M-Tron Industries FY2023 revenue up 29% to $41.2M; diluted EPS $1.28 vs $0.67

M-tron Industries, Inc.

Revenue $41.2M (+29.3% YoY); gross margin improved to 40.7% from 35.6%.
Diluted EPS $1.28 vs $0.67; net income $3.49M vs $1.80M.
Adjusted EBITDA $7.69M vs $4.01M; order backlog $47.8M (+3.6% YoY).
Recorded $2.01M one-time stock option expense for 183,300 options granted to employees.
CEO cites strong aerospace/defense shipments; book-to-bill ratio 1.04 in 2023.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

M-tron Industries, Inc. reported the fiscal year ended December 31, 2023 results: revenue $41.2 million, net income $3,489,000, EPS $1.28.

Period: the fiscal year ended December 31, 2023
Revenue: $41.2 million
Net income: $3,489,000
EPS: $1.28
Result: reported results

Exact text from the filing

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,

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M-tron Industries, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-009252

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