An update from M-tron Industries Inc ( (MPTI) ) is now available.
M-tron Industries, Inc. reported robust financial results for the fourth quarter and full fiscal year 2024, with record revenues, gross margins, and earnings. The company achieved an 18.9% increase in quarterly revenues and a 19.1% rise in annual revenues, driven by strong defense program shipments. Net income per diluted share surged significantly, reflecting improved manufacturing efficiencies and a higher margin product mix. The company’s performance highlights its strategic focus on growth, particularly in the Aerospace and Defense sector, which saw over 40% growth year-over-year. Despite a slight decrease in backlog, Mtron’s financial position was strengthened, ending the year with $12.6 million in cash and cash equivalents.
More about M-tron Industries Inc
M-tron Industries, Inc. is a company that designs, manufactures, and markets highly engineered frequency and spectrum control products and solutions. With a focus on engineering, Mtron supports its customers throughout the product lifecycle, including design, prototyping, production, and upgrades. The company operates design and manufacturing facilities in Orlando, Florida, and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India.
YTD Price Performance: -13.62%
Average Trading Volume: 48,906
Technical Sentiment Signal: Hold
Current Market Cap: $129.8M
For a thorough assessment of MPTI stock, go to TipRanks’ Stock Analysis page.