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M-tron Industries, Inc. Reports First Quarter 2025 Results

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1 year ago

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Revenues increased 13.8%, or $1.5 million, to $12.7 million for the three months ended March 31, 2025 from $11.2 million for the three months ended March 31, 2024Net income per diluted share increased $0.03 to $0.56 for the three months ended March 31, 2025 from $0.53 for the three months ended March 31, 2024Backlog increased $9.4 million, or 20.3%, to $55.5 million as of March 31, 2025 from $46.1 million as of March 31, 2024

ORLANDO, Fla., May 13, 2025 /PRNewswire/ — M-tron Industries, Inc. (NYSE American: MPTI) (“Mtron” or the “Company”), a designer and manufacturer of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits, announced its financial results for the three months ended March 31, 2025.

“Mtron delivered another quarter of revenue growth driven by healthy demand across our existing portfolio and the successful introduction of new products,” said Cameron Pforr, Mtron Interim Chief Executive Officer. “Our backlog increased significantly during the period and we remain focused on delivering innovative products that strengthen our market position and create sustained value for our stockholders.”

“We also successfully completed the distribution of the previously announced dividend of warrants on April 25, 2025, reflecting our ongoing commitment to enhancing stockholder value and providing opportunities for long-term participation in Mtron’s future growth,” continued Mr. Pforr.

Results from Operations

Revenue was $12.7 million in the first quarter of 2025 compared with $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 saw the initial impact this quarter of newly initiated federal tariffs on imports of foreign sourced materials and partially finished goods.

Net income was $1.6 million, or $0.56 per diluted share, in the first quarter of 2025 compared with $1.5 million, or $0.53 per diluted share, in the first quarter of 2024. The increase in revenues discussed above was partially offset by higher manufacturing cost of sales consistent with the growth in revenues and the introduction of new products as well as higher engineering, selling and administrative expenses related to higher research and development costs, higher sales commissions from an increase in revenues, and an increase in corporate expenses consistent with the overall growth in the business.

Adjusted EBITDA was $2.5 million in the first quarter of 2025 compared with $2.3 million in the first quarter of 2024. The increase was primarily due to higher income before income taxes, depreciation, and stock-based compensation partially offset by higher interest income.

Backlog

Backlog was $55.5 million as of March 31, 2025 compared to $47.2 million as of December 31, 2024 and $46.1 million as of March 31, 2024. The increase in backlog reflects several large orders received during the quarter and the continued broad demand for our products.

Impact of Tariffs

In March 2025, Mtron saw the initial impact of the recently announced federal tariffs on the import of goods and materials from outside the United States. Mtron, while a United States-based manufacturer with a great degree of vertical integration, does import some materials from Japan, China, and South Korea and performs some finishing work at our facility in Noida, India. It is difficult to predict the long-term impact of this trade policy on our financial performance. We are working with many of our defense customers on enacting parts of the Federal Acquisition Regulation (“FAR”), which potentially exempt materials received for defense production from entry tariffs. In addition, we continue as always to analyze our supply chain in order to make sure we have redundancy of suppliers and can source from reliable suppliers at the best price possible. To date, we have seen no impact from tariffs on demand for our products.

Warrant Dividend

On April 25, 2025, the Company distributed the dividend of warrants to stockholders of record on March 10, 2025. The warrants are listed on the NYSE American under the ticker “MPTI WS.” The warrants may be listed on certain financial websites under the ticker “MPTI WT” or a similar nomenclature.

Pursuant to the Warrant Agreement, the warrants contain the following terms:

Five (5) warrants exercisable to purchase one (1) share of common stock;Exercise price of $47.50 per share;Exercisable at the earlier of (i) thirty (30) days prior to April 25, 2028 or (ii) the date on which the average volume weighted average price (“VWAP”) of Mtron common stock is greater than or equal to $52.00 per share for the prior thirty (30) consecutive trading day period (the “Acceleration Trigger”);Expire at the earlier of (i) April 25, 2028 or (ii) thirty (30) calendar days following Mtron’s public announcement of the date of the Acceleration Trigger; andWarrant holders exercising their full allotment of warrants can apply to subscribe for any or all shares of common stock issuable pursuant to any outstanding but unexercised warrants.

