarter ended September 30, 2024, after the market closes on Wednesday, November 13, 2024. MtronPTI's press release will be available on the Investor Relations website at ir.mtronpti.com. MtronPTI will also host a conference call on Thursday, November 14, 2024, at 10:30 a.m. ET to review these results. To access the conference call, please use the dial-in information below: Toll Free Dial-in Number: (800) 715-9871 Toll Dial-in Number: +1 (646) 307-1963 Conference ID: 1795619 An archive will be available after the call on the Events and Prese
M-tron Industries, Inc. (NYSE:MPTI) (the "Company" or "MPTI"), a designer and manufacturer of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, announced strong financial results for the three and six months ended June 30, 2024 with net income increasing 36.6% to $1,744,000, or $0.63 per diluted share, in Q2 2024 compared to $1,277,000, or $0.47 per diluted share, in Q2 2023. MPTI's Chief Executive Officer, Michael J. Ferrantino, said, "Our strategy is working; our business has been trending up since the Company's listing in 2022, and are pleased to report results that continue to be very positive. We expect revenues, new or
Revenues increased $1,818,000 to $11,185,000 for the three months ended March 31, 2024 from $9,367,000 for the three months ended March 31, 2023 Gross margin increased 861 basis points to 42.7% for the three months ended March 31, 2024 from 34.1% for the three months ended March 31, 2023 Net income per diluted share increased $0.33 to $0.53 for the three months ended March 31, 2024 from $0.20 for the three months ended March 31, 2023 Backlog was $46,130,000 as of March 31, 2024, a decrease of $1,701,000 from $47,831,000 as of December 31, 2023 and an increase of $592,000 from $45,538,000 as of March 31, 2023 Adjusted EBITDA, a non-GAAP measure, increased $1,234,000 to $2,262,00
M-tron Industries, Inc. (NYSE:MPTI) ("Company" or "MtronPTI") announced its financial results for the fiscal year ended December 31, 2023. Management will host an earnings call on Tuesday, March 26, 2024 at 10:30am EST. Total revenues for the year ended December 31, 2023, were $41.2 million, an increase of $9.3 million, or 29.3%, from $31.8 million for the year ended December 31, 2022. Consolidated gross margin improved to 40.7% for the year ended December 31, 2023, compared to 35.6% for the prior year. Order backlog was $47.8 million, an increase of 3.6% compared to $46.2 million as of December 31, 2022. Diluted net income per share for the years ended December 31, 2023 and 202
M-tron Industries, Inc. (NYSE:MPTI) ("Company" or "MtronPTI") announced its financial results for the three and nine months ended September 30, 2023. Management will host an earnings call on Thursday, November 16, 2023 at 10:30am EST. Revenue of $10.9 million for the three months ended September 30, 2023, was an increase of 29.4% compared to $8.4 million for the comparable prior year period. For the nine months ended September 30, 2023, revenue was $30.4 million, a 31.2% increase over the $23.2 million reported for the comparable prior year period. Gross margin was 42.8% for the three months ended September 30, 2023, compared to 32.4% for the comparable period in the prior year. Gross
M-tron Industries, Inc. (NYSE:MPTI) ("Company" or "MtronPTI") announced its financial results for the three and six months ended June 30, 2023 and its participation in the Sidoti August 2023 Virtual Investor Conference. Revenue of $10.1 million for the three months ended June 30, 2023, was an increase of 43.5% compared to $7.1 million for the comparable prior year period. For the six months ended June 30, 2022, revenue was $19.5 million, a 32.2% increase over the $14.8 million reported for the comparable prior year period. Gross margin of 41.6% for the three months ended June 30, 2023, compared to 37.5% for the comparable period in the prior year. Gross margins for the six months e
M-tron Industries, Inc. (NYSE:MPTI) ("Company" or "MtronPTI") announced today that an investor presentation via live webcast hosted by members of the MtronPTI management team will be held on Tuesday, May 2, 2023 at 9:00 AM Eastern Time. The presentation will review MtronPTI's operations and results. "We look forward to increased investor engagement as we start our first year as a stand-alone Company. The business is well positioned for growth in its core markets. The investor meeting will offer the opportunity for the MtronPTI team to review current and future products and technologies," said Marc Gabelli, the MtronPTI Interim Chairman. Investors and other interested parties may acces
M-tron Industries, Inc. (NYSE:MPTI) ("Company" or "MtronPTI") announced its financial results for the fiscal year ended December 31, 2022. Revenue of $8.7 million for the three months ended December 31, 2022, an increase of 26.4% compared to $6.9 million for the comparable prior year period. For the fiscal year ended December 31, 2022, revenues were $31.8 million, a 19.3% increase from $26.7 million for the prior year. Basic and diluted net income of $0.07 per share compared to $0.01 for the prior year quarter, and income per share of $0.67 for the fiscal year versus income of $0.59 for the prior year. Backlog of $46.2 million at December 31, 2022, an increase of 5% compared with $44.
M-Tron Industries's (NYSE:MPTI) short percent of float has risen 3.73% since its last report. The company recently reported that it has 111 thousand shares sold short, which is 5.01% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.71 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
M-Tron Industries (AMEX:MPTI) reported quarterly earnings of $0.53 per share which beat the analyst consensus estimate of $0.49 by 8.16 percent. This is a 165 percent increase over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $11.19 million which beat the analyst consensus estimate of $11.00 million by 1.68 percent. This is a 19.41 percent increase over sales of $9.37 million the same period last year.
M-Tron Industries's (NYSE:MPTI) short percent of float has risen 19.31% since its last report. The company recently reported that it has 181 thousand shares sold short, which is 10.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.77 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
M-Tron Industries (AMEX:MPTI) reported its Q4 earnings results on Monday, March 25, 2024 at 04:59 PM. Here's what investors need to know about the announcement. Earnings M-Tron Industries missed estimated earnings by -94.0%, reporting an EPS of $0.03 versus an estimate of $0.48. Revenue was up $2.10 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.23 which was followed by a 12.0% increase in the share price the next day. To track all earnings releases for M-Tron Industries visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor.
M-Tron Industries (AMEX:MPTI) reported quarterly earnings of $0.03 per share. This is a 57.14 percent decrease over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $10.77 million. This is a 24.21 percent increase over sales of $8.67 million the same period last year.
M-Tron Industries's (NYSE:MPTI) short percent of float has risen 13.11% since its last report. The company recently reported that it has 163 thousand shares sold short, which is 9.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.68 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
The strategic initiatives include further department of defense engagements, joint ventures, and potential business acquisitions or combination opportunities. To further this effort, M-tron Industries seeks to pursue potential M&A activity in the aerospace and defense industry.
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M-Tron Industries (AMEX:MPTI) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.34 by 67.65 percent. This is a 200 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $10.89 million which beat the analyst consensus estimate of $10.30 million by 5.71 percent. This is a 29.36 percent increase over sales of $8.42 million the same period last year.