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$6.60-2.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(Unaudited**)**

	Three Months Ended March 31,
(in thousands, except share data)	2024	2023
Cash flows from operating activities:
Net income	$43	$157
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Noncash revenues, expenses, gains and losses included in income:
Amortization of finite-lived intangible assets	5	5
Stock-based compensation	9	—
Realized loss on sale of marketable securities	—	2,102
Unrealized loss (gain) on marketable securities	3	(2,447)
Deferred income taxes	23	28
Changes in operating assets and liabilities:
Decrease in accounts receivable, net	87	34
(Increase) decrease in inventories, net	(9)	28
Increase in prepaid expenses and other assets	(42)	(111)
Decrease in accounts payable, accrued compensation, income taxes and commissions and other	41	154
Total adjustments	117	(207)
Net cash provided by (used in) operating activities	160	(50)
Cash flows from investing activities:
Proceeds from sale of marketable securities	—	43
Net cash provided by investing activities	—	43
Increase (decrease) in cash and cash equivalents	160	(7)
Cash and cash equivalents at beginning of period	40,711	21,507
Cash and cash equivalents at end of period	$40,871	$21,500
Supplemental Disclosure:
Income taxes paid	$76	$134

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.