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

$mpti Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000143774923031260 Filed on November 09, 2023

Income Statement

Concept	2023 Q4	2023 Q3	2022 Q3
Revenue	$10.77M	$10.89M	$8.417M
YoY Change	24.21%	29.36%	17.34%
Cost Of Revenue	$6.080M	$6.230M
YoY Change	8.96%
Gross Profit	$4.693M	$4.658M
YoY Change	51.73%
Gross Profit Margin	43.56%	42.78%
Selling, General & Admin	$4.167M	$2.625M
YoY Change	83.97%
% of Gross Profit	88.79%	56.35%
Research & Development	$586.0K	$566.0K
YoY Change
% of Gross Profit	12.49%	12.15%
Depreciation & Amortization	$233.0K	$205.0K	$186.0K
YoY Change	17.09%	10.22%	-52.31%
% of Gross Profit	4.96%	4.4%
Operating Expenses	$4.753M	$2.625M	$7.787M
YoY Change	109.85%	-66.29%	353.79%
Operating Profit	-$60.00K	$2.033M	$630.0K
YoY Change	-107.25%	222.7%	-23.26%
Interest Expense	$13.00K
YoY Change	-360.0%
% of Operating Profit
Other Income/Expense, Net	$113.0K	$13.00K	-$16.00K
YoY Change	-148.5%	-181.25%	-23.81%
Pretax Income	$53.00K	$2.046M	$614.0K
YoY Change	-91.09%	233.22%	-23.25%
Income Tax	-$20.00K	$460.0K	$111.0K
% Of Pretax Income	-37.74%	22.48%	18.08%
Net Earnings	$73.00K	$1.586M	$503.0K
YoY Change	-61.58%	215.31%	-21.16%
Net Earnings / Revenue	0.68%	14.57%	5.98%
Basic Earnings Per Share	$0.03	$0.59	$0.19
Diluted Earnings Per Share	$0.03	$0.57	$0.19
COMMON SHARES
Basic Shares Outstanding	2.788M	2.727M	2.676M
Diluted Shares Outstanding		2.760M	2.676M

Balance Sheet

Concept	2023 Q4	2023 Q3	2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.913M	$2.552M	$806.0K
YoY Change	322.57%	216.63%	-56.27%
Cash & Equivalents	$3.913M	$2.552M	$806.0K
Short-Term Investments
Other Short-Term Assets	$588.0K	$419.0K	$142.0K
YoY Change	-12.63%	195.07%	-44.31%
Inventory	$8.884M	$8.962M	$7.298M
Prepaid Expenses
Receivables	$4.802M	$5.031M	$5.336M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$18.19M	$16.96M	$13.58M
YoY Change	27.06%	24.9%	17.48%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.131M	$3.635M	$3.559M
YoY Change	13.27%	2.14%	11.88%
Goodwill	$5.000K
YoY Change	-87.5%
Intangibles	$45.00K	$58.00K
YoY Change	-54.08%
Long-Term Investments
YoY Change
Other Assets	$10.00K	$12.00K	$18.00K
YoY Change	-37.5%	-33.33%	125.0%
Total Long-Term Assets	$6.118M	$4.821M	$10.20M
YoY Change	23.37%	-52.73%	39.83%
TOTAL ASSETS
Total Short-Term Assets	$18.19M	$16.96M	$13.58M
Total Long-Term Assets	$6.118M	$4.821M	$10.20M
Total Assets	$24.31M	$21.79M	$23.78M
YoY Change	26.11%	-8.39%	26.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.300M	$1.418M	$2.975M
YoY Change	-45.4%	-52.34%	261.04%
Accrued Expenses	$2.807M	$2.471M	$1.672M
YoY Change	25.26%	47.79%	26.86%
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	$4.384M	$3.992M	$4.726M
YoY Change	-9.72%	-15.53%	120.63%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$26.00K	$40.00K	$91.00K
YoY Change	-65.79%	-56.04%	-8.08%
Total Long-Term Liabilities	$26.00K	$40.00K	$91.00K
YoY Change	-65.79%	-56.04%	-8.08%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.384M	$3.992M	$4.726M
Total Long-Term Liabilities	$26.00K	$40.00K	$91.00K
Total Liabilities	$4.410M	$4.032M	$4.817M
YoY Change	-10.58%	-16.3%	114.95%
SHAREHOLDERS EQUITY
Retained Earnings	$3.701M	$3.628M
YoY Change	1645.75%
Common Stock	$16.19M	$14.13M
YoY Change	14.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$19.90M	$17.75M	$18.96M
YoY Change
Total Liabilities & Shareholders Equity	$24.31M	$21.79M	$23.78M
YoY Change	26.11%	-8.39%	26.13%

