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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,73340,79940,33938,38738,09239,361
Cash and cash equivalents40,71140,77740,31421,50021,50722,291
Short-term investments22222516,88716,58517,070
Receivables3562733735095435,622
Inventory, net of allowances, customer advances and progress billings2041912262372657,584
Inventory2041912262372657,584
Other undisclosed current assets273239266551440217
Total current assets:41,56641,50241,20439,68439,34052,784
Noncurrent Assets
Operating lease, right-of-use asset757187103132290
Property, plant and equipment   113,560
Intangible assets, net (including goodwill), including:5763727378196
Intangible assets, net (excluding goodwill)57   78 
Other undisclosed intangible assets, net (including goodwill)  637273 196
Deferred income tax assets 1521862162062341,056
Other noncurrent assets      18
Total noncurrent assets:2843203753834455,120
TOTAL ASSETS:41,85041,82241,57940,06739,78557,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4746115037775876,765
Taxes payable76
Employee-related liabilities1,557
Accounts payable93215583613103,034
Accrued liabilities3813964454162772,098
Other undisclosed current liabilities      (1,633)
Total current liabilities:4746115037775875,132
Noncurrent Liabilities
Liabilities, other than long-term debt694692687643708593
Other liabilities694692687643708593
Total noncurrent liabilities:694692687643708593
Total liabilities:1,1681,3031,1901,4201,2955,725
Equity
Equity, attributable to parent38,76238,62538,51738,64738,49052,179
Common stock535353535353
Treasury stock, value(580)(580)(580)(580)(580)(580)
Additional paid in capital46,34946,34646,34646,34646,34646,341
Retained earnings (accumulated deficit)(7,060)(7,194)(7,302)(7,172)(7,329)6,365
Equity, attributable to noncontrolling interest1,9201,8941,872   
Total equity:40,68240,51940,38938,64738,49052,179
TOTAL LIABILITIES AND EQUITY:41,85041,82241,57940,06739,78557,904

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues995978403441(22,648)8,761
Cost of revenue1,583(195)(208)(192)14,754(5,891)
Cost of goods and services sold (195)(208)(192)14,754(5,891)
Gross profit:2,578783195249(7,894)2,870
Operating expenses 15     
Other undisclosed operating income (loss)   (633)(558)5,381(2,749)
Operating income (loss):2,593783(438)(309)(2,513)121
Nonoperating income (expense)   30653176(2,083)
Investment income, nonoperating   43345 (4,242)
Income (loss) from continuing operations before equity method investments, income taxes:2,593783(132)222(2,437)(1,962)
Other undisclosed loss from continuing operations before income taxes(2,236)(584)    
Income (loss) from continuing operations before income taxes:357199(132)222(2,437)(1,962)
Income tax expense (benefit)(169)(69)2(65)648503
Income (loss) from continuing operations:188130(130)157(1,789)(1,459)
Loss before gain (loss) on sale of properties:(1,459)
Other undisclosed net income (loss) (28)   1,885 
Net income (loss):160130(130)15796(1,459)
Net loss attributable to noncontrolling interest(26)(22)    
Net income (loss) available to common stockholders, diluted:134108(130)15796(1,459)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):160130(130)15796(1,459)
Comprehensive income (loss):160130(130)15796(1,459)
Comprehensive loss, net of tax, attributable to noncontrolling interest(26)(22)    
Comprehensive income (loss), net of tax, attributable to parent:134108(130)15796(1,459)

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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