LGL Group - LGL STOCK NEWS

LGL Group (NYSE American: LGL) reported its Q4 and full-year 2024 financial results. Q4 2024 saw revenues increase to $1.16M from $995K, with net income per diluted share rising to $0.04 from $0.02. Gross margin improved to 60.0% from 54.9% year-over-year.

For full-year 2024, revenues grew to $4.29M from $3.68M, with net income per diluted share increasing to $0.08 from $0.05. The company maintained strong liquidity with $41.6M in cash and marketable securities. Order backlog stood at $336K, up from $143K year-over-year.

Notable developments include P3 Logistic Solutions being selected for the DARPA Venture Horizons program, and warrants becoming exercisable at $4.75 per share through November 16, 2025. The acquisition of Morgan Group Holding Co. is expected to close in Q2 2025.

The LGL Group (NYSE American: LGL) has announced that its warrants, initially granted on November 16, 2020, are now exercisable through November 16, 2025. The early exercise was triggered after the company's 30-day average VWAP exceeded the $6.65 Trigger Price on March 4, 2025.

Key terms of the warrants include:

• Five warrants required to purchase one common stock share
• Strike price set at $4.75 per share
• No fractional shares will be issued
• Exercise notices and payments must be received by Computershare Trust Company by 5:00 p.m. on November 16, 2025

The LGL Group (NYSE American: LGL) has announced a private placement agreement to acquire 1,000,000 newly issued shares of Morgan Group Holding Company (OTC Pink: MGHL) for $2.27 million in cash, representing a majority stake. MGHL's subsidiary, G.research, is a FINRA-member broker-dealer managing over $5.0 billion in private client assets across 1,000+ accounts and organizes industry-focused investment conferences.

The acquisition aims to enhance LGL Group's capability to process, review, invest, and potentially operate businesses across various industries, particularly supporting small companies seeking advice, capital, and transaction capabilities. The transaction, approved by both companies' boards and MGHL shareholders, is expected to close in Q1 2025, subject to regulatory approvals and market check.

LGL Group reported Q3 2024 financial results with total revenues increasing to $1,179,000, up from $978,000 in Q3 2023. Despite revenue growth, net income per diluted share decreased to $0.01 from $0.02 year-over-year. For the nine months ended September 30, 2024, revenues rose to $3,135,000 from $2,683,000, with net income per diluted share increasing to $0.04 from $0.03. The company's gross margin declined to 43.4% in Q3 2024 from 55.5% in Q3 2023. As of September 30, 2024, the company held $41.6 million in cash and marketable securities, with a backlog of $505,000.

The LGL Group, Inc. (NYSE American: LGL) has announced its participation in the upcoming Sidoti September Virtual Investor Conference on September 18-19, 2024. Tim Foufas, Co-Chief Executive Officer of LGL Group, will lead the company's presentation and host one-on-one meetings with investors.

The presentation is scheduled for September 18, 2024, at 9:15 am Eastern Time and can be accessed live via a provided Zoom link. Interested parties can register for free at www.sidoti.com/events, with no Sidoti client status required. This event offers a platform for LGL Group to showcase its business to potential investors and engage in direct discussions during the virtual one-on-one sessions.

The LGL Group, Inc. (NYSE American: LGL) reported improved financial results for Q2 2024. Total revenues increased by $347,000 to $1,068,000, up from $721,000 in Q2 2023. Income from continuing operations before taxes rose to $213,000, compared to a loss of $132,000 in the same period last year. Net income per diluted share improved to $0.02, up from a loss of $0.02 in Q2 2023.

For the first half of 2024, total revenues reached $1,956,000, with net income per diluted share at $0.03. The company's gross margin improved to 59.7% in Q2 2024, up from 48.4% in Q2 2023. As of June 30, 2024, LGL Group had $41,092,000 in cash, cash equivalents, and marketable securities. The order backlog increased to $737,000, showing significant growth from both year-end 2023 and June 30, 2023 levels.

The LGL Group (NYSE American: LGL) released its financial results for Q1 2024, ending March 31, 2024. During this period, total revenues fell by $96,000 to $888,000 compared to Q1 2023. Income from continuing operations before taxes decreased by $193,000 to $57,000. Net income per diluted share dropped by $0.03 to $0.00. Cash and marketable securities stood at $40.89 million.

Tim Foufas, Co-CEO, noted a revenue decline in the Electronics Instruments segment but pointed out an improved order backlog. The order backlog rose to $341,000, an increase of $198,000 from December 31, 2023.

Gross margin fell to 48.0% from 56.5% in Q1 2023, attributed to a lower margin product mix and higher labor costs. Working capital was $41.17 million, and investments in U.S. Treasury money market funds provided higher net investment income.

LGL Group, Inc. (NYSE American: LGL) reported positive financial results for the fourth quarter and fiscal year ended December 31, 2023. Total revenues and income from continuing operations showed significant increases compared to the previous year. Net income per diluted share also improved. The company highlighted the successful separation from M-tron Industries, Inc. and plans to reinvest capital in various industries. Liquidity metrics remained strong, with investments totaling $40.7 million. The consolidated results indicated higher net income due to increased investment income and gains, offset by lower sales and increased expenses.

The LGL Group, Inc. (NYSE: LGL) will be participating in The Microcap Conference on January 30, 31, and February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ. Tim Foufas, Co-CEO, will be presenting on January 31 & February 1, 2024. The management team will also be conducting one-on-one meetings throughout the conference.