For further information, refer to the FAQ on Mtron’s Investor Relations website at ir.mtron.com/financials/2025-Warrant-FAQ.

Earnings Call

Management, including Mr. Pforr, will host a conference call with the investment community on Wednesday May 14, 2025, to discuss the Company’s first quarter 2025 results and to respond to investor questions.

The call will begin at 10:30 a.m. Eastern Time on Wednesday May 14, 2025, and can be accessed using the dial-in details below: 

Toll Free Dial-in Number:

(888) 672-2415

Toll Dial-in Number:

+1 (646) 307-1952

Passcode:

4068751

An archive will be available after the call on the Investor Relations section of Mtron’s website at ir.mtron.com, along with Mtron’s press release.

About Mtron

M-tron Industries, Inc. (NYSE American: MPTI) was originally founded in 1965 and designs, manufactures and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products’ entire life cycle, including product design, prototyping, production and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit www.mtron.com.

Cautionary Note Concerning Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the uncertain financial impact of COVID-19 and the Company’s financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words “believe,” “expect,” “anticipate,” “should,” “plan,” “will,” “may,” “could,” “intend,” “estimate,” “predict,” “potential,” “continue” or the negative of these terms and similar expressions, as they relate to Mtron, are intended to identify forward-looking statements.

These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by Mtron with the Securities and Exchange Commission, including those risks set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K as filed with the SEC on March 27, 2025. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.

These forward-looking statements speak only as of the date of this press release. Mtron undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

 

M-tron Industries, Inc.

Quarterly Summary

(Unaudited)

2022

2023

2024

2025

(in thousands)

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Revenues

$

7,691

$

7,064

$

8,417

$

8,673

$

9,367

$

10,140

$

10,888

$

10,773

$

11,185

$

11,808

$

13,214

$

12,805

$

12,732

Y/Y

21.8

%

43.5

%

29.4

%

24.2

%

19.4

%

16.4

%

21.4

%

18.9

%

13.8

%

Gross margin

37.3

%

37.5

%

32.4

%

35.7

%

34.1

%

41.6

%

42.8

%

43.6

%

42.7

%

46.6

%

47.8

%

47.2

%

42.5

%

Y/Y

-8.6

%

10.9

%

32.1

%

22.1

%

25.2

%

12.0

%

11.7

%

8.3

%

-0.6

%

Net income (b)

$

619

$

486

$

503

$

190

$

553

$

1,277

$

1,586

$

73

$

1,486

$

1,744

$

2,267

$

2,139

$

1,630

Y/Y

-10.7

%

162.8

%

215.3

%

-61.6

%

168.7

%

36.6

%

42.9

%

2,830.1

%

9.7

%

Adjusted EBITDA (c)

$

1,177

$

841

$

876

$

1,114

$

1,028

$

1,931

$

2,336

$

2,397

$

2,262

$

2,523

$

3,300

$

3,056

$

2,502

Y/Y

-12.7

%

129.6

%

166.7

%

115.2

%

120.0

%

30.7

%

41.3

%

27.5

%

10.6

%

(a)

Q1 2022 – Q3 2022 do not include any public company costs as these periods were pre-IPO.

(b)

A reconciliation of non-GAAP financial measures to the most comparable GAAP measure is provided at the end of this press release.

 

M-tron Industries, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

Three Months Ended March 31,

(in thousands, except share data)

2025

2024

Revenues

$

12,732

$

11,185

Costs and expenses:

Manufacturing cost of sales

7,326

6,406

Engineering, selling and administrative

3,393

2,990

Total costs and expenses

10,719

9,396

Operating income

2,013

1,789

Other income:

Interest income, net

111

32

Other (expense) income, net

(10)

42

Total other income, net

101

74

Income before income taxes

2,114

1,863

Income tax expense

484

377

Net income

$

1,630

$

1,486

Income per common share:

Basic

$

0.57

$

0.55

Diluted

$

0.56

$

0.53

Weighted average shares outstanding:

Basic

2,841,357

2,716,202

Diluted

2,906,144

2,784,960

 

M-tron Industries, Inc.

