LGL Group, Inc. (The) (LGL) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,12218,08419,28317,0535,5485,5535,192
Cash and cash equivalents18,33112,45315,50813,2502,7785,5535,192
Short-term investments5,7915,6313,7753,8032,770  
Receivables4,1224,4453,3943,3933,5042,6063,266
Inventory, net of allowances, customer advances and progress billings5,2806,0164,4663,8753,6383,5464,198
Inventory5,2806,0164,4663,8753,6383,5464,198
Other undisclosed current assets257365242229200247278
Total current assets:33,78128,91027,38524,55012,89011,95212,934
Noncurrent Assets
Operating lease, right-of-use asset422331
Property, plant and equipment2,7852,8312,0862,1792,7113,1653,547
Intangible assets, net (including goodwill)3274024775526284751,016
Goodwill40404040404040
Intangible assets, net (excluding goodwill)287362437512588435976
Deferred income tax assets3,052 
Other noncurrent assets16102 101203211253
Deferred tax assets, net127173214  
Other undisclosed noncurrent assets3,0726,641    (488)
Total noncurrent assets:9,67410,3072,6903,0053,7563,8514,328
TOTAL ASSETS:43,45539,21730,07527,55516,64615,80317,262
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3974,3242,7522,6272,7552,0762,783
Accounts payable1,2651,8651,4181,4771,5259871,719
Accrued liabilities808627191278288320383
Employee-related liabilities1,3241,8321,143872942769681
Other undisclosed current liabilities      242
Total current liabilities:3,3974,3242,7522,6272,7552,0763,025
Noncurrent Liabilities
Long-term debt and lease obligation, including:293      
Other undisclosed long-term debt and lease obligation293      
Total noncurrent liabilities:293      
Total liabilities:3,6904,3242,7522,6272,7552,0763,025
Stockholders' equity
Stockholders' equity attributable to parent39,76534,89327,32324,92813,89113,72714,237
Common stock53504947272727
Treasury stock, value(580)(580)(580)(580)(580)(572)(572)
Additional paid in capital45,47741,57641,02340,03529,17329,10628,901
Accumulated other comprehensive income (loss)   35(3)4044
Accumulated deficit(5,185)(6,153)(13,169)(14,609)(14,726)(14,874)(14,163)
Total stockholders' equity:39,76534,89327,32324,92813,89113,72714,237
TOTAL LIABILITIES AND EQUITY:43,45539,21730,07527,55516,64615,80317,262

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues31,16231,89724,87022,40220,89120,71323,013
Revenue, net22,40220,89120,71323,013
Cost of revenue
(Cost of Goods and Services Sold)
(20,233)(19,381)(15,211)(14,661)(13,858)(13,863)(16,685)
Gross profit:10,92912,5169,6597,7417,0336,8506,328
Operating expenses      (3,119)
Other undisclosed operating loss(9,514)(9,077)(8,229)(7,465)(7,194)(7,638)(6,038)
Operating income (loss):1,4153,4391,430276(161)(788)(2,829)
Nonoperating income (expense)(111)470140(57)1448570
Foreign currency transaction gain, before tax      44
Other nonoperating income (expense)162484138(46)16611726
Interest and debt expense   (11)(22)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   1122 (70)
Income (loss) from continuing operations before equity method investments, income taxes:1,3043,9091,570219(17)(703)(2,829)
Loss from equity method investments(262)      
Income (loss) from continuing operations before income taxes:1,0423,9091,570219(17)(703)(2,829)
Income tax expense (benefit)(336)3,107(165)(102)165(8)4
Income (loss) before gain (loss) on sale of properties:7067,0161,405117148(711)(2,825)
Other undisclosed net income262      
Net income (loss) available to common stockholders, diluted:9687,0161,405117148(711)(2,825)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):9687,0161,405117148(711)(2,825)
Other comprehensive income (loss)   38(43)(4)(1)
Comprehensive income (loss), net of tax, attributable to parent:9687,0161,405155105(715)(2,826)

Statements sources

The financial statements are based on the company's filings with the 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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