Cashflow Statement

Concept	2023 Q4	2023 Q3	2022 Q3
OPERATING ACTIVITIES
Net Income	$73.00K	$1.586M	$503.0K
YoY Change	-61.58%	215.31%	-21.16%
Depreciation, Depletion And Amortization	$233.0K	$205.0K	$186.0K
YoY Change	17.09%	10.22%	-52.31%
Cash From Operating Activities	$2.132M	$1.494M	$241.0K
YoY Change	154.72%	519.92%	-82.36%
INVESTING ACTIVITIES
Capital Expenditures	$716.0K	$263.0K	-$268.0K
YoY Change	162.27%	-198.13%	-64.69%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$716.0K	-$263.0K	-$268.0K
YoY Change	162.27%	-1.87%	-64.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-55.00K	0.000	-270.0K
YoY Change	-87.61%	-100.0%	-77.87%
NET CHANGE
Cash From Operating Activities	2.132M	1.494M	241.0K
Cash From Investing Activities	-716.0K	-263.0K	-268.0K
Cash From Financing Activities	-55.00K	0.000	-270.0K
Net Change In Cash	1.361M	1.231M	-297.0K
YoY Change	1034.17%	-514.48%	-51.55%
FREE CASH FLOW
Cash From Operating Activities	$2.132M	$1.494M	$241.0K
Capital Expenditures	$716.0K	$263.0K	-$268.0K
Free Cash Flow	$1.416M	$1.231M	$509.0K
YoY Change	151.06%	141.85%	-76.05%

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	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	103000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	142000	usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000
CY2023Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2023Q3	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
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	25000000
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2787860
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2787860
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2726798
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2726798
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2023-09-30
	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	NYSE
	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
CY2023Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	2787860
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	10888000	usd
CY2022Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	8417000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	30395000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	23172000	usd
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CY2022Q3	us-gaap	Manufacturing Costs ManufacturingCosts	5688000	usd
	us-gaap	Manufacturing Costs ManufacturingCosts	18322000	usd
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CY2023Q3	mpti	Engineering Selling And Administrative EngineeringSellingAndAdministrative	2625000	usd
CY2022Q3	mpti	Engineering Selling And Administrative EngineeringSellingAndAdministrative	2099000	usd
	mpti	Engineering Selling And Administrative EngineeringSellingAndAdministrative	7714000	usd
	mpti	Engineering Selling And Administrative EngineeringSellingAndAdministrative	6206000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	2033000	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	630000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	4359000	usd
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CY2023Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	1000	usd
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CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	12000	usd
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CY2023Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	13000	usd
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CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2046000	usd
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CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	460000	usd
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CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	503000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3416000	usd
	us-gaap	Net Income Loss NetIncomeLoss	1608000	usd
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CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5197000	usd
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CY2023Q3	us-gaap	Land Land	536000	usd
CY2022Q4	us-gaap	Land Land	536000	usd
CY2023Q3	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	4963000	usd
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CY2022Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	19044000	usd
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CY2023Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	1010000	usd
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	us-gaap	Net Income Loss NetIncomeLoss	1608000	usd
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	us-gaap	Share Based Compensation ShareBasedCompensation	297000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	362000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	41000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	302000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-166000	usd
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	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1444000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	2077000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-258000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-107000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1078000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1718000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2273000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1205000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	565000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	663000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-565000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-663000	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	145000	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	2496000	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	-2371000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1626000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1829000	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
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2552000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	806000	usd
	us-gaap	Interest Paid Net InterestPaidNet	14000	usd
	us-gaap	Interest Paid Net InterestPaidNet	9000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1032000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	22000	usd
CY2022Q4	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	2676469
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2703840
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2676469
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2693400
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2676469
CY2023Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	55940
CY2022Q3	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	46419
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2759780
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2676469
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2739819
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2676469
	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 class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 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>
	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>
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1630000	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1505000	usd
CY2023Q3	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	0	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 class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 30, 2023</em>, the Company's largest customer accounted for $3,738,000, or 34.3%, and <span style="-sec-ix-hidden:c104266798">$8.795,000,</span> or 28.9%, of the Company's total revenues, respectively, compared to $2,191,000, or 26.0%, and $6,361,000, or 27.5%, of the Company’s total revenues for the <em style="font: inherit;">three</em> and <em class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 30, 2022</em>, respectively. For the <em style="font: inherit;">three</em> months ended <em style="font: inherit;"> September 30, 2023 </em>and <em style="font: inherit;">2022,</em> the Company’s <em style="font: inherit;">second</em> largest customer accounted for $2,796,000, or 25.7%, compared to $1,712,000, or 20.3%, of the Company’s total revenues, respectively, and for the <em class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 30, 2023 </em>and <em class="GFJY4-DIN-com-rdg-thunderdome-client-resources-CssResource-html-element-highlighted" style="font: inherit;">2022</em> the <em style="font: inherit;">second</em> largest customer accounted for $5,467,000, or 18.0%, compared to $3,510,000, or 14.4%, 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;"> September 30, 2023</em>, four of the Company's largest customers accounted for approximately $4,050,000, or 78.9%, 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:c104266826">four</span> of the Company's largest customers accounted for approximately $2,872,000, 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>
CY2023Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1630000	usd
CY2022Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1318000	usd
CY2023Q3	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	3325000	usd
CY2022Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	3335000	usd
CY2023Q3	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	3768000	usd
CY2022Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	3173000	usd
CY2023Q3	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1869000	usd
CY2022Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1010000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	8962000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	7518000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.214	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.196	pure

Files In Submission

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ex_562394.htm	Edgar Link	pending
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$MPTI
M-tron Industries, Inc. Stock $mpti

2023 Q4 Form 10-Q Financial Statement

#000143774923031260 Filed on November 09, 2023

Income Statement

Balance Sheet

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Facts In Submission

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

2023 Q4 Form 10-Q Financial Statement

#000143774923031260 Filed on November 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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