Quarterly ResultMay 11, 2026, 04:57 PM
LGL Group Q1 Revenue +18.2% to $1.08M; Net Loss $(0.62)M
AI Summary
The LGL Group, Inc. reported its first quarter 2026 financial results, showing an 18.2% increase in total revenues to $1.085 million. Despite revenue growth and a significant 144.0% increase in backlog, the company posted a net loss of $(0.622) million, a substantial widening from the $(0.006) million loss in Q1 2025, primarily due to non-cash incentive stock-based compensation and higher costs. The company also announced an Investor Day for May 12, 2026.
Key Highlights
- Total revenues increased 18.2% to $1.085 million for Q1 2026.
- Net loss attributable to common stockholders was $(0.622) million, compared to $(0.006) million in Q1 2025.
- Backlog surged 144.0% to $1.525 million as of March 31, 2026.
- Cash and cash equivalents and marketable securities rose to $46.7 million.
- Book value per share decreased to $6.81 as of March 31, 2026.
- Electronic Instruments segment revenue grew 36.9% to $0.682 million.
- Gross margin decreased to 51.0% from 52.4% in the prior year quarter.