M-tron Industries(MPTI) - 2024 Q1 - Quarterly Results

Exhibit 99.1 M-tron Industries, Inc. Reports First Quarter 2024 Results and Reminds Stakeholders of Investor Day • Revenues increased $1,818,000 to $11,185,000 for the three months ended March 31, 2024 from $9,367,000 for the three months ended March 31, 2023 • Gross margin increased 861 basis points to 42.7% for the three months ended March 31, 2024 from 34.1% for the three months ended March 31, 2023 • Net income per diluted share increased $0.33 to $0.53 for the three months ended March 31, 2024 from $0. ...