LGL GROUP INC

For the period ended Jun 30, 2026. Filed Aug 14, 2026.

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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.

Jun 30, 2026 · Filed Aug 14, 2026

LGL$6.63+1.2%Stored close · as of Nov 6, 2026

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Contents

Segment Information

3. Segment Information

Chief Operating Decision Maker

The Company's chief operating decision maker ("CODM") is the Chief Executive Officer.

Reportable Segments

The Company reports its results from operations consistent with the manner in which the CODM reviews the business to assess performance and allocate resources. As such, the Company reports its results intwo reportable business segments: Electronic Instruments and Merchant Investment. A brief description of each segment is below:

The Electronic Instruments segment includes all products manufactured and sold by PTF.

The Merchant Investment segment includes all activity produced by Lynch Capital.

The Company includes in Corporate the following corporate and business activities:

•	corporate level assets and financial obligations such as cash and cash equivalents invested in highly liquid U.S. Treasury money market funds and other marketable securities;

•	other items not allocated to or directly related to the Company's operating segments, including items such as deferred tax balances; and

•	intercompany eliminations.

Measure of Segment Profit or Loss and Segment Assets

The accounting policies used in both the Electronic Instruments and Merchant Investment segments are the same as those described in Note2 – Summary of Significant Accounting Policies.

The CODM assesses the performance of and decides how to allocate resources to each reporting segment based on Segment profit (loss), which is total revenues less Manufacturing cost of sales and Engineering, selling, and administrative. The CODM uses Segment profit (loss) to evaluate the overall profitability of the Electronic Instruments, Merchant Investment, and Corporate segments. Additionally, the CODM uses Segment profit (loss) to allocate resources in the annual budgeting and forecasting process. The CODM considers budget-to-actual variances when making decisions about allocating capital to each segment.

The measure of segment assets is reported on the Condensed Consolidated Balance Sheets as consolidated Total assets. The CODM uses Total assets of each segment to allocate overhead expenses incurred by the Corporate segment.

The following tables present LGL Group's operations by segment:

	Electronic Instruments	Merchant Investment	Corporate	Consolidated
Revenues:
Net sales	$750	$—	$—	$750
Net investment income	—	239	173	412
Net losses	—	—	(9)	(9)
Total revenues	750	239	164	1,153
Less:
Manufacturing cost of sales	381	—	—	381
Engineering	77	—	—	77
Commissions	18	—	—	18
Sales and marketing	59	—	—	59
Accounting	—	—	99	99
Compensation	56	—	337	393
Corporation allocations (a)	12	168	(180)	—
Other segment items (b)	119	34	420	573
Engineering, selling and administrative	341	202	676	1,219
Total expenses	722	202	676	1,600
Segment profit (loss)	$28	$37	$(512)	$(447)
Reconciliation of Segment profit (loss) to Income (loss) before income taxes
Adjustments and reconciling items				—
Loss before income taxes				$(447)

	Electronic Instruments	Merchant Investment	Corporate	Consolidated
Revenues:
Net sales	$491	$—	$—	$491
Net investment income	—	262	166	428
Net gains	—	—	5	5
Total revenues	491	262	171	924
Less:
Manufacturing cost of sales	211	—	—	211
Engineering	57	—	—	57
Commissions	21	—	—	21
Sales and marketing	35	—	—	35
Accounting	—	—	50	50
Compensation	52	—	157	209
Corporation allocations (a)	11	93	(104)	—
Other segment items (b)	36	21	315	372
Engineering, selling and administrative	212	114	418	744
Total expenses	423	114	418	955
Segment profit (loss)	$68	$148	$(247)	$(31)
Reconciliation of Segment profit (loss) to Income (loss) before income taxes
Adjustments and reconciling items				—
Loss before income taxes				$(31)

(a)	The Electronic Instruments and Merchant Investment segments are allocated overhead expenses from the Corporate segment based on each segment's assets as a percentage of Total assets.

(b)	Other segment items for each reportable segment includes the following:
	Electronic Instruments - rent, amortization, professional service fees, and certain other overhead expenses.
	Merchant Investment - legal expense and certain other overhead expenses.
	Corporate - legal expense, insurance expense, filing fees, fees paid to M-tron Industries, Inc. under the Amended and Restated Transitional Administrative and Management Services Agreement, expense reimbursements paid to / received from M-tron Industries, Inc., and certain other overhead expenses.

