LGL Group Inc. (The) (LGL) Financial Statements (2024 and earlier)

Company Profile

Business Address 2525 SHADER ROAD
ORLANDO, FL 32804
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments38,09245,18324,12218,08419,28317,053
Cash and cash equivalents21,50729,01618,33112,45315,50813,250
Short-term investments16,58516,1675,7915,6313,7753,803
Receivables5434,6674,1224,4453,3943,393
Inventory, net of allowances, customer advances and progress billings2655,4925,2806,0164,4663,875
Inventory2655,4925,2806,0164,4663,875
Other undisclosed current assets440494257365242229
Total current assets:39,34055,83633,78128,91027,38524,550
Noncurrent Assets
Operating lease, right-of-use asset132396422331
Property, plant and equipment 13,3832,7852,8312,0862,179
Intangible assets, net (including goodwill)78252327402477552
Goodwill  4040404040
Intangible assets, net (excluding goodwill)78212287362437512
Deferred income tax assets234343,052 
Other noncurrent assets  516102 101
Deferred tax assets, net127173
Other undisclosed noncurrent assets   3,0726,641  
Total noncurrent assets:4454,0709,67410,3072,6903,005
TOTAL ASSETS:39,78559,90643,45539,21730,07527,555
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5873,6033,3974,3242,7522,627
Taxes payable599    
Employee-related liabilities1,5491,3241,8321,143872
Accounts payable3101,4551,2651,8651,4181,477
Accrued liabilities277 808627191278
Other liabilities  823    
Total current liabilities:5874,4263,3974,3242,7522,627
Noncurrent Liabilities
Long-term debt and lease obligation, including:   293   
Other undisclosed long-term debt and lease obligation   293   
Liabilities, other than long-term debt708737    
Deferred income tax liabilities  124  
Other liabilities708613    
Total noncurrent liabilities:708737293   
Total liabilities:1,2955,1633,6904,3242,7522,627
Equity
Equity, attributable to parent38,49054,74339,76534,89327,32324,928
Common stock535353504947
Treasury stock, value(580)(580)(580)(580)(580)(580)
Additional paid in capital46,34645,81745,47741,57641,02340,035
Accumulated other comprehensive income      35
Retained earnings (accumulated deficit)(7,329)9,453(5,185)(6,153)(13,169)(14,609)
Equity, attributable to noncontrolling interest      
Total equity:38,49054,74339,76534,89327,32324,928
TOTAL LIABILITIES AND EQUITY:39,78559,90643,45539,21730,07527,555

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,65528,14031,16231,89724,87022,402
Revenue, net22,402
Cost of revenue
(Cost of Goods and Services Sold)
(837)(18,069)(20,233)(19,381)(15,211)(14,661)
Gross profit:81810,07110,92912,5169,6597,741
Other undisclosed operating loss (2,865)(10,857)(9,514)(9,077)(8,229)(7,465)
Operating income (loss):(2,047)(786)1,4153,4391,430276
Nonoperating income (expense) (4,359)19,542(111)470140(57)
Other nonoperating income (expense) (25)11162484138(46)
Interest and debt expense      (11)
Other undisclosed income from continuing operations before equity method investments, income taxes      11
Income (loss) from continuing operations before equity method investments, income taxes:(6,406)18,7561,3043,9091,570219
Income (loss) from equity method investments  59,453(262)   
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(6,406)78,2091,0423,9091,570219
Income tax expense (benefit)1,529(4,118)(336)3,107(165)(102)
Income (loss) from continuing operations:(4,877)74,0917067,0161,405117
Income before gain (loss) on sale of properties:74,0917067,0161,405117
Income (loss) from discontinued operations1,885     
Other undisclosed net income (loss)  (59,453)262   
Net income (loss):(2,992)14,6389687,0161,405117
Net loss attributable to noncontrolling interest      
Net income (loss) available to common stockholders, diluted:(2,992)14,6389687,0161,405117

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,992)14,6389687,0161,405117
Other comprehensive income      38
Comprehensive income (loss):(2,992)14,6389687,0161,405155
Comprehensive loss, net of tax, attributable to noncontrolling interest      
Comprehensive income (loss), net of tax, attributable to parent:(2,992)14,6389687,0161,405155

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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