How did M-tron Industries' revenue and expenses shift in Q4 2024 compared to previous quarters?

**M-tron Industries experienced significant growth in revenues and notable improvements in gross margins during Q4 2024 compared to the previous quarter.** Here's a detailed analysis: 1. **Revenue Increase**: The company's revenues increased by 18.9% or $2.0 million, reaching $12.8 million in Q4 2024, up from $10.8 million in Q3 2023. This marked the third consecutive year of record revenues for M-tron Industries, with the full fiscal year 2024 revenues increasing by 19.1% or $7.8 million, reaching $49.0 million. |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |MPTI|MPTI.A|M-tron Industries|2023 Q4|24.213075060532688|1.0773E7|170| |MPTI|MPTI.A|M-tron Industries|2024 Q1|19.40856197288353|1.1185E7|170| |MPTI|MPTI.A|M-tron Industries|2024 Q2|16.449704142011832|1.1808E7|170| |MPTI|MPTI.A|M-tron Industries|2024 Q3|21.36296840558413|1.3214E7|170| 2. **Gross Margin Improvement**: Gross margins improved by 360 basis points, reaching 47.2% in Q4 2024, up from 43.6% in Q3 2023. This significant increase was primarily driven by higher revenues, improved manufacturing efficiencies, and a better product mix towards higher-margin products. 3. **Net Income Per Diluted Share Increase**: The net income per diluted share increased significantly, reaching $0.73 in Q4 2024, up from $0.03 in Q3 2023, reflecting the improved gross margins and overall operational efficiency. 4. **Expenses**: Unfortunately, there are no available data on the expenses of M-tron Industries in Q4 2024 and the previous quarter. However, it is important to note that the company's improved gross margins do not necessarily indicate a decrease in expenses, but rather a more efficient management of costs relative to revenues. In summary, M-tron Industries saw substantial growth in revenues and a notable improvement in gross margins in Q4 2024 compared to the previous quarter, indicating effective cost management and operational efficiency.