LGL Group, Inc. (The)
Description
The LGL Group, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; Network Time Protocol (NTP) servers; and redundancy auto switches. It also offers time and frequency instrumentation, including frequency standards, time standards, and time code generators. In, addition it offers wide range of ancillary products, such as RF distribution amplifiers, digital distribution amplifiers, time code distribution amplifiers, and redundancy switches. Its products are used in computer networking, satellite ground stations, electric utilities, metrology, broadcasting, and telecommunication systems. In addition, it engages in the merchant investment activities. The company was formerly known as Lynch Corporation and changed its name to The LGL Group, Inc. The LGL Group, Inc. was founded in 1917 and is based in Orlando, Florida.
About
CEO
Mr. Marc Joseph Gabelli
Employees
10
Instrument type
Common Stock
Sector
Technology
Industry
Electronic Components
MIC code
XASE
Address
2525 Shader Road, Orlando, FL 32804, United States
×
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 11, 2025 | — | — | — | — |
| Aug 11, 2025 | — | — | — | — |
| May 14, 2025 | — | — | — | — |
| Mar 31, 2025 | — | — | — | — |
| Nov 15, 2023 | 0.03 | 0.02 | -0.01 | -33.33% |
Earnings estimate
| Number of analysts | — | — | — | — |
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| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | — | 1.66M | 1.45M | 31.16M | 31.90M |
| Cost of revenue | — | 837,000 | 711,000 | 20.23M | 19.38M |
| Gross profit | — | 818,000 | 735,000 | 10.93M | 12.52M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | — | 2.89M | 4.26M | 9.51M | 9.08M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | -2.07M | -3.52M | 1.42M | 3.44M |
| Non operating interest income | |||||
| Income | — | 194,000 | 1,000 | — | 2,000 |
| Expense | — | — | 11,000 | 11,000 | — |
| Other income expense | — | -4.53M | 19.54M | -100,000 | 468,000 |
| Pretax income | — | -6.41M | 16.02M | 1.30M | 3.91M |
| Tax provision | — | -1.53M | 3.47M | 336,000 | -3.11M |
| Net income | — | -2.99M | 14.64M | 968,000 | 7.02M |
| Basic EPS | 0.05 | -0.56 | 2.77 | 0.19 | 1.44 |
| Diluted EPS | 0.05 | -0.56 | 2.74 | 0.19 | 1.41 |
| Basic average shares | 5.35M | 5.34M | 5.28M | 5.17M | 4.88M |
| Diluted average shares | 5.35M | 5.34M | 5.28M | 5.17M | 4.88M |
| EBITDA | — | 3.01M | 36.97M | 1.63M | 3.93M |
| Net income from continuing op. | — | -2.99M | 14.64M | 968,000 | 7.02M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|
| Fiscal date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 39.79M | 60.31M | 43.46M | 39.22M | 30.08M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 21.51M | 26.38M | 18.33M | 12.45M | 15.51M |
| Other short term investments | 16.59M | 16.16M | 5.79M | 5.63M | 3.78M |
| Accounts receivable | 543,000 | 672,000 | 4.12M | 4.45M | 3.39M |
| Other receivables | — | — | — | — | — |
| Inventory | 265,000 | 271,000 | 5.28M | 6.02M | 4.47M |
| Prepaid assets | — | 494,000 | 257,000 | 365,000 | 242,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | 12.09M | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 440,000 | 262,000 | — | — | — |
| Non current assets | |||||
| Properties | 132,000 | 817,000 | 422,000 | 331,000 | — |
| Land and improvements | — | 536,000 | 536,000 | 536,000 | 536,000 |
| Machinery furniture equipment | — | 18.82M | 17.78M | 17.53M | 17.01M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -638,000 | -638,000 | -20.34M | -19.88M | -19.49M |
| Goodwill | 78,000 | 100,000 | 327,000 | 402,000 | 477,000 |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | 3.07M | 3.33M | — |
