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M-tron Industries, Inc. (NYSE American: MPTI) reported a significant revenue increase of $1,818,000 to $11,185,000 for the first quarter of 2024 compared to $9,367,000 for the same period in 2023. The gross margin saw a notable increase of 861 basis points to 42.7%. Net income per diluted share rose by $0.33 to $0.53. However, backlog decreased to $46,130,000 as of March 31, 2024. Adjusted EBITDA surged by $1,234,000 to $2,262,000. The Company's Chief Executive Officer highlighted the strong operational performance and revenue growth, setting a positive outlook for shareholders. An Investor Day is scheduled for May 8, 2024, to provide insights into the Company's strategic direction and financial performance.
M-tron Industries, Inc. (NYSE American: MPTI) has announced an Investor Day scheduled for May 8th, 2024, to provide stakeholders with a detailed overview of the company's strategic direction, financial performance, and operational highlights. The event will feature presentations by key executives, including a Q&A session, with both in-person and webcast attendance options.
