M-tron Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 09:14 pm
Share
M-tron Industries, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 10.89 million compared to USD 8.42 million a year ago. Net income was USD 1.59 million compared to USD 0.503 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.19 a year ago.
For the nine months, sales was USD 30.4 million compared to USD 23.17 million a year ago. Net income was USD 3.42 million compared to USD 1.61 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 1.25 compared to USD 0.6 a year ago.
M-tron Industries, Inc. designs, manufactures and markets frequency and spectrum control products. The Company provides solutions for communication and control, satcom, radar and electronic warfare, guided munitions, test and measurement, computers, servers and networks and energy management applications. Its portfolio is divided into three product groupings, Frequency Control, Spectrum Control and Integrated Microwave Assemblies. The Frequency Control product group includes a portfolio of quartz crystal resonators, clock oscillators, VCXO, TCXO OCXO and TCVCXO devices which meet some of the tightest specifications, including IEEE 1588 standards. Spectrum Control product group includes a wide array of radio frequency (RF), microwave and millimeter wave filters and diplexers covering a frequency range from one megahertz (MHz) to 30 GHz, and solid-state power amplifiers covering a frequency range from 300 MHz to 26 GHz, with power output from 10 Watts to 10 kilowatts (kW).