$MPTI
M-tron Industries, Inc. Stock $mpti

$mpti Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000143774923023115 Filed on August 10, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2022 Q4
Revenue	$10.89M	$10.14M	$8.673M
YoY Change	29.36%	43.54%	26.43%
Cost Of Revenue	$6.230M	$5.921M	$5.580M
YoY Change		34.2%	23.45%
Gross Profit	$4.658M	$4.219M	$3.093M
YoY Change		59.09%	32.18%
Gross Profit Margin	42.78%	41.61%	35.66%
Selling, General & Admin	$2.625M	$2.119M	$2.265M
YoY Change		3.42%	5.74%
% of Gross Profit	56.35%	50.23%	73.23%
Research & Development	$566.0K	$535.0K
YoY Change
% of Gross Profit	12.15%	12.68%
Depreciation & Amortization	$205.0K	$204.0K	$199.0K
YoY Change	10.22%	13.97%	30.92%
% of Gross Profit	4.4%	4.84%	6.43%
Operating Expenses	$2.625M	$2.654M	$2.265M
YoY Change	-66.29%	29.53%	5.74%
Operating Profit	$2.033M	$1.565M	$828.0K
YoY Change	222.7%	159.54%	318.18%
Interest Expense		-$5.000K	-$5.000K
YoY Change		150.0%	66.67%
% of Operating Profit		-0.32%	-0.6%
Other Income/Expense, Net	$13.00K	$17.00K	-$233.0K
YoY Change	-181.25%	-288.89%	2230.0%
Pretax Income	$2.046M	$1.582M	$595.0K
YoY Change	233.22%	167.23%	221.62%
Income Tax	$460.0K	$305.0K	$405.0K
% Of Pretax Income	22.48%	19.28%	68.07%
Net Earnings	$1.586M	$1.277M	$190.0K
YoY Change	215.31%	162.76%	630.77%
Net Earnings / Revenue	14.57%	12.59%	2.19%
Basic Earnings Per Share	$0.59	$0.47	$0.07
Diluted Earnings Per Share	$0.57	$0.47	$0.05
COMMON SHARES
Basic Shares Outstanding	2.727M	2.727M	2.727M
Diluted Shares Outstanding	2.760M	2.711M

