NYSE$MPTI

M-Tron Industries Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

M-Tron Industries reported revenue increase and improved gross margin in the first quarter of 2024.

M-Tron Industries reported a revenue increase of $1,818,000 to $11,185,000 for Q1 2024, with net income per diluted share increasing to $0.53 from $0.20 in Q1 2023. The company's gross margin also improved to 42.7% from 34.1% in the same period last year.

  • Revenues increased to $11,185,000 for the three months ended March 31, 2024.
  • Gross margin increased to 42.7% for the three months ended March 31, 2024.
  • Net income per diluted share increased to $0.53 for the three months ended March 31, 2024.
  • Adjusted EBITDA increased to $2,262,000 for the three months ended March 31, 2024.

Headline financials

Total Revenue

$11.2M

Previous: $9.37M+19.4%
EPS

$0.53

Previous: $0.20+165.0%
Backlog

$46.1M

Previous: $45.5M+1.2%
Gross Margin

42.7%

Previous: 34.1%+25.2%
Capital Expenditures

-$122K

Previous: -$78K-56.4%
Free Cash Flow

$1.36M

Previous: $475K+187.2%
Net Income

$1.49M

Previous: $553K+168.7%
Operating Income

$1.79M

Previous: $761K+135.1%
Gross Profit

-$6.41M

Previous: -$6.17M-3.8%
Stock-Based Comp

$207K

Previous: $71K+191.5%

Revenue & EPS history

M-Tron Industries · Revenue · Quarterly

$11.2M

Q1 2024+19.4%vs Q1 2023
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Forward guidance

MtronPTI will host an Investor Day on Wednesday May 8, 2024 at 10:00am ET to provide shareholders, analysts and other stakeholders with an in-depth look into MtronPTI's strategic direction, financial performance, and operational highlights.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+3.7%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+11.4%

Avg return

30 days after

65%

13 / 20 earnings

Positive

+27.9%

Q2 2022

Best reaction

-25.9%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%+4.6%
Q4 2025-1.0%+3.6%-0.8%
Q3 2025-6.5%-11.8%+0.8%
Q1 2025-15.8%-18.8%-24.0%
Q4 2024+5.3%+9.7%+38.3%
Q3 2024+10.0%+0.0%+11.1%
Q2 2024+9.8%+11.3%+12.9%
Q1 2024+5.8%+4.1%+27.5%
Q4 2023-25.9%-25.1%-31.4%
Q3 2023+9.8%+29.0%+4.9%
Q2 2023+27.9%+26.0%+79.5%
Q2 2022+27.9%+26.0%+79.5%
Q1 2022-1.0%-1.3%-1.3%
Q1 2023-1.0%-1.3%-1.3%
Q1 2021+7.5%+3.0%+17.4%
Q2 2021+7.5%+3.0%+17.4%
Q4 2022+7.5%+3.0%+17.4%
Q3 2022+2.5%-1.5%-10.7%
Q4 2021+2.5%-1.5%-10.7%
Q3 2021+2.5%-1.5%-10.7%

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