Mechanical Technology, Incorporated (MKTY) Income Statement Analysis

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Complete financial analysis of Mechanical Technology, Incorporated (MKTY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mechanical Technology, Incorporated, a leading company in the Industrial – Machinery industry within the Industrials sector.

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Mechanical Technology, Incorporated (MKTY)

Industry: Industrial - Machinery

Sector: Industrials

Website: http://www.mechtech.com

About Mechanical Technology, Incorporated

Mechanical Technology, Incorporated, through its subsidiary, MTI Instruments, Inc., designs, manufactures, and markets precision linear displacement solutions, vibration measurement and system balancing solutions, and wafer inspection tools worldwide. It offers electronic gauging instruments for position, displacement, and vibration applications in the industrial manufacturing/production markets, as well as the research, design, and process development market. The company also provides engine vibration analysis systems for military and commercial aircraft; capacitance, laser systems, and fiber optic sensors for non-contact measurement; and vibration and balancing systems, engine signal conditioning, and charge amplifiers for turbine engine/rotating machine measurement and balancing. In addition, it offers portable precision signal generator; manual semiconductor metrology system, semi-automated metrology system, and photovoltaic/solar metrology system; and rapid-deployment custom measurement solutions to OEMs. The company serves manufacturing, electronics, semiconductor, solar, commercial and military aviation, automotive, and data storage industries. Mechanical Technology, Incorporated was founded in 1961 and is based in Albany, New York.

