MPTI
M-tron IndustriesBDocument history
Earnings documents stored for MPTI.
Investor releaseQuarter not tagged2026-05-08M-tron Industries, Inc. Reports First Quarter 2026 Results
PR Newswire
M-tron Industries, Inc. Reports First Quarter 2026 Results
Revenues increased 15.3%, or $2.0 million, to $14.7 million for the three months ended March 31, 2026 from $12.7 million for the three months ended March 31, 2025 Gross margin improved to 44.9% for the three months ended March 31, 2026 from 42.5% for the three months ended March 31, 2025 Net income per diluted share increased $0.11 to $0.67 for the three months ended March 31, 2026 from $0.56 for the three months ended March 31, 2025 Backlog increased $21.3 million, or 38.4%, to $76.8 million as of March 31, 2026 from $55.5 million as of March 31, 2025 ORLANDO, Fla., May 7, 2026 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company"), a U.S.-based designer and manufacturer of highly-engineered electronic components and solutions for the aerospace and defense, avionics, and space industries, announced its financial results for the three months ended March 31, 2026. "Mtron delivered another quarter of record revenue, marking our fourth consecutive record quarter," said Cameron Pforr, Mtron Chief Executive Officer. "Our gross margins were also healthy due to higher revenues and continued focus on manufacturing efficiencies" "We also successfully completed the rights offering on April 27, 2026, issuing 713,362 shares and strengthening our balance sheet with an additional $42.1 million of cash," continued Mr. Pforr. "This puts us in a great position to execute as we navigate the opportunities arising in the defense sector." Results from Operations Revenue was $14.7 million in the first quarter of 2026 compared with $12.7 million in the first quarter of 2025. The increase was primarily due to strong defense product shipments as well as higher avionics sector shipments. Gross margin was 44.9% in the first quarter of 2026 compared with 42.5% in the first quarter of 2025. The increase is primarily due to higher revenues, product mix, and manufacturing efficiencies. Net income was $2.4 million, or $0.67 per diluted share, in the first quarter of 2026 compared with $1.6 million, or $0.56 per diluted share, in the first quarter of 2025. The increase in revenues discussed above, manufacturing efficiencies, and higher interest income partially offset by higher engineering, selling and administrative expenses related to higher research and development costs, higher sales commissions from an increase in revenues, and an increase in corporate...
Investor releaseQuarter not tagged2026-05-08M-tron Industries, Inc. (MPTI) Q1 Earnings and Revenues Top Estimates
Zacks
M-tron Industries, Inc. (MPTI) Q1 Earnings and Revenues Top Estimates
M-tron Industries, Inc. (MPTI) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +9.84%. A quarter ago, it was expected that this company would post earnings of $0.64 per share when it actually produced earnings of $0.99, delivering a surprise of +54.69%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. M-tron Industries, Inc., which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $14.69 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $12.73 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. M-tron Industries, Inc. shares have added about 37.6% since the beginning of the year versus the S&P 500's gain of 7.6%. While M-tron Industries, Inc. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for M-tron Industries, Inc. was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near futu...
Investor releaseQuarter not tagged2026-05-05KBR Inc. (KBR) Q1 Earnings and Revenues Top Estimates
Zacks
KBR Inc. (KBR) Q1 Earnings and Revenues Top Estimates
KBR Inc. (KBR) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.92%. A quarter ago, it was expected that this the engineering, construction company would post earnings of $0.95 per share when it actually produced earnings of $0.99, delivering a surprise of +4.21%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. KBR, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $1.92 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 3.65%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. KBR shares have lost about 3.8% since the beginning of the year versus the S&P 500's gain of 5.2%. While KBR has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for KBR was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) st...
