| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 0.68 | 36.0% |
| Total Income | 0.68 | 36.0% |
| Expenditure | 1.87 | 112.5% |
| PBT | -0.79 | 2075.0% |
| Net Profit | -0.62 | 6100.0% |
| OPM | — | |
| NPM | -91.20% | 90.00pp |
| EPS | -0.10 |
LGL Group Reports Q1 2026 Results; Revenue Increased 18.2% to $1,085,000
12 May 2026 · 12 May, 2:27 am
Summary
The LGL Group, Inc. reported its financial results for the first quarter ended March 31, 2026. Revenues increased by 18.2% to $1,085,000 compared to the same period last year. The company's backlog increased significantly by 144.0% to $1,525,000. However, the net loss attributable to LGL Group common stockholders was ($622,000) compared to ($6,000) in the prior year, primarily due to non-cash incentive stock-based compensation and higher materials costs.
Key Highlights
- 1
Revenues increased by 18.2% to $1,085,000 for the three months ended March 31, 2026, from $918,000 for the three months ended March 31, 2025.
- 2
The order backlog increased by $900,000, or 144.0%, to $1,525,000 as of March 31, 2026, from $625,000 as of December 31, 2025.
- 3
Cash and cash equivalents and marketable securities were $46.7 million as of March 31, 2026, compared to $41.6 million as of December 31, 2025.
- 4
Book value attributable to LGL Group common stockholders per share was $6.81 as of March 31, 2026, compared to $7.04 as of December 31, 2025.
- 5
Net loss attributable to LGL Group common stockholders was ($622,000) for the three months ended March 31, 2026, compared to ($6,000) for the three months ended March 31, 2025.
Management Comments
Jason Lamb
"Precise time is the invisible infrastructure behind modern defense technology," said Jason Lamb, LGL Group Chief Executive Officer. "From space-based systems and electronic warfare to signals intelligence, targeting, secure communications, and networked command-and-control, these platforms depend on disciplined timing, synchronization, and frequency control to operate with accuracy, resilience, and trust. Through our ownership of Precise Time and Frequency, LLC, we believe we are positioned to build on that technical foundation, invest behind the business, and grow a technically differentiated platform serving mission-critical defense, aerospace, and communications applications."
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