M-tron Industries Q2 2024 revenue $11.8M (+16% YoY), net income $1.7M (+37%), raises FY guidance

M-tron Industries, Inc.

2024-Q2 EPS reported $1.16 revenue$22,993,000

Q2 2024 revenue $11.808M vs $10.140M in Q2 2023, up 16.4% YoY; net income $1.744M ($0.63 diluted EPS) vs $1.277M ($0.47), up 36.6%.
Gross margin expanded to 46.6% from 41.6% in Q2 2023; Adjusted EBITDA $2.523M up 30.7% YoY.
Raised FY2024 revenue guidance to $46-48M from $43-45M; expects EBITDA margin of 19-21% for remaining quarters.
Growth driven by strong defense program shipments and improved production efficiencies since 2022 IPO.
Initiated stock option grant earlier in 2024; backlog trend positive and expected to continue growing.

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