Investor releaseQuarter not tagged2026-04-30Quanta Services (PWR) Tops Q1 Earnings and Revenue Estimates
Zacks
Quanta Services (PWR) Tops Q1 Earnings and Revenue Estimates
Quanta Services (PWR) came out with quarterly earnings of $2.68 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +31.21%. A quarter ago, it was expected that this specialty contractor for utility and energy companies would post earnings of $3 per share when it actually produced earnings of $3.16, delivering a surprise of +5.33%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Quanta Services, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $7.87 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 12.61%. This compares to year-ago revenues of $6.23 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Quanta Services shares have added about 48.9% since the beginning of the year versus the S&P 500's gain of 4.2%. While Quanta Services has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Quanta Services was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future....
Investor releaseQuarter not tagged2026-04-21M-tron Industries, Inc. Announces Preliminary Results of Rights Offering
PR Newswire
M-tron Industries, Inc. Announces Preliminary Results of Rights Offering
ORLANDO, Fla., April 21, 2026 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company"), a U.S.-based designer and manufacturer of highly-engineered electronic components and solutions for the aerospace and defense, avionics, and space industries, announced today the preliminary results of its previously announced rights offering (the "Rights Offering"). The Rights Offering commenced on March 31, 2026 and expired in accordance with its terms at 5:00 p.m., Eastern Time, on April 20, 2026 (the "Expiration Date"). According to Computershare Trust Company, N.A. (the "Subscription Agent"), as of the Expiration Date, 2,700,249 basic subscription rights were exercised to purchase an aggregate of 540,049 shares of the Company's common stock, par value $0.01 (the "Common Stock"), and 791,976 additional shares of Common Stock were subscribed for under the oversubscription privilege, subject to proration (the "Oversubscription Privilege"). The Rights Offering was oversubscribed. Pursuant to the terms of the Rights Offering, subscription rights holders ("Rightsholders") who exercised their Oversubscription Privilege will receive the available shares of Common Stock pro rata among such oversubscribing Rightsholders in proportion to the number of shares of Common Stock that each such Rightsholder requested in the Oversubscription Privilege. Excess amounts for any oversubscribed shares of Common Stock will be refunded to applicable Rightsholders as soon as practicable via check without interest or deduction. The shares of Common Stock to be issued at the closing of the Rights Offering will be purchased at the subscription price of $59.00 per share. The Company expects the Subscription Agent to distribute the shares of Common Stock and the proceeds from the Rights Offering on or about April 24, 2026, subject to customary closing conditions. The results of the Rights Offering are preliminary and subject to change pending finalization of subscription procedures by the Subscription Agent. The Company expects to file a Current Report on Form 8-K on or about April 24, 2026, that will include the final results of the Rights Offering. If a Rightsholder did not exercise its subscription rights prior to the Expiration Date, such rights have expired and are void and have no value. Rightsholders who have participated in the Rights Offering should expect...
TranscriptFY2025 Q42026-03-26FY2025 Q4 earnings call transcript
Earnings source - 83 paragraphs
FY2025 Q4 earnings call transcript
Hello, and thank you for standing by. My name is Bella, and I will be your conference operator today. At this time, I would like to welcome everyone to M-tron Earnings Call for Q4 2025. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session.
We do request for today's session that you please limit to one question only and one follow-up. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. To withdraw your question, press star one again. I would now like to turn the conference over to Linda Biles, Executive Vice President of Finance. You may begin.
Good morning, everyone. Thank you for joining our M-tron Q4 2025 and fiscal year 2025 earnings call. Please note that this call will be recorded, and we will make the recording available on our website, www.mtron.com, shortly after the call. Tuesday afternoon, we released our earnings for the fourth fiscal quarter of 2025 and annual fiscal year 2025.
Before getting underway, we are required to advise you that the following discussion should be taken in conjunction with our most recent financial statements and notes as contained within our 2025 10-K, which was filed today on March 26 with the SEC.
This discussion may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements contain known and unknown risks and uncertainties, which are detailed in our filings with the SEC.
