LGL Group Q2 net income swings to $0.02/share on 48% revenue growth

LGL GROUP INC

2024-Q2 EPS reported $0.03 revenue$1,956,000

Q2 2024 revenues $1,068,000, up 48% from $721,000 in Q2 2023.
Net income of $137,000 ($0.02 diluted) vs net loss of $130,000 ($0.02 loss) a year ago.
Gross margin expanded to 59.7% from 48.4% on higher-margin product mix.
Backlog hit $737,000, up from $143,000 at Dec 31, 2023; most to ship in 90 days.
Cash and marketable securities $41.1M as of June 30, 2024.

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