The LGL Group, Inc. Announces Commencement of Share Repurchase
Rhea-AI Summary
LGL Group (NYSE American: LGL) has announced multiple significant updates, including a share repurchase program of $500,000 to $700,000 of common stock, not exceeding 100,000 shares. The company's warrants are exercisable through November 17, 2025, with a 5:1 ratio at a strike price of $4.75 per share.
The company provided updates on its pending acquisition of 1 million newly issued shares of Morgan Group Holding Co. (MGHL) at $2.00 per share, expected to close in 2025. Q2 2025 financial results showed revenue of $924,000, down 13.5% year-over-year, with a net loss of $51,000. The company maintains strong liquidity with $41.8 million in investments and working capital of $41.6 million.
Positive
- Authorization of share repurchase program worth $500,000-$700,000
- Strong liquidity position with $41.8 million in investments
- Healthy working capital of $41.6 million
- Backlog increased by $191,000 from December 2024 to $527,000
- Maintained stable gross margin of 54.7% for six months ended June 2025
Negative
- Q2 2025 revenue declined 13.5% year-over-year to $924,000
- Net loss of $51,000 in Q2 2025 compared to profit of $137,000 in Q2 2024
- Quarterly gross margin decreased to 57.0% from 59.7% year-over-year
- Backlog decreased by $210,000 compared to June 2024
- No material benefits expected from new initiatives in 2025
News Market Reaction
On the day this news was published, LGL gained 3.97%, reflecting a moderate positive market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $39M at that time. Trading volume was exceptionally heavy at 11.2x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Orlando, Florida--(Newsfile Corp. - September 18, 2025) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today that its Board of Directors authorized the commencement of the repurchase of
Additionally, LGL Group's warrants are exercisable today through November 17, 2025 and contain the following terms:
- Five (5) warrants to purchase one (1) share of common stock;
- Common stock can be purchased at a strike price of
$4.75 per share; - Oversubscription privilege available to warrant holders beginning October 16, 2025 that allows warrant holders to subscribe for additional shares of common stock that remain unsubscribed as a result of any unexercised Warrants; and
- No fractional shares will be issued.
Further information concerning how to exercise LGL Group warrants can be found on the Warrant FAQ page of the Company's website at www.lglgroup.com/WarrantFAQ.
To date, approximately 45,000 shares have been issued from the exercise of the warrants.
LGL Group to Present Today at Sidoti Small Cap Conference
LGL Group will present at the Sidoti Small Cap Virtual Conference on Thursday, September 18, 2025. The presentation will begin at 11:30 a.m. ET and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_t0HZAS1XStOfyp5mpRF-VQ.
To register for the presentation, visit www.sidoti.com/events. Registration is free and you don't need to be a Sidoti client.
Update to Purchase of 1 Million Newly Issued Shares of Morgan Group Holding Co. (OTC Pink: MGHL)
The purchase remains pending final multi-party agreements, certain approvals and final diligence. We continue to believe this transaction will be completed in 2025. LGL Group entered into an amended and restated subscription agreement to purchase, via a private placement, 1,000,000 newly issued shares of Morgan Group Holding Co. ("MGHL") common stock for
MGHL, through its wholly owned subsidiary, G.research, LLC ("G.R"), provides brokerage, underwriting, and institutional research services. G.R is a broker-dealer registered under the Securities Exchange Act of