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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,33938,38738,09239,36141,50244,467
Cash and cash equivalents40,31421,50021,50722,29122,32521,652
Short-term investments2516,88716,58517,07019,17722,815
Receivables3735095435,6224,7115,255
Inventory, net of allowances, customer advances and progress billings2262372657,5846,3725,919
Inventory2262372657,5846,3725,919
Other undisclosed current assets266551440217331467
Total current assets:41,20439,68439,34052,78452,91656,108
Noncurrent Assets
Operating lease, right-of-use asset87103132290332369
Property, plant and equipment  113,5603,4653,442
Intangible assets, net (including goodwill), including:727378196214234
Goodwill      40
Intangible assets, net (excluding goodwill)   78  194
Other undisclosed intangible assets, net (including goodwill)7273 196214 
Deferred income tax assets2162062341,05649975
Other noncurrent assets    18201
Total noncurrent assets:3753834455,1204,5304,121
TOTAL ASSETS:41,57940,06739,78557,90457,44660,229
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5037775876,7654,7894,497
Taxes payable766801
Employee-related liabilities1,5571,3361,084
Accounts payable583613103,0341,5601,568
Accrued liabilities4454162772,0981,8871,044
Other undisclosed current liabilities    (1,633)(1,342) 
Total current liabilities:5037775875,1323,4474,497
Noncurrent Liabilities
Long-term debt and lease obligation, including:      587
Other undisclosed long-term debt and lease obligation      587
Liabilities, other than long-term debt687643708593632 
Other liabilities687643708593632 
Total noncurrent liabilities:687643708593632587
Total liabilities:1,1901,4201,2955,7254,0795,084
Equity
Equity, attributable to parent38,51738,64738,49052,17953,36755,145
Common stock535353535353
Treasury stock, value(580)(580)(580)(580)(580)(580)
Additional paid in capital46,34646,34646,34646,34146,07046,050
Retained earnings (accumulated deficit)(7,302)(7,172)(7,329)6,3657,8249,622
Equity, attributable to noncontrolling interest1,872     
Total equity:40,38938,64738,49052,17953,36755,145
TOTAL LIABILITIES AND EQUITY:41,57940,06739,78557,90457,44660,229

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues403441(22,648)8,7617,4348,108
Cost of revenue
(Cost of Goods and Services Sold)
(208)(192)14,754(5,891)(4,639)(5,061)
Gross profit:195249(7,894)2,8702,7953,047
Other undisclosed operating income (loss) (633)(558)5,381(2,749)(2,671)(2,826)
Operating income (loss):(438)(309)(2,513)121124221
Nonoperating income (expense) 30653176(2,083)(2,374)22
Investment income, nonoperating 43345 (4,242)(4,746) 
Other nonoperating expense (12)(12) (13)(8)(16)
Income (loss) from continuing operations before equity method investments, income taxes:(132)222(2,437)(1,962)(2,250)243
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(132)222(2,437)(1,962)(2,250)243
Income tax expense (benefit)2(65)648503452(74)
Income (loss) from continuing operations:(130)157(1,789)(1,459)(1,798)169
Income (loss) before gain (loss) on sale of properties:(1,459)(1,798)169
Other undisclosed net income   1,885   
Net income (loss):(130)15796(1,459)(1,798)169
Net loss attributable to noncontrolling interest      
Net income (loss) available to common stockholders, diluted:(130)15796(1,459)(1,798)169

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(130)15796(1,459)(1,798)169
Comprehensive income (loss):(130)15796(1,459)(1,798)169
Comprehensive loss, net of tax, attributable to noncontrolling interest      
Comprehensive income (loss), net of tax, attributable to parent:(130)15796(1,459)(1,798)169

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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