M-tron Industries, Inc. Reports Preliminary Third Quarter 2025 Results

Rhea-AI Summary

M-tron Industries (NYSE American: MPTI) reported preliminary results for Q3 ended September 30, 2025 and will file full results after the market closes on Nov 12, 2025, with a conference call on Nov 13, 2025 at 10:30 a.m. ET.

Preliminary Q3 revenues were $14.1M vs $13.214M in Q3 2024; gross margin fell to 44.0% from 47.8%; net income was $1.8M vs $2.267M; Adjusted EBITDA was $3.18M vs $3.3M. For the nine months, revenue was $40.1M vs $36.207M and nine-month gross margin was 43.4% vs 45.8%.

Figures are estimates; a reconciliation to Adjusted EBITDA is provided. Dial-in and archive details are available on the investor relations site.

Positive

• Nine-month revenue +10.8% to $40.1M

Negative

• Q3 gross margin down 380 bps to 44.0%
• Q3 net income down ~20.6% to $1.8M
• Nine-month gross margin down 240 bps to 43.4%

Insights

Corporate Finance Analyst

M-tron shows revenue growth but compressed margins and slightly lower net income; full results on November 12, 2025 will clarify trends.

M-tron reported estimated third-quarter revenue of $14,100 thousand versus $13,214 thousand year-over-year and nine‑month revenue of $40,100 thousand versus $36,207 thousand, indicating top-line growth. Gross margin narrowed to 44.0% from 47.8% the prior year for the quarter, and reported net income declined to $1,800 thousand from $2,267 thousand, while Adjusted EBITDA held roughly flat at $3,180 thousand versus $3,300 thousand. These facts show revenue strength paired with margin pressure and lower net earnings.

The results depend on a few near-term items: the company will release full audited figures and reconciliations on November 12, 2025, and it is hosting a call on November 13, 2025. Key risks to interpret are the cause of the gross margin compression and whether any one-time items impacted net income; the preliminary note flags estimates, so the final report could adjust these metrics. Watch the confirmed gross-margin bridge, tax and interest details, and the Adjusted EBITDA reconciliation when the full release posts; expect clarity within days after November 12, 2025.

ORLANDO, Fla., Nov. 4, 2025 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company"), a U.S.-based supplier of radio frequency components and solutions to the aerospace & defense, avionics and space industries, announced preliminary financial results for the third quarter ended September 30, 2025. Mtron is providing this preliminary release to provide additional information to investors as they evaluate warrant exercises.

The Company will report full financial results for the third quarter ended September 30, 2025, after the market closes on Wednesday November 12, 2025. Mtron's press release will be available on the Investor Relations website at ir.mtron.com.

Preliminary Financial Results

		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2025 *				2024				2025 *				2024
Revenues		$	14,100			$	13,214			$	40,100			$	36,207
Gross margin			44.0	%			47.8	%			43.4	%			45.8	%
Net income		$	1,800			$	2,267			$	5,000			$	5,497
Adjusted EBITDA (a)		$	3,180			$	3,300			$	8,100			$	8,085

(a)	A reconciliation of Income before income taxes to Adjusted EBITDA, a non-GAAP measure, is provided at the end of this press release.
*	Figures are estimates

Investor Call

Mtron will host a conference call on Thursday November 13, 2025, at 10:30 a.m. ET to review these results. To access the conference call, please use the dial-in information below:

	Toll Free Dial-in Number:	(800) 715-9871
	Toll Dial-in Number:	+1 (646) 307-1963
	Conference ID:	5302531

An archive will be available after the call on the Events and Presentations page on the Investor Relations section of Mtron's website at https://ir.mtron.com/events-and-presentations. 

About Mtron

M-tron Industries, Inc. (NYSE American: MPTI) designs, manufactures, and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production, and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida, and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit http://www.mtron.com/.

Preliminary Financial Data

The preliminary estimated financial results for the three and nine months ended September 30, 2025 included in this release, which are the responsibility of management, were prepared by the Company's management in connection with the preparation of the Company's financial statements and are based upon preliminary operating results, preliminary corporate level expenses, and a number of subjective judgments and assumptions. Additional items that may require adjustments to the Company's preliminary estimated financial results may be identified and could result in material changes to the Company's preliminary estimated financial results. The Company has provided ranges, rather than specific amounts, for the preliminary estimated financial results described above, primarily because the Company's closing procedures for the three months ended September 30, 2025 are not yet complete and, as a result, the Company's final financial results upon completion of the closing procedures may vary from the preliminary estimates set forth above. The Company's independent registered public accounting firm, PKF O'Connor Davies, LLP, has not audited, reviewed, compiled or performed any procedures with respect to the preliminary estimated financial results, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and assume no responsibility for, and disclaim any association with, such preliminary financial results. Further, these preliminary estimated financial results are not a comprehensive statement or estimate of the Company's financial condition or operating results for the three and nine months ended September 30, 2025. These preliminary estimated financial results should not be viewed as a substitute for complete quarterly financial statements prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") or as a measure of the Company's performance. In addition, the preliminary estimated financial information is not necessarily indicative of the results to be achieved for any future period. Accordingly, investors are cautioned not to place undue reliance on this preliminary estimated financial information. See the information below under "Cautionary Note Concerning Forward Looking Statements" and "Risk Factors" and "Management's Discussion of Financial Condition and Results of Operations" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024.

Cautionary Note Concerning Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the uncertain financial impact of COVID-19 and the Company's financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to Mtron, are intended to identify forward-looking statements.

These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by Mtron with the Securities and Exchange Commission, including those risks set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K as filed with the SEC on March 27, 2025. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.

These forward-looking statements speak only as of the date of this press release. Mtron undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

Reconciliation of Income before income taxes to Adjusted EBITDA

The following table is a reconciliation of Income before income taxes to Adjusted EBITDA for the periods indicated:

		Three Months Ended September 30,								Nine Months Ended September 30,
(in thousands)		2025 *				2024				2025 *				2024
Income before income taxes		$	2,760			$	3,008			$	6,900			$	7,017
Adjustments:
Interest income			(140)				(63)				(380)				(139)
Depreciation			280				278				800				717
Amortization			—				—				—				5
Total adjustments			140				215				420				583
EBITDA			2,900				3,223				7,300				7,600
Non-cash stock compensation			280				77				800				485
Adjusted EBITDA		$	3,180			$	3,300			$	8,100			$	8,085

*	Figures are estimates

 

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SOURCE Mtron

FAQ

What did MPTI report for Q3 2025 revenue and net income?

Preliminary Q3 2025 revenue was $14.1M and net income was $1.8M.

How did M-tron's gross margin change in Q3 2025 compared with Q3 2024?

Q3 2025 gross margin fell to 44.0% from 47.8%, a decline of 380 basis points.

When will M-tron release full Q3 2025 financial results and host the investor call?

Full Q3 2025 results will be released after market close on Nov 12, 2025; the investor call is on Nov 13, 2025 at 10:30 a.m. ET.

What is M-tron's nine-month revenue through September 30, 2025?

Nine-month revenue was $40.1M, up 10.8% versus the prior year period.

Is the Adjusted EBITDA in the preliminary release final?

The release lists preliminary Adjusted EBITDA of $3.18M and notes a reconciliation will be provided in the full press release.