(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the quarterly period ended June 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) Delawar ...

Financial Performance - Total revenues for the three months ended March 31, 2023, were $441,000, reflecting a 5.8% increase from $417,000 for the same period in 2022[84]. - Consolidated gross margin increased to 56.5% for the three months ended March 31, 2023, up from 42.0% for the same period in 2022[85]. - The company reported an operating loss of $309,000 for the three months ended March 31, 2023, an improvement from an operating loss of $847,000 for the same period in 2022[87]. - Net income was $157,000 for the three months ended March 31, 2023, compared to $169,000 for the same period in 2022[93]. Income and Expenses - Interest income was $198,000 for the three months ended March 31, 2023, compared to interest expense of $4,000 for the same period in 2022[88]. - Investment income increased to $345,000 for the three months ended March 31, 2023, compared to $45,000 for the same period in 2022[89]. - Total other income was $531,000 for the three months ended March 31, 2023, significantly up from $42,000 for the same period in 2022[90]. Order Backlog and Working Capital - As of March 31, 2023, the order backlog was $399,000, an increase of 10.8% from $360,000 at December 31, 2022, and an increase of 138.9% compared to $167,000 as of March 31, 2022[83]. - Consolidated working capital was $38.799 million as of March 31, 2023, compared to $38.753 million as of December 31, 2022[96]. Cash Position - Cash and cash equivalents as of March 31, 2023, were $21.5 million, slightly down from $21.507 million as of December 31, 2022[94].

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, 2022 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) | Delaware | 38-179986 ...

For the quarterly period ended September 30, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 transition period from ____________ to ____________ Commission File No. 001-00106 THE LGL GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Juri ...

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 June 30, 2022 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) (State or Other Jurisdict ...

Financial Performance - Total revenues for the first quarter of 2022 were $8,108,000, representing a 24.1% increase from $6,536,000 for the same period in 2021, driven by strong defense product shipments and a recovering avionics market[83] - The consolidated gross margin improved to 37.6% for the first quarter of 2022, up from 32.7% for the same period in 2021, reflecting increased business volume[84] - The company reported operating income of $221,000 for the first quarter of 2022, compared to an operating loss of ($60,000) for the same period in 2021[85] - Net income for the first quarter of 2022 was $169,000, compared to $27,000 for the same period in 2021, with diluted net income per share increasing to $0.03 from $0.01[90] Order Backlog - As of March 31, 2022, the company's order backlog was $36,991,000, a 24.1% increase from $29,797,000 at December 31, 2021, and an 81.4% increase compared to $20,388,000 as of March 31, 2021[81] Cash and Investments - Cash used in investing activities for the first quarter of 2022 was $6,810,000, significantly higher than $55,000 for the same period in 2021, primarily due to the purchase of $7,000,000 in marketable securities[93] - As of March 31, 2022, the company's consolidated working capital was $51,611,000, slightly up from $51,410,000 as of December 31, 2021[94] - The company has no borrowings outstanding under its revolving line of credit with Synovus Bank as of March 31, 2022, which has a limit of $3.5 million[96] - The company believes that existing cash, marketable securities, and cash generated from operations will provide sufficient liquidity for the next 12 months[97] Spin-Off Plans - The company plans to proceed with the Spin-Off of MtronPTI, which is expected to create two separate publicly-traded companies, allowing each to pursue distinct business strategies[99] Impact of COVID-19 - The effectiveness and adoption of COVID vaccines and therapeutics continue to impact business operations and financial performance[108] - Global vaccination programs' failure to achieve intended results may lead to prolonged economic and supply chain disruptions, adversely affecting operations[108] - Governmental and business actions in response to the pandemic include shutdown orders and travel restrictions, influencing supplier impacts[108] - The ongoing pandemic situation remains a significant risk factor for the company's future performance and operational results[108] - Market risk disclosures are not applicable for the current reporting period[109]

The LGL Group, Inc. (NYSE:LGL) Q4 2021 Earnings Conference Call March 29, 2022 10:00 AM ET Company Participants Michael Ferrantino - Chief Executive Officer James Tivy - Chief Financial Officer Conference Call Participants Anja Soderstrom - Sidoti Vishal Mishra - Mishra Capital Eddie Reilly - EF Hutton Operator Please stand by, we’re about to begin. Good day and welcome to the LGL Group Incorporated Annual Earnings Conference Call. Today’s conference is being recorded. At this time, I would like to turn the ...

