LGL GROUP INC

For the period ended Mar 31, 2024. Filed May 15, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 15, 2024

LGL$6.77+2.1%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in thousands, except share data)	March 31, 2024	December 31, 2023
Assets:
Current assets:
Cash and cash equivalents	$40,871	$40,711
Marketable securities	19	22
Accounts receivable, net of reserves of $53 and $58, respectively	269	356
Inventories, net	213	204
Prepaid expenses and other current assets	315	273
Total current assets	41,687	41,566
Right-of-use lease assets	61	75
Intangible assets, net	52	57
Deferred income tax assets	151	152
Total assets	$41,951	$41,850
Liabilities:
Current liabilities:
Accounts payable	235	93
Accrued compensation and commissions	172	264
Income taxes payable	14	41
Other accrued expenses	95	76
Total current liabilities	516	474
Other liabilities	701	694
Total liabilities	1,217	1,168
Contingencies (Note 12)
Stockholders' equity:
Common stock ($0.01 par value; 30,000,000 shares authorized; 5,434,521 shares issued and 5,352,937 shares outstanding as of March 31, 2024 and December 31, 2023)	53	53
Treasury stock, at cost (81,584 shares as of March 31, 2024 and December 31, 2023)	(580)	(580)
Additional paid-in capital	46,358	46,349
Accumulated deficit	(7,039)	(7,060)
Total LGL Group stockholders' equity	38,792	38,762
Non-controlling interests	1,942	1,920
Total stockholders' equity	40,734	40,682
Total liabilities and stockholders' equity	$41,951	$41,850

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.