LGL Group Q2 2026 net loss widens to $353K; revenue up 24.8% to $1.15M

LGL GROUP INC

Revenue $1.153M, up 24.8% YoY; net loss $353K vs $51K loss in Q2 2025.
Backlog $3.628M as of June 30, 2026, up from $625K at Dec 31, 2025; $6.0M orders from satellite customer.
Completed rights offering July 24, 2026: 6,062,714 shares, gross proceeds $41.8M, cash now over $86M.
Gross margin fell to 49.2% from 57.0% due to volume-based pricing to a single customer.
Book value per share $6.77, down from $7.04; cash and marketable securities $45.2M at quarter end.

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