LGL GROUP INC
For the period ended Mar 31, 2024. Filed May 15, 2024.
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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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Earnings Per Share
11. Earnings Per Share ("EPS")
The following table presents a reconciliation of Net income (loss) and shares used in calculating basis and diluted net income (loss) per common share for the periods indicated:
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Numerator for EPS: | ||
| Income from continuing operations | $43 | $185 |
| Less: Net income from continuing operations attributable to non-controlling interests | 22 | — |
| Income attributable to LGL Group common shareholders from continuing operations | 21 | 185 |
| Income from discontinued operations, net of tax | — | (28) |
| Net income attributable to LGL Group common stockholders | $21 | $157 |
| Denominator for EPS: | ||
| Weighted average common shares outstanding - basic | 5,352,937 | 5,352,937 |
| Dilutive effects (a): | ||
| Warrants | 246,422 | — |
| Restricted stock | 5,071 | — |
| Weighted average common shares outstanding - diluted | 5,604,430 | 5,352,937 |
| Income per common share attributable to LGL Group common stockholders: | ||
| Basic (b): | ||
| Income from continuing operations | $0.00 | $0.03 |
| Income from discontinued operations | — | (0.01) |
| Net income attributable to LGL Group common stockholders | $0.00 | $0.03 |
| Diluted (b): | ||
| Income from continuing operations | $0.00 | $0.03 |
| Income from discontinued operations | — | (0.01) |
| Net income attributable to LGL Group common stockholders | $0.00 | $0.03 |
| (a) | For the three months ended March 31, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock. |
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| (b) | Basic and diluted earnings per share are calculated using actual, unrounded amounts. Therefore, the components of earnings per share may not sum to its corresponding total. |
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