Although the company believes that the forward-looking statements are based upon reasonable assumptions regarding its business and future market conditions, there are no assurances that the company's actual results will not differ materially from any result expressed or implied by the company's forward-looking statements.
The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events, or otherwise. Readers are cautioned that any forward-looking statements are not guarantees of future performance. With that, I will now turn the call over to our CEO, Cameron Pforr.
Thank you, Linda. Good morning, everyone, and thank you for joining our fourth quarter and annual FY 2025 earnings call and your interest in the company. We are pleased to discuss our strong finish to 2025 fiscal year and our outlook going forward. M-tron designs and manufactures highly engineered RF solutions, including electronic components and sub-assemblies used to control the frequency and timing of signals and electronic circuits.
We're a global company with three manufacturing sites in the United States and India. The company's primary markets include aerospace and defense, commercial avionics, space, and industrial markets. We're pleased to report that the company continued to perform well with continued strength in M-tron sales and good financial performance for Q4 FY 2025.
Our revenues continue to be driven by defense-related orders and strong improvement in the commercial aircraft or what we call the avionics sub-sector. Bookings growth was particularly strong with a 62% increase in backlog over the 2024 year-end figure.
With improved operating leverage, we have been able to continue to make strategic investments in research and development and continued our efforts to increase the market profile of the company and the request for quotes that visibility is generating. We also continue to make investments in our production facilities and made several equipment upgrades in addition to our production lines as we prepare for increased demand.
The past quarter has been an extremely active one for the defense sector. With the recent military action in Venezuela and Iran, it's easy to get distracted from some of the important fundamental industry news. The FY 2026 defense budget was approved for FY 2026 through H.R. 7148, signed by President Trump in early 2026.
With the White House and Department of War have also voiced a desired increase in military procurement to the $1.5 trillion level from the current annual $968 billion dollar budget from 2026. In February, both Lockheed Martin and Raytheon announced that they had signed seven-year production agreements with the Department of War to dramatically increase production over time for several important missile systems that each produce.
M-tron is a significant vendor to both of these companies for many precision-guided munition programs. Over the past several years, this has been one of the most significant growth areas for M-tron. In fact, we believe that M-tron has one of the highest levels of missile content in its revenue among publicly listed U.S.-based companies.
After many months of discussion and planning around how we could significantly increase production levels if required, we are now being asked to bid on components to several of these contracts. Provided that we do win significant design slots, we would anticipate not seeing an additional increase to our production volumes over what we received recently in December and January to late 2027 or 2028.
Overall, we believe that we are well-positioned to continue to perform well with a significant upside potential given Department of War's actions and the recent conflict in Iran, which does not appear to have been factored into the current design-demand cycle. We reported the following Q4 2025 results. Total revenues for the fourth quarter were $14.2 million, an 11.2% increase over the same period last year.
The revenue increase in the period was primarily due to strong defense program product as well as avionics shipments. Gross margins for the fourth quarter of 2025 were 46.9% as compared to 47.2% in Q4 2024. The gross margins were impacted by a level of tariffs not experienced in 2024 and the product mix.
Net income per diluted share was $0.99 for the three months ended December 31, 2025, as compared to $0.73 per share in the prior year's period. An adjusted EBITDA was $4.5 million for the three months ending December 31, 2025, for an increase of 46.8% over the $3.1 million adjusted EBITDA for Q4 of FY 2024.
The increase was primarily driven by higher revenues, lower engineering, sales, and administrative expense as a percent of revenue, and was offset by the lower gross margins. Backlog at the end of of the quarter was $76.4 million as compared to $47.2 million as of December 31, 2024. The 62% increase reflects the continued strategy and focus on securing large, long-duration, program-centric business.
During 2025, we secured several multi-year purchase orders for defense programs. In addition, the timing of these purchase orders can materially affect backlog. For the fiscal 2025 year, we reported the following results. Total revenues for the 2025 fiscal year were $54.4 million, an 11.2% increase over the same period last year.
