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Last $1.07 USD
Change Today -0.08 / -6.96%
Volume 1.4K
MKTY On Other Exchanges
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

mechanical technology inc (MKTY) Snapshot

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52 Week High
05/5/14 - $1.50
52 Week Low
12/26/14 - $0.64
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mechanical technology inc (MKTY) Details

Mechanical Technology, Incorporated, through its subsidiaries, provides precision linear displacement solutions, vibration measurement and system balancing solutions, and wafer inspection tools. Its products include electronic gauging instruments for position, displacement, and vibration application in the industrial manufacturing/production markets, as well as the research, design, and process development market; metrology tools for wafer characterization of semiconductor and solar wafers; tensile stage systems for materials testing and precision linear displacement gauges; and engine balancing and vibration analysis systems for military and commercial aircraft. The company serves electronics, aircraft, aerospace, automotive, semiconductor, and research industries. Mechanical Technology, Incorporated markets its precision automated manufacturing, and industrial and academic research and development sector products through direct sales and representatives in the Americas; and through distributors and agents in Europe and Asia, as well as axial turbo machinery directly to end users. Mechanical Technology, Incorporated was founded in 1961 and is headquartered in Albany, New York.

30 Employees
Last Reported Date: 03/5/15
Founded in 1961

mechanical technology inc (MKTY) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $163.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $151.9K
Compensation as of Fiscal Year 2013.

mechanical technology inc (MKTY) Key Developments

Mechanical Technology, Incorporated Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Mechanical Technology, Incorporated announced consolidated earnings results for the year ended December 31, 2014. For the year, the company's product revenue was $8,781,000 against $8,352,000 a year ago. Income before income taxes and non-controlling interest was $700,000 against $3,614,000 a year ago. Net income attributed to MTI was $740,000 against $3,654,000 a year ago. Basic and diluted income per share attributable to MTI was $0.14 against diluted income per share attributable to MTI of $0.69 a year ago. Operating income increased by 56.5% as compared to the prior year as a direct result of increased sales and improved margins. Product revenue increased by 5.1% in 2014 compared to 2013 due to increases in both instruments for automated manufacturing with new customers and engine vibration and balancing system activity under government contracts. Net income increased when compared to the previous year after excluding the significant, one-time, non-cash gain recorded during 2013 from the deconsolidation of MTI Micro operations on December 31, 2013.

Mechanical Technology, Incorporated Reports Earnings Results for the Third Quarter Ended Sep. 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Mechanical Technology, Incorporated reported earnings results for the third quarter ended Sep. 30, 2014. Sales for the three months ended September 30, 2014 decreased by $371,000 to $1.9 million from $2.3 million during the three months ended September 30, 2013. This decrease was primarily attributable to reduced activity under the existing U.S. Air Force maintenance contract. Net loss for the three months ended September 30, 2014 was $53,000 or $0.01 per share on a fully diluted basis compared to net income of $164,000 or $0.03 per share on a fully diluted basis during the comparable 2013 period. The fourth quarter outlook appears positive with its existing backlog. Equally as important for the longer term, is its pipeline of opportunities with its newer product developments, supported by its efforts in sales and operations.

Mechanical Technology, Incorporated to Report Q3, 2014 Results on Nov 07, 2014

Mechanical Technology, Incorporated announced that they will report Q3, 2014 results on Nov 07, 2014


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Price/Earnings 7.9x
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 7.6x
TEV/Sales 0.4x

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