secwatch.observer — SEC 8-K summary
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Issuer:     LGL GROUP INC (LGL)
CIK:        0000061004
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001437749-24-026405
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61004/000143774924026405/0001437749-24-026405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61004/000143774924026405/lglg20240513_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-026405

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