The revenue increase in the period was primarily due to defense program product and solution shipments, as well as an increase in avionics shipments. Gross margins for 2025 were 44.4% as compared to 46.2% gross margin in 2024. Gross margin was impacted by the higher tariff-related costs and a less favorable product mix compared to 2024, primarily around new product introductions.
Net income was $8.4 million or $2.62 dollars per diluted share in 2025 as compared to $7.6 million or $26.5 dollars per share in 2024. The increase in the actual net income was driven through the increase in revenue, partially offset by the higher cost of sales.
Adjusted EBITDA was $12.6 million in 2025 as compared to $11.1 million in 2024. The increase was primarily due to higher revenues, continued operating leverage, and a lower incentive compensation, partially offset by lower gross margins. Speaking of the lower compensation expense, in 2024, the company paid a cash bonus to employees and management for overachieving its annual plan.
In 2025, management anticipated the company being able to achieve similar results against plan, but the results, while reflecting solid operational execution in a challenging environment marked by tariffs and increased new product introductions, did not achieve this result. As a result, the company reversed $860,000 in earlier accrued incentive compensation expense, which had a favorable 6% impact on the fourth quarter results.
For comparison purposes, in fiscal year 2024, the cash bonus plan expense totaled $1.4 million, representing approximately 3% of revenue. For 2025, the board decided to grant stock compensation in lieu of cash to further align the long-term interests of employees and management with shareholders.
The board of directors now intends to develop a more balanced incentive plan expected to incorporate several performance metrics designed to encourage, measure, and reward the long-term sustainable growth of the company's revenue and earnings. We had a lot of activity in Q4 2025 to strengthen the balance sheet. M-tron operations are at the performance level currently where it's starting to accumulate cash on the balance sheet. In fiscal year 2025, we added $10.7 million of cash through operations.
In addition, in December of 2025, we signed a new loan agreement with Fifth Third Bank, which provided the company the ability to borrow up to $20 million at a very competitive rate based on company leverage. Currently, we have no debt outstanding and haven't drawn upon this line.
Lastly, at the end of the year, we closed a warrant offering that we launched in the spring of 2025. The offering was fully subscribed with 582,233 shares being issued at the end of December and early January. And net proceeds of $27.5 million being raised for the company, increasing our flexibility to pursue acquisitions that align with our long-term strategy.
At the end of the period, M-tron had $20.9 million of cash on the balance sheet with an additional $27.5 million being transferred early January 2026 to the company from our transfer agent as warrant proceeds. As we look forward into 2026, we continue to expand our defense program business, which makes up the vast majority of our aerospace and defense revenue.
Two of the areas where we expect strong growth in 2026 and 2027 are radar and electronic warfare. These are areas that we emphasize from a sales and engineering perspective several years ago. There's a broad redesign of many military fire control radars due to the change in warfare incorporating a breadth of weapons ranging from hypersonic missiles to small and slow-moving or even loitering drones. There's also a newer class of mid-range radar being developed and widely deployed for counter-drone missions.
We are active in this market as well and have seen demand increase over the recent periods. Control of the electromagnetic spectrum is more important than ever as autonomous software-driven systems play a greater role in the battlefield. We also continue to expect strong growth throughout the year from commercial avionics shipments as we serve key suppliers to both Boeing and Airbus.
Our position in this market is quite strong, and our products are used in 15-17 different applications on every commercial airframe that Airbus and Boeing produce. With inventories largely depleted at the airframe manufacturers, orders for components and subsystems have picked up as the airframe manufacturers execute on their backlog, projected to be strong through 2035.
While our management team is focused on executing on our organic growth strategy, we are placing a greater emphasis on combining that with inorganic growth through partnership and acquisitions. In 2025, we formed three strategic partnerships with complementary product companies.