Condensed Consolidated Balance Sheets

(Unaudited)

(in thousands, except share data)

March 31, 2025

December 31, 2024

Assets:

Current assets:

Cash and cash equivalents

$

13,662

$

12,641

Accounts receivable, net of reserves of $201 and $182, respectively

6,718

6,842

Inventories, net

9,365

9,509

Prepaid expenses and other current assets

694

760

Total current assets

30,439

29,752

Property, plant and equipment, net

5,397

5,061

Right-of-use lease asset

238

9

Intangible assets, net

40

40

Deferred income tax asset

1,650

1,623

Other assets

1

3

Total assets

$

37,765

$

36,488

Liabilities:

Total current liabilities

4,573

5,216

Non-current liabilities

41

—

Total liabilities

4,614

5,216

Total stockholders’ equity

33,151

31,272

Total liabilities and stockholders’ equity

$

37,765

$

36,488

Non-GAAP Financial Measures

Throughout this press release, including the results from operations, the Company presents its financial condition and results of operations in the way it believes will be most meaningful and representative of its business results. Some of the measurements the Company uses are “Non-GAAP financial measures” under SEC rules and regulations. The non-GAAP financial measures the Company presents are listed below and may not be comparable to similarly-named measures reported by other companies. the reconciliations of such measures to the most comparable GAAP measures in accordance with Regulation G are included within the relevant tables attached to this press release. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net earnings or diluted earnings per share prepared in accordance with GAAP.

The Company uses the following operating performance measure because the Company believes it provides both management and investors with a more complete understanding of the underlying operational results and trends and our marketplace performance:

Adjusted EBITDA is derived by excluding the items set forth below from Income before income taxes. Excluded items include the following:

Interest incomeInterest expenseDepreciationAmortizationNon-cash stock-based compensationOther discrete items that might have a significant impact on comparable GAAP measures and could distort the evaluation of our normal operating performance

 

Reconciliation of GAAP Income Before Income Taxes to Non-GAAP Adjusted EBITDA

Three Months Ended March 31,

(in thousands, except share data)

2025

2024

Income before income taxes

$

2,114

$

1,863

Adjustments:

Interest income

(111)

(32)

Depreciation

250

219

Amortization

—

5

Total adjustments

139

192

EBITDA

2,253

2,055

Non-cash stock compensation

249

207

Adjusted EBITDA

$

2,502

$

2,262

The following table is a reconciliation of Adjusted EBITDA to Income before income taxes:

2022

2023

2024

2025

(in thousands)

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Income before income taxes

$

794

$

592

$

614

$

595

$

719

$

1,582

$

2,046

$

53

$

1,863

$

2,146

$

3,008

$

2,758

$

2,114

Adjustments:

Interest expense (income)

3

2

1

5

2

5

(1)

(13)

(32)

(44)

(63)

(104)

(111)

Depreciation

148

165

173

185

195

190

192

220

219

220

278

251

250

Amortization

13

14

13

14

13

14

13

13

5

—

—

—

—

Total adjustments

164

181

187

204

210

209

204

220

192

176

215

147

139

EBITDA

958

773

801

799

929

1,791

2,250

273

2,055

2,322

3,223

2,905

2,253

Non-cash stock compensation

219

68

75

96

71

140

86

2,124

207

201

77

151

249

Excess Spin-off costs

—

—

—

219

28

—

—

—

—

—

—

—

—

Adjusted EBITDA

$

1,177

$

841

$

876

$

1,114

$

1,028

$

1,931

$

2,336

$

2,397

$

2,262

$

2,523

$

3,300

$

3,056

$

2,502

Adjusted EBITDA margin

15.3

%

11.9

%

10.4

%

12.8

%

11.0

%

19.0

%

21.5

%

22.3

%

20.2

%

21.4

%

25.0

%

23.9

%

19.7

%

 

