LGL GROUP INC Q2 FY26 Results

Summary

The LGL Group, Inc. reported second quarter 2026 revenues of $1,153,000, an increase of 24.8% compared to $924,000 in the second quarter of 2025, primarily driven by the Electronic Instruments segment. The company experienced a net loss attributable to common stockholders of ($353,000), or ($0.06) per diluted share, compared to a net loss of ($51,000), or ($0.01) per diluted share, in the prior year's quarter. Management highlighted strong underlying demand for their technology and a record backlog as positive indicators for future growth.

Key Highlights

1. 1

   Revenues increased $229,000 to $1,153,000 for the three months ended June 30, 2026, compared to $924,000 for the same period in 2025, driven by the Electronic Instruments segment.

2. 2

   Backlog within the Electronic Instruments segment increased $3,003,000 to $3,628,000 as of June 30, 2026, from $625,000 as of December 31, 2025.

3. 3

   The company received orders totaling $6.0 million from a satellite communications customer through July 31, 2026, with $3.4 million already included in backlog as of June 30, 2026.

4. 4

   Cash and cash equivalents and marketable securities were $45.2 million as of June 30, 2026, an increase from $41.6 million as of December 31, 2025.

5. 5

   A rights offering completed on July 24, 2026, issued 6,062,714 shares with gross proceeds of $41.8 million, increasing cash and cash equivalents to over $86.0 million.