We recently announced a rights offering to provide the team greater flexibility to execute against our acquisition strategy. The record day for these rights will be tomorrow, March 27, 2026. Shareholders of record who exercise their full basic subscription rights are eligible to participate in the oversubscription feature should there be unallocated shares from the offering. The offering is expected to launch early next week, and the rights are expected to expire on April 15, 2026.
Five rights will be required to purchase one share of common stock, and the subscription price per share will be determined next week when we file our perspective supplement on Monday or Tuesday, March thirtieth or thirty-first. It's anticipated that the subscription price will be at a 10%-12% discount to the trailing five-day volume-weighted average price per share.
This offering is designed to support accretive acquisitions, the ability to perform carve-outs or participate in carve-outs, transactions of scale, the pursuit of strategic investments, and also to expand our internal capabilities to meet demand.
I'd like to thank our loyal employees for supporting the company and its mission of serving the nation and its capability to defend freedom. M-tron plays a critical role in defending our nation by providing U.S.-sourced, highly engineered components for many U.S. and allied military programs.
Strengthening the U.S. defense industrial base is more important than ever, and we thank our employees for their dedication to their jobs, their fellow employees, and our mission. We also wanna thank our customers for their continued business and partnership.
I wanna mention that we will be holding an investor day in New York on May 12, beginning at 12:00 P.M. at the New York Stock Exchange at 11 Wall Street. Hope you can attend that. Please check our investor relations calendar on our IR website, ir.mtron.com, for announcements about this and other investor events. With that, operator, can you please open the lines and allow the first question?
At this time, I would like to remind everyone in order to ask a question, press star and then the number one on your telephone keypad. We do request for today's session that you please limit to one question and one follow-up. We will pause for just a moment to compile the Q&A roster. Your first question comes from the line of Anja Soderstrom with Sidoti. Please go ahead.
Hi, and thank you for taking my questions. You've done a lot to strengthen the balance sheet lately. What's the motivation for this rights offering?
Yeah. Hi. Morning, Anja. Thank you for, you know, being on the call. The rights offering really is it reflects a lot of the changes in the industry that are taking place right now. There is a tremendous amount of demand in the market.
For example, for some of these larger seven-year engagements, we're being asked now to assemble quotes to handle the demand curve as well as obviously make the financings necessary to increase our own capacity. It's really being driven more. We're gonna do that with some of the proceeds, but it's really more being driven by some of the pressure from the industry, from the Department of War on primes to become more nimble.
We do expect divestitures from primes as well as a number of PE firms trying to find exits for their portfolio companies in this space. We think this is creating more of an opportunity than we've seen in the past to do potentially larger transactions.
It could be a carve-out, or it could be a merger of equals, that kind of thing, but it definitely helps to have cash on the balance sheet to be able to execute and be included in processes and kind of improves basically bankers' and other intermediaries' belief of certainty of close.
We believe that having a stronger balance sheet is gonna allow M-tron to take advantage of the opportunities, and also strengthen our posture, I guess, with primes as they look to us as a key supplier as the demand increases.
Okay, thank you. In terms of the gross margin, nice work there on a sequential basis. Even though the revenue didn't increase that much on a sequential basis, is that all mostly then driven by the product mix and you ramping new programs since the tariff seems to have had a negative effect? I'm just trying to figure out as we lap this tariff impact, how should we think about gross margin for next year?
Yeah. No, those are good questions. Some of the impact in December of 2025, that was, you know, if you look at that, it was a little bit lower than the prior year. And that was the impact of tariffs as well as still some residual product mix issues.
And that's just really from newer products. In December of 2024 and also September of 2024 quarters, we also had some last time buys at very high margins, and those are more periodic I guess. If we look forward though.
Okay.
You know, it's I do believe that we'll have a more favorable product mix going forward, but you know, we do have an increase in the orders for some of these newer products we've been producing, so we're still kind of working through what that impact is.
