LGL GROUP INC
Business
LGL Group Inc is a holding company engaged in manufacturing and merchant investment businesses. The company operates through two segments: Electronic Instruments, which designs and manufactures time and frequency reference standards and related distribution products for applications including satellite communications, broadcasting, and utilities; and Merchant Investment, which invests capital through special purpose vehicles and seeks to identify and acquire undervalued assets and businesses. The company serves global markets through direct OEM relationships, franchised representatives, and distributors, with significant international revenues.
Summary from 10-K filed 2026-03-30
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 2 | 2 | 2 | 2 | 1 | |
| Net investment income | 2 | 2 | 2 | 413,000 | 1,000 | |
| Net gains (losses) | 19,000 | −5,000 | 384,000 | −5 | — | |
| Total revenues | 4 | 4 | 4 | −3 | — | |
| Manufacturing cost of sales | 1 | 1 | 796,000 | 837,000 | 711,000 | |
| Engineering, selling and administrative | 3 | 3 | 2 | 3 | 4 | |
| Total expenses | 4 | 4 | 3 | 4 | — | |
| Income before income taxes | 249,000 | 699,000 | 646,000 | −6 | — | |
| Income tax (benefit) expense | −506,000 | 177,000 | 301,000 | −2 | 3 | |
| Net income | 755,000 | 522,000 | 317,000 | −3 | — | |
| Less: Net income attributable to non-controlling interests | 67,000 | 90,000 | 48,000 | 0 | — | |
| Net income attributable to LGL Group common stockholders | 688,000 | 432,000 | 269,000 | −3 | 15 | |
| Basic (in dollars per share) | 0.13 | 0.08 | 0.05 | −0.56 | 2.77 | |
| Diluted (in dollars per share) | 0.11 | 0.08 | 0.05 | −0.56 | 2.74 | |
| Basic (in shares) | 5 | 5 | 5 | 5 | 5 | |
| Diluted (in shares) | 6 | 6 | 5 | 5 | 5 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 42 | 42 | 41 | 22 | 26 | |
| Marketable securities | 36,000 | 17,000 | 22,000 | 17 | 16 | |
| Accounts receivable, net of allowance of $52 and $52, respectively | 572,000 | 493,000 | 356,000 | 543,000 | 672,000 | |
| Inventories, net | 297,000 | 267,000 | 204,000 | 265,000 | 271,000 | |
| Prepaid expenses and other current assets | 255,000 | 280,000 | 273,000 | 440,000 | 262,000 | |
| Warrant proceeds receivable | 4 | 0 | — | — | — | |
| Total current assets | 46 | 43 | 42 | 39 | 56 | |
| Right-of-use lease asset | 247,000 | 308,000 | 75,000 | 132,000 | 178,000 | |
| Intangible assets, net | 15,000 | 36,000 | 57,000 | 78,000 | 100,000 | |
| Deferred income tax asset, net | 190,000 | 159,000 | 152,000 | 234,000 | 34,000 | |
| Total assets | 47 | 43 | 42 | 40 | 60 | |
| Accounts payable | 366,000 | 333,000 | 93,000 | 310,000 | 60,000 | |
| Accrued compensation and commissions expense | 250,000 | 291,000 | 264,000 | 170,000 | 330,000 | |
| Income taxes payable | 45,000 | 79,000 | 41,000 | 1,000 | 524,000 | |
| Other Accrued Liabilities, Current | 254,000 | 201,000 | 76,000 | 106,000 | 479,000 | |
| Total current liabilities | 915,000 | 904,000 | 474,000 | 587,000 | 4 | |
| Other liabilities | 296,000 | 1 | 694,000 | 708,000 | 468,000 | |
| Total liabilities | 1 | 2 | 1 | 1 | 6 | |
| Contingencies (Note 14) | — | — | — | — | — | |
| Common stock ($0.01 par value; 30,000,000 shares authorized; 6,307,997 shares issued and 6,174,950 shares outstanding as of 2025; 5,454,639 shares issued and 5,373,055 shares outstanding as of 2024) | 61,000 | 53,000 | 53,000 | 53,000 | 53,000 | |
| Treasury stock, at cost (133,047 and 81,584 shares as of 2025 and 2024, respectively) | −946,000 | −580,000 | −580,000 | −580,000 | −580,000 | |
| Additional paid-in capital | 50 | 46 | 46 | 46 | 46 | |
| Accumulated deficit | −6 | −7 | −7 | −7 | 9 | |
| Total LGL Group stockholders' equity | 43 | 39 | 39 | 38 | 55 | |
| Non-controlling interests | 2 | 2 | 2 | 0 | — | |
| Total stockholders' equity | 46 | 41 | 41 | 38 | 55 | |
| Total liabilities and stockholders' equity | 47 | 43 | 42 | 40 | 60 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization of finite-lived intangible assets | 21,000 | 21,000 | 21,000 | 62,000 | 75,000 | |
| Stock-based compensation | 61,000 | 36,000 | 3,000 | 388,000 | 413,000 | |
| Unrealized (gain) loss on marketable securities | −19,000 | 5,000 | −5 | −18 | — | |
| Deferred income tax expense (benefit) | −31,000 | 56,000 | 82,000 | −2 | 3 | |
| Increase in accounts receivable, net | −79,000 | −137,000 | 187,000 | −613,000 | −545,000 | |
| Increase in inventories, net | −30,000 | −63,000 | 61,000 | −2 | −212,000 | |
| Decrease (increase) in prepaid expenses and other current assets | 25,000 | −7,000 | 167,000 | −135,000 | −226,000 | |
| (Decrease) increase in accounts payable, accrued compensation, income taxes and commissions and other | −633,000 | 441,000 | −70,000 | 2 | 801,000 | |
| Total adjustments | −685,000 | 352,000 | 68,000 | 2 | — | |
| Net cash provided by operating activities | 70,000 | 874,000 | 385,000 | −817,000 | 1 | |
| Proceeds from exercise of warrants, net of costs | 225,000 | 0 | — | — | — | |
| Payment for repurchase of common stock | −366,000 | 0 | — | — | — | |
| Net cash (used in) provided by financing activities | −141,000 | 0 | 0 | −859,000 | −73,000 | |
| (Decrease) increase in cash and cash equivalents | −71,000 | 874,000 | 19 | −8 | 11 | |
| Proceeds from exercise of warrants receivable at period end | 4 | 0 | — | — | — | |
| Income taxes paid | 162,000 | 76,000 | 207,000 | 741,000 | 72,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is LGL GROUP INC's CIK number?
LGL GROUP INC's SEC CIK number is 0000061004 (61004). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find LGL GROUP INC's SEC filings?
All of LGL GROUP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did LGL GROUP INC last report earnings?
LGL GROUP INC (LGL) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-016145). This is LGL GROUP INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is LGL GROUP INC's most recent earnings 8-K?
LGL GROUP INC's latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001437749-26-016145. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View LGL GROUP INC's latest earnings 8-K →
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