LGL Group Stock Price, News & Analysis

The LGL Group, Inc. (LGL) reported a revenue increase of 16.8% to $8.8 million for Q3 2022 and 16.2% to $24.3 million for the first nine months, driven by strong defense product shipments and market recovery. However, the company faced a net loss of $3.1 million, significantly down from a profit of $31.8 million in the prior year, impacted by $4.4 million in investment losses tied to IronNet, Inc. Adjusted EBITDA rose to $1.9 million. A backlog of $44.2 million indicates positive future demand, though gross margins decreased due to inflation and product mix changes.

The LGL Group, Inc. (NYSE American: LGL) announced adjustments to its warrants due to the recent spin-off of M-tron Industries, Inc. The exercise price for LGL warrants has been lowered from $12.50 to $4.75, while the trigger price for potential acceleration has been revised from $17.50 to $6.65. Approximately 5.25 million European Style warrants will be affected, and these adjustments will take effect following the valuation period on October 18, 2022. The LGL warrants are traded under the symbol LGL.WS.

The LGL Group, Inc. has successfully completed its spin-off of M-tron Industries, Inc. on October 7, 2022, distributing one-half share of Mtron for each LGL share held. Post-spin-off, MPTI has 2.67 million shares and LGL has 5.33 million shares outstanding. LGL's warrants, originally priced at $12.50, will see an adjustment following the spin-off. No new Mtron warrants were issued, and LGL retains no ownership in Mtron. The spin-off allows both companies to pursue distinct business strategies, enhancing shareholder evaluation.

The LGL Group, Inc. has announced that the spin-off of M-tron Industries, Inc. will be completed on October 7, 2022. The record date for stockholders is set for September 30, 2022, with stockholders receiving one-half share of Mtron common stock for each share of LGL held. The SEC approved the registration statement for Mtron on September 7, 2022. The spin-off aims to be tax-free for LGL shareholders. Trading of Mtron stock will commence on October 7, 2022, under the symbol “MPTI”.

The LGL Group, Inc. (AMEX:LGL) will host a webinar on September 8, 2022, at 9:00 AM Eastern Time to outline its operations. Following the webinar registration, participants will receive a confirmation email for access. The company is planning a spin-off of its MtronPTI division, approved on August 3, 2022, allowing shareholders to receive one share of MtronPTI for each share of LGL held. This separation aims to enhance shareholder value and operational clarity, allowing each entity to pursue its strategy independently.

The LGL Group, Inc. (NYSE American: LGL) has announced the rescheduling of the spin-off of M-Tron Industries, Inc. (MtronPTI) to September 30, 2022, as the new record date, with the anticipated distribution date set for October 7, 2022. The update will be reflected in MtronPTI's Registration Statement on Form 10 filed with the SEC. Following the spin-off, MtronPTI is expected to trade under the ticker 'MPTI', while LGL will continue trading as 'LGL'.

The LGL Group, Inc. (LGL) reported Q2 2022 revenue of $7.4 million, an 8% increase from the previous year. For the first half of 2022, revenue rose 15.8% to $15.5 million. However, the company faced a diluted net loss of $0.34 per share, contrasting with zero losses last year. The backlog reached $43.4 million, up 45.6% since Q4 2021. Additionally, the strategic spin-off of MtronPTI was approved, enabling clearer performance evaluations for both entities. The company holds $41.5 million in cash and marketable securities, with adjusted EBITDA of $1.3 million, an improvement from the prior year.

The LGL Group, Inc. announced the spin-off of its Mtron business, with a record date set for August 12, 2022 and a distribution date of August 19, 2022.

Each LGL shareholder will receive one share of Mtron common stock for each share of LGL held. The separation is intended to be tax-free for LGL shareholders. Trading for Mtron is expected to begin on a ‘when issued’ basis on August 11, 2022, with regular trading starting on August 22, 2022. This strategic move aims to allow both LGL and Mtron to focus on their core operations.

The LGL Group, Inc. (LGL) reported a 24.1% increase in revenue for Q1 2022, totaling $8.1 million compared to $6.5 million in Q1 2021. The diluted net income rose to $0.03 per share from $0.01. The backlog stood at $37.0 million, a 24% increase from the previous quarter. Adjusted EBITDA also improved significantly to $715,000, up from $197,000 a year earlier. The company is preparing for a strategic spin-off of MtronPTI on June 21, 2022, aimed at enhancing shareholder value. Despite positive results, management remains cautious due to economic challenges.