M-Tron Industries reports FY2022 revenue up 19% to $31.8M; backlog record $46.2M

M-tron Industries, Inc.

Revenue $31.8M (+19.3% YoY); Q4 revenue $8.7M (+26.4% YoY).
Net income $1.8M ($0.67 diluted EPS) vs $1.6M ($0.59) prior year.
Backlog $46.2M, up 57% YoY; record level driven by defense and avionics orders.
Adjusted EBITDA $4.0M for FY2022 vs $3.0M prior year.
Completed spin-off from LGL Group on Oct 7, 2022; now independent public company.

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