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 MRQ | 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 investments | 38,092 | 45,183 | 24,122 | 18,084 | 19,283 | 17,053 | |||
| Cash and cash equivalents | 21,507 | 29,016 | 18,331 | 12,453 | 15,508 | 13,250 | |||
| Short-term investments | 16,585 | 16,167 | 5,791 | 5,631 | 3,775 | 3,803 | |||
| Receivables | 543 | 4,667 | 4,122 | 4,445 | 3,394 | 3,393 | |||
| Inventory, net of allowances, customer advances and progress billings | 265 | 5,492 | 5,280 | 6,016 | 4,466 | 3,875 | |||
| Inventory | 265 | 5,492 | 5,280 | 6,016 | 4,466 | 3,875 | |||
| Other undisclosed current assets | 440 | 494 | 257 | 365 | 242 | 229 | |||
| Total current assets: | 39,340 | 55,836 | 33,781 | 28,910 | 27,385 | 24,550 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 132 | 396 | 422 | 331 | ✕ | ✕ | |||
| Property, plant and equipment | 1 | 3,383 | 2,785 | 2,831 | 2,086 | 2,179 | |||
| Intangible assets, net (including goodwill) | 78 | 252 | 327 | 402 | 477 | 552 | |||
| Goodwill | 40 | 40 | 40 | 40 | 40 | ||||
| Intangible assets, net (excluding goodwill) | 78 | 212 | 287 | 362 | 437 | 512 | |||
| Other undisclosed intangible assets, net (including goodwill) | |||||||||
| Deferred income tax assets | 234 | 34 | 3,052 | ✕ | ✕ | ||||
| Other noncurrent assets | 5 | 16 | 102 | 101 | |||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 127 | 173 | ||
| Other undisclosed noncurrent assets | 3,072 | 6,641 | |||||||
| Total noncurrent assets: | 445 | 4,070 | 9,674 | 10,307 | 2,690 | 3,005 | |||
| TOTAL ASSETS: | 39,785 | 59,906 | 43,455 | 39,217 | 30,075 | 27,555 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 587 | 3,603 | 3,397 | 4,324 | 2,752 | 2,627 | |||
| Taxes payable | ✕ | ✕ | 599 | ||||||
| Employee-related liabilities | ✕ | ✕ | 1,549 | 1,324 | 1,832 | 1,143 | 872 | ||
| Accounts payable | 310 | 1,455 | 1,265 | 1,865 | 1,418 | 1,477 | |||
| Accrued liabilities | 277 | 808 | 627 | 191 | 278 | ||||
| Other liabilities | 823 | ||||||||
| Total current liabilities: | 587 | 4,426 | 3,397 | 4,324 | 2,752 | 2,627 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 293 | ||||||||
| Other undisclosed long-term debt and lease obligation | 293 | ||||||||
| Liabilities, other than long-term debt | 708 | 737 | |||||||
| Deferred income tax liabilities | 124 | ✕ | ✕ | ||||||
| Other liabilities | 708 | 613 | |||||||
| Total noncurrent liabilities: | 708 | 737 | 293 | ||||||
| Total liabilities: | 1,295 | 5,163 | 3,690 | 4,324 | 2,752 | 2,627 | |||
| Equity | |||||||||
| Equity, attributable to parent | 38,490 | 54,743 | 39,765 | 34,893 | 27,323 | 24,928 | |||
| Common stock | 53 | 53 | 53 | 50 | 49 | 47 | |||
| Treasury stock, value | (580) | (580) | (580) | (580) | (580) | (580) | |||
| Additional paid in capital | 46,346 | 45,817 | 45,477 | 41,576 | 41,023 | 40,035 | |||
| 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: | 38,490 | 54,743 | 39,765 | 34,893 | 27,323 | 24,928 | |||
| TOTAL LIABILITIES AND EQUITY: | 39,785 | 59,906 | 43,455 | 39,217 | 30,075 | 27,555 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,655 | 28,140 | 31,162 | 31,897 | 24,870 | 22,402 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 22,402 | |
| Cost of revenue (Cost of Goods and Services Sold) | (837) | (18,069) | (20,233) | (19,381) | (15,211) | (14,661) | ||
| Gross profit: | 818 | 10,071 | 10,929 | 12,516 | 9,659 | 7,741 | ||
| Other undisclosed operating income (loss) | (2,865) | (10,857) | (9,514) | (9,077) | (8,229) | (7,465) | ||
| Operating income (loss): | (2,047) | (786) | 1,415 | 3,439 | 1,430 | 276 | ||
| Nonoperating income (expense) | (4,359) | 19,542 | (111) | 470 | 140 | (57) | ||
| Investment income, nonoperating | ||||||||
| Other nonoperating income (expense) | (25) | 11 | 162 | 484 | 138 | (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) | 18,756 | 1,304 | 3,909 | 1,570 | 219 | ||
| 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) | 78,209 | 1,042 | 3,909 | 1,570 | 219 | ||
| Income tax expense (benefit) | 1,529 | (4,118) | (336) | 3,107 | (165) | (102) | ||
| Income (loss) from continuing operations: | (4,877) | 74,091 | 706 | 7,016 | 1,405 | 117 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 74,091 | 706 | 7,016 | 1,405 | 117 | |
| Income from discontinued operations | 1,885 | |||||||
| Other undisclosed net income (loss) | (59,453) | 262 | ||||||
| Net income (loss): | (2,992) | 14,638 | 968 | 7,016 | 1,405 | 117 | ||
| Net loss attributable to noncontrolling interest | ||||||||
| Net income (loss) available to common stockholders, diluted: | (2,992) | 14,638 | 968 | 7,016 | 1,405 | 117 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,992) | 14,638 | 968 | 7,016 | 1,405 | 117 | ||
| Other comprehensive income | 38 | |||||||
| Comprehensive income (loss): | (2,992) | 14,638 | 968 | 7,016 | 1,405 | 155 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,992) | 14,638 | 968 | 7,016 | 1,405 | 155 | ||
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.