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SOURCE Mtron

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Technology

Light AI Announces Closing of C$5,000,000 Secured Convertible Debenture Unit Financing

Published

11 minutes ago

on

June 19, 2026

By

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, June 19, 2026 /CNW/ – Light AI Inc. (“Light AI” or the “Company”) (CBOE CA: ALGO) (FSE: OHC) (OTCQB: OHCFF), a digital healthcare technology company focused on developing artificial intelligence (“AI”) health diagnostic solutions, is pleased to announce that it has completed its previously announced private placement of secured convertible debenture units of the Company (the “Units”) at $1,000 per Unit for aggregate gross proceeds of $5,000,000 (the “Financing”) pursuant to an investment agreement (the “Investment Agreement”) with MV Capital LP (the “Investor”).

Pursuant to the Investment Agreement, the Investor subscribed for and purchased from the Company 5,000 Units. Each Unit is comprised of (i) a 12.0% secured convertible debenture of the Company in the principal amount equal to $1,000 (each, a “Convertible Debenture”) with interest compounded quarterly and payable on the earlier of the Maturity Date (as defined hereafter), prepayment or upon conversion and maturing 24 months from the closing of the Financing (the “Maturity Date”), and (ii) 8,000 common share purchase warrants (each, a “Warrant”) exercisable for 36 months from the closing of the Financing (the “Closing Date”) to purchase one common share of the Company (each, a “Warrant Share”) at an exercise price of $0.25 per Warrant Share, subject to adjustment in certain events.

Each Convertible Debenture allows the Investor to convert the outstanding principal thereof into common shares of the Company (the “Debenture Shares”) at a price of $0.125 per Debenture Share (the “Conversion Price”) at the option of the Investor at any time prior to the earlier of (i) the Maturity Date; and (ii) the business day immediately preceding the date specified for prepayment of the Convertible Debenture, subject to acceleration in certain events. The Company may elect to pay any accrued and unpaid interest in either (i) cash, (ii) common shares of the Company (the “Common Shares”) at the Conversion Price, subject to the approval of Cboe Canada Inc. (the “Exchange”), or (iii) any combination of the foregoing. The Convertible Debentures will be secured by a security interest over all present and after-acquired property and assets of the Company.

The Investor has agreed not to convert any Convertible Debenture or exercise any Warrants if doing so would result in the Investor holding greater than 19.9% of the issued and outstanding Common Shares, without the Company obtaining the requisite approval of its shareholders and the Exchange.

The Convertible Debentures, the Warrants, the Conversion Shares and Warrant Shares are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws.

The proceeds of the Financing will be used for general working capital purposes, and to support ISO 13485/QMS audit completion and Health Canada registration submission.

In connection with the Financing, the Company and the Investor have entered into an investor rights agreement (the “Investor Rights Agreement”), which includes the following key elements:

The Investor will have the right to participate in future financings of the Company to maintain its pro rata percentage of Common Shares following the completion the Financing; andThe Investor shall have the right to nominate one member to the board of directors of the Company.

The Investor Rights Agreement shall terminate on the earlier of: (i) the closing of any take-over bid of the Company, acquisition, arrangement, amalgamation, merger or other similar business combination transaction involving the Company; and (ii) the later of either of the following: (A) the date the Investor no longer maintains at least a 10% equity interest in the Company, and (B) the date on which the principal amount of the Convertible Debenture owed to the Investor is less than $250,000.

About Light AI Inc. (CBOE CA: ALGO / FSE: OHC / OTCQB: OHCFF)

Light AI Inc. is a technology company focused on developing artificial intelligence health screening and diagnostic solutions. Light AI QuickScan™ is a technology platform which represents the next generation of patient management: it applies AI algorithms to compatible smart device images, starting with images of Strep A and anticipated expansion with other medical conditions, to identify the disease in seconds. Its patented, app-based solution requires no swabs, lab tests or proprietary hardware of any kind as its computing platform includes the 4.5 billion smartphones that exist in the world today. Light AI is at the forefront of developing innovative screening and diagnostic solutions aimed at improving healthcare delivery worldwide. Their cutting-edge AI powered technology offers rapid, accurate, and cost-effective screening and diagnostic tools designed to address critical healthcare challenges.