We do expect a slightly more favorable tariff environment next year. We in 2025, tariffs impact our gross margins by that 1%. We do expect them to be a little bit less in 2026 and forward, but we're just starting to see some changes in tariffs being implemented now, and it's you know, it's obviously a moving target. We'll see what comes out.
Okay, thank you. One last one. In terms of the backlog, nice growth there as well.
Mm-hmm.
What's most of your growth coming from?
Yeah. The backlog was driven by defense and aerospace and then avionics. Both of those were strong growth areas in the backlog. Earlier in the year we did see an increase in space as well, and we're hoping that as we look into 2027, 2028, there'll be more opportunities in space, especially resulting from the Golden Dome initiatives.
Okay, great. Thank you. That was all for me.
Thank you, Anja.
Your next question comes from the line of Zan Adair with Freedom Broker. Please go ahead.
Hi. Thank you for taking my question. First it relates to the, how meaningful is the drone exposure today in your business, and, can it become a more material part of the, mix over time?
Zan, thank you for joining. You were asking about the exposure to the drone warfare?
Yeah.
Yes. Okay. Yeah, drones are definitely an active part of our business. We participate in two ways. One is we do sell solutions and components to several of the manufacturers of drones. We've been doing that since 2014. We tend to service some of the primes that are making the larger drones.
They maybe were ISR or kinetically focused, but these are the larger drones like, you know, you can think about those as like Global Hawk and Reaper and things like that. It's that class of drone. We do not participate in the FPV drones. Those are usually, as they're very, very attritable, designed with less expensive parts that don't really rely on reliability or wouldn't pay for reliability.
That's a relatively small part of our business, but it is growing. In the prior year, we typically do like $1.5-$2 million of revenue in that space. I think that's gonna grow. The other area that's also very, very much impacted by drone warfare is what's happening in the radar space.
Most of the radar systems that we support are being redesigned because of drones, but then we're also getting very significant orders and a lot of growth in this mid-range radar, which is almost entirely focused on counter-drone warfare. That will become a substantial part of our revenue going forward, we believe.
Okay. Thank you. It's helpful for me. Can you quantify the radar systems revenue for 2026?
Could you just repeat that? It was a little bit hard to understand.
Can, uh-
Could you re-
Or maybe... Mm-hmm.
Could you just repeat that? It was a little bit hard to understand.
Oh, okay. First, can you quantify the revenue exposure from the radar systems for 2026? Or maybe some color of them.
You want me to quantify the drone exposure in 2026?
Yes. Also radar systems also.
Yeah. I think, you know, it'll probably total around roughly $4 million probably.
Okay. Okay.
Mm-hmm.
That's all for me. Thank you.
Yeah, thank you.
That concludes our Q&A session. I will now turn the call back over to Cameron Pforr for closing remarks.
Okay. Well, thank you everyone. Appreciate the questions. I'd like to thank everybody for participating today and your interest in M-tron. Have a great day, and please contact us at [email protected]. Should you have any additional questions, we'd be happy to handle those.
Ladies and gentlemen, that concludes today's call. Thank you all for joining. You may now disconnect. Everyone, have a great day.
