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M-tron Industries, Inc. Reports Third Quarter 2025 Results

M-tron Industries, Inc. (NYSE American: MPTI), a leading developer and manufacturer of advanced electronic components for the aerospace, defense, avionics, and space sectors, announced notable financial outcomes for the three months and nine months ending September 30, 2025.

Financial Highlights

During the third quarter of 2025, M-tron achieved revenue of $14.2 million, marking a 7.2% increase compared to the same period in 2024, where the revenue stood at $13.2 million. The year-to-date revenue reached $40.2 million, reflecting an 11% rise from $36.2 million reported in the prior year. The growth was primarily attributed to robust demand for avionics, space, and industrial product shipments.

Although the gross margin for this quarter was recorded at 44.3%, a slight decline from 47.8% in the same quarter of last year, M-tron managed to show progressive improvements over the last two quarters. Cameron Pforr, the Interim CEO, highlighted the company's ongoing operational initiatives, suggesting that these efforts are helping to stabilize profitability in a fluctuating market.

Net Income Analysis

M-tron reported a net income of $1.8 million, equivalent to $0.63 per diluted share, down from $2.3 million ($0.81 per diluted share) in Q3 2024. This decrease was influenced by lower gross margins and increased operating expenses, including higher investment in research and development, sales commissions, and administrative costs driven by the overall growth of the business. Furthermore, one-off adjustments in income tax obligations contributed to this decline.

For the nine months ending September 30, 2025, net income came to $5.0 million, translating to $1.72 per diluted share, compared to $5.5 million ($1.97 per diluted share) the previous year. The slight dip in income was accounted for by similar factors affecting the third quarter.

Backlog Growth

The backlog for M-tron increased significantly to $58.8 million as of September 30, 2025. This represents a remarkable 47.9% growth from $39.8 million recorded the prior year and a 24.5% increase from $47.2 million at the end of 2024. The growth in backlog reflects strong demand across various aerospace and defense programs and new project launches.

Outlook and Future Plans

Looking ahead, M-tron is poised to navigate the challenges of the market through strategic partnerships, enhanced product offerings, and robust support for its customers throughout the product lifecycle. The company's management will be hosting an earnings call on November 13, 2025, at 10:30 a.m. ET for investors and the broader community to delve deeper into these results and answer any questions regarding the company’s performance and future growth strategies.

For additional information, stakeholders are encouraged to review the earnings release on M-tron’s investor relations website, where they will also find options for listening to the conference call.

Conclusion

M-tron Industries, Inc. continues to position itself as a leading provider of high-reliability electronic solutions with a strong commitment to engineering and customer service. With a solid revenue growth and an increasing backlog, the company is expected to build on its momentum and tackle upcoming market challenges effectively.