LGL GROUP INC
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
View on SEC.govAbout 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.
Jun 30, 2024 · Filed Aug 13, 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
Condensed Consolidated Statements of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (in thousands, except share data) | 2024 | 2023 | 2024 | 2023 |
| Revenues: | ||||
| Net sales | $531 | $403 | $923 | $844 |
| Net investment income | 538 | 275 | 1,037 | 473 |
| Net (losses) gains | (1) | 43 | (4) | 388 |
| Total revenues | 1,068 | 721 | 1,956 | 1,705 |
| Expenses: | ||||
| Manufacturing cost of sales | 214 | 208 | 418 | 400 |
| Engineering, selling and administrative | 617 | 645 | 1,222 | 1,187 |
| Total expenses | 831 | 853 | 1,640 | 1,587 |
| Income (loss) from continuing operations before income taxes | 237 | (132) | 316 | 118 |
| Income tax (benefit) expense | 76 | (2) | 112 | 63 |
| Net income (loss) from continuing operations | 161 | (130) | 204 | 55 |
| Income (loss) from discontinued operations, net of tax | — | — | — | (28) |
| Net income (loss) | 161 | (130) | 204 | 27 |
| Less: Net income attributable to non-controlling interests | 24 | — | 46 | — |
| Net income (loss) attributable to LGL Group common stockholders | $137 | $(130) | $158 | $27 |
| Income (loss) per common share attributable to LGL Group common stockholders: | ||||
| Basic (a): | ||||
| Income (loss) from continuing operations | $0.03 | $(0.02) | $0.03 | $0.01 |
| Income (loss) from discontinued operations | — | — | — | (0.01) |
| Net income (loss) attributable to LGL Group common stockholders | $0.03 | $(0.02) | $0.03 | $0.01 |
| Diluted (a): | ||||
| Income (loss) from continuing operations | $0.02 | $(0.02) | $0.03 | $0.01 |
| Income (loss) from discontinued operations | — | — | — | (0.01) |
| Net income (loss) attributable to LGL Group common stockholders | $0.02 | $(0.02) | $0.03 | $0.01 |
| Weighted average shares outstanding: | ||||
| Basic | 5,352,937 | 5,352,937 | 5,352,937 | 5,352,937 |
| Diluted | 5,482,543 | 5,352,937 | 5,548,869 | 5,352,937 |
| (a) | 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. |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.