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M-tron Industries (MPTI) investor relations material
M-tron Industries Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Q3 2025 revenues reached $14.2 million, up 7.2% year-over-year, driven by growth in avionics, space, and industrial shipments.
Net income for Q3 2025 was $1.8 million ($0.63 per diluted share), down from $2.3 million ($0.81 per share) in Q3 2024, mainly due to a deferred tax asset reversal, higher costs, and lower gross margins.
Backlog as of September 30, 2025, was $58.8 million, up 48% year-over-year and 24.5% from year-end, reflecting strong demand in aerospace, defense, and new program launches.
For the nine months ended September 30, 2025, revenues rose 11.0% to $40.2 million, with net income of $5.0 million, an 8.6% decrease year-over-year.
Strategic investments in R&D and engineering talent continue to support innovation and future growth.
Financial highlights
Gross margin for Q3 2025 was 44.3%, down from 47.8% in Q3 2024, impacted by product mix and higher tariff-related costs.
Adjusted EBITDA for Q3 2025 was $3.2 million, slightly down from $3.3 million in Q3 2024; nine-month Adjusted EBITDA was $8.1 million, nearly flat year-over-year.
Operating income for Q3 2025 was $2.6 million, a 12.7% decrease year-over-year.
Cash and cash equivalents increased to $18.3 million as of September 30, 2025, from $12.6 million at year-end 2024.
A one-time deferred tax asset reversal, driven by tax law changes, resulted in over $1 million in expense.
Outlook and guidance
Expecting continued robust demand in aerospace and defense, with several program wins in EW and radar systems anticipated to double related revenue next year.
Anticipates ongoing tariff impacts for the next three years, with mitigation strategies including FAR exemptions and pricing adjustments.
Growth in industrials, especially test and measurement, oil and gas, and telecom, is expected to continue.
No material trends or uncertainties identified beyond general economic conditions and tariffs.
What drove the significant gross margin drop?
What factors offset revenue growth?
How do preliminary results aid warrant exercises?
Tariff impact on future gross margins?
Revenue potential of new oscillator product?
Indiana Microelectronics partnership growth outlook?
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Next M-tron Industries earnings date
Sidoti's Year End Virtual Investor Conference11 Dec, 2025
Next M-tron Industries earnings date
Sidoti's Year End Virtual Investor Conference11 Dec, 2025
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Frequently asked questions
M-tron Industries Inc. specializes in the design, manufacture, and marketing of frequency control and timing devices. The company provides a wide range of products, including crystal oscillators, filters, and resonators, which are critical components in the electronics industry. These products are used in various applications, such as telecommunications, aerospace, defense, and industrial markets, ensuring the precise timing and frequency control necessary for reliable operation of electronic systems. The company is headquartered in Orlando, Florida, and its shares are listed on the NYSE.
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