LGL Group, Inc. (The) (LGL) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 45,183 | 24,122 | 18,084 | 19,283 | 17,053 | 5,548 | 5,553 | ||
| Cash and cash equivalents | 29,016 | 18,331 | 12,453 | 15,508 | 13,250 | 2,778 | 5,553 | ||
| Short-term investments | 16,167 | 5,791 | 5,631 | 3,775 | 3,803 | 2,770 | |||
| Receivables | 4,667 | 4,122 | 4,445 | 3,394 | 3,393 | 3,504 | 2,606 | ||
| Inventory, net of allowances, customer advances and progress billings | 5,492 | 5,280 | 6,016 | 4,466 | 3,875 | 3,638 | 3,546 | ||
| Inventory | 5,492 | 5,280 | 6,016 | 4,466 | 3,875 | 3,638 | 3,546 | ||
| Other undisclosed current assets | 494 | 257 | 365 | 242 | 229 | 200 | 247 | ||
| Total current assets: | 55,836 | 33,781 | 28,910 | 27,385 | 24,550 | 12,890 | 11,952 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 396 | 422 | 331 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 3,383 | 2,785 | 2,831 | 2,086 | 2,179 | 2,711 | 3,165 | ||
| Intangible assets, net (including goodwill) | 252 | 327 | 402 | 477 | 552 | 628 | 475 | ||
| Goodwill | 40 | 40 | 40 | 40 | 40 | 40 | 40 | ||
| Intangible assets, net (excluding goodwill) | 212 | 287 | 362 | 437 | 512 | 588 | 435 | ||
| Deferred income tax assets | 34 | 3,052 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 5 | 16 | 102 | 101 | 203 | 211 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 127 | 173 | 214 | |||
| Other undisclosed noncurrent assets | 3,072 | 6,641 | |||||||
| Total noncurrent assets: | 4,070 | 9,674 | 10,307 | 2,690 | 3,005 | 3,756 | 3,851 | ||
| TOTAL ASSETS: | 59,906 | 43,455 | 39,217 | 30,075 | 27,555 | 16,646 | 15,803 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,603 | 3,397 | 4,324 | 2,752 | 2,627 | 2,755 | 2,076 | ||
| Accounts payable | 1,455 | 1,265 | 1,865 | 1,418 | 1,477 | 1,525 | 987 | ||
| Accrued liabilities | 808 | 627 | 191 | 278 | 288 | 320 | |||
| Employee-related liabilities | 1,549 | 1,324 | 1,832 | 1,143 | 872 | 942 | 769 | ||
| Taxes payable | 599 | ||||||||
| Other liabilities | 823 | ||||||||
| Total current liabilities: | 4,426 | 3,397 | 4,324 | 2,752 | 2,627 | 2,755 | 2,076 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 293 | ||||||||
| Other undisclosed long-term debt and lease obligation | 293 | ||||||||
| Liabilities, other than long-term debt | 737 | ||||||||
| Deferred income tax liabilities | 124 | ✕ | ✕ | ✕ | ✕ | ||||
| Other liabilities | 613 | ||||||||
| Total noncurrent liabilities: | 737 | 293 | |||||||
| Total liabilities: | 5,163 | 3,690 | 4,324 | 2,752 | 2,627 | 2,755 | 2,076 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 54,743 | 39,765 | 34,893 | 27,323 | 24,928 | 13,891 | 13,727 | ||
| Common stock | 53 | 53 | 50 | 49 | 47 | 27 | 27 | ||
| Treasury stock, value | (580) | (580) | (580) | (580) | (580) | (580) | (572) | ||
| Additional paid in capital | 45,817 | 45,477 | 41,576 | 41,023 | 40,035 | 29,173 | 29,106 | ||
| Accumulated other comprehensive income (loss) | 35 | (3) | 40 | ||||||
| Retained earnings (accumulated deficit) | 9,453 | (5,185) | (6,153) | (13,169) | (14,609) | (14,726) | (14,874) | ||
| Total stockholders' equity: | 54,743 | 39,765 | 34,893 | 27,323 | 24,928 | 13,891 | 13,727 | ||
| TOTAL LIABILITIES AND EQUITY: | 59,906 | 43,455 | 39,217 | 30,075 | 27,555 | 16,646 | 15,803 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 28,140 | 31,162 | 31,897 | 24,870 | 22,402 | 20,891 | 20,713 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 22,402 | 20,891 | 20,713 | |
| Cost of revenue (Cost of Goods and Services Sold) | (18,069) | (20,233) | (19,381) | (15,211) | (14,661) | (13,858) | (13,863) | |
| Gross profit: | 10,071 | 10,929 | 12,516 | 9,659 | 7,741 | 7,033 | 6,850 | |
| Other undisclosed operating loss | (10,857) | (9,514) | (9,077) | (8,229) | (7,465) | (7,194) | (7,638) | |
| Operating income (loss): | (786) | 1,415 | 3,439 | 1,430 | 276 | (161) | (788) | |
| Nonoperating income (expense) | 19,542 | (111) | 470 | 140 | (57) | 144 | 85 | |
| Other nonoperating income (expense) | 11 | 162 | 484 | 138 | (46) | 166 | 117 | |
| Interest and debt expense | (11) | (22) | ||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 11 | 22 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 18,756 | 1,304 | 3,909 | 1,570 | 219 | (17) | (703) | |
| Income (loss) from equity method investments | 59,453 | (262) | ||||||
| Income (loss) from continuing operations before income taxes: | 78,209 | 1,042 | 3,909 | 1,570 | 219 | (17) | (703) | |
| Income tax expense (benefit) | (4,118) | (336) | 3,107 | (165) | (102) | 165 | (8) | |
| Income (loss) before gain (loss) on sale of properties: | 74,091 | 706 | 7,016 | 1,405 | 117 | 148 | (711) | |
| Other undisclosed net income (loss) | (59,453) | 262 | ||||||
| Net income (loss) available to common stockholders, diluted: | 14,638 | 968 | 7,016 | 1,405 | 117 | 148 | (711) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 14,638 | 968 | 7,016 | 1,405 | 117 | 148 | (711) | |
| Other comprehensive income (loss) | 38 | (43) | (4) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,638 | 968 | 7,016 | 1,405 | 155 | 105 | (715) | |
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.