Financial Snapshot

Revenue
$44.65M
TTM
Gross Margin
43.92%
TTM
Net Earnings
$4.889M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
459.62%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$23.66M
Q2 2024
Cash
Q2 2024
P/E
20.02
Sep 17, 2024 EST
Free Cash Flow
$5.108M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $41.17M $31.85M $26.69M $29.98M
YoY Change 29.28% 19.3% -10.97%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $41.17M $31.85M $26.69M $29.98M
Cost Of Revenue $24.40M $18.04M $17.36M $19.69M
Gross Profit $16.77M $13.81M $9.336M $10.30M
Gross Profit Margin 40.73% 43.35% 34.97% 34.34%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $10.25M $8.929M $5.216M $5.230M
YoY Change 14.81% 71.18% -0.27%
% of Gross Profit 61.14% 64.67% 55.87% 50.8%
Research & Development $2.216M $2.006M $2.006M $2.036M
YoY Change 10.47% 0.0% -1.47%
% of Gross Profit 13.22% 14.53% 21.49% 19.77%
Depreciation & Amortization $797.0K $671.0K $542.0K $489.0K
YoY Change 18.78% 23.8% 10.84%
% of Gross Profit 4.75% 4.86% 5.81% 4.75%
Operating Expenses $2.216M $2.006M $7.222M $7.266M
YoY Change 10.47% -72.22% -0.61%
Operating Profit $4.299M $2.875M $2.114M $3.030M
YoY Change 49.53% 36.0% -30.23%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $7.000K -$280.0K -$12.00K -$86.00K
YoY Change -102.5% 2233.33% -86.05%
% of Operating Profit 0.16% -9.74% -0.57% -2.84%
Other Income/Expense, Net $101.0K -$280.0K $11.00K -$51.00K
YoY Change -136.07% -2645.45% -121.57%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $4.400M $2.595M $2.113M $2.893M
YoY Change 69.56% 22.81% -26.96%
Income Tax $911.0K $797.0K $531.0K $583.0K
% Of Pretax Income 20.7% 30.71% 25.13% 20.15%
Net Earnings $3.489M $1.798M $1.582M $2.310M
YoY Change 94.05% 13.65% -31.52%
Net Earnings / Revenue 8.48% 5.65% 5.93% 7.7%
Basic Earnings Per Share $1.29 $0.67 $0.59
Diluted Earnings Per Share $1.28 $0.67 $580.2K $847.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $3.913M $926.0K $2.635M $2.456M
YoY Change 322.57% -64.86% 7.29%
Cash & Equivalents $3.913M $926.0K $2.635M $2.456M
Short-Term Investments
Other Short-Term Assets $588.0K $673.0K $242.0K $233.0K
YoY Change -12.63% 178.1% 3.86%
Inventory $8.884M $7.518M $5.221M $5.105M
Prepaid Expenses
Receivables $4.802M $6.123M $3.995M $3.948M
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $18.19M $14.31M $12.09M $11.74M
YoY Change 27.06% 18.37% 2.99%
Property, Plant & Equipment $4.228M $3.794M $3.600M $2.974M
YoY Change 11.44% 5.39% 21.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.845M $1.067M $4.161M $2.996M
YoY Change 72.91% -74.36% 38.89%
Total Long-Term Assets $6.118M $4.959M $7.913M $6.176M
YoY Change 23.37% -37.33% 28.13%
Total Assets $24.31M $19.27M $20.01M $17.92M
YoY Change
Accounts Payable $1.300M $2.381M $1.396M $1.209M
YoY Change -45.4% 70.56% 15.47%
Accrued Expenses $2.807M $2.241M $1.616M $1.603M
YoY Change 25.26% 38.68% 0.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.384M $4.856M $3.012M $2.812M
YoY Change -9.72% 61.22% 7.11%
Long-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $26.00K $76.00K $145.0K $132.0K
YoY Change -65.79% -47.59% 9.85%
Total Long-Term Liabilities $26.00K $76.00K $145.0K $132.0K
YoY Change -65.79% -47.59% 9.85%
Total Liabilities $4.410M $4.932M $3.157M $2.944M
YoY Change -10.58% 56.22% 7.24%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 2.696M 2.676M 2.676M
Diluted Shares Outstanding 2.734M 2.677M 2.676M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $97.879 Million

About M-tron Industries, Inc.

M-tron Industries, Inc. provides frequency and spectrum control solutions. The company is headquartered in Orlando, Florida and currently employs 188 full-time employees. The company went IPO on 2022-09-29. The firm provides solutions for communication and control, satcom, radar and electronic warfare, guided munitions, test and measurement, computers, servers and networks and energy management applications. Its portfolio is divided into three product groupings, Frequency Control, Spectrum Control and Integrated Microwave Assemblies. The Frequency Control product group includes a portfolio of quartz crystal resonators, clock oscillators, VCXO, TCXO OCXO and TCVCXO devices which meet some of the tightest specifications, including IEEE 1588 standards. Spectrum Control product group includes a wide array of radio frequency (RF), microwave and millimeter wave filters and diplexers covering a frequency range from one megahertz (MHz) to 30 GHz, and solid-state power amplifiers covering a frequency range from 300 MHz to 26 GHz, with power output from 10 Watts to 10 kilowatts (kW).

Industry: Electronic Components, NEC Peers: Tempo Automation Holdings Inc Airgain Inc Amphenol Corp Amplitech Group Inc CPS Technologies Corp Inrad Optics, Inc. LGL Group Inc Micropac Industries Inc