Metric	2020	2019	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2001	2000	1999	1998	1997	1996	1995	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	9.60M	6.57M	7.06M	7.06M	6.33M	8.78M	8.35M	5.90M	10.29M	8.41M	8.31M	7.38M	10.58M	8.16M	7.84M	8.57M	7.86M	7.30M	5.55M	12.90M	21.00M	31.98M	31.90M	29.75M	68.00M	70.00M	64.70M	71.90M	73.20M	88.20M	68.70M	66.30M	60.10M
Cost of Revenue	3.07M	2.21M	2.23M	2.72M	2.48M	3.28M	3.25M	2.97M	3.78M	2.93M	2.67M	3.18M	3.43M	2.90M	2.38M	2.88M	2.38M	3.15M	2.31M	7.70M	12.10M	20.30M	19.90M	21.11M	46.00M	35.80M	30.00M	35.20M	38.90M	60.50M	45.60M	45.40M	42.00M
Gross Profit	6.53M	4.37M	4.83M	4.33M	3.86M	5.50M	5.10M	2.93M	6.51M	5.48M	5.64M	4.20M	7.15M	5.26M	5.46M	5.69M	5.48M	4.15M	3.24M	5.20M	8.90M	11.68M	12.00M	8.64M	22.00M	34.20M	34.70M	36.70M	34.30M	27.70M	23.10M	20.90M	18.10M
Gross Profit Ratio	67.98%	66.44%	68.36%	61.42%	60.90%	62.60%	61.04%	49.71%	63.27%	65.17%	67.91%	56.89%	67.59%	64.44%	69.63%	66.43%	69.69%	56.84%	58.32%	40.31%	42.38%	36.52%	37.62%	29.04%	32.35%	48.86%	53.63%	51.04%	46.86%	31.41%	33.62%	31.52%	30.12%
Research & Development	1.49M	1.38M	1.15M	1.24M	1.55M	1.35M	1.32M	1.36M	1.47M	3.86M	5.44M	8.26M	11.77M	12.92M	9.67M	12.96M	8.35M	3.68M	2.03M	1.10M	800.00K	1.73M	1.26M	1.43M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.16M	4.86M	4.90M	5.80M	9.37M	9.78M	7.98M	16.70M	29.70M	33.20M	33.60M	33.50M	17.70M	14.10M	14.20M	13.30M
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.16M	4.86M	4.90M	5.80M	9.37M	9.78M	7.98M	16.70M	29.70M	33.20M	33.60M	33.50M	17.70M	14.10M	14.20M	13.30M
Other Expenses	3.58M	2.73M	3.09M	3.45M	3.78M	3.59M	3.42M	3.81M	4.99M	5.02M	3.28M	8.37M	8.74M	10.07M	10.89M	6.33M	5.84M	0.00	264.00K	600.00K	300.00K	0.00	0.00	1.59M	2.40M	2.50M	2.70M	3.00M	3.00M	3.20M	2.10M	1.70M	1.70M
Operating Expenses	5.08M	4.11M	4.24M	4.70M	5.33M	4.93M	4.74M	5.18M	6.46M	8.88M	8.73M	16.63M	20.50M	22.99M	20.56M	19.29M	14.19M	9.84M	7.16M	6.60M	6.90M	11.10M	11.04M	10.99M	19.10M	32.20M	35.90M	36.60M	36.50M	20.90M	16.20M	15.90M	15.00M
Cost & Expenses	8.15M	6.31M	6.47M	7.42M	7.80M	8.22M	7.99M	8.14M	10.24M	11.81M	11.39M	19.81M	23.93M	25.89M	22.94M	22.16M	16.57M	12.99M	9.47M	14.30M	19.00M	31.40M	30.95M	32.10M	65.10M	68.00M	65.90M	71.80M	75.40M	81.40M	61.80M	61.30M	57.00M
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00K	0.00	0.00	222.00K	0.00	0.00	0.00	0.00	0.00	7.00K	1.97M	1.94M	100.00K	100.00K	0.00	790.00K	1.08M	1.30M	1.60M	1.90M	2.30M	2.60M	1.80M	400.00K	500.00K	1.00M
Depreciation & Amortization	159.00K	87.00K	81.00K	85.00K	80.00K	83.00K	91.00K	129.00K	307.00K	481.00K	660.00K	819.00K	1.13M	1.10M	1.25M	911.00K	599.00K	1.76M	264.00K	600.00K	300.00K	587.00K	686.00K	837.00K	-2.40M	-2.50M	-2.70M	3.00M	3.00M	3.20M	2.10M	1.70M	1.70M
EBITDA	1.71M	382.00K	669.00K	-283.00K	-1.39M	783.00K	3.78M	-1.95M	1.15M	-1.27M	-2.43M	-9.68M	-5.90M	-10.67M	-12.25M	-6.84M	-622.00K	15.10M	-18.32M	-10.00M	-3.90M	5.22M	5.29M	4.93M	500.00K	-400.00K	-10.20M	3.30M	600.00K	10.30M	8.90M	7.20M	5.40M
