LGL Group reports Q2 net loss of $130K, appoints Co-CEO, adds two independent directors

LGL GROUP INC

2023-Q2 EPS reported $0.01 vs consensus $0.03 ▼ miss (-67.0%)

Revenue $403K vs $370K in Q2 2022; operating loss narrowed to $438K from $480K.
Net loss improved to $130K from $1.8M; six-month EPS $0.01 vs ($0.31) loss.
Cash and securities rose to $40.3M from $38.1M (Dec 2022).
Board expands with Darlene DeRemer and Herve Francois; Tim Foufas appointed Co-CEO with Marc Gabelli.
Michael Ferrantino resigns executive role but remains on board; Lynch Capital receives $21M transfer.

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