MKTY Mechanical Technology

Based in Albany, New York, MTI Instruments, Inc., a wholly-owned subsidiary of Mechanical Technology, Incorporated, is a global leader in non-contact measurement tools and condition-based monitoring systems with a growing customer base spanning more than 60 countries. MTI Instruments has a rich history in innovation for developing and manufacturing sensors and systems to help clients secure the highest level of accurate measurements in order to drive innovation, identify efficiencies and increase competitiveness. MTI Instruments provides comprehensive solutions to better address challenges and applications within numerous industries, including industrial manufacturing, consumer electronics, semiconductor, solar, commercial and military aviation, automotive, transportation and R&D.

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17 May 21
13 Jun 21
31 Dec 21
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 May 21 Alykhan Madhavji Stock Options Common Stock Grant Aquire A No No 7.52 26,600 200.03K 41,600
13 May 21 David C Michaels Stock Options Common Stock Grant Aquire A No No 7.52 26,600 200.03K 69,600
13 May 21 Edward R Hirshfield Stock Options Common Stock Grant Aquire A No No 7.52 26,600 200.03K 34,100
13 May 21 Matthew E. Lipman Stock Options Common Stock Grant Aquire A No No 7.52 26,600 200.03K 34,100
13 May 21 Thomas J Marusak Stock Options Common Stock Grant Aquire A No No 7.52 26,600 200.03K 71,100

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
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Total holders 1 0 NEW
Opened positions 1 0 NEW
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Total shares 24 0 NEW
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FormulaFolio Investments 24 $0 NEW
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FormulaFolio Investments 24 +24 NEW

Financial report summary

Schmitt Industries
Management Discussion
  • Prior to 2020 we conducted our sole business through our wholly-owned subsidiary MTI Instruments, a supplier of vibration measurement and system balancing solutions, precision linear displacement sensors, instruments and system solutions, and wafer inspection tools. We earn revenue through the sale of these products and the provision of related maintenance and repair services. Revenue from MTI Instruments' business constituted 93.8% of our total revenue during 2020, and we expect that we will continue to earn most of our revenues through this business in the foreseeable future. We continue to work on ways to increase our sales reach, including expanded worldwide sales coverage and enhanced internet marketing, with respect to this business.
Content analysis
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