{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-017097","form_type":"8-K","ticker":"LGL","cik":"0000061004","company_name":"LGL GROUP INC","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.673413+00:00","generated_at":"2026-06-01T23:48:30.031992+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"LGL Group Q1 2024 revenue falls 10% to $888K; net income drops to $21K","bullets":["Total revenues of $888K, down $96K from $984K in Q1 2023.","Net income available to common stockholders $21K ($0.00 per diluted share) vs $157K ($0.03) year ago.","Gross margin declined to 48.0% from 56.5% on unfavorable product mix and higher labor costs.","Order backlog improved to $341K, up $198K from $143K at Dec. 31, 2023.","Cash, equivalents and marketable securities $40.9M as of March 31, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-017097","json":"https://secwatch.observer/filing/0001437749-24-017097.json","markdown":"https://secwatch.observer/filing/0001437749-24-017097.md","text":"https://secwatch.observer/filing/0001437749-24-017097.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/61004/000143774924017097/0001437749-24-017097-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/61004/000143774924017097/lglg20240401_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:48:30.031992+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"261f2e23235c1257843ceaec6f6b99413c041f70","claim":"LGL GROUP INC reported first quarter ended March 31, 2024 results: revenue $888,000, net income $21,000, EPS $0.00 per diluted share.","evidence_excerpt":"Total revenues decreased $96,000 to $888,000 for the three months ended March 31, 2024 from $984,000 for the three months ended March 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/61004/000143774924017097/0001437749-24-017097-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$888,000"},{"label":"Net income","value":"$21,000"},{"label":"EPS","value":"$0.00 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}