Orlando, Florida--(Newsfile Corp. - September 18, 2025) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today that its Board of Directors authorized the commencement of the repurchase of $500,000 to $700,000 of shares of LGL Group common stock under its existing share repurchase plan at such times, amounts and prices management deems appropriate. The repurchase will be made subject to availability and relative to book value and is not expected to exceed 100,000 s ...

Core Viewpoint - The LGL Group, Inc. reported a slight increase in total revenues for Q1 2025, but experienced a net loss attributable to common stockholders, primarily due to increased costs and lower investment income [2][17]. Financial Results - Total revenues rose by $30,000 to $918,000 for Q1 2025 compared to $888,000 in Q1 2024, driven by higher shipments in the Electronic Instruments segment [2]. - Net loss attributable to common stockholders was ($6,000) for Q1 2025, a decrease from net income of $21,000 in Q1 2024 [2][17]. - Gross margin improved to 52.4% in Q1 2025 from 48.0% in Q1 2024, reflecting a better product mix [3]. Backlog and Liquidity - As of March 31, 2025, the order backlog was $295,000, down $41,000 from $336,000 as of December 31, 2024, with most shipments expected within the next 90 days [4]. - Current assets were $42,820,000 and current liabilities were $1,013,000 as of March 31, 2025, resulting in working capital of $41,807,000 [5]. Segment Performance - Revenues from the Electronic Instruments segment increased by 27% to $498,000 in Q1 2025, while Merchant Investment revenues decreased by 14.5% to $247,000 [18]. - Total expenses rose to $877,000 in Q1 2025, up from $809,000 in Q1 2024, with significant increases in manufacturing costs and engineering, selling, and administrative expenses [18]. Board of Directors Changes - Michael J. Ferrantino, Jr. and Timothy Foufas will not seek re-election to the Board of Directors, focusing instead on the Connectivity Partnership [6]. Cash and Investments - Cash and cash equivalents, along with marketable securities, totaled $42.0 million as of March 31, 2025, with $24.9 million held in the Merchant Investment business [7].