Business Segments and Operations - The LGL Group operates through two segments: Electronic Components and Electronic Instruments, focusing on high-reliability frequency and spectrum control products[24]. - MtronPTI's product offerings include quartz crystal resonators and various types of oscillators, designed for applications requiring high reliability in harsh environments[30]. - PTF's Frequency and Time Reference Standards include GPS/GNS disciplined quartz frequency standards, which are critical for satellite communications[36]. - The company remains dependent on a single line of business, with virtually all revenues derived from electronic components[69]. Financial Performance - Total revenues for 2021 were $28,140,000, a decrease of $3,022,000, or 9.7%, from $31,162,000 in 2020[151]. - Net income for the year ended December 31, 2021, was approximately $14,638,000, a significant increase from $968,000 in 2020[72]. - The Company reported an operating loss of ($786,000) for 2021, compared to operating income of $1,415,000 for 2020[155]. - Basic net income per share for 2021 was $2.77, compared to $0.19 for 2020[164]. - The Company recognized a gain on equity investment in unconsolidated subsidiary of $59,453,000 for 2021, compared to a loss of ($262,000) in 2020[156]. - Realized loss on marketable securities was ($16,962,000) for 2021, compared to $74,000 of realized income for 2020[157]. - Unrealized loss on marketable securities was ($22,949,000) for 2021, with significant losses attributed to IRNT common stock[159]. - Cash provided by operating activities decreased to $1.4 million in 2021 from $3.2 million in 2020, primarily due to lower operating earnings[173]. Customer Concentration and Revenue Sources - In 2021, the largest customer accounted for $7.87 million, or 28.0%, of total revenues, while the second largest contributed $3.14 million, or 11.2%[42]. - As of December 31, 2021, four of the largest customers accounted for approximately 53.2% of accounts receivable, highlighting customer concentration risk[43]. - Domestic revenues in 2021 were $22,096,000, representing 78.5% of total consolidated revenues, a decrease from $23,752,000 or 76.2% in 2020[49]. - International revenues in 2021 were $6,044,000, accounting for 21.5% of total consolidated revenues, down from $7,410,000 or 23.8% in 2020[50]. - The majority of the company's revenues in 2021 and 2020 were derived from sales to manufacturers in the defense, aerospace, instrumentation, and industrial markets, with expectations for continued revenue from these sectors in 2022[78]. Spin-Off and Corporate Strategy - The Spin-Off of MtronPTI is intended to allow shareholders to evaluate the performance of each entity independently, pending stockholder approval[19]. - The Company plans to complete a Spin-Off of MtronPTI, subject to stockholder approval, creating two separate publicly-traded companies[180]. - The Spin-Off is expected to allow each entity to pursue distinct business strategies and capital allocation policies, potentially enhancing shareholder value[181]. - MtronPTI may face challenges in meeting capital needs post-Spin-Off due to the loss of financial support from the parent company[124]. Risks and Challenges - The COVID-19 pandemic has led to increased raw material prices and disruptions in global supply chains, affecting operations[67]. - The company faces risks related to supply chain inefficiencies and limited visibility in forecasting revenue projections due to the cyclical nature of its markets[78]. - The company is subject to significant procurement regulations as a supplier to U.S. Government defense contractors, which could increase compliance costs and affect operating margins[89]. - The company competes in highly competitive markets, with larger competitors having greater financial resources and capabilities, which could impact its operating results[86]. - The company may experience operational inefficiencies if it fails to integrate acquired businesses successfully, which could adversely affect financial condition and results[83]. Governance and Internal Controls - The management concluded that internal controls over financial reporting were effective as of December 31, 2021[197]. - The company is focused on maintaining adequate internal controls as part of its governance strategy[197]. - The board includes members with experience in mergers and acquisitions, enhancing the company's strategic capabilities[205]. - The Audit Committee consists of three members, all of whom are financially literate and independent under NYSE listing standards[212]. Shareholder Information - As of March 10, 2022, officers, directors, and 10% or greater stockholders control approximately 38.7% of the voting power of the outstanding shares[110]. - The common stock price fluctuated between $14.50 and $9.90 during the year 2021, indicating significant volatility in the market[108]. - The distribution of MtronPTI common stock may not qualify for tax-free treatment, potentially resulting in tax liabilities for stockholders[122].

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, 2021 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) (State or Other Juri ...

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 June 30, 2021 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) (State or Other Jurisdict ...