secwatch.observer — SEC 8-K summary
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Issuer:     M-tron Industries, Inc. (MPTI)
CIK:        0001902314
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001437749-24-026578
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1902314/000143774924026578/0001437749-24-026578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1902314/000143774924026578/mpti20240515_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026578

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer