Quarterly ResultNov 12, 2026, 05:31 PM
LGL Group Q3 Revenues Up 32.1% to $1.46M; Posts Net Loss of $45K
AI Summary
The LGL Group, Inc. reported its third quarter 2026 financial results, with total revenues increasing by 32.1% year-over-year to $1.464 million. However, the company posted a net loss of $45,000 for the quarter, a significant decrease from the $772,000 net income reported in the third quarter of 2025. This change was primarily attributed to the reversal of a previously recorded uncertain tax position in 2025. The company also highlighted a substantial increase in its Electronic Instruments segment backlog and a strong rise in cash reserves following a rights offering.
Key Highlights
- Total revenues increased 32.1% to $1.464M in Q3 2026 from $1.108M in Q3 2025.
- Net loss attributable to common stockholders was ($45,000) in Q3 2026, compared to net income of $772,000 in Q3 2025.
- Electronic Instruments segment backlog grew to $6.5M as of Sept 30, 2026, from $625K as of Dec 31, 2025.
- Cash and cash equivalents and marketable securities increased to $87.0M as of Sept 30, 2026, from $41.6M as of Dec 31, 2025.
- Completed rights offering on July 24, 2026, issuing 6,062,714 shares with net proceeds of $41.5 million.
- Book value per share decreased to $6.81 as of Sept 30, 2026, from $7.04 as of Dec 31, 2025.
Price Impact
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