EBITDA Ratio	17.85%	5.81%	9.47%	-4.01%	-21.99%	8.92%	45.26%	-33.05%	11.12%	-15.13%	-29.20%	-131.21%	-55.73%	-130.84%	-156.28%	-79.86%	-7.92%	206.85%	-330.20%	-77.52%	-18.57%	16.33%	16.58%	16.56%	0.74%	-0.57%	-15.77%	4.59%	0.82%	11.68%	12.95%	10.86%	8.99%
Operating Income	1.45M	259.00K	588.00K	-361.00K	-1.47M	565.00K	361.00K	-2.24M	52.00K	-3.39M	-3.09M	-12.44M	-13.35M	-17.74M	-15.10M	-13.59M	-8.71M	-5.70M	-3.93M	-1.40M	2.00M	580.00K	956.00K	-2.35M	2.90M	2.00M	-1.20M	100.00K	-2.20M	6.80M	6.90M	5.00M	3.10M
Operating Income Ratio	15.11%	3.94%	8.33%	-5.12%	-23.22%	6.43%	4.32%	-38.03%	0.51%	-40.32%	-37.17%	-168.56%	-126.12%	-217.47%	-192.55%	-158.60%	-110.83%	-78.04%	-70.80%	-10.85%	9.52%	1.81%	3.00%	-7.91%	4.26%	2.86%	-1.85%	0.14%	-3.01%	7.71%	10.04%	7.54%	5.16%
Total Other Income/Expenses	104.00K	36.00K	0.00	-7.00K	-2.00K	135.00K	3.25M	161.00K	48.00K	0.00	-485.00K	1.68M	5.74M	4.76M	149.00K	4.47M	6.98M	26.43M	-16.84M	-9.20M	-3.90M	1.55M	-383.00K	5.36M	-1.30M	-1.50M	-8.20M	-2.40M	-3.50M	-1.50M	-500.00K	0.00	-400.00K
Income Before Tax	1.55M	295.00K	588.00K	-368.00K	-1.47M	700.00K	3.61M	-2.08M	100.00K	-3.39M	-3.57M	-10.76M	-7.61M	-12.98M	-14.95M	-9.12M	-1.73M	20.74M	-20.77M	-10.60M	-1.90M	2.13M	573.00K	3.01M	1.60M	500.00K	-9.40M	-2.30M	-5.70M	5.30M	6.40M	5.00M	2.70M
Income Before Tax Ratio	16.19%	4.49%	8.33%	-5.22%	-23.25%	7.97%	43.27%	-35.31%	0.97%	-40.32%	-43.01%	-145.84%	-71.89%	-159.15%	-190.65%	-106.43%	-22.03%	284.13%	-374.36%	-82.17%	-9.05%	6.65%	1.80%	10.11%	2.35%	0.71%	-14.53%	-3.20%	-7.79%	6.01%	9.32%	7.54%	4.49%
Income Tax Expense	-392.00K	-28.00K	6.00K	-9.00K	1.36M	-40.00K	35.00K	6.00K	-1.55M	4.00K	-208.00K	2.00M	2.55M	1.90M	1.59M	-3.56M	-669.00K	7.52M	-1.93M	-9.10M	-3.80M	114.00K	64.00K	86.00K	500.00K	400.00K	-800.00K	-600.00K	-2.00M	2.10M	3.30M	2.40M	1.40M
Net Income	1.95M	323.00K	582.00K	-359.00K	-2.83M	740.00K	3.65M	-2.09M	2.39M	-1.76M	-3.10M	-12.50M	-9.58M	-13.67M	-15.09M	-4.19M	-559.00K	3.84M	-18.60M	-10.70M	-4.30M	4.52M	3.75M	2.92M	1.10M	100.00K	-8.60M	-1.40M	-3.00M	3.20M	3.10M	2.60M	1.30M
Net Income Ratio	20.27%	4.92%	8.24%	-5.09%	-44.74%	8.43%	43.75%	-35.36%	23.18%	-20.90%	-37.31%	-169.48%	-90.47%	-167.57%	-192.50%	-48.90%	-7.11%	52.63%	-335.24%	-82.95%	-20.48%	14.13%	11.75%	9.82%	1.62%	0.14%	-13.29%	-1.95%	-4.10%	3.63%	4.51%	3.92%	2.16%
EPS	0.20	0.03	0.06	-0.06	-0.54	0.14	0.70	-0.40	0.48	-0.37	-0.65	-2.62	-2.00	-3.44	-3.92	-1.12	-0.16	0.88	-4.24	-2.51	-1.17	1.23	1.02	0.80	0.30	0.03	-2.42	-0.38	-0.86	0.88	0.86	0.74	0.38
EPS Diluted	0.20	0.03	0.06	-0.06	-0.54	0.14	0.69	-0.40	0.48	-0.37	-0.65	-2.62	-1.98	-3.44	-3.92	-1.12	-0.16	0.83	-4.24	-2.51	-1.17	1.23	1.02	0.80	0.30	0.03	-2.42	-0.38	-0.86	0.88	0.86	0.74	0.38
Weighted Avg Shares Out	9.80M	9.60M	9.13M	5.99M	5.26M	5.26M	5.26M	5.26M	5.00M	4.77M	4.77M	4.77M	4.79M	3.97M	3.85M	3.74M	3.49M	4.36M	4.39M	4.27M	3.67M	3.67M	3.67M	3.67M	3.67M	3.33M	3.55M	3.68M	3.49M	3.64M	3.60M	3.51M	3.42M
Weighted Avg Shares Out (Dil)	9.80M	9.60M	9.33M	5.99M	5.26M	5.46M	5.31M	5.26M	5.00M	4.77M	4.77M	4.77M	4.84M	3.97M	3.85M	3.74M	3.49M	4.61M	4.39M	4.27M	3.67M	3.67M	3.67M	3.67M	3.67M	3.33M	3.55M	3.68M	3.49M	3.64M	3.60M	3.51M	3.42M