Balance Sheet

Concept	2023 Q3	2023 Q2	2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.552M	$1.321M	$926.0K
YoY Change	216.63%	19.76%	-64.86%
Cash & Equivalents	$2.552M	$1.321M	$926.0K
Short-Term Investments
Other Short-Term Assets	$419.0K	$327.0K	$673.0K
YoY Change	195.07%	53.52%	178.1%
Inventory	$8.962M	$8.713M	$7.518M
Prepaid Expenses
Receivables	$5.031M	$5.745M	$5.197M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$16.96M	$16.11M	$14.31M
YoY Change	24.9%	36.8%	18.37%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.635M	$3.564M	$3.647M
YoY Change	2.14%	-2.28%	7.84%
Goodwill			$40.00K
YoY Change			0.0%
Intangibles	$58.00K	$71.00K	$98.00K
YoY Change
Long-Term Investments
YoY Change
Other Assets	$12.00K	$13.00K	$16.00K
YoY Change	-33.33%	-99.79%	220.0%
Total Long-Term Assets	$4.821M	$4.789M	$4.959M
YoY Change	-52.73%	-51.51%	-37.33%
TOTAL ASSETS
Total Short-Term Assets	$16.96M	$16.11M	$14.31M
Total Long-Term Assets	$4.821M	$4.789M	$4.959M
Total Assets	$21.79M	$20.90M	$19.27M
YoY Change	-8.39%	-3.49%	-3.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.418M	$1.811M	$2.381M
YoY Change	-52.34%	14.33%	70.56%
Accrued Expenses	$2.471M	$2.316M	$2.241M
YoY Change	47.79%	46.68%	38.68%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.992M	$4.772M	$4.856M
YoY Change	-15.53%	47.51%	61.22%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$40.00K	$42.00K	$76.00K
YoY Change	-56.04%	-62.5%	-47.59%
Total Long-Term Liabilities	$40.00K	$42.00K	$76.00K
YoY Change	-56.04%	-62.5%	-47.59%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.992M	$4.772M	$4.856M
Total Long-Term Liabilities	$40.00K	$42.00K	$76.00K
Total Liabilities	$4.032M	$4.814M	$4.932M
YoY Change	-16.3%	43.83%	56.22%
SHAREHOLDERS EQUITY
Retained Earnings	$3.628M	$2.042M	$212.0K
YoY Change
Common Stock	$14.13M	$14.04M	$14.13M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$17.75M	$16.08M	$14.34M
YoY Change
Total Liabilities & Shareholders Equity	$21.79M	$20.90M	$19.27M
YoY Change	-8.39%	-3.49%	-3.66%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2022 Q4
OPERATING ACTIVITIES
Net Income	$1.586M	$1.277M	$190.0K
YoY Change	215.31%	162.76%	630.77%
Depreciation, Depletion And Amortization	$205.0K	$204.0K	$199.0K
YoY Change	10.22%	13.97%	30.92%
Cash From Operating Activities	$1.494M	$500.0K	$837.0K
YoY Change	519.92%	-55.52%	-47.49%
INVESTING ACTIVITIES
Capital Expenditures	$263.0K	$224.0K	$273.0K
YoY Change	-198.13%	-219.15%	-180.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$263.0K	-$224.0K	-$273.0K
YoY Change	-1.87%	19.15%	-19.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	0.000	-82.00K	-444.0K
YoY Change	-100.0%	-94.11%	-3.9%
NET CHANGE
Cash From Operating Activities	1.494M	500.0K	837.0K
Cash From Investing Activities	-263.0K	-224.0K	-273.0K
Cash From Financing Activities	0.000	-82.00K	-444.0K
Net Change In Cash	1.231M	194.0K	120.0K
YoY Change	-514.48%	-142.45%	-84.85%
FREE CASH FLOW
Cash From Operating Activities	$1.494M	$500.0K	$837.0K
Capital Expenditures	$263.0K	$224.0K	$273.0K
Free Cash Flow	$1.231M	$276.0K	$564.0K
YoY Change	141.85%	-78.96%	-70.84%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
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CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	142000	usd
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CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000
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CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2725670
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2726798
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2726798
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9710
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-41391
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-0457944
	dei	Entity Address Address Line1 EntityAddressAddressLine1	2525 Shader Rd.
	dei	Entity Address City Or Town EntityAddressCityOrTown	Orlando
	dei	Entity Address State Or Province EntityAddressStateOrProvince	FL
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	32804
	dei	City Area Code CityAreaCode	407
	dei	Local Phone Number LocalPhoneNumber	298-2000
	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01
	dei	Trading Symbol TradingSymbol	MPTI
	dei	Security Exchange Name SecurityExchangeName	NYSEAMER
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
	dei	Entity Shell Company EntityShellCompany	false
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	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	19507000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	14755000	usd
CY2023Q2	us-gaap	Manufacturing Costs ManufacturingCosts	5921000	usd
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CY2023Q2	mpti	Engineering Selling And Administrative EngineeringSellingAndAdministrative	2654000	usd
CY2022Q2	mpti	Engineering Selling And Administrative EngineeringSellingAndAdministrative	2049000	usd
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CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1582000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	592000	usd
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CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	305000	usd
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	us-gaap	Net Income Loss NetIncomeLoss	1830000	usd
	us-gaap	Net Income Loss NetIncomeLoss	1105000	usd
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CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1321000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	926000	usd
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	us-gaap	Share Based Compensation ShareBasedCompensation	211000	usd
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	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	214000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	548000	usd
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	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1195000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	907000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-349000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-34000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-300000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	225000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	779000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	964000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	302000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	395000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-302000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-395000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	82000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	-0	usd
	mpti	Net Transfers From To Former Parent NetTransfersFromToFormerParent	0	usd
