secwatch.observer — SEC 8-K summary
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Issuer:     LGL GROUP INC (LGL)
CIK:        0000061004
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001564590-22-037648
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61004/000156459022037648/0001564590-22-037648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61004/000156459022037648/lgl-8k_20221114.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-037648

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