Revenue Growth - Total revenues increased by $201,000 to $1,179,000 for Q3 2024 compared to $978,000 for Q3 2023, representing a growth of approximately 20.5%[2] - For the nine months ended September 30, 2024, total revenues increased by $452,000 to $3,135,000 from $2,683,000 in the same period of 2023, a growth of approximately 16.8%[3] - Total revenues for the quarter ended September 30, 2024, increased by 20.6% to $1,179,000 compared to $978,000 in the same quarter of 2023[23] - Electronic Instruments segment revenue rose by 48.4% to $650,000 from $438,000 year-over-year[23] - Merchant Investment segment revenue increased by 10.8% to $318,000 compared to $287,000 in the prior year[23] Net Income - Net income attributable to LGL Group common stockholders decreased to $72,000, or $0.01 per diluted share, down from $108,000, or $0.02 per diluted share in Q3 2023, reflecting a decline of 33.3%[4] - Net income for the nine months ended September 30, 2024, increased to $230,000, or $0.04 per diluted share, compared to $135,000, or $0.03 per diluted share in 2023, marking a growth of 70.4%[7] - Net income attributable to LGL Group common stockholders decreased by 33.3% to $72,000 from $108,000 year-over-year[22] - Net income from continuing operations increased by 58.9% to $294,000 compared to $185,000 in the previous year[26] Expenses - Total expenses for the quarter were $1,041,000, up 33.6% from $779,000 in the same quarter of 2023[23] - Manufacturing cost of sales increased to $368,000 in Q3 2024 from $195,000 in Q3 2023, driven by higher-cost product sales[4] - Engineering, selling, and administrative expenses rose to $673,000 in Q3 2024 from $584,000 in Q3 2023, attributed to changes in headcount and increased wages[4] Financial Position - Cash and cash equivalents and marketable securities totaled $41,618,000 as of September 30, 2024, reflecting a stable liquidity position[3] - Total current assets as of September 30, 2024, were $42,274,000, an increase from $41,566,000 at December 31, 2023[21] - Total liabilities increased to $1,482,000 from $1,168,000 at the end of the previous year[21] - Stockholders' equity rose to $41,003,000 from $40,682,000 at December 31, 2023[21] Order Backlog and Demand - As of September 30, 2024, the order backlog was $505,000, an increase of $362,000 from $143,000 as of December 31, 2023, indicating strong demand[10] Strategic Initiatives - The company is actively pursuing investment opportunities and has welcomed a new team member to drive strategy forward[3] Segment Performance - Income from continuing operations before income taxes for the Electronic Instruments segment was $44,000, down 37.1% from $70,000[22]

Core Viewpoint - LGL Group, Inc. will participate in the Sidoti September Virtual Investor Conference, presenting its management team and hosting one-on-one meetings with investors on September 18-19, 2024 [1][2]. Group 1: Company Overview - LGL Group, Inc. is a holding company involved in services, merchant investment, and manufacturing activities, with a focus on industrial electronic instruments and commercial products through its subsidiary, Precise Time and Frequency, LLC [4]. - The company has a long history dating back to 1917, originally established as Lynch Glass Machinery Company, and has evolved through various business operations in precision engineering and manufacturing [5][6]. Group 2: Business Strategy - LGL Group's business strategy emphasizes growth by expanding both new and existing operations across diversified industries [5]. - The company has been listed on the NYSE American since 1946, indicating a long-standing presence in the public markets [5][6]. Group 3: Event Details - The presentation at the Sidoti conference will commence at 9:15 am Eastern Time on September 18, 2024, and will be accessible via a live webinar [2]. - Registration for the event is free and open to all interested parties, not limited to Sidoti clients [2].