In pre-FDA validation studies, Light AI’s algorithm demonstrated remarkable accuracy in differentiating between viral and bacterial pharyngitis, specifically targeting Group A Streptococcus (“GAS”). The algorithm achieved a 96.57% accuracy rate and attained a Negative Predictive Value of 100%, indicating its high reliability in confirming the absence of Streptococcus A infection. Viral and GAS pharyngitis affects over 600 million people annually worldwide. If left untreated, GAS pharyngitis can lead to serious complications such as Rheumatic Heart Disease (“RHD”), which imposes a global economic burden exceeding $1 trillion annually. Light AI’s technology offers a significant advancement in the accurate and timely identification of GAS pharyngitis, potentially reducing the incidence of RHD and its associated costs. Light AI’s approach to applying AI to smart device images can be expanded to other medical conditions, as well as other areas of analysis. Light AI’s vision is to combine the Light AI QuickScan™ software platform with AI in-the-Cloud to create a Digital Clinical Lab that provides quick and accessible diagnosis for countless conditions that today require expensive and time-consuming imaging or lab processes.

ON BEHALF OF THE COMPANY

“John R. Luna”
Chief Executive Officer
Telephone: 1-(888) 804-9459
Email: jluna@light.ai

For more information, please contact the Company at investors@light.ai or visit https://light.ai/.

Website: https://light.ai/
LinkedIn: LinkedIn/company/Light AI 
X (Formerly Twitter): @lightaihealth

Forward-Looking Information:

This news release contains statements and information that, to the extent that they are not historical fact, constitute “forward-looking information” within the meaning of applicable securities legislation, including statements relating to the use of proceeds of the Financing, the anticipated appointment of a board nominee of the Investor, and the advancement of the Company’s ISO 13485/QMS audit and Health Canada registration. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company’s financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

SOURCE Light AI Inc.

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EasySpanishTax.com Launches Simple DIY Modelo 210 Filing Solution for Non-Resident Property Owners in Spain

Published

11 minutes ago

on

June 19, 2026

By

Founder Björn Ingbrant introduces a faster, easier and more affordable way for foreign property owners to meet their Spanish tax obligations online.

MANILVA, Spain, June 19, 2026 /PRNewswire/ — The EasySpanishTax.com has launched a practical online solution designed to help non-resident property owners in Spain file their annual Modelo 210 tax declaration quickly, easily and at a lower cost.

Created by founder and developer Björn Ingbrant, EasySpanishTax.com is built specifically for international property owners who want to manage their Spanish non-resident tax obligations without unnecessary complexity, delays or high professional fees.

Modelo 210 is a tax declaration required for non-resident property owners in Spain, including owners who use their property privately, rent it out, or keep it as a holiday home. For many foreign owners, the process has traditionally felt difficult and confusing, often requiring external assistance.

EasySpanishTax.com has been developed to change that.

“Many non-resident owners are fully capable of completing their Modelo 210 declaration themselves when the process is explained clearly,” says Björn Ingbrant, founder of EasySpanishTax.com. “Our goal is to make Spanish property tax filing simple, transparent and affordable.”

The platform guides users through the filing process step by step. Property owners enter the required information online, create an account and can manage their declarations in one secure place. The service is designed to save time, reduce costs and make annual tax filing more accessible for owners living abroad.

According to Ingbrant, the need for a simplified solution became clear after years of working with international property owners in Spain.

“Many owners were paying high fees every year for a declaration that could be made much easier with the right digital system,” he explains. “We wanted to create a platform where the owner remains in control, the process is faster, and the cost is reasonable.”