	mpti	Net Transfers From To Former Parent NetTransfersFromToFormerParent	62000	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	-0	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	20000	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	-0	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	2143000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-82000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2101000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	395000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1532000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	926000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2635000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1321000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1103000	usd
	us-gaap	Interest Paid Net InterestPaidNet	7000	usd
	us-gaap	Interest Paid Net InterestPaidNet	5000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	97000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	16000	usd
CY2022Q4	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	2676469
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2697696
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2676469
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2688065
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2676469
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	13570
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	21513
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2711266
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2676469
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2709578
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2676469
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9710
	us-gaap	Fiscal Period FiscalPeriod	<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i>Interim Financial Statements</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Consolidated and Combined Financial Statements as of and for the <em style="font: inherit;">three</em> and <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2023 </em>and <em style="font: inherit;">2022</em> are unaudited. These Consolidated and Combined Financial Statements should be read in conjunction with the audited Consolidated and Combined Financial Statements and notes thereto for the fiscal years ended <em style="font: inherit;"> December 31, 2022 </em>and <em style="font: inherit;">2021</em>, contained within the Company’s Annual Report on Form <em style="font: inherit;">10</em>-K, filed with the Securities and Exchange Commission (the “SEC”) on <em style="font: inherit;"> March 30, 2023.</em></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">In the opinion of management, the accompanying Consolidated and Combined Financial Statements reflect all adjustments, which are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"></p>
	us-gaap	Use Of Estimates UseOfEstimates	<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i>Use of Estimates</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of the Consolidated and Combined Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"></p>
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1064000	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	981000	usd
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i>Concentration Risks</i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">For the <em style="font: inherit;">three</em> and <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2023</em>, the Company's largest customer accounted for $2,723,000, or 26.9%, and $5,057,000, or 25.9%, of the Company's total revenues, respectively, compared to $2,110,000, or 29.9%, and $4,173,000, or 28.3%, of the Company’s total revenues for the <em style="font: inherit;">three</em> and <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2022</em>, respectively. For the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> June 30, 2023 </em>and <em style="font: inherit;">2022,</em> the Company’s <em style="font: inherit;">second</em> largest customer accounted for $1,662,000, or 16.4%, compared to $884,000, or 11.3%, of the Company’s total revenues, respectively, and for the <em style="font: inherit;">six</em> months ended <em style="font: inherit;"> June 30, 2023 </em>and <em style="font: inherit;">2022</em> the <em style="font: inherit;">second</em> largest customer accounted for $2,671,000, or 13.7%, compared to $1,803,000, or 12.2%, of the Company’s total revenues, respectively.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">A significant portion of the Company's accounts receivable is concentrated with a relatively small number of customers. As of <em style="font: inherit;"> June 30, 2023</em>, four of the Company's largest customers accounted for approximately $3,932,000, or 68.4%, of accounts receivable. As of <em style="font: inherit;"> December </em><em style="font: inherit;">31,</em> <em style="font: inherit;">2022,</em> <span style="-sec-ix-hidden:c101621001">four</span> of the Company's largest customers accounted for approximately <em style="font: inherit;">$2,872,000,</em> or 53.8%, of accounts receivable. The Company carefully evaluates the creditworthiness of its customers in deciding to extend credit. As a result, the Company has experienced very low historical bad debt expense and believes the related risk to be minimal.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"></p>
CY2022Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	3173000	usd
CY2023Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1515000	usd
CY2023Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1502000	usd
CY2022Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1318000	usd
CY2023Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	3648000	usd
CY2022Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	3335000	usd
CY2023Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	3550000	usd
CY2022Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1010000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	8713000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	7518000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.205	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.203	pure
CY2023Q2	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	0	usd

Files In Submission

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0001437749-23-023115-index.html	Edgar Link	pending
0001437749-23-023115.txt	Edgar Link	pending
0001437749-23-023115-xbrl.zip	Edgar Link	pending
ex_525050.htm	Edgar Link	pending
ex_525051.htm	Edgar Link	pending
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ex_525053.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
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mpti-20230630.xsd	Edgar Link	pending
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mpti20230630_10q_htm.xml	Edgar Link	completed
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mpti-20230630_cal.xml	Edgar Link	unprocessable

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$MPTI
M-tron Industries, Inc. Stock $mpti

2023 Q3 Form 10-Q Financial Statement

#000143774923023115 Filed on August 10, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MPTI M-tron Industries, Inc. Stock $mpti

2023 Q3 Form 10-Q Financial Statement

#000143774923023115 Filed on August 10, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MPTI
M-tron Industries, Inc. Stock $mpti