Welcome to our dedicated page for M-tron Industries news (Ticker: MPTI), a resource for investors and traders seeking the latest updates and insights on M-tron Industries 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, Inc. (MPTI) announced an investor presentation through a live webcast on May 2, 2023, at 9:00 AM ET. The management team will discuss the company's operations and results, emphasizing MtronPTI's positioning for growth in its core markets. Interim Chairman Marc Gabelli expressed excitement for increased investor engagement and the chance to showcase current and future products. Interested parties can register for the webcast and submit questions for a Q&A session. An archived version will be available post-event on Mtron's Investor Relations page.
M-tron Industries, Inc. (MPTI) reported strong financial results for the fiscal year ending December 31, 2022, with revenues of $31.8 million, a 19.3% increase from the previous year. In Q4 2022, revenue reached $8.7 million, up 26.4% year-over-year. Net income for the year was $1.8 million, or $0.67 per share, compared to $1.6 million and $0.59 per share in 2021. The company reported a backlog of $46.2 million, up 57% from the prior year, indicating strong future demand driven by the recovering avionics and defense markets. Adjusted EBITDA rose to $4.0 million for the fiscal year.
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