LGLNYSE American: LGL

Orlando, Florida--(Newsfile Corp. - November 13, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Total revenues increased $201,000 to $1,179,000 for the three months ended September 30, 2024 from $978,000 for the three months ended September 30, 2023 Income from continuing operations before income taxes and after non-controlling interests decreased $57,000 to $120,000 for the three months ended September 30, 2024 from $177,000 for the three months ended September 30, 2023 Net income per diluted share decreased $0.01 to $0.01 for the three months ended September 30, 2024 from $0.02 for the three months ended September 30, 2023 Fiscal Year to Date 2024 Total revenues increased $452,000 to $3,135,000 for the nine months ended September 30, 2024 from $2,683,000 for the nine months ended September 30, 2023 Income from continuing operations before income taxes and after non-controlling interests increased $95,000 to $390,000 for the nine months ended September 30, 2024 from $295,000 for the nine months ended September 30, 2023 Net income per diluted share increased $0.01 to $0.04 for the nine months ended September 30, 2024 from $0.03 for the nine months ended September 30, 2023 Cash and cash equivalents and marketable securities were $41,618,000 as of September 30, 2024 "Although our yields in U.S. Treasuries have seen a modest decline, the portfolio's overall performance has been resilient despite the Federal Reserve's September rate cut," said Tim Foufas, Co-Chief Executive Officer.

Orlando, Florida--(Newsfile Corp. - September 13, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced members of LGL Group management, including Tim Foufas, Co-Chief Executive Officer, will present and host one-one-one meetings with investors at the Sidoti September Virtual Investor Conference, taking place on Wednesday and Thursday, September 18 - 19, 2024, featuring a range of compelling presentations from various small-cap companies. The presentation will begin at 9:15 am Eastern Time (US and Canada) on September 18, 2024, and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_1OYuAYl2SLW34KUNRyVtuw#.

Orlando, Florida--(Newsfile Corp. - August 13, 2024) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Total revenues increased $347,000 to $1,068,000 for the three months ended June 30, 2024 from $721,000 for the three months ended June 30, 2023 Income from continuing operations before income taxes and after non-controlling interests increased $345,000 to $213,000 for the three months ended June 30, 2024 from ($132,000) for the three months ended June 30, 2023 Net income per diluted share increased $0.04 to $0.02 for the three months ended June 30, 2024 from ($0.02) for the three months ended June 30, 2023 Fiscal Year to Date 2024 Total revenues increased $251,000 to $1,956,000 for the six months ended June 30, 2024 from $1,705,000 for the six months ended June 30, 2023 Income from continuing operations before income taxes and after non-controlling interests increased $152,000 to $270,000 for the six months ended June 30, 2024 from $118,000 for the six months ended June 30, 2023 Net income per diluted share increased $0.02 to $0.03 for the six months ended June 30, 2024 from $0.01 for the six months ended June 30, 2023 Cash and cash equivalents and marketable securities were $41,092,000 as of June 30, 2024 "With our sales and marketing initiatives starting to bear fruit, we are pleased with the improved performance within our Electronic Instruments segment.

The LGL Group, Inc. (NYSE American: LGL) announced its financial results for the first quarter of 2024, including a decrease in total revenues and income from continuing operations before income taxes. Despite these decreases, the company's cash and cash equivalents and marketable securities were $40,890,000 as of March 31, 2024. Tim Foufas, Co-Chief Executive Officer, expressed satisfaction with the progress in order backlog and sales initiatives in the Electronics Instruments segment.