Core Viewpoint - The LGL Group, Inc. reported significant improvements in financial performance for the second quarter and the first half of 2024, with increases in revenues, net income, and gross margins compared to the same periods in 2023 [2][3][4]. Financial Performance - Total revenues for Q2 2024 increased by $347,000 to $1,068,000, up 48.1% from $721,000 in Q2 2023 [2][18]. - For the first half of 2024, total revenues rose by $251,000 to $1,956,000, a 14.7% increase from $1,705,000 in the same period of 2023 [3][19]. - Net income available to common stockholders for Q2 2024 was $137,000, or $0.02 per diluted share, compared to a net loss of $130,000, or ($0.02) per diluted share, in Q2 2023 [4][13]. - For the first half of 2024, net income available to common stockholders was $158,000, or $0.03 per diluted share, compared to $27,000, or $0.01 per diluted share, in the first half of 2023 [5][19]. Gross Margin - Gross margin for Q2 2024 increased to 59.7% from 48.4% in Q2 2023, attributed to higher sales of higher-margin products [5][6]. - For the first half of 2024, gross margin was 54.7%, up from 52.6% in the same period of 2023, reflecting increased sales of higher-margin products [6]. Backlog and Liquidity - As of June 30, 2024, the order backlog was $737,000, an increase of $594,000 from $143,000 as of December 31, 2023, and an increase of $413,000 from $324,000 as of June 30, 2023 [7]. - Cash and cash equivalents, along with marketable securities, totaled $41,092,000 as of June 30, 2024 [3][8]. Segment Performance - Revenues from the Electronic Instruments segment for Q2 2024 were $531,000, a 31.8% increase from $403,000 in Q2 2023 [18]. - The Merchant Investment segment reported revenues of $315,000 for Q2 2024, a significant increase as it had no revenues in Q2 2023 [18]. - Corporate revenues decreased by 30.2% to $222,000 in Q2 2024 from $318,000 in Q2 2023 [18].

Revenue Growth - Total revenues increased by $347,000 to $1,068,000 for Q2 2024 compared to $721,000 in Q2 2023, representing a 48.2% increase[2] - For the six months ended June 30, 2024, total revenues increased by $251,000 to $1,956,000 from $1,705,000 in the same period of 2023[2] - Total revenues for Q2 2024 reached $1,068,000, a 48.1% increase from $721,000 in Q2 2023[16] - For the first half of 2024, total revenues were $1,956,000, a 14.7% increase from $1,705,000 in the first half of 2023[18] Net Income and Profitability - Net income available to LGL Group common stockholders was $137,000, or $0.02 per diluted share, compared to a net loss of $130,000, or ($0.02) per diluted share in Q2 2023[3] - Net income attributable to LGL Group common stockholders was $137,000, compared to a loss of $130,000 in Q2 2023, representing a $267,000 improvement[16] - Net income for the first half of 2024 was $204,000, a significant increase of 655.6% from $27,000 in the first half of 2023[20] Gross Margin - Gross margin improved to 59.7% for Q2 2024, up from 48.4% in Q2 2023, driven by higher sales of higher margin products[4] - The gross margin for the six months ended June 30, 2024, was 54.7%, up from 52.6% in the same period of 2023[5] Order Backlog - As of June 30, 2024, the order backlog was $737,000, an increase of $594,000 from $143,000 as of December 31, 2023[6] Cash Position - Cash and cash equivalents and marketable securities totaled $41,092,000 as of June 30, 2024, reflecting a strong liquidity position[2] Segment Performance - Electronic Instruments segment revenue increased by 31.8% to $531,000 from $403,000 year-over-year[16] - Merchant Investment segment generated $315,000 in revenue, a new contribution as it had no revenue in the same quarter last year[16] - Electronic Instruments revenue for the first half of 2024 was $923,000, up 9.4% from $844,000 in the same period last year[18] Expenses - Total expenses decreased by 2.6% to $831,000 from $853,000 year-over-year[16] - Total expenses for the first half of 2024 increased by 3.3% to $1,640,000 from $1,587,000[19] Corporate Segment - The Corporate segment reported a loss of $74,000 in Q2 2024, an improvement of 51.9% from a loss of $154,000 in Q2 2023[16] Investment Opportunities - The company is actively pursuing investment opportunities to enhance shareholder value within its Merchant Investment segment[2]

