LGL GROUP INC
For the period ended Sep 30, 2024. Filed Nov 13, 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.
Sep 30, 2024 · Filed Nov 13, 2024
LGL$6.60-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except share data) | 2024 | 2023 | 2024 | 2023 |
| Revenues: | ||||
| Net sales | $650 | $438 | $1,573 | $1,282 |
| Net investment income | 531 | 544 | 1,568 | 1,017 |
| Net (losses) gains | (2) | (4) | (6) | 384 |
| Total revenues | 1,179 | 978 | 3,135 | 2,683 |
| Expenses: | ||||
| Manufacturing cost of sales | 368 | 195 | 786 | 595 |
| Engineering, selling and administrative | 673 | 584 | 1,895 | 1,771 |
| Total expenses | 1,041 | 779 | 2,681 | 2,366 |
| Income from continuing operations before income taxes | 138 | 199 | 454 | 317 |
| Income tax expense | 48 | 69 | 160 | 132 |
| Net income from continuing operations | 90 | 130 | 294 | 185 |
| Income (loss) from discontinued operations, net of tax | — | — | — | (28) |
| Net income | 90 | 130 | 294 | 157 |
| Less: Net income attributable to non-controlling interests | 18 | 22 | 64 | 22 |
| Net income attributable to LGL Group common stockholders | $72 | $108 | $230 | $135 |
| Income (loss) per common share attributable to LGL Group common stockholders: | ||||
| Basic (a): | ||||
| Income from continuing operations | $0.01 | $0.02 | $0.04 | $0.03 |
| Income (loss) from discontinued operations | — | — | — | (0.01) |
| Net income attributable to LGL Group common stockholders | $0.01 | $0.02 | $0.04 | $0.03 |
| Diluted (a): | ||||
| Income from continuing operations | $0.01 | $0.02 | $0.04 | $0.03 |
| Income (loss) from discontinued operations | — | — | — | (0.01) |
| Net income attributable to LGL Group common stockholders | $0.01 | $0.02 | $0.04 | $0.03 |
| Weighted average shares outstanding: | ||||
| Basic | 5,352,937 | 5,352,937 | 5,352,937 | 5,352,937 |
| Diluted | 5,531,969 | 5,355,006 | 5,543,795 | 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. |
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