Investor releaseQuarter not tagged2026-03-25M-tron Industries, Inc. Reports Fourth Quarter and Full Fiscal Year 2025 Results
PR Newswire
M-tron Industries, Inc. Reports Fourth Quarter and Full Fiscal Year 2025 Results
Fourth Quarter 2025 Highlights Revenues were $14.2 million for the three months ended December 31, 2025 compared to $12.8 million for the three months ended December 31, 2024 Gross margin were 46.9% for the three months ended December 31, 2025 compared to 47.2% for the three months ended December 31, 2024 Net income per diluted share was $0.99 for the three months ended December 31, 2025 compared to $0.73 for the three months ended December 31, 2024 Fiscal Year 2025 Highlights Revenues were $54.4 million for the fiscal year ended December 31, 2025 compared to $49.0 million for the fiscal year ended December 31, 2024 Gross margin was 44.4% for the fiscal year ended December 31, 2025 compared to 46.2% for the fiscal year ended December 31, 2024 Net income per diluted share was $2.62 for the fiscal year ended December 31, 2025 compared to $2.65 for the fiscal year ended December 31, 2024 Backlog increased 61.8% to $76.4 million as of December 31, 2025 from $47.2 million as of December 31, 2024 ORLANDO, Fla., March 24, 2026 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company"), a U.S.-based designer and manufacturer of highly-engineered electronic components and solutions for the aerospace and defense, avionics, and space industries, announced strong financial results for the fourth quarter and full fiscal year ended December 31, 2025. Cameron Pforr, Chief Executive Officer, said: "We delivered another year of strong top-line performance, with revenues increasing 11.2% over 2024, which extended our record of annual revenue growth since the Company's IPO in October 2022. The growth in revenues was fueled by a significant increase in our backlog, which grew 61.9% to $76.4 million as of December 31, 2025. This reflects the continued demand for our products and solutions and the strength of our relationship with our customers. "While 2025 gross margin was lower than 2024, gross margin has improved for three consecutive quarters to 46.9%, which we believe more accurately reflects the underlying strength of our business. "We also significantly strengthened our balance sheet with a successful warrant exercise, resulting in the issuance of 470,205 shares of common stock in 2025, with an additional 112,028 issued via the oversubscription privilege in January 2026. In aggregate, the warrants generated approximately $27.5 million of incre...
Investor releaseQuarter not tagged2026-03-25M-tron Industries Q4 Earnings, Revenue Rise
MT Newswires
M-tron Industries Q4 Earnings, Revenue Rise
M-tron Industries (MPTI) reported Q4 net income late Tuesday of $0.99 per diluted share, up from $0.
Investor releaseQuarter not tagged2026-03-25M-tron Industries, Inc. (MPTI) Surpasses Q4 Earnings and Revenue Estimates
Zacks
M-tron Industries, Inc. (MPTI) Surpasses Q4 Earnings and Revenue Estimates
M-tron Industries, Inc. (MPTI) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +54.69%. A quarter ago, it was expected that this company would post earnings of $0.7 per share when it actually produced earnings of $0.63, delivering a surprise of -10%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. M-tron Industries, Inc., which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $14.23 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.66%. This compares to year-ago revenues of $12.81 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. M-tron Industries, Inc. shares have added about 11.6% since the beginning of the year versus the S&P 500's decline of 3.9%. While M-tron Industries, Inc. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for M-tron Industries, Inc. was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future....
Investor releaseQuarter not tagged2026-02-26KBR Inc. (KBR) Beats Q4 Earnings Estimates
Zacks
KBR Inc. (KBR) Beats Q4 Earnings Estimates
KBR Inc. (KBR) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +4.43%. A quarter ago, it was expected that this the engineering, construction company would post earnings of $0.95 per share when it actually produced earnings of $1.02, delivering a surprise of +7.37%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. KBR, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $1.89 billion for the quarter ended December 2025, missing the Zacks Consensus Estimate by 0.21%. This compares to year-ago revenues of $2.12 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. KBR shares have added about 1.5% since the beginning of the year versus the S&P 500's gain of 1.5%. While KBR has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for KBR was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy...
