LGL Group Stock Price, News & Analysis

The LGL Group, Inc. (LGL) announced its conference call to discuss 2021 financial results scheduled for March 29, 2022, at 10:00 am EDT. The results will be filed with the SEC on March 28, 2022, before market opening, and available on the company’s website. LGL's two main subsidiaries, MtronPTI and PTF, focus on designing, manufacturing, and marketing electronic components for signal control and timing applications.

The LGL Group, Inc. pre-announces its Q4 2021 financial results with expected revenues around $7.2 million, down from $7.4 million in Q4 2020. Total revenues for 2021 are projected at $28.1 million, a decline from $31.2 million in 2020. However, the backlog has risen by 50% to $29.8 million. Cash and marketable securities are estimated at $29.6 million and $16.2 million, respectively. The company is progressing on its MtronPTI spin-off, expected to conclude by May 15, 2022.

The LGL Group, Inc. reported financial results for Q3 and YTD 2021, revealing a revenue decrease to $7.5 million from $8.1 million in Q3 2020, and $20.9 million for the nine months compared to $23.7 million the prior year. A backlog improvement to $21.8 million was noted. Net income soared to $31.8 million, largely due to a $40.4 million gain from SPAC investments. Meanwhile, diluted EPS rose to $5.97. Strategic plans include a spin-off of the MTronPTI subsidiary to enhance shareholder value.

The LGL Group, Inc. (LGL) has announced its Board of Directors approved a spin-off of its subsidiary, MTronPTI, which will be presented for shareholder approval. In connection with its SPAC investment, LGL distributed 2,843,935 shares of IronNet (IRNT), with 1,543,935 shares free for sale. The company also announced the resignation of Robert LaPenta Jr. from its board, effective September 27, 2021. LGL's CEO highlighted the potential profitability of the SPAC investment, stating it will transition to mark-to-market accounting for shareholders.

The LGL Group has authorized management to explore a potential spin-off of its MTronPTI business into a separate public company. The move aims to enhance profitability and shareholder value by allowing both entities to tailor their strategies independently. The spin-off would be structured as a tax-free, pro-rata distribution to LGL shareholders. Historically, LGL has successfully spun off multiple businesses, and MTronPTI has the potential to significantly benefit from independent operations. Completion of the spin-off is subject to board approval and is not expected before Q4 2021.

The LGL Group, Inc. reported a 24.2% decline in Q1 2021 revenues to $6.5 million from $8.6 million in Q1 2020. An operating loss of $60,000 contrasted sharply with a profit of $0.7 million last year. Diluted earnings per share fell to $0.01 compared to $0.04 in the same period. Despite these challenges, backlog increased to $20.4 million. The Company maintains a strong cash position of $24.6 million, and it has made a strategic investment in LGL Systems Acquisition Corp., which is expected to enhance shareholder value.

The LGL Group reported financial results for the year ending December 31, 2020, showing revenues of $31.2 million, a decline from $31.9 million in 2019. Despite a decreased operating income of $1.4 million compared to $3.4 million the previous year, the company’s balance sheet improved with cash and marketable securities rising to $24.1 million. A warrant dividend was declared for shareholders, and Mike Ferrantino was appointed as the new President and CEO, effective April 1, 2021. The company faces challenges due to a downturn in the avionics market and COVID-related disruptions, impacting overall margins.

The LGL Group, Inc. announced an increase in capital investments aimed at enhancing product development and operational efficiencies. This includes boosting manufacturing capacity at its MtronPTI facility in Orlando, FL. New products, such as a high power multiplexer for various communication applications, will leverage advanced bandpass filters for superior performance. These investments are expected to accelerate the development of next-generation frequency and spectrum control products, reinforcing the company's competitive edge in critical markets.

The LGL Group, Inc. (NYSE American: LGL) will release its 2020 earnings on March 23, 2021, post-market close, with an investor call scheduled for March 24 at 11:00 AM EST. The call will discuss strategic initiatives, M&A activities, and 2020 financial results, along with updates on the SPAC franchise. Interested attendees can join via a provided toll-free number or through WebEx. The Company, which includes subsidiaries MtronPTI and PTF, focuses on engineered electronic components for timing and frequency control.