LGL Group reports FY 2023 net income of $269K vs prior-year loss of $2.99M

LGL GROUP INC

2024-Q1 EPS reported $0.00 revenue$888,000

Q4 2023 total revenues $995K, up 72% from $578K in Q4 2022.
FY 2023 net income $269K ($0.05 diluted EPS) versus loss of $2,992K ($0.56) in FY 2022.
Q4 2023 net income $134K ($0.02 EPS) flat compared to $133K ($0.02) in Q4 2022.
Liquidity: cash and marketable securities $40.7M; working capital $41.1M; current ratio 87.7.
Management evaluating M&A across aerospace/defense, consumer, and industrial sectors.

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