M-tron Industries, Inc. Reports Strong Second Quarter 2024 Results with Further Margin Expansion

M-tron Industries, Inc. (NYSE American: MPTI) (the “Company” or “MPTI”), a designer and manufacturer of highly advanced electronic components used to control the frequency or timing of signals in electronic circuits, announced strong financial results for the three and six months ended June 30, 2024, with net income increasing 36.6% to $1,744,000, or $0.63 per diluted share, in Q2 2024 compared to $1,277,000, or $0.47 per diluted share, in Q2 2023.

MPTI CEO Michael J. Ferrantino said, “Our strategy is working; our business has been on the rise since the Company’s IPO in 2022 and we are pleased to report results that continue to be very positive. We expect revenue, new orders and earnings to remain strong and trend higher. Additionally, our backlog has been positive since the Company’s IPO and is expected to continue to grow.”