| Other non current assets | 234,000 | 4.20M | 3.07M | 3.41M | 127,000 |
| Total liabilities | 1.30M | 5.57M | 3.69M | 4.32M | 2.75M |
| Current liabilities | |||||
| Accounts payable | 310,000 | 60,000 | 1.24M | 1.87M | 1.42M |
| Accrued expenses | 106,000 | 479,000 | 808,000 | 387,000 | 191,000 |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 1,000 | 524,000 | 25,000 | — | — |
| Pensions | 170,000 | 330,000 | 1.32M | 1.83M | 1.14M |
| Other current liabilities | — | 3.03M | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | — | 293,000 | 240,000 | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | 531,000 | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 708,000 | 468,000 | 293,000 | — | — |
| Shareholders equity | |||||
| Common stock | 53,000 | 53,000 | 53,000 | 50,000 | 49,000 |
| Retained earnings | -7.33M | 9.45M | -5.19M | -6.15M | -13.17M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 38.49M | 54.74M | 39.77M | 34.89M | 27.32M |
| Additional paid in capital | 46.35M | 45.82M | 45.48M | 41.58M | 41.02M |
| Treasury stock | 580,000 | 580,000 | 580,000 | 580,000 | 580,000 |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1986 | 1985 | 1984 | 1983 | 1982 | 1981 | 1980 | 1979 | 1978 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||||||||||
| Net Income | -2.99M | 14.64M | 968,000 | 7.02M | 1.41M | 117,000 | 148,000 | -711,000 | -2.83M | -8.22M | -1.32M | 382,000 | 9.42M | -2.52M | -1.28M | -2.55M | 865,000 | 1.21M | -3.33M | 110,000 | 17.96M | -22.94M | -5.68M | -1.89M | 3.36M | -2.88M | 4.00M | 5.10M | 2.60M | 4.10M | 1.90M | 1.40M | — | — | — | — | — | — | — | — | — | — | — | — |
| Depreciation | 558,000 | 576,000 | 528,000 | 493,000 | 492,000 | 642,000 | 772,000 | 870,000 | 922,000 | 990,000 | 805,000 | 843,000 | 757,000 | 878,000 | 1.10M | 1.11M | 1.29M | 1.51M | 1.17M | 1.24M | 1.25M | 5.26M | 8.61M | 7.81M | 5.94M | 3.85M | 17.00M | 11.30M | 7.50M | 6.20M | 5.40M | 5.20M | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | -1.52M | 3.14M | 255,000 | -3.18M | 46,000 | 41,000 | -214,000 | — | — | 3.92M | -576,000 | 5,000 | -3.28M | — | — | — | — | — | -6,000 | 150,000 | 203,000 | 501,000 | 1.85M | 3.28M | -1.49M | -1.28M | 2.10M | 200,000 | -1.50M | 1.80M | -300,000 | 400,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 388,000 | 413,000 | 790,000 | 112,000 | 64,000 | 88,000 | 67,000 | 265,000 | 308,000 | 575,000 | 428,000 | 363,000 | 185,000 | 81,000 | 113,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | 1.32M | — | 16,000 | -4,000 | — | -4,000 | 308,000 | 308,000 | 824,000 | 428,000 | 382,000 | 9.42M | 316,000 | 113,000 | 984,000 | 28,000 | — | — | — | — | — | — | — | -100,000 | 200,000 | — | 100,000 | — | — | 400,000 | -100,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Receivable | -613,000 | -545,000 | 323,000 | -1.05M | -1,000 | 111,000 | -890,000 | 660,000 | -29,000 | 1.11M | -41,000 | 1.47M | -1.00M | 1.70M | -101,000 | 90,000 | 1.15M | 514,000 | -1.51M | -2.27M | 6.29M | 10.86M | -10.38M | 678,000 | 2.56M | 1.96M | 400,000 | -3.70M | -11.20M | -600,000 | -900,000 | -900,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | 1.55M | 801,000 | -717,000 | 1.24M | 125,000 | -128,000 | 634,000 | -1.01M | -302,000 | -345,000 | 270,000 | -895,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -2.33M | -212,000 | 736,000 | -1.55M | -591,000 | -237,000 | -62,000 | 651,000 | 731,000 | 1.40M | -75,000 | 41,000 | -395,000 | -277,000 | 5,000 | 765,000 | -2.60M | -713,000 | 1.14M | -882,000 | 608,000 | 18.16M | -3.67M | -2.14M | 242,000 | 1.94M | -5.20M | — | -2.20M | 300,000 | 400,000 | 1.00M | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | -4.95M | 20.13M | 2.88M | 3.10M | 1.54M | 634,000 | 451,000 | 1.03M | -887,000 | 262,000 | -81,000 | 2.59M | 15.11M | 180,000 | -54,000 | 390,000 | 731,000 | 2.52M | -2.53M | -1.66M | 26.32M | 11.84M | -9.27M | 7.74M | 10.51M | 3.79M | 18.30M | 13.00M | -4.80M | 11.80M | 6.90M | 7.00M | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Activities | ||||||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | 96,000 | — | — | -748,000 | 28,000 | — | — | — | — | 255,000 | -303,000 | -755,000 | -36,000 | -440,000 | -141,000 | -223,000 | -1.10M | -4.32M | 103.06M | -601,000 | -3.23M | -25.50M | -19.60M | -11.60M | -4.30M | -3.10M | -2.20M | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | -3.35M | — | — | -295,000 | — | — | — | — | — | — | — | — | — | — | — | -7.35M | — | -1.07M | — | — | — | -47.93M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -7.23M | -5.32M | -21,000 | -5.05M | — | -1.00M | -2.70M | — | — | — | — | — | — | — | — | — | -68,000 | -1.24M | -1.05M | -2.02M | — | — | — | — | — | — | — | — | -2.50M | -5.10M | -7.60M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 2.06M | 18.55M | — | 3.40M | — | — | — | — | — | — | — | — | — | — | — | 2.29M | 2.98M | 1.35M | — | 1.04M | — | — | — | — | 4.80M | 11.60M | — | 3.00M | — | — | 100,000 | 27.50M | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -5.17M | 10.51M | -21,000 | -5.00M | — | -872,000 | -2.87M | 94,000 | -1.50M | 28,000 | — | — | — | — | 255,000 | 2.09M | 2.38M | 551,000 | -8.84M | -1.12M | -2.94M | -5.90M | 44.44M | 103.57M | -43.86M | 7.03M | -79.80M | -118.00M | -46.40M | -17.20M | -12.20M | 23.50M | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing Activities | ||||||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | 548,000 | — | — | 1.71M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | -58,000 | -342,000 | -817,000 | -2.62M | -1.82M | -397,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -1.05M | -251,000 | -225,000 | — | — | — | — | — | 1.50M | -65,000 | -1.50M | -69,000 | -1.79M | — | — | — | 96,000 | 76,000 | 14,000 | — | — | 69,000 | -242,000 | -580,000 | -1.57M | 755,000 | -4.50M | -400,000 | 1.10M | 8.40M | 800,000 | 100,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -1.05M | -251,000 | 3.03M | — | -28,000 | 10.79M | -8,000 | — | 319,000 | -358,000 | -3.71M | 8.94M | -6.10M | -2.87M | 3.03M | — | 96,000 | 3.58M | 1.74M | — | — | 69,000 | 2.76M | -1.36M | -1.48M | 1.43M | -3.70M | -400,000 | -6.80M | 15.10M | — | -200,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Cash Details | ||||||||||||||||||||||||||||||||||||||||||||
| End Cash Position | 21.51M | 29.02M | 18.33M | 12.45M | 15.51M | 13.25M | 2.78M | 5.55M | 5.19M | 7.18M | 8.63M | 13.71M | 4.15M | 3.82M | 5.33M | 5.23M | 4.43M | 5.51M | 2.58M | 3.98M | 5.99M | 4.25M | 10.54M | 69.13M | 1.13M | 4.00M | 33.90M | 15.90M | 18.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | 741,000 | 72,000 | 60,000 | 86,000 | 69,000 | 41,000 | 52,000 | 30,000 | — | 21,000 | 157,000 | 433,000 | 78,000 | 22,000 | 114,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | 3,000 | 6,000 | 23,000 | 23,000 | 17,000 | 21,000 | 32,000 | 36,000 | 95,000 | 91,000 | 318,000 | 399,000 | 389,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -1.48M | 253,000 | 2.79M | 1.50M | 1.33M | 550,000 | 106,000 | 267,000 | -2.31M | -1.11M | -1.38M | 627,000 | 4.74M | 312,000 | -1.48M | -833,000 | -2.61M | 1.94M | -2.35M | -685,000 | 3.37M | 4.45M | -7.76M | 9.06M | -2.36M | -1.51M | 3.60M | 7.60M | 3.00M | 5.40M | 3.70M | 1.60M | — | — | — | — | — | — | — | — | — | — | — | — |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 61,008 | 420,345 | 1.14% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 51,187 | 352,678 | 0.95% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 44,779 | 308,527 | 0.83% |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | Sep 30, 2024 | 29,200 | 201,187 | 0.54% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 19,498 | 134,341 | 0.36% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 15,751 | 108,524 | 0.29% |
