Welcome to our dedicated page for M Tron Ind news (Ticker: MPTI), a resource for investors and traders seeking the latest updates and insights on M Tron Ind stock.
M-tron Industries, Inc. (symbol: MPTI) is a diversified holding company specializing in the design, manufacturing, and marketing of highly engineered, high-reliability frequency and spectrum control products. These products are crucial for controlling the frequency or timing of signals in various electronic circuits.
Operating in the aerospace, defense, space, and avionics sectors, M-tron Industries provides a wide range of products such as microwave and millimeter wave filters, cavity filters, crystal filters, ceramic filters, lumped element filters, switched filters, crystal resonators, integrated microwave assemblies, and solid-state power amplifier products.
The company continues to innovate and expand its product offerings to meet the evolving needs of its markets. In recent achievements, M-tron Industries has successfully secured significant partnerships, enhancing both its market presence and technological advancements.
Current projects include the development of next-generation frequency control solutions, aimed at improving performance and reliability in demanding environments. The financial health of the company remains stable, backed by strong revenue streams from its diversified product lines and customer base.
With a clear focus on quality and reliability, M-tron Industries is dedicated to supporting critical applications through its advanced spectrum control technologies. Stay updated with the latest news and developments of MPTI to understand more about their growth and market performance.
M-tron Industries (NYSE: MPTI) has announced a subscription rights offering to raise approximately $25 million in capital. The company, which manufactures electronic components for frequency control in electronic circuits, will distribute transferable subscription rights to stockholders of record as of March 3, 2025.
Key features of the rights offering include: stockholders will receive one subscription right per share of common stock, with five rights needed to purchase one new share at a yet-to-be-determined strike price. The rights will trade on NYSE American under symbol 'MPTI RT' from March 5 to March 20, 2025, and expire on March 21, 2025. Stockholders will have over-subscription privileges for any unsubscribed shares.
The capital raised will be used for general corporate purposes and to support the company's strategy of pursuing joint ventures and acquisitions to grow EBITDA and expand its product portfolio.
M-tron Industries (MPTI) announces that its year-end results will exceed previous expectations and plans to release preliminary Q4 and full-year 2024 financial results on February 26, 2025. The company will hold an investor call on February 27th to discuss strategic initiatives and future direction.
Key announcements include leadership changes, with CEO Michael Ferrantino Jr. departing and CFO Cameron Pforr assuming the additional role of Interim CEO. The company also announced a rights offering to shareholders of record as of March 3, 2025, where five subscription rights can be exercised to purchase one share of common stock.
As a U.S.-based defense electronics manufacturer, MPTI is positioning itself for growth in electronic warfare, autonomous vehicles, and AI. The company formed a special committee in early 2024 to evaluate strategic alternatives, including potential acquisitions or mergers, and expects to benefit from increased U.S. stockpile replenishment and European defense spending.
MtronPTI (NYSE American: MPTI) has secured a significant contract worth over $10 million from a major U.S. Department of Defense prime contractor for a naval defense program. The contract involves supplying high-performance, rugged radio frequency filters for shipboard defense systems used by the United States and allied nations.
The program is expected to continue production beyond 2029, with work under this specific contract being carried out in Orlando, Florida over the next three years. This agreement reinforces MtronPTI's position as a leading provider of precision RF components for various defense applications, including guided munitions, radars, electronic warfare systems, airframes, drones, autonomous vehicles, and space platforms.
M-tron Industries (NYSE American: MPTI) has announced its participation in the 27th Annual Needham Growth Conference, scheduled for January 14-17, 2025. CEO Michael Ferrantino and CFO Cameron Pforr will deliver a presentation on January 17, 2025, at 8:45 am Eastern Time.
The presentation will highlight MtronPTI's growing presence in the defense and aerospace sector, specifically focusing on their RF components and solutions used in precision guided munitions, radar, electronic warfare, airframes, drone/UAVs, and space and satellite systems. As a U.S.-based manufacturer, the company plays a important role in national security, serving both the U.S. Department of Defense and allied nations.
The event will include one-on-one investor meetings on January 16-17, 2025. The presentation will be accessible via live webcast and subsequently archived on the company's website under the Events & Presentations section.
