M-tron Industries, Inc. Reports Fiscal Year 2023 Results and Announces Investor Call
M-tron Industries, Inc. (MPTI)
Company Research
Source: Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)--M-tron Industries, Inc. (NYSE American: MPTI) (“Company” or “MtronPTI”) announced its financial results for the fiscal year ended December 31, 2023. Management will host an earnings call on Tuesday, March 26, 2024 at 10:30am EST.Total revenues for the year ended December 31, 2023, were $41.2 million, an increase of $9.3 million, or 29.3%, from $31.8 million for the year ended December 31, 2022.Consolidated gross margin improved to 40.7% for the year ended December 31, 2023, compared to 35.6% for the prior year.Order backlog was $47.8 million, an increase of 3.6% compared to $46.2 million as of December 31, 2022.Diluted net income per share for the years ended December 31, 2023 and 2022 was $1.28 and $0.67, respectively.Adjusted EBITDA, a Non-GAAP measure, was $7.7 million for the fiscal year ended December 31, 2023 versus $4.0 million for the prior year.Michael Ferrantino, MtronPTI’s Chief Executive Officer, stated, “MtronPTI had a great first year
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MPTI
Sec Filings
- 4/29/24 - Form DEF
- 4/23/24 - Form 4
- 4/16/24 - Form 8-K
- MPTI's page on the SEC website