	Electronic Instruments	Merchant Investment	Corporate	Consolidated
Revenues:
Net sales	$1,432	$—	$—	$1,432
Net investment income	—	462	339	801
Net gains	—	—	5	5
Total revenues	1,432	462	344	2,238
Less:
Manufacturing cost of sales	715	—	—	715
Engineering	167	—	—	167
Commissions	43	—	—	43
Sales and marketing	122	—	—	122
Accounting	—	—	169	169
Compensation	114	—	1,150	1,264
Corporation allocations (a)	28	293	(321)	—
Other segment items (b)	198	34	758	990
Engineering, selling and administrative	672	327	1,756	2,755
Total expenses	1,387	327	1,756	3,470
Segment profit (loss)	$45	$135	$(1,412)	$(1,232)
Reconciliation of Segment profit (loss) to Income (loss) before income taxes
Adjustments and reconciling items				—
Loss before income taxes				$(1,232)

	Electronic Instruments	Merchant Investment	Corporate	Consolidated
Revenues:
Net sales	$989	$—	$—	$989
Net investment income	—	509	336	845
Net gains	—	—	8	8
Total revenues	989	509	344	1,842
Less:
Manufacturing cost of sales	448	—	—	448
Engineering	114	—	—	114
Commissions	40	—	—	40
Sales and marketing	92	—	—	92
Accounting	—	—	125	125
Compensation	108	—	349	457
Corporation allocations (a)	22	186	(208)	—
Other segment items (b)	78	22	456	556
Engineering, selling and administrative	454	208	722	1,384
Total expenses	902	208	722	1,832
Segment profit (loss)	$87	$301	$(378)	$10
Reconciliation of Segment profit (loss) to Income (loss) before income taxes
Adjustments and reconciling items				—
Income before income taxes				$10

(a)	The Electronic Instruments and Merchant Investment segments are allocated overhead expenses from the Corporate segment based on each segment's assets as a percentage of Total assets.

(b)	Other segment items for each reportable segment includes the following:
	Electronic Instruments - rent, amortization, professional service fees, and certain other overhead expenses.
	Merchant Investment - legal expense and certain other overhead expenses.
	Corporate - legal expense, insurance expense, filing fees, fees paid to M-tron Industries, Inc. under the Amended and Restated Transitional Administrative and Management Services Agreement, expense reimbursements paid to / received from M-tron Industries, Inc., and certain other overhead expenses.

Other Segment Disclosures

The following tables present other segment information by segment for the periods indicated:

	Electronic Instruments	Merchant Investment	Corporate	Total	Adjustments and Reconciling Items	Consolidated
Interest revenue (a)	$—	$239	$173	$412	$—	$412
Amortization (b)	5	—	—	5	—	5
Other significant non-cash items:
Stock-based compensation (c)	—	—	160	160	—	160
Capital expenditures	—	—	—	—	—	—

	Electronic Instruments	Merchant Investment	Corporate	Total	Adjustments and Reconciling Items	Consolidated
Interest revenue (a)	$—	$262	$166	$428	$—	$428
Amortization (b)	5	—	—	5	—	5
Other significant non-cash items:
Stock-based compensation (c)	—	—	17	17	—	17
Capital expenditures	—	—	—	—	—	—

	Electronic Instruments	Merchant Investment	Corporate	Total	Adjustments and Reconciling Items	Consolidated
Interest revenue (a)	$—	$462	$339	$801	$—	$801
Amortization (b)	11	—	—	11	—	11
Other significant non-cash items:
Stock-based compensation (c)	—	—	848	848	—	848
Capital expenditures	—	—	—	—	—	—

	Electronic Instruments	Merchant Investment	Corporate	Total	Adjustments and Reconciling Items	Consolidated
Interest revenue (a)	$—	$509	$336	$845	$—	$845
Amortization (b)	11	—	—	11	—	11
Other significant non-cash items:
Stock-based compensation (c)	—	—	26	26	—	26
Capital expenditures	—	—	—	—	—	—

(a)	Interest revenue is included in Net investment income on the Condensed Consolidated Statements of Operations.

(b)	Amortization is included within the other segment expense captions such as Manufacturing cost of sales, Engineering or Other segment items.

(c)	Stock-based compensation is included within the Compensation expense caption.

The following tables present LGL Group's identifiable assets by segment as of* June 30, 2026* and* December 31, 2025*:

	Electronic Instruments	Merchant Investment	Corporate	Total	Adjustments and Reconciling Items	Consolidated
Total assets	$1,469	$28,196	$20,019	$49,684	$—	$49,684

	Electronic Instruments	Merchant Investment	Corporate	Total	Adjustments and Reconciling Items	Consolidated
Total assets	$1,237	$25,768	$19,771	$46,776	$—	$46,776

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