| Dimensional ETF Tr-Dimensional U.S. Targeted Value ETF | Oct 31, 2024 | 11,157 | 76,871 | 0.21% |
| DFA U.S. Core Equity 2 Portfolio | Oct 31, 2024 | 6,640 | 45,749 | 0.12% |
| iShares Micro Cap ETF | Nov 30, 2024 | 6,190 | 42,649 | 0.12% |
| Fidelity Series Total Market Index Fund | Nov 30, 2024 | 3,728 | 25,685 | 0.07% |
Article
The LGL Group, Inc. to Acquire 1 Million Shares of Morgan Group Holding Company
Orlando, Florida--(Newsfile Corp. - December 31, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") today announced that it has entered into a Subscription Agreement for a private placement of 1,000,000 newly issued shares of Morgan Group Holding Company (OTC Pink: MGHL) ("MGHL") common stock, representing a majority stake. At closing, LGL Group will pay MGHL aggregate consideration of $2.27 million, payable in cash (subject to adjustments).
Dec 31, 2024
Article
The LGL Group, Inc. Reports Third Quarter 2024 Results
Orlando, Florida--(Newsfile Corp. - November 13, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Total revenues increased $201,000 to $1,179,000 for the three months ended September 30, 2024 from $978,000 for the three months ended September 30, 2023 Income from continuing operations before income taxes and after non-controlling interests decreased $57,000 to $120,000 for the three months ended September 30, 2024 from $177,000 for the three months ended September 30, 2023 Net income per diluted share decreased $0.01 to $0.01 for the three months ended September 30, 2024 from $0.02 for the three months ended September 30, 2023 Fiscal Year to Date 2024 Total revenues increased $452,000 to $3,135,000 for the nine months ended September 30, 2024 from $2,683,000 for the nine months ended September 30, 2023 Income from continuing operations before income taxes and after non-controlling interests increased $95,000 to $390,000 for the nine months ended September 30, 2024 from $295,000 for the nine months ended September 30, 2023 Net income per diluted share increased $0.01 to $0.04 for the nine months ended September 30, 2024 from $0.03 for the nine months ended September 30, 2023 Cash and cash equivalents and marketable securities were $41,618,000 as of September 30, 2024 "Although our yields in U.S. Treasuries have seen a modest decline, the portfolio's overall performance has been resilient despite the Federal Reserve's September rate cut," said Tim Foufas, Co-Chief Executive Officer.
Nov 13, 2024
Article
The LGL Group, Inc. to Present at Sidoti Virtual Conference on September 18, 2024
Orlando, Florida--(Newsfile Corp. - September 13, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced members of LGL Group management, including Tim Foufas, Co-Chief Executive Officer, will present and host one-one-one meetings with investors at the Sidoti September Virtual Investor Conference, taking place on Wednesday and Thursday, September 18 - 19, 2024, featuring a range of compelling presentations from various small-cap companies. The presentation will begin at 9:15 am Eastern Time (US and Canada) on September 18, 2024, and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_1OYuAYl2SLW34KUNRyVtuw#.
Sep 13, 2024