Revenue and Sales Performance - Total revenues increased by $347, or 48.1%, from $721,000 for the three months ended June 30, 2023, to $1,068,000 for the same period in 2024[100]. - Net sales rose by $128, or 31.8%, from $403,000 in Q2 2023 to $531,000 in Q2 2024, primarily due to higher product shipments[100]. - Total revenues for the six months ended June 30, 2024, increased by $251, or 14.7%, from $1,705,000 in 2023 to $1,956,000 in 2024[107]. Investment Income - Net investment income surged by $263, or 95.6%, from $275,000 in Q2 2023 to $538,000 in Q2 2024, driven by investments in higher yielding U.S. Treasury money market funds[100]. - Net investment income for the six months ended June 30, 2024, rose by $564, or 119.2%, from $473,000 in 2023 to $1,037,000 in 2024[107]. - Net investment income for the three months ended June 30, 2024, was $315 million, reflecting the commencement of operations of Lynch Capital International, LLC in June 2023[118]. - For the six months ended June 30, 2024, net investment income was $604 million, also due to the commencement of operations of Lynch Capital International, LLC[119]. Expenses and Income - Total expenses decreased by $22, or 2.6%, from $853,000 for the three months ended June 30, 2023, to $831,000 for the same period in 2024[101]. - Total expenses for the six months ended June 30, 2024, increased by $53, or 3.3%, from $1,587,000 in 2023 to $1,640,000 in 2024[108]. - Income tax expense for the six months ended June 30, 2024, increased by $49, or 77.8%, from $63,000 in 2023 to $112,000 in 2024, primarily due to the increase in income from continuing operations[110]. - Net income attributable to LGL Group common stockholders increased by $267,000, from a loss of $130,000 in Q2 2023 to a profit of $137,000 in Q2 2024[99]. Order Backlog and Operations - As of June 30, 2024, the order backlog was $737 million, an increase of $594 million or 415.4% from $143 million as of December 31, 2023, and an increase of $413 million or 127.5% from $324 million as of June 30, 2023[112]. - Income from continuing operations before income taxes increased by $52 or 236.4% from $22 for the three months ended June 30, 2023, to $74 for the three months ended June 30, 2024, driven by a $128 million or 31.8% increase in net sales[115]. - For the six months ended June 30, 2024, income from continuing operations before income taxes decreased by $18 or 19.1% from $94 to $76, primarily due to a $79 million or 22.6% increase in engineering, selling, and administrative expenses[116]. Cash and Liquidity - Cash and cash equivalents as of June 30, 2024, were $41,074 thousand, compared to $40,711 thousand as of December 31, 2023[125]. - Cash provided by operating activities was $363 thousand for the six months ended June 30, 2024, compared to cash used in operating activities of $9 thousand for the same period in 2023, an increase of $372 thousand[127]. - Current assets increased to $42,003,000 as of June 30, 2024, compared to $41,566,000 on December 31, 2023[128]. - Working capital rose to $41,382,000 from $41,092,000 during the same period[128]. - Current ratio decreased to 67.6 from 87.7, indicating a tighter liquidity position[128]. - The company believes existing cash and cash equivalents will provide sufficient liquidity for the next 12 months[130]. Corporate Segment and Dividends - Total revenues for the corporate segment decreased by $432 thousand or 50.2% for the six months ended June 30, 2024, compared to the same period in 2023[123]. - Loss from continuing operations before income taxes for the six months ended June 30, 2024, was $(237) thousand, a decrease of $261 thousand or 1087.5% from $24 thousand for the same period in 2023[123]. - The company has not paid cash dividends since January 30, 1989, and none are expected in the foreseeable future[130]. Management and Strategy - Management continues to focus on efficiently managing working capital to generate the greatest returns[128]. - The company adheres to a long-term growth strategy, prioritizing investments for organic growth and potential acquisitions[130]. - There have been no material changes in contractual obligations as of June 30, 2024, compared to December 31, 2023[131]. - No quantitative and qualitative disclosures about market risk were applicable[133].

