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The LGL Group, Inc. to Present at Sidoti's Micro-Cap Virtual Investor Conference on January 22, 2026
TMX Newsfile· 2026-01-20 14:21
Core Viewpoint - LGL Group is actively engaging with investors to discuss its strategic focus on national security and defense technologies, particularly in precision time and frequency capabilities, during the Sidoti Micro-Cap Virtual Investor Conference [1][2][3]. Company Overview - LGL Group, Inc. is a holding company involved in services, merchant investment, and manufacturing, with a focus on precision time and frequency technologies through its subsidiary, Precise Time and Frequency, LLC [6][7]. - The company was incorporated in 1928 and has a long history in precision engineering and manufacturing, evolving from its origins in glass-forming machinery [7]. Strategic Focus - The company aims to expand its role in critical technologies that support national security and resilient infrastructure, leveraging its strengths in radio frequency designs [2][3]. - LGL Group's disciplined merchant investment approach is expected to yield positive results for shareholders [3]. Event Details - The presentation at the Sidoti Micro-Cap Virtual Investor Conference is scheduled for January 22, 2026, at 11:30 a.m. ET, with opportunities for one-on-one meetings with investors on January 21-22, 2026 [4].
The LGL Group, Inc. Announces Annual Meeting of Shareholders and an Update to Various Corporate Matters
Newsfile· 2025-04-22 20:23
Core Points - The LGL Group, Inc. will hold its 2025 Annual Meeting of Stockholders on June 2, 2025, at the Bruce Museum, with a record date of April 25, 2025, for stockholders entitled to vote [1][7][22] - Management will discuss the 2024 results and operational outlook, including opportunities from the investment in Morgan Group [2][7] - The company has appointed Vice Admiral Colin Kilrain to its Board of Directors, bringing extensive military and leadership experience [4][7] Financial Performance - Total revenues for the fiscal year 2024 increased by $614,000 to $4,292,000 compared to $3,678,000 in 2023 [5] - Gross margin decreased to 53.0% in 2024 from 53.9% in 2023 due to increased costs and lower-margin product sales [8] - Net income rose to $432,000, or $0.08 per diluted share, in 2024, up from $269,000, or $0.05 per diluted share, in 2023 [8][14] Investment Activities - LGL Group finalized an agreement to purchase 1,000,000 shares of Morgan Group Holding Co. at $2.00 per share, expected to close in Q2 2025 [11][12] - The acquisition will allow LGL to enhance its operational capabilities and provide investment opportunities across various industries [13][15] Business Developments - The P3 Division has developed AI-driven prototypes for Tactical Edge Computing, targeting industries such as defense and agriculture [19][20] - P3 was invited to participate in DARPA's Venture Horizons program, indicating a focus on technology development [20] Liquidity and Capital Structure - As of December 31, 2024, LGL Group's working capital was $41,738,000, with current assets of $42,642,000 and current liabilities of $904,000 [10] - The company holds investments valued at $41.2 million, with $24.6 million in the Merchant Investment business [10] Corporate Governance - The management team includes Nathan Miller as COO and Tiffany Hayden as VP, with Marc Gabelli as CEO [3][7] - Stockholder proposals for the 2025 Annual Meeting must be submitted by April 26, 2025 [21][24]