M-tron Industries(MPTI) - 2025 Q1 - Quarterly Results
Exhibit 99.1 Results from Operations Revenue was 11.2 million in the first quarter of 2024. The increase was primarily due to strong defense product shipments. Gross margin was 42.5% in the first quarter of 2025 compared with 42.7% in the first quarter of 2024. The decrease is primarily due to higher revenues partially offset by the initial higher manufacturing costs associated with the initial production runs of several new products. In addition, we ...