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[maxluke1]

MPTI - thanks, my wild ass guess on margins is that it's related to customer concentration/balance. Like most small aerospace/defense companies they have high customer concentration. Thinking they have better margins with their 2nd largest customer? Here's from the 10Q:

For the three and six months ended June 30, 2023, the Company's largest customer accounted for $2,723,000, or 26.9%, and $5,057,000, or 25.9%, of the Company's total revenues, respectively, compared to $2,110,000, or 29.9%, and $4,173,000, or 28.3%, of the Company’s total revenues for the three and six months ended June 30, 2022, respectively. For the three months ended June 30, 2023 and 2022, the Company’s second largest customer accounted for $1,662,000, or 16.4%, compared to $884,000, or 11.3%, of the Company’s total revenues, respectively, and for the six months ended June 30, 2023 and 2022 the second largest customer accounted for $2,671,000, or 13.7%, compared to $1,803,000, or 12.2%, of the Company’s total revenues, respectively.