M-tron Industries, Inc. - MPTI STOCK NEWS

The LGL Group, Inc. (LGL) is set to participate in the Sidoti Micro-Cap Virtual Investor Conference on January 17-18, 2024. The event will feature presentations covering recent financial performance, strategic initiatives, and other aspects of the business. LGL's management will present on January 18, 2024, at 1:45 PM Eastern Time, highlighting the successful spin-off of M-tron Industries, Inc. The company aims to enhance shareholder value and alignment through its long-term strategy of developing businesses and positioning them as independent entities.

M-tron Industries, Inc. (NYSE American: MPTI) announced its participation in the 26th Annual Needham Growth Conference, with a live webcast scheduled on January 19th, 2024. Presentation materials and webcast link will be available on the company's Investor Relations page.

M-tron Industries, Inc. (NYSE American: MPTI) CEO to Present at Sidoti Small-Cap Virtual Investor Conference

M-tron Industries, Inc. (NYSE American: MPTI) announced a 29.4% increase in revenue for the three months ended September 30, 2023, reaching $10.9 million. Gross margin improved to 42.8% for the same period. The company's backlog also grew by 14.1% to $50.3 million, reflecting strong defense product shipments. Adjusted EBITDA saw a significant increase to $2.3 million for the three months ended September 30, 2023, compared to $0.9 million for the same period in the prior year.

M-tron Industries, Inc. reports Q2 revenue of $10.1 million, a 43.5% increase YoY. Gross margin improves to 41.6%. Backlog increases to $51.6 million, up 19.3% YoY. Net income per share rises to $0.47 compared to $0.18 in the prior year quarter.

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 An archived version will be available post-event on Mtron's Investor Relations page.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.

M-tron Industries, Inc. (NYSE American: MPTI) announced that CEO Michael Ferrantino will present at the Sidoti January Virtual Investor Conference on January 19, 2023, at 10:00 AM Eastern Time. Investors can join the presentation through a live link. Additionally, MtronPTI will host virtual one-on-one meetings with investors on the same day, with free registration available via www.sidoti.com/events. Founded in 1965, MtronPTI specializes in high-reliability frequency and spectrum control products.

M-tron Industries, Inc. (MPTI) reported a 17.3% revenue increase to $8.4 million for Q3 2022 compared to the same period last year. Year-to-date revenue rose 16.8% to $23.2 million. The company’s net income for Q3 was $503,000 or $0.19 per share, down from $638,000 or $0.24 per share in Q3 2021. Backlog reached a record $44.1 million, up 49.7% year-over-year. Despite strong revenue growth, gross margin faced pressures, declining to 32.4% due to increased costs. MtronPTI became independent through a spin-off from LGL Group on October 7, 2022.