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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,08419,28317,0535,5485,5535,1927,183
Cash and cash equivalents12,45315,50813,2502,7785,5535,1927,183
Short-term investments5,6313,7753,8032,770   
Receivables4,4453,3943,3933,5042,6063,2663,237
Inventory, net of allowances, customer advances and progress billings6,0164,4663,8753,6383,5464,1984,629
Inventory6,0164,4663,8753,6383,5464,1984,629
Prepaid expense and other current assets405
Other undisclosed current assets3652422292002472781,500
Total current assets:28,91027,38524,55012,89011,95212,93416,954
Noncurrent Assets
Operating lease, right-of-use asset331
Property, plant and equipment2,8312,0862,1792,7113,1653,5473,986
Intangible assets, net (including goodwill)4024775526284751,016
Goodwill404040404040 
Intangible assets, net (excluding goodwill)362437512588435976 
Other noncurrent assets102 101203211253 
Prepaid expense and other noncurrent assets323
Deferred tax assets, net127173214   
Other undisclosed noncurrent assets6,641    (488) 
Total noncurrent assets:10,3072,6903,0053,7563,8514,3284,309
TOTAL ASSETS:39,21730,07527,55516,64615,80317,26221,263
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,3242,7522,6272,7552,0762,7832,970
Accounts payable1,8651,4181,4771,5259871,7191,978
Accrued liabilities627191278288320383 
Employee-related liabilities1,8321,143872942769681992
Debt      1,181
Other undisclosed current liabilities     242357
Total current liabilities:4,3242,7522,6272,7552,0763,0254,508
Noncurrent Liabilities
Total liabilities:4,3242,7522,6272,7552,0763,0254,508
Stockholders' equity
Stockholders' equity attributable to parent34,89327,32324,92813,89113,72714,23716,755
Common stock50494727272727
Treasury stock, value(580)(580)(580)(580)(572)(572)(572)
Additional paid in capital41,57641,02340,03529,17329,10628,90128,593
Accumulated other comprehensive income (loss)  35(3)404445
Accumulated deficit(6,153)(13,169)(14,609)(14,726)(14,874)(14,163)(11,338)
Total stockholders' equity:34,89327,32324,92813,89113,72714,23716,755
TOTAL LIABILITIES AND EQUITY:39,21730,07527,55516,64615,80317,26221,263

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues31,89724,87022,40220,89120,71323,01326,201
Revenue, net22,40220,89120,71323,01326,201
Cost of revenue
(Cost of Goods and Services Sold)
(19,381)(15,211)(14,661)(13,858)(13,863)(16,685)(19,374)
Gross profit:12,5169,6597,7417,0336,8506,3286,827
Operating expenses     (3,119)(3,089)
Other undisclosed operating loss(9,077)(8,229)(7,465)(7,194)(7,638)(6,038)(7,902)
Operating income (loss):3,4391,430276(161)(788)(2,829)(4,164)
Nonoperating income (expense)470140(57)1448570(107)
Foreign currency transaction gain (loss), before tax     44(86)
Other nonoperating income (expense)484138(46)16611726(64)
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 income taxes:3,9091,570219(17)(703)(2,829)(4,271)
Income tax expense (benefit)3,107(165)(102)165(8)4(3,948)
Net income (loss) available to common stockholders, diluted:7,0161,405117148(711)(2,825)(8,219)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):7,0161,405117148(711)(2,825)(8,219)
Other comprehensive income (loss)  38(43)(4)(1)17
Comprehensive income (loss), net of tax, attributable to parent:7,0161,405155105(715)(2,826)(8,202)

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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