MtronPTI (NYSE American: MPTI) has secured a significant contract worth over $10 million from a major U.S. Department of Defense prime contractor for an air defense program. The order includes high-performance rugged lumped element radio frequency filters and precision clock oscillators.
The program, which supports both U.S. and allied nations' air defense systems, is expected to continue production beyond 2029. The work will be performed at the company's Orlando, Florida facility through mid-2026.
This contract reinforces MtronPTI's position in providing precision RF components for critical defense applications, including precision guided munitions, radars, electronic warfare systems, airframes, drones, autonomous vehicles, and space platforms.
M-tron Industries (MPTI) reported strong Q3 2024 results with significant growth across key metrics. Revenue increased 21.4% to $13.2 million, while gross margin improved 500 basis points to 47.8%. Net income per diluted share rose 42.1% to $0.81. The company's performance was driven by strong defense-related orders and improved operating efficiencies. Management raised FY 2024 revenue guidance to $46-48 million from $43-45 million, expecting to exceed previous forecasts with an EBITDA margin of 19-21%. Despite a decrease in backlog to $39.8 million, the company maintains a positive outlook due to continued momentum in defense-related sales.
M-tron Industries (NYSE American: MPTI) has appointed Cameron Pforr as Chief Financial Officer, effective October 3, 2024. MtronPTI, a manufacturer of electronic components for RF solutions in defense, expects to meet or exceed its fiscal year 2024 guidance of $46.0-$48.0 million in revenues with 19-21% EBITDA. The company reported strong Q2 2024 results, with revenue up 16.4% and net income up 36.6% year-over-year.
Mr. Pforr will focus on executing MtronPTI's growth strategy, emphasizing shareholder value creation and managing finance and investor relations. He brings extensive experience in finance, business management, and corporate development, having executed over thirty M&A transactions. The company's strategic investments in defense continue to drive growth, particularly in missile programs, satellite platforms, and UAV programs.
M-tron Industries (NYSE American: MPTI) has announced its participation in the Sidoti September Virtual Investor Conference on September 18-19, 2024. CEO Michael Ferrantino and VP of Strategy Cameron Pforr will represent the company, presenting on September 18 at 8:30 am Eastern Time.
The presentation will be accessible live via a provided Zoom link. Additionally, MtronPTI will host one-on-one meetings with investors on both days of the conference. Interested parties can register for free at www.sidoti.com/events, with no requirement to be a Sidoti client.
This event offers MtronPTI an opportunity to showcase its business to potential investors and participate in a conference featuring various small-cap companies.
M-tron Industries, Inc. (NYSE American: MPTI) reported strong Q2 2024 results with significant growth since its 2022 IPO. Key highlights include:
- Net income increased 36.6% to $1,744,000 ($0.63 per diluted share) in Q2 2024
- Revenues up 16.4% to $11,808,000 in Q2 2024
- Gross margin improved to 46.6% in Q2 2024
- Adjusted EBITDA rose 30.7% to $2,523,000 in Q2 2024
MPTI raised its 2024 revenue outlook to $46.0-$48.0 million, citing strong defense-related sales and accelerated production. The company expects EBITDA to remain in the 19-21% range for the rest of 2024.
M-tron Industries (NYSE American: MPTI) announced that CEO Michael Ferrantino and EVP of Finance Linda Biles will present at the 14th Annual East Coast IDEAS Investor Conference on June 12, 2024, at Jay Conference – Bryant Park, New York, NY.
The presentation is scheduled for 2:00 PM ET and will be webcasted. The webcast link will be available on the event host’s main website and on MtronPTI's investor relations website.
FAQ
What is the current stock price of M Tron Ind (MPTI)?
What is the market cap of M Tron Ind (MPTI)?
What does M-tron Industries, Inc. do?
In which markets does M-tron Industries operate?
What kind of products does M-tron Industries offer?
How has M-tron Industries performed financially?
What are M-tron Industries' recent achievements?
What are the current projects of M-tron Industries?
Who are the primary customers of M-tron Industries?
Why are M-tron Industries' products important?
How does M-tron Industries ensure product quality?
Where can I find the latest news about M-tron Industries?
