---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-037648"
form_type: "8-K"
ticker: "LGL"
cik: "0000061004"
company_name: "LGL GROUP INC"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:36:35.559302+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LGL Group Q3 revenue up 16.8% to $8.8M; net loss $0.27/diluted share; MtronPTI spin-off completed

## Summary
- Revenue $8.8M (+16.8% YoY); 9-month revenue $24.3M (+16.2%).
- Diluted net loss $0.27 per share vs income $5.97 prior-year quarter; 9-month loss $0.58.
- Backlog $44.2M at Sep 30, 2022, up 48.3% from Dec 31, 2021.
- Realized/unrealized losses of $4.4M from IronNet (IRNT) investment for 9 months.
- Completed spin-off of MtronPTI (MPTI) on Oct 7, 2022; stockholders got 0.5 share per LGL share.

## SEC filing metadata
- accession: 0001564590-22-037648
- form_type: 8-K
- ticker: LGL
- cik: 0000061004
- company_name: LGL GROUP INC
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/61004/000156459022037648/0001564590-22-037648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/61004/000156459022037648/lgl-8k_20221114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-037648
- JSON: https://secwatch.observer/filing/0001564590-22-037648.json
- Plain text: https://secwatch.observer/filing/0001564590-22-037648.txt

## Key facts
- Earnings Releases
  LGL GROUP INC reported three months ended September 30, 2022 results: revenue $8.8 million, EPS $(0.27) per diluted share.
  - Period: three months ended September 30, 2022
  - Revenue: $8.8 million
  - EPS: $(0.27) per diluted share
  - Result: reported results
  source text: Revenue of $8.8 million for the three months ended September 30, 2022 increased 16.8% compared to $7.5 million for the comparable prior year period. For the nine months ended September 30, 2022, revenue was $24.3 million, a 16.2% increase from the $20.9 million reported for the comparable prior year period. • Realized and unrealized losses aggregating $4.4 million for the nine months ended September 30, 2022, largely related to unrealized losses recorded for the Company’s ongoing investment in IronNet, Inc. • Diluted net loss of $0.27 per share compared to income of $5.97 for the prior year quarter, and a loss of $0.58 for the nine months versus income of $5.96 for the comparable prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/61004/000156459022037648/0001564590-22-037648-index.htm
- Earnings Releases
  LGL GROUP INC reported nine months ended September 30, 2022 results: revenue $24.3 million, net income $3.1 million, EPS a loss of $0.58.
  - Period: nine months ended September 30, 2022
  - Revenue: $24.3 million
  - Net income: $3.1 million
  - EPS: a loss of $0.58
  - Result: reported results
  source text: Revenue of $8.8 million for the three months ended September 30, 2022 increased 16.8% compared to $7.5 million for the comparable prior year period. For the nine months ended September 30, 2022, revenue was $24.3 million, a 16.2% increase from the $20.9 million reported for the comparable prior year period. • Realized and unrealized losses aggregating $4.4 million for the nine months ended September 30, 2022, largely related to unrealized losses recorded for the Company’s ongoing investment in IronNet, Inc. • Diluted net loss of $0.27 per share compared to income of $5.97 for the prior year quarter, and a loss of $0.58 for the nine months versus income of $5.96 for the comparable prior year period. • Backlog of $44.2 million at September 30, 2022, up 48.3% versus $29.8 million as of Q4 2021 and up 102.3% compared to $21.8 million at September 30, 2021. • Net working capital of $47.7 million including cash and marketable securities of $39.4 million and $7.6 million of inventory as of Se
  evidence_url: https://www.sec.gov/Archives/edgar/data/61004/000156459022037648/0001564590-22-037648-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.