The latest update is out from M-tron Industries Inc ( (MPTI) ).
M-tron Industries, Inc. reported impressive financial results for Q3 2024, with a notable 21.4% revenue increase to $13.214 million and a substantial rise in net income per diluted share to $0.81. Driven by strong defense-related sales and improved operating efficiencies, the company saw a significant boost in gross margin to 47.8%. Looking ahead, MtronPTI anticipates continued growth, raising its FY 2024 revenue guidance, and expects to exceed previous forecasts.
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