---
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"
generated_at: "2026-06-01T23:48:30.031992+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# LGL Group Q1 2024 revenue falls 10% to $888K; net income drops to $21K

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-017097
- JSON: https://secwatch.observer/filing/0001437749-24-017097.json
- Plain text: https://secwatch.observer/filing/0001437749-24-017097.txt

## Key facts
- Earnings Releases
  LGL GROUP INC reported first quarter ended March 31, 2024 results: revenue $888,000, net income $21,000, EPS $0.00 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: $888,000
  - Net income: $21,000
  - EPS: $0.00 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/61004/000143774924017097/0001437749-24-017097-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.