MPTIHIGH SIGNALFINANCIAL10-K

MPTI delivered exceptional financial performance with revenue surging 284% to $54.4M and net income jumping 361% to $8.4M, representing a dramatic business transformation.

This represents a fundamental shift in MPTI's business scale and profitability, with revenue nearly quadrupling while maintaining strong operational leverage as evidenced by the even larger increase in net income. The substantial growth in current assets and stockholders' equity, combined with debt reduction, indicates the company is successfully scaling operations while strengthening its balance sheet.

Comparing 2026-03-26 vs 2025-03-27View on EDGAR →
FINANCIAL ANALYSIS

MPTI experienced transformational growth across all key metrics, with revenue jumping 284% to $54.4M driving net income up 361% to $8.4M, demonstrating exceptional operational leverage. The balance sheet strengthened significantly with current assets doubling to $61.2M, stockholders' equity growing 102% to $63.2M, and total debt declining 48% to just $76K. Operating cash flow increased 41.7% to $10.7M while the company invested in growth through 34.4% higher capital expenditures, signaling a company successfully scaling operations while maintaining strong cash generation and financial flexibility.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
+361.1%
$1.8M→$8.4M

Net income grew 361.1% — bottom-line growth signals improving overall business health.

Operating Income
P&L
+303.6%
$2.5M→$10.3M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Revenue
P&L
+284%
$14.2M→$54.4M

Strong top-line growth of 284% — accelerating demand or successful expansion into new markets.

Current Assets
Balance Sheet
+105.8%
$29.8M→$61.2M

Current assets grew 105.8% — improving short-term liquidity or inventory/receivables build.

Stockholders Equity
Balance Sheet
+102.1%
$31.3M→$63.2M

Equity base grew 102.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Total Assets
Balance Sheet
+87.4%
$36.5M→$68.4M

Asset base grew 87.4% — expansion through organic growth, acquisitions, or capital deployment.

Cash & Equivalents
Balance Sheet
+65.3%
$12.6M→$20.9M

Cash position surged 65.3% — strong cash generation or capital raise providing significant financial cushion.

Total Debt
Balance Sheet
-47.6%
$145K→$76K

Debt reduced 47.6% — deleveraging strengthens balance sheet and reduces financial risk.

Operating Cash Flow
Cash Flow
+41.7%
$7.5M→$10.7M

Operating cash flow surged 41.7% — exceptional cash generation, highest quality earnings signal.

Capital Expenditure
Cash Flow
+34.4%
$1.9M→$2.6M

Capital expenditure jumped 34.4% — major investment cycle underway; assess returns on deployment.

LANGUAGE CHANGES
NEW — 2026-03-26
PRIOR — 2025-03-27
ADDED
true true true false 204 182 0.01 0.01 5,000,000 5,000,000 0 0 0.01 0.01 25,000,000 25,000,000 3,405,210 3,405,210 2,911,165 2,911,165 1 4 4 0 0 0 8 2 48 0 0 0 http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember 0 560,140 1 5 http://fasb.org/us-gaap/2025#OtherAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2025#OtherAccruedLiabilitiesCurrent false false false false true false As of December 31, 2025 and 2024 , included investments in money market mutual funds managed or advised by GAMCO Investors, Inc.
For the year ended December 31, 2025, Florida and Massachusetts made up the majority (greater than 50%) of the tax effect in this category.
For the year ended December 31, 2024, Florida and Massachusetts made up the majority (greater than 50%) of the tax effect in this category.
Because there is insufficient historical stock price data for the Company over the expected term of the options granted, the expected volatility is based on the implied volatility of the Company's historical stock price data (from date of IPO to grant date) appended with the implied volatility of LGL Group's historical stock price data (pre-IPO stock price through the IPO date) blended with the implied volatility of the Company's peers' stock price data (over the entire expected term).
The expected term is the simple average of the vesting period (3 years) and the contractual term (5 years).
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REMOVED
The number of outstanding shares of the registrant's common stock was 2,911,165 as of March 14, 2025.
Mtron's primary markets are aerospace and defense, space, and avionics.
Mtron's production facility in India operates under a Manufacturing License Agreement ("MLA") issued by the U.S.
Our common stock is traded on the NYSE American ("NYSE") under the symbol "MPTI." Mtron ' s Separation On October 7, 2022, the separation of the Mtron business from The LGL Group, Inc.
These devices may be based on quartz, quartz micro-electromechanical systems ("MEMS") or advanced materials science designed to achieve higher performance levels than quartz.
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