LGL GROUP INC
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
LGL$6.77+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Earnings Per Share
12.** Earnings per Common Share
The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated:
| Year Ended December 31, | ||
|---|---|---|
| (in thousands, except for share data) | 2023 | 2022 |
| Numerator for EPS: | ||
| Income (loss) from continuing operations | $345 | $(4,877) |
| Less: Net income from continuing operations attributable to non-controlling interests | 48 | — |
| Income (loss) attributable to LGL Group common stockholders from continuing operations | 297 | (4,877) |
| (Loss) income from discontinued operations, net of tax | (28) | 1,885 |
| Net income (loss) attributable to LGL Group common stockholders | $269 | $(2,992) |
| Denominator for EPS: | ||
| Weighted average common shares outstanding - basic | 5,352,937 | 5,338,417 |
| Dilutive effects (a): | ||
| Stock options | — | 45,249 |
| Weighted average common shares outstanding - diluted | 5,352,937 | 5,383,666 |
| Income (loss) per common share attributable to LGL Group common stockholders: | ||
| Basic: | ||
| Income (loss) from continuing operations | $0.06 | $(0.91) |
| (Loss) income from discontinued operations | (0.01) | 0.35 |
| Net income (loss) attributable to LGL Group common stockholders | $0.05 | $(0.56) |
| Diluted: | ||
| Income (loss) from continuing operations | $0.06 | $(0.91) |
| (Loss) income from discontinued operations | (0.01) | 0.35 |
| Net income (loss) attributable to LGL Group common stockholders | $0.05 | $(0.56) |
| (a) | For the year ended December 31, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock as well as 20,118 shares from restricted stock awards. For the year ended December 31, 2022, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock. For both the years ended December 31, 2023 and 2022, the inclusion of these instruments would be antidilutive to the earnings per share calculations. For more information on the warrants, restricted stock awards, and stock options, refer to Note 11 - Stockholders' Equity to these Consolidated Financial Statements. |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.