Revenue Growth - Total revenues increased by 347,000to1,068,000 for Q2 2024 compared to 721,000inQ22023,representinga48.2251,000 to 1,956,000from1,705,000 in the same period of 2023[2] - Total revenues for Q2 2024 reached 1,068,000,a48.1721,000 in Q2 2023[16] - For the first half of 2024, total revenues were 1,956,000,a14.71,705,000 in the first half of 2023[18] Net Income and Profitability - Net income available to LGL Group common stockholders was 137,000,or0.02 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,comparedtoalossof130,000 in Q2 2023, representing a 267,000improvement[16]−Netincomeforthefirsthalfof2024was204,000, a significant increase of 655.6% from 27,000inthefirsthalfof2023[20]GrossMargin−Grossmarginimprovedto59.7737,000, an increase of 594,000from143,000 as of December 31, 2023[6] Cash Position - Cash and cash equivalents and marketable securities totaled 41,092,000asofJune30,2024,reflectingastrongliquidityposition[2]SegmentPerformance−ElectronicInstrumentssegmentrevenueincreasedby31.8531,000 from 403,000year−over−year[16]−MerchantInvestmentsegmentgenerated315,000 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,up9.4844,000 in the same period last year[18] Expenses - Total expenses decreased by 2.6% to 831,000from853,000 year-over-year[16] - Total expenses for the first half of 2024 increased by 3.3% to 1,640,000from1,587,000[19] Corporate Segment - The Corporate segment reported a loss of 74,000inQ22024,animprovementof51.9154,000 in Q2 2023[16] Investment Opportunities - The company is actively pursuing investment opportunities to enhance shareholder value within its Merchant Investment segment[2]