In addition to Modelo 210 filing, EasySpanishTax.com has introduced a property document storage feature for registered users. This allows clients to upload and store important property documents directly in their account, including title deeds, NIE certificates, passport copies, home insurance policies, water and electricity contracts, IBI tax receipts, community documents and previous tax declarations.

The new feature transforms the platform into more than a tax filing service. It gives property owners a central digital hub for managing key documents related to their Spanish property.

“For non-resident owners, having all property documents in one place is extremely useful,” says Ingbrant. “Whether they need a document for a future tax declaration, a lawyer, a bank, an insurance company or a property sale, everything can be stored and accessed from one account.”

EasySpanishTax.com is aimed at holiday home owners, second-home owners, retirees, investors and landlords who own property in Spain but live abroad. The platform is especially useful for owners in the UK, Ireland, Sweden, Norway, Denmark, Germany, France, Belgium, the Netherlands and other countries with a high number of Spanish property owners.

The company’s mission is to make Spanish property administration easier for non-residents by combining simple online tax filing with practical document management.

“Owning a property in Spain should be enjoyable,” says Ingbrant. “Tax filing and paperwork should not be a source of stress. EasySpanishTax.com is designed to give owners a simple, affordable and reliable way to stay organised and compliant.”

About EasySpanishTax.com

EasySpanishTax.com is an online platform created for non-resident property owners in Spain. The website helps users prepare and file Modelo 210 tax declarations through a simple do-it-yourself process. The users can also store and manage important property-related documents in their personal account, making EasySpanishTax.com a practical administration hub for Spanish property owners living abroad.

The platform is owned by the real estate company Enova Estates S.L. in Manilva, Costa del Sol, Spain.

Contact:
Enova Estates SL
Björn Ingbrant
***@enovaestates.com

Photo(s):
https://www.prlog.org/13153344

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SOURCE Enova Estates

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Technology

Geographic Solutions Named in the Top 100 for the North America Inspiring Workplaces Awards

Published

1 hour ago

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June 19, 2026

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PALM HARBOR, Fla., June 19, 2026 /PRNewswire/ — Geographic Solutions, the nation’s leading provider of workforce development software for state and local government agencies, is proud to announce that it has been named in the Top 100 for the 2026 North America Inspiring Workplaces Awards for the third consecutive year.

The Inspiring Workplaces Awards recognize organizations that prioritize their people by fostering a culture built on trust, purpose, and belonging. These are more than just great places to work – they are environments where individuals are encouraged to grow and succeed. This year’s winners represent a diverse range of organizations that are redefining what it means to put employees first in today’s complex and rapidly evolving workplace.

“Achieving Top 100 Inspiring Workplaces winner status for the third year in a row is a testament to the culture we’ve built together,” said Paul Toomey, President and Founder of Geographic Solutions. “This recognition reflects our ongoing commitment to empowering employees, fostering inclusion, and ensuring every team member has the opportunity to thrive.”

Independent judges recognized the company’s strong core values, intentional approach to growth, and ability to maintain a flourishing culture. Judges also highlighted impressive employee retention, commitment to diverse hiring practices, and leadership representation, underscoring continued focus on building an inclusive, values-driven workplace. 

In 2024 and 2025, Geographic Solutions was named in the Top 50 North America Inspiring Workplaces Awards and received recognition in the Culture and Purpose category. In 2024, Geographic Solutions was named to the Top 50 of the Top 100 Global Inspiring Workplaces Awards, standing out as one of the few North America–based organizations recognized at the global level.

For more information on this achievement, visit www.inspiring-workplaces.com/company/geographic-solutions.

About Geographic Solutions

Geographic Solutions is the nation’s leading provider of integrated software for state and local workforce agencies, serving more than 40 states and U.S. territories. The company’s online platforms support all federally funded workforce and partner programs, including WIOA, labor exchange, labor market information, education, reentry, human services, and unemployment insurance. Geographic Solutions’ software is currently being utilized by over 1,100 American Job Centers and is accessible to over 211 million individuals across the country. For more information, visit www.geographicsolutions.com

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SOURCE Geographic Solutions, Inc.

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