LGL GROUP INC

For the period ended Sep 30, 2024. Filed Nov 13, 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.

Sep 30, 2024 · Filed Nov 13, 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)	September 30, 2024	December 31, 2023
Assets:
Current assets:
Cash and cash equivalents	$41,602	$40,711
Marketable securities	16	22
Accounts receivable, net of reserves of $52 and $58, respectively	133	356
Inventories, net	338	204
Prepaid expenses and other current assets	185	273
Total current assets	42,274	41,566
Right-of-use lease assets	21	75
Intangible assets, net	41	57
Deferred income tax assets	149	152
Total assets	$42,485	$41,850
Liabilities:
Current liabilities:
Accounts payable	264	93
Accrued compensation and commissions	257	264
Income taxes payable	91	41
Other accrued expenses	127	76
Total current liabilities	739	474
Other liabilities	743	694
Total liabilities	1,482	1,168
Contingencies (Note 12)
Stockholders' equity:
Common stock ($0.01 par value; 30,000,000 shares authorized; 5,454,639 shares issued and 5,373,055 shares outstanding as of September 30, 2024 and December 31, 2023)	53	53
Treasury stock, at cost (81,584 shares as of September 30, 2024 and December 31, 2023)	(580)	(580)
Additional paid-in capital	46,376	46,349
Accumulated deficit	(6,830)	(7,060)
Total LGL Group stockholders' equity	39,019	38,762
Non-controlling interests	1,984	1,920
Total stockholders' equity	41,003	40,682
Total liabilities and stockholders' equity	$42,485	$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.