M-tron Industries(US:MPTI) Prnewswireยท2025-08-12 21:14Core Insights - M-tron Industries, Inc. reported strong financial results for the second quarter and first half of 2025, highlighting significant revenue growth and an increase in backlog, indicating robust demand for its products and solutions [1][2][10] Financial Performance - Revenues for the three months ended June 30, 2025, were $13.3 million, a 12.5% increase from $11.8 million in the same period of 2024 [2][3] - For the six months ended June 30, 2025, revenues reached $26.0 million, up 13.1% from $23.0 million in the prior year [2][7] - Gross margin for the second quarter of 2025 was 43.6%, down from 46.6% in the same quarter of 2024, primarily due to product mix and tariffs [4][6] - Net income for the second quarter of 2025 was $1.6 million, or $0.53 per diluted share, compared to $1.7 million, or $0.63 per diluted share, in the prior year, reflecting a decrease of 10.6% [5][8] - Adjusted EBITDA for the second quarter was $2.4 million, a decrease of 4.1% from $2.5 million in the same quarter of 2024 [6][9] Backlog and Demand - The backlog as of June 30, 2025, was $61.2 million, representing a 35.0% increase from $45.3 million a year earlier, driven by strong demand in aerospace and defense programs [10][12] Management Commentary - The Interim CEO expressed optimism about the company's performance, citing strong revenue growth and a significant increase in backlog as indicators of future success [2]