Investor releaseQuarter not tagged2026-01-06M-tron Industries, Inc. Announces Exercise Results of Dividend Warrants Distributed in April 2025
PR Newswire
M-tron Industries, Inc. Announces Exercise Results of Dividend Warrants Distributed in April 2025
ORLANDO, Fla., Jan. 6, 2026 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company"), a U.S.-based designer and manufacturer of highly-engineered electronic components and solutions for the aerospace and defense, avionics, and space industries, today announced the successful results of the exercise of warrants to purchase shares of Mtron common stock, par value $0.01 (the "Common Stock") (the "Warrants"). The Warrants were granted on April 25, 2025 and expired after 5:00 p.m. on Tuesday December 23, 2025. As of January 5, 2026, 100% of the shares available to be issued from the Warrants have been issued through a combination of the Basic Warrant Exercise Rights and the Over-Subscription Privilege. Highlights (subject to final adjustments for final reconciliation of warrant exercises): 582,233 shares of Common Stock were issued Approximately $27.7 million in gross proceeds generated for Mtron Warrant dividend program has concluded and warrants are no longer exercisable. "We designed the warrant dividend to reward our shareholders of record, and we're very pleased with the results," said Cameron Pforr, Chief Executive Officer of Mtron. "The strong participation in both the basic exercise and the over-subscription privilege reflects meaningful shareholder support and confidence in our strategy and national security mission. Additionally, this transaction meaningfully strengthens our balance sheet, providing flexibility as we continue to invest in growth, expansion of our product portfolio, and support critical aerospace and defense programs." Background on Warrant Dividend Mtron announced a dividend of warrants on February 28, 2025, with warrants distributed on April 25, 2025, to stockholders of record on March 10, 2025. Five (5) Warrants were exercisable to purchase one (1) share of common stock at an exercise price of $47.50 per share. Additionally, there was an over-subscription privilege available to Warrant holders who exercised their Warrants in full, whereby such Warrant holder could subscribe for any or all of the shares issuable pursuant to any unexercised Warrants on the terms and subject to the conditions outlined in the Warrant Agreement. The Warrants had a stated expiration date of April 25, 2028; however, there was an early acceleration trigger under which the Warrants were immediately exercisable if the average vol...
Investor releaseQuarter not tagged2025-11-14M-Tron Industries Inc (MPTI) Q3 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
GuruFocus.com
M-Tron Industries Inc (MPTI) Q3 2025 Earnings Call Highlights: Strong Revenue Growth Amid ...
This article first appeared on GuruFocus. Release Date: November 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. M-Tron Industries Inc (MPTI) reported a 7.2% increase in total revenues for Q3 2025, reaching $14.2 million, driven by strong growth in avionics, space, and industrial product shipments. The company experienced a significant increase in backlog, which rose by 48% to $58.8 million as of September 30, 2025, reflecting robust demand across aerospace and defense programs. M-Tron Industries Inc (MPTI) continues to make strategic investments in research and development, focusing on hiring design engineers to drive innovation and revenue growth. The company is involved in over 40 programs of record, many of which are sole source programs, positioning it to benefit from increased spending in aerospace and defense. M-Tron Industries Inc (MPTI) has developed an internally compensated oscillator that is significantly smaller than traditional models, meeting high demand and showcasing the company's innovation capabilities. Gross margins for Q3 2025 decreased to 44.3% from 47.8% in Q3 2024, primarily due to product mix and higher tariff-related costs. Net income for the quarter fell to $1.8 million or $0.63 per diluted share, compared to $2.3 million or $0.81 per diluted share in the same period last year, impacted by a large reversal of the deferred tax asset. The company faces ongoing challenges with tariffs, which are impacting gross margins by 1 to 1.5% of revenue, and anticipates tariffs remaining in place for the next three years. Operating expenses have increased slightly, consistent with the company's growth, contributing to the decrease in net income. Adjusted EBITDA for Q3 2025 slightly decreased to $3.2 million from $3.3 million in the prior year, due to lower gross margins and small investments in strategic growth initiatives. Warning! GuruFocus has detected 6 Warning Signs with PAZRF. Is MPTI fairly valued? Test your thesis with our free DCF calculator. Q: You noted the increased spend on research and development. Is there a specific area you are increasing it within, and can you talk a little bit about what you're doing? A: Cameron, CEO: We are focusing on bringing on board design engineers. As a filter and oscillator company, each type requires different expertise. This hiring helps d...

