secwatch.observer — SEC 8-K summary
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Issuer:     LGL GROUP INC (LGL)
CIK:        0000061004
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001437749-24-017097
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61004/000143774924017097/0001437749-24-017097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61004/000143774924017097/lglg20240401_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-017097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer