Revenue Growth in Q3 2025
The total revenues for the third quarter were $14.2 million, representing a 7.2% increase over the $13.2 million for the third quarter in 2024. This growth was driven by strong performance in avionics, space, and industrial product shipments.
Significant Backlog Increase
The backlog as of September 30, 2025, was $58.8 million, an increase of 48% from the $39.8 million for September 30, 2024, and a 24.5% increase from the end of 2024. This reflects robust demand across aerospace and defense programs.
Innovative Product Development
M-tron developed an internally compensated oscillator significantly smaller in size (2 inches by 2 inches) compared to traditional models (16 inches by 16 inches), which has seen dramatic demand.
Early Trigger Condition for Warrants
The dividend of warrants granted in April 2025 achieved its early trigger condition, making them exercisable through December 11, 2025, at a strike price of $47.50 per share.