Mechanical Technology, Incorporated to Present at Access to Giving Virtual Investor Conference on July 15th

July 14, 2021accesswire.com

ALBANY, NY / ACCESSWIRE / July 14, 2021 / Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business and EcoChain, Inc. ("EcoChain"), a cryptocurrency...

EcoChain, Inc. to Report Monthly Site Level Financials on July 14th

July 8, 2021globenewswire.com

ALBANY, N.Y., July 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- EcoChain, Inc. (“EcoChain”), a wholly-owned subsidiary of Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), a cryptocurrency mining business powered by renewable energy, today announced due to the...

EcoChain, Inc. Reports Monthly Site Level Financials as it Continues to Scale Up

June 15, 2021globenewswire.com

ALBANY, N.Y., June 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- EcoChain, Inc. (“EcoChain”), a wholly-owned subsidiary of Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), a cryptocurrency mining business powered by renewable energy, today announced the release site...

EcoChain, Inc. Reports Monthly Site Level Financials as it Continues to Scale Up

June 10, 2021prnewswire.com

ALBANY, N.Y., June 10, 2021 /PRNewswire/ -- EcoChain, Inc. ("EcoChain"), a wholly-owned subsidiary of Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), a cryptocurrency mining business powered by renewable energy, today announced the release site level results by month through May.

Mechanical Technology, Incorporated to Present at Summer Solstice – Best Ideas from the Buy-Side on June 1st at 10:00 am ET

May 28, 2021accesswire.com

ALBANY, NY / ACCESSWIRE / May 28, 2021 / Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business and EcoChain, Inc. ("EcoChain"), a cryptocurrency...

Mechanical Technology, Incorporated First Quarter 2021 Financial Results

May 18, 2021prnewswire.com

ALBANY, N.Y., May 18, 2021 /PRNewswire/ -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments"), a test and measurement instruments and systems business and EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered...

EcoChain, Inc. Adds Immediate Capacity; Transformation on Track Towards 50MW 2021 Target

May 4, 2021prnewswire.com

ALBANY, N.Y., May 4, 2021 /PRNewswire/ -- EcoChain, Inc. ("EcoChain"), a wholly-owned subsidiary of Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), a cryptocurrency mining business powered by renewable energy, today announced two new lease agreements located in the Southeast...

Mechanical Technology, Incorporated Announces Closing of Public Offering of Common Stock

April 29, 2021prnewswire.com

ALBANY, N.Y., April 29, 2021 /PRNewswire/ -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments") and EcoChain, Inc. ("EcoChain"), a cryptocurrency mining business powered by renewable energy, announced today the closing of its...

Multinational Manufacturer Saint-Gobain Selects MTI Instruments' Digital Capacitance Measurement Technology to Streamline R&D

April 21, 2021prnewswire.com

ALBANY, N.Y., April 21, 2021 /PRNewswire/ -- MTI Instruments, Inc. ("MTI Instruments"), a wholly-owned subsidiary of Mechanical Technology, Incorporated (NASDAQ: MKTY), announced today that Compagnie de Saint-Gobain ("Saint-Gobain") has selected MTI Instruments' non-destructive measurement technology to help streamline the Saint-Gobain's manufacturing...