M Tron Ind Stock Price, News & Analysis

M-tron Industries (NYSE: MPTI) has announced a subscription rights offering to raise approximately $25 million in capital. The company, which manufactures electronic components for frequency control in electronic circuits, will distribute transferable subscription rights to stockholders of record as of March 3, 2025.

Key features of the rights offering include: stockholders will receive one subscription right per share of common stock, with five rights needed to purchase one new share at a yet-to-be-determined strike price. The rights will trade on NYSE American under symbol 'MPTI RT' from March 5 to March 20, 2025, and expire on March 21, 2025. Stockholders will have over-subscription privileges for any unsubscribed shares.

The capital raised will be used for general corporate purposes and to support the company's strategy of pursuing joint ventures and acquisitions to grow EBITDA and expand its product portfolio.

M-tron Industries (MPTI) announces that its year-end results will exceed previous expectations and plans to release preliminary Q4 and full-year 2024 financial results on February 26, 2025. The company will hold an investor call on February 27th to discuss strategic initiatives and future direction.

Key announcements include leadership changes, with CEO Michael Ferrantino Jr. departing and CFO Cameron Pforr assuming the additional role of Interim CEO. The company also announced a rights offering to shareholders of record as of March 3, 2025, where five subscription rights can be exercised to purchase one share of common stock.

As a U.S.-based defense electronics manufacturer, MPTI is positioning itself for growth in electronic warfare, autonomous vehicles, and AI. The company formed a special committee in early 2024 to evaluate strategic alternatives, including potential acquisitions or mergers, and expects to benefit from increased U.S. stockpile replenishment and European defense spending.

MtronPTI (NYSE American: MPTI) has secured a significant contract worth over $10 million from a major U.S. Department of Defense prime contractor for a naval defense program. The contract involves supplying high-performance, rugged radio frequency filters for shipboard defense systems used by the United States and allied nations.

The program is expected to continue production beyond 2029, with work under this specific contract being carried out in Orlando, Florida over the next three years. This agreement reinforces MtronPTI's position as a leading provider of precision RF components for various defense applications, including guided munitions, radars, electronic warfare systems, airframes, drones, autonomous vehicles, and space platforms.

M-tron Industries (NYSE American: MPTI) has announced its participation in the 27th Annual Needham Growth Conference, scheduled for January 14-17, 2025. CEO Michael Ferrantino and CFO Cameron Pforr will deliver a presentation on January 17, 2025, at 8:45 am Eastern Time.

The presentation will highlight MtronPTI's growing presence in the defense and aerospace sector, specifically focusing on their RF components and solutions used in precision guided munitions, radar, electronic warfare, airframes, drone/UAVs, and space and satellite systems. As a U.S.-based manufacturer, the company plays a important role in national security, serving both the U.S. Department of Defense and allied nations.

The event will include one-on-one investor meetings on January 16-17, 2025. The presentation will be accessible via live webcast and subsequently archived on the company's website under the Events & Presentations section.

MtronPTI (NYSE American: MPTI) has secured a significant contract worth over $10 million from a major U.S. Department of Defense prime contractor for an air defense program. The order includes high-performance rugged lumped element radio frequency filters and precision clock oscillators.

The program, which supports both U.S. and allied nations' air defense systems, is expected to continue production beyond 2029. The work will be performed at the company's Orlando, Florida facility through mid-2026.

This contract reinforces MtronPTI's position in providing precision RF components for critical defense applications, including precision guided munitions, radars, electronic warfare systems, airframes, drones, autonomous vehicles, and space platforms.

M-tron Industries (MPTI) reported strong Q3 2024 results with significant growth across key metrics. Revenue increased 21.4% to $13.2 million, while gross margin improved 500 basis points to 47.8%. Net income per diluted share rose 42.1% to $0.81. The company's performance was driven by strong defense-related orders and improved operating efficiencies. Management raised FY 2024 revenue guidance to $46-48 million from $43-45 million, expecting to exceed previous forecasts with an EBITDA margin of 19-21%. Despite a decrease in backlog to $39.8 million, the company maintains a positive outlook due to continued momentum in defense-related sales.

M-tron Industries (NYSE American: MPTI) has appointed Cameron Pforr as Chief Financial Officer, effective October 3, 2024. MtronPTI, a manufacturer of electronic components for RF solutions in defense, expects to meet or exceed its fiscal year 2024 guidance of $46.0-$48.0 million in revenues with 19-21% EBITDA. The company reported strong Q2 2024 results, with revenue up 16.4% and net income up 36.6% year-over-year.

Mr. Pforr will focus on executing MtronPTI's growth strategy, emphasizing shareholder value creation and managing finance and investor relations. He brings extensive experience in finance, business management, and corporate development, having executed over thirty M&A transactions. The company's strategic investments in defense continue to drive growth, particularly in missile programs, satellite platforms, and UAV programs.

M-tron Industries (NYSE American: MPTI) has announced its participation in the Sidoti September Virtual Investor Conference on September 18-19, 2024. CEO Michael Ferrantino and VP of Strategy Cameron Pforr will represent the company, presenting on September 18 at 8:30 am Eastern Time.

The presentation will be accessible live via a provided Zoom link. Additionally, MtronPTI will host one-on-one meetings with investors on both days of the conference. Interested parties can register for free at www.sidoti.com/events, with no requirement to be a Sidoti client.

This event offers MtronPTI an opportunity to showcase its business to potential investors and participate in a conference featuring various small-cap companies.

M-tron Industries, Inc. (NYSE American: MPTI) reported strong Q2 2024 results with significant growth since its 2022 IPO. Key highlights include:

• Net income increased 36.6% to $1,744,000 ($0.63 per diluted share) in Q2 2024
• Revenues up 16.4% to $11,808,000 in Q2 2024
• Gross margin improved to 46.6% in Q2 2024
• Adjusted EBITDA rose 30.7% to $2,523,000 in Q2 2024

MPTI raised its 2024 revenue outlook to $46.0-$48.0 million, citing strong defense-related sales and accelerated production. The company expects EBITDA to remain in the 19-21% range for the rest of 2024.