LGL Group Q1 net income $157k, operating loss narrows; Co-CEO to resign, Foufas to join

LGL GROUP INC

Revenue $441k vs $417k YoY; operating loss $309k vs $847k loss; net income $157k, EPS $0.03.
Cash and marketable securities $38.4M at March 31; investment income $345k vs $45k.
Co-CEO Michael Ferrantino to resign after Q2, remaining on board; Tim Foufas to become Co-CEO.
Formed SPV Lynch Systems Acquisition Holding in April 2023 to advance merchant banking activities.
Board expanding with independent candidates with transactional experience to support M&A growth.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LGL GROUP INC reported first quarter 2023 (three months ended March 31, 2023) results: revenue $441,000, net income $157,000, EPS $0.03 per share.

Period: first quarter 2023 (three months ended March 31, 2023)
Revenue: $441,000
Net income: $157,000
EPS: $0.03 per share
Result: reported results

Exact text from the filing

Revenue of $441,000 for the three months ended March 31, 2023 compared to $417,000 for the comparable prior year period.

View on SEC.gov

171 earnings releases filed in the last 30 days. Browse all earnings releases →

LGL GROUP INC filing history →

Source: SEC EDGAR

accession 0001437749-23-018197

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.