Core Viewpoint - The LGL Group, Inc. reported a decline in total revenues and net income for the first quarter of 2024 compared to the same period in 2023, while highlighting improvements in order backlog and investment strategies [3][4]. Financial Performance - Total revenues decreased by $96,000 to $888,000 for Q1 2024 from $984,000 in Q1 2023, representing a decline of 9.8% [3][19]. - Net income attributable to LGL Group common stockholders was $21,000, or $0.00 per diluted share, down from $157,000, or $0.03 per diluted share, in Q1 2023, marking an 86.6% decrease [4][19]. - Income from continuing operations before income taxes decreased by $171,000 to $79,000 for Q1 2024 from $250,000 in Q1 2023, a decline of 68.4% [19]. Revenue Breakdown - Revenue from the Electronic Instruments segment decreased by $49,000 to $392,000, a decline of 11.1% compared to Q1 2023 [19]. - The Merchant Investment segment generated $289,000 in revenue, a new addition as it did not report revenue in the previous year [19]. - Corporate revenues fell by $336,000 to $207,000, a decrease of 61.9% compared to Q1 2023 [19]. Expenses and Margins - Total expenses increased by $75,000 to $809,000 in Q1 2024, a rise of 10.2% from $734,000 in Q1 2023 [19]. - Gross margin declined to 48.0% in Q1 2024 from 56.5% in Q1 2023, attributed to a lower margin product mix and higher labor costs [6]. Backlog and Liquidity - As of March 31, 2024, the order backlog increased by $198,000 to $341,000 from $143,000 as of December 31, 2023, indicating a positive trend in future sales [6]. - Current assets were reported at $41,687,000 as of March 31, 2024, compared to $41,566,000 as of December 31, 2023 [2][17]. Investment Strategy - The company is focusing on improving its order backlog and is actively seeking value-added investment opportunities, particularly in U.S. Treasury money market funds [3][5].

Financial Performance - First quarter 2024 net income attributable to LGL Group common stockholders was $21,000, or $0.00 per diluted share, a decrease from $157,000, or $0.03 per diluted share in Q1 2023[3] - Total revenues decreased by $96,000 to $888,000 for the three months ended March 31, 2024, compared to $984,000 for the same period in 2023, representing a decline of 9.8%[6] - Income from continuing operations before income taxes decreased by $171,000 to $79,000 for Q1 2024, down from $250,000 in Q1 2023, a decline of 68.4%[19] - Net income from continuing operations decreased by 76.8% to $43,000 in Q1 2024, down from $185,000 in Q1 2023[19] Margins and Expenses - Gross margin declined to 48.0% for Q1 2024, down from 56.5% in Q1 2023, due to a lower margin product mix and higher labor costs[4] - Engineering, selling, and administrative expenses increased to $605,000 in Q1 2024, up from $542,000 in Q1 2023, reflecting a rise of 11.6%[19] Order Backlog and Assets - As of March 31, 2024, the order backlog increased to $341,000, up from $143,000 as of December 31, 2023, indicating a growth of 138.5%[5] - Cash and cash equivalents and marketable securities totaled $40.9 million as of March 31, 2024, compared to $40.7 million at the end of 2023[6] - The company had total current assets of $41.7 million as of March 31, 2024, compared to $41.6 million at the end of 2023[17] Segment Performance - The Electronic Instruments segment reported revenues of $392,000, a decrease of 11.1% from $441,000 in Q1 2023[19]

For the transition period from ____________ to ____________ Commission File No. 001-00106 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant: (1) has filed all reports required ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to ______________________ Commission file number: 001-00106 The LGL Group, Inc. (Exact name of Registrant as Specified in Its Charter) Dela ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File No. 001-00106 THE LGL GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) De ...