MPTI
M-tron Industries, Inc.52.65
-0.72-1.35%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
M&A focus, drone details surface
Q&A clarified the rights offering's push for M&A, targeting prime divestitures and PE exits amid surging defense demand for larger deals. Management expects milder tariffs in 2026 after a 1% hit last year, aiding gross margins alongside better mix despite new product ramps. Backlog swelled from defense/aerospace and avionics; drones now detailed with $1.5-2M prior revenue growing via large platforms and counter-drone radars, eyeing ~$4M total in 2026. Drones drive radar overhauls. Answers reaffirmed prepared optimism without walk-backs, spotlighting inorganic growth. Investors will track deal flow and tariff relief.
Key Stats
Market Cap
154.25MP/E (TTM)
21.94Basic EPS (TTM)
2.40Dividend Yield
0%Recent Filings
8-K
Rights offering for 713k shares
M-tron Industries launched a rights offering on March 18, 2026, issuing transferable rights to subscribe for up to 713,362 common shares at $59.00 per share—a 12% discount to the five-day VWAP through March 27 record date. Rights trade as MPTI RT; basic subscription needs five rights per share, with oversubscription for leftovers. Expires April 15. No subscriber guarantee.
10-K
FY2025 results
M-tron Industries posted FY2025 revenues of $54.4M, up 11% y/y, driven by defense programs, avionics, and industrials; Q4 revenues hit $14.2M, up 11% q/q from Q3's $14.2M and 11% y/y from Q4 2024's $12.8M, with net income surging to $3.4M. Gross margins slipped to 44.4% amid product mix and tariffs, yet operating leverage fueled adjusted EBITDA growth to $12.6M. Backlog ballooned 62% to $76.4M, signaling robust demand; cash swelled to $20.9M on $10.7M operating cash flow. No debt drawn on $20M facility. Customer concentration risks loom large.
8-K
Q4 revenues up 11%, backlog surges
M-tron Industries reported Q4 2025 revenues of $14.2M, up 11.2% from $12.8M in 2024, with net income jumping 60% to $3.4M or $0.99 per diluted share. Full-year revenues hit $54.4M, up 11%, but gross margin slipped to 44.4% from 46.2% due to product mix and tariffs. Backlog soared 61.8% to $76.4M. Warrants added $27.5M cash for acquisitions.
8-K
Rights offering launches
M-tron Industries launched a rights offering on March 18, 2026, distributing one transferable right per common share to holders as of March 27 record date. Five rights buy one share at a 10-12% discount to recent VWAP; full subscription yields ~$42.7M gross proceeds. Funds target accretive acquisitions and capacity expansion amid US defense shifts. No guarantee shareholders exercise. Rights trade as MPTI RT from March 31, expiring April 15.
8-K
Doubled credit, acquisition-ready
M-tron Industries entered an amended credit agreement with Fifth Third Bank on December 31, 2025, doubling its revolving facility to $10 million for working capital while adding a $10 million delayed draw term loan explicitly for acquisitions. Facilities mature December 31, 2028, with SOFR-based rates plus 2.00-3.00% margins tied to leverage. New firepower fuels buyouts, yet covenants cap leverage at 3.0x.
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