LGL - Earnings announcements

The LGL Group, Inc. (NYSE:LGL) (the "Company" or "LGL") announced its financial results for the three and six months ended June 30, 2023. Revenue of $403,000 for the three months ended June 30, 2023 compared to $370,000 for the comparable prior year period and revenue of $844,000 versus $787,000 for the six months ended June 30, 2023 and 2022, respectively. Operating loss of $438,000 for the three months ended June 30, 2023 compared to $480,000 loss reported in the prior year period and operating loss of $747,000 and $1,327,000 for the six months ended June 30, 2023 and 2022, respectively. Balance sheet cash and marketable securities of $40.3 million at June 30, 2023, compared to $

The LGL Group, Inc. (NYSE:LGL) (the "Company" or "LGL") announced its financial results for the three months ended March 31, 2023. Revenue of $441,000 for the three months ended March 31, 2023 compared to $417,000 for the comparable prior year period. Operating loss of $309,000 for the three months ended March 31, 2023 compared to $847,000 loss reported in the prior year period. Balance sheet cash and marketable securities of $38.4 million at March 31, 2023. Investment income of $345,000 compared to $45,000 for the prior year quarter. Other income of $186,000 compared to expense of $3,000 in the previous year. Other income includes interest income from our investments. Net

The LGL Group, Inc. (NYSE:LGL) (the "Company" or "LGL") announced its financial results for the three and nine months ended September 30, 2022. Revenue of $8.8 million for the three months ended September 30, 2022 increased 16.8% compared to $7.5 million for the comparable prior year period. For the nine months ended September 30, 2022, revenue was $24.3 million, a 16.2% increase from the $20.9 million reported for the comparable prior year period. Realized and unrealized losses aggregating $4.4 million for the nine months ended September 30, 2022, largely related to unrealized losses recorded for the Company's ongoing investment in IronNet, Inc. Diluted net loss of $0.27 per share co

The LGL Group, Inc. (NYSE:LGL) (the "Company" or "LGL") announced its financial results for the three and six months ended June 30, 2022. Revenue of $7.4 million for the three months ended June 30, 2022 increased 8.0% compared to $6.9 million for the comparable prior year period. For the six months ended June 30, 2022, revenue was $15.5 million, a 15.8% increase from the $13.4 million reported for the comparable prior year period. Realized and unrealized losses aggregating $2.3 million during the first half of 2022, largely related to unrealized losses recorded for the Company's ongoing investment in IronNet, Inc. Diluted net loss of $0.34 per share compared to zero for the prior year

The LGL Group, Inc. (NYSE:LGL) (the "Company" or "LGL") announced its financial results for the three months ended March 31, 2022. Revenue of $8.1 million increased 24.1% compared to $6.5 million for Q1 2021. Diluted net income of $0.03 per share compared to $0.01 per share for the prior year quarter. Backlog of $37.0 million at March 31, 2022, up 24% compared to $29.8 million as of Q4 2021. Balance sheet cash and marketable securities of $44.5 million. Net working capital of $51.6 million including $5.9 million of inventory. Adjusted EBITDA for Q1 2022 was $715,000 or $0.13 per diluted share compared to $197,000, or $0.04 per diluted share for Q1 2021. A special meeting of st

The LGL Group, Inc. (NYSE:LGL) ("LGL" or the "Company") will host a conference call to review 2021 financial results on Tuesday, March 29, 2022 at 10:00 am (EDT). LGL's 2021 results are expected to be filed on Form 10-K with the Securities and Exchange Commission ("SEC") before the market opens on Monday, March 28, 2021, which will also available on the Company's website. Participants are invited to access the call by dialing (773) 305-6853 (Direct) or (888) 254-3590 (Toll-free) approximately fifteen minutes before the conference start time and providing the conference ID 9503778. About The LGL Group, Inc. The LGL Group, Inc., through its two principal subsidiaries MtronPTI and PTF, desi

The LGL Group, Inc. pre-announces Q4 2021 revenues, backlog, cash and marketable securities and updates its MtronPTI spin-off progress and sets the date for its Q4 2021 earnings conference call. Flash report: The Company's Q4 2021 revenues, backlog, cash and marketable securities and other highlights are as follows: Revenues for the fourth quarter 2021 are expected to be approximately $7.2 million vs. $7.4 million for the fourth quarter of 2020 and vs. $7.5 million in revenue against the third quarter 2021 sequentially. Revenue for the full year 2021 is expected to be approximately $28.1 million vs. 2020 revenues of $31.2 million, and 11.8% lower than pre-COVID-19 2019 revenue of $31.9

The LGL Group, Inc. (NYSE:AMERICAN) (the "Company" or "LGL") announced its financial results for the three and nine months ended September 30, 2021. Operating revenues declined to $7.5 million from $8.1 million for the prior year quarter, and declined to $20.9 million for the nine months ended September 30, 2021 compared to $23.7 million for the prior year nine months Business units of Avionics and Defense continue to gain traction from Pre-Covid levels while cost push inflationary pressures remain prevalent throughout the operations Backlog improvement of $21.8 million versus $19.8 million at December 31, 2020 and $21.5 million at September 30, 2020 Net cash position, including mar

The LGL Group, Inc. (NYSE:LGL) (the "Company" or "LGL"), announced its financial results for the three and six months ended June 30, 2021. Revenues of $6.9 million compared to Q2 2020 revenues of $7.1 million Operating income of $0.6 million versus $0.2 million for the prior year quarterly period Diluted net income per share of zero compared to $0.05 per share for the prior year quarter Adjusted EBITDA was $0.8 million compared to $0.3 million for Q2 2020 Backlog was $21.3 million versus $19.8 million at December 31, 2020 and $22.5 million at June 30, 2020 The Company's President and Chief Executive Officer, Mike Ferrantino, said, "I am optimistic as our markets have started to

The LGL Group, Inc. (NYSE:LGL) (the "Company" or "LGL"), announced its financial results for the three months ended March 31, 2021. Revenues of $6.5 million declined (24.2%) compared to Q1 2020 revenues of $8.6 million Operating loss of $60,000 versus income of $0.7 million for the prior year period Diluted net income of $0.01 per share compared to $0.04 per share for the prior year quarter Adjusted EBITDA for Q1 2021 was $0.2 million compared to $0.7 million for Q1 2020 Backlog was $20.4 million versus $19.8 million at December 31, 2020 and $22.6 million at March 31, 2020 The Company's President and Chief Executive Officer, Mike Ferrantino, said, "Although we continue to feel t

ORLANDO, Fla.--(BUSINESS WIRE)--The LGL Group, Inc. (the “Company” or “LGL”; NYSE American: LGL), announced its financial results for the year ended December 31, 2020 Results for the year reflect strong underlying fundamentals as Defense and Space Industry strength replaces the mix shifts from major declines in the Aerospace industry and COVID related supply chain disruptions Full year $31.2 million of revenue versus $31.9 million reported for 2019 Balance sheet and strategic positioning benefited from initiatives through an At the Money (“ATM”) offering and an announced SPAC business combination with IronNet Cybersecurity, Inc. Shareholders granted value in the form of a w