secwatch.observer — SEC 8-K summary
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Issuer:     LGL GROUP INC (LGL)
CIK:        0000061004
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001437749-24-034939
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LGL Group Q3 revenue up 20.6% to $1.18M; EPS falls to $0.01 from $0.02 YoY
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- Q3 2024 revenues $1,179,000 vs $978,000 in Q3 2023; net income $72,000 ($0.01/diluted share) vs $108,000 ($0.02/diluted share).
- Nine-month revenues $3,135,000 vs $2,683,000; net income per diluted share improved to $0.04 from $0.03.
- Gross margin declined to 43.4% in Q3 from 55.5% a year ago due to lower-margin product mix.
- Backlog grew to $505,000 at Sep 30, 2024, up from $143,000 at Dec 31, 2023.
- Cash and marketable securities $41,618,000; portfolio resilient despite Fed rate cut.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61004/000143774924034939/0001437749-24-034939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61004/000143774924034939/lglg20240814_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-034939

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