M
M-tron Industries, Inc.
MPTICIK 0001902314NYSEEmerging GrowthElectronic Components, NecDelawareFY ends Dec 31
Period
FY 2025
Revenue
$54.42M
Net Income
$8.45M
Total Assets
$68.38M
Equity
$63.22M
Shares Out
3.57M
Op. Cash Flow
$10.66M
Business
M-tron Industries, Inc. designs, manufactures and markets highly engineered, high-reliability frequency and spectrum control products for electronic systems used primarily in aerospace, defense, space and avionics applications. Its main products include frequency control devices (quartz, MEMS and advanced-material oscillators and resonators), spectrum control products (RF, microwave and millimeter-wave filters, diplexers and power amplifiers) and Integrated Microwave Assemblies (custom multi-functional modules). The company operates through a single Electronic Components segment encompassing all product lines. It sells globally through direct OEM relationships, contract manufacturers, franchised distributors and a worldwide representative network, with manufacturing in the U.S. and India and a sales office in Hong Kong.
Summary from filing dated 2025-03-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 54 | 49 | 41 | 32 | 27 | |
| Manufacturing cost of sales | 30 | 26 | 24 | 20 | 17 | |
| Engineering, selling and administrative | 14 | 13 | 12 | 8 | 7 | |
| Total costs and expenses | 44 | 40 | 37 | — | — | |
| Operating income | 10 | 9 | 4 | 3 | 2 | |
| Interest income, net | 539,000 | 243,000 | 7,000 | −11,000 | −12,000 | |
| Other income, net | 124,000 | 138,000 | 94,000 | −269,000 | 11,000 | |
| Total other income, net | 663,000 | 381,000 | 101,000 | −280,000 | −1,000 | |
| Income before income taxes | 11 | 10 | 4 | 3 | 2 | |
| Income tax provision | 3 | 2 | 911,000 | 797,000 | 531,000 | |
| Net income | 8 | 8 | 3 | 2 | 2 | |
| Basic (in dollars per share) | 2.94 | 2.78 | 1.29 | 0.67 | 0.59 | |
| Diluted (in dollars per share) | 2.62 | 2.65 | 1.28 | 0.67 | 0.59 | |
| Basic (in shares) | 3 | 3 | 3 | — | — | |
| Diluted (in shares) | 3 | 3 | 3 | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 21 | 13 | 4 | 926,000 | 3 | |
| Accounts receivable, net of allowances of $204 and $182, respectively | 7 | 7 | 5 | 5 | 4 | |
| Inventories, net | 10 | 10 | 9 | 8 | 5 | |
| Prepaid expenses and other current assets | 2 | 760,000 | 588,000 | 673,000 | 242,000 | |
| Warrant exercise receivable | 22 | 0 | — | — | — | |
| Total current assets | 61 | 30 | 18 | 14 | 12 | |
| Property, plant and equipment, net | 7 | 5 | 4 | 4 | 3 | |
| Right-of-use lease asset | 217,000 | 9,000 | 97,000 | 147,000 | 218,000 | |
| Intangible assets, net | 40,000 | 40,000 | 45,000 | 98,000 | — | |
| Deferred income tax asset | 272,000 | 2 | 2 | 1 | 2 | |
| Other assets | 123,000 | 3,000 | 10,000 | 16,000 | 5,000 | |
| Total assets | 68 | 37 | 24 | 19 | 20 | |
| Accounts payable | 2 | 1 | 1 | 2 | 1 | |
| Accrued compensation and commissions expense | 1 | 3 | 2 | 2 | 1 | |
| Other Accrued Liabilities, Current | 1 | 500,000 | 611,000 | 614,000 | 403,000 | |
| Income taxes payable | 294,000 | 58,000 | 277,000 | 234,000 | — | |
| Total current liabilities | 5 | 5 | 4 | 5 | 3 | |
| Long-term lease liability | 148,000 | 0 | 26,000 | 76,000 | — | |
| Deferred income tax liability | 129,000 | 72,000 | — | — | — | |
| Total liabilities | 5 | 5 | 4 | 5 | 3 | |
| Contingencies (Note 13) | — | — | — | — | — | |
| Preferred stock ($0.01 par value; 5,000,000 shares authorized, none issued) | 0 | 0 | 0 | 0 | — | |
| Common stock ($0.01 par value; 25,000,000 shares authorized; 3,405,210 issued and outstanding as of 2025; 2,911,165 shares issued and outstanding as of 2024) | 34,000 | 28,000 | 27,000 | 27,000 | — | |
| Additional paid-in capital | 43 | 20 | 16 | 14 | — | |
| Retained earnings | 20 | 11 | 4 | 212,000 | — | |
| Total stockholders' equity | 63 | 31 | 20 | 14 | 17 | |
| Total liabilities and stockholders' equity | 68 | 37 | 24 | 19 | 20 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 1 | 968,000 | 797,000 | 671,000 | 488,000 | |
| Amortization of finite-lived intangible assets | 0 | 5,000 | 53,000 | 54,000 | 54,000 | |
| Stock-based compensation expense | 1 | 636,000 | 2 | 458,000 | 292,000 | |
| Unrealized foreign currency loss | 69,000 | 5,000 | — | — | — | |
| Gain on disposal of fixed assets | −42,000 | 0 | — | — | — | |
| Deferred income tax provision | 1 | 212,000 | −784,000 | 1 | 507,000 | |
| Decrease (increase) in accounts receivable, net | 186,000 | −2 | 395,000 | −1 | −47,000 | |
| Increase in inventories, net | −164,000 | −625,000 | −1 | −2 | −116,000 | |
| Increase in prepaid expenses and other assets | −1 | −165,000 | 91,000 | −422,000 | 2,000 | |
| (Decrease) Increase in accounts payable, accrued compensation, commissions, income taxes and other | −328,000 | 889,000 | −691,000 | 2 | 198,000 | |
| Total adjustments | 2 | −115,000 | 916,000 | — | — | |
| Net cash provided by operating activities | 11 | 8 | 4 | 2 | 3 | |
| Capital expenditures | −3 | −2 | −1 | −936,000 | −1 | |
| Net cash used in investing activities | −3 | −2 | −1 | −936,000 | −1 | |
| Proceeds from exercise of stock options | 532,000 | 3 | 0 | — | — | |
| Warrant-related costs | −318,000 | 0 | — | — | — | |
| Debt issuance costs | −72,000 | 0 | — | — | — | |
| Net cash provided by financing activities | 142,000 | 3 | −137,000 | −3 | −2 | |
| Increase in cash and cash equivalents | 8 | 9 | 3 | −2 | 179,000 | |
| Proceeds from disposal of fixed assets | 54,000 | 0 | — | — | — | |
| Proceeds from exercise of warrants receivable at period end, net of costs | 22 | 0 | — | — | — | |
| Cash paid for taxes | 1 | 2 | 2 | 36,000 | — | |
| Cash paid for interest | 9,000 | 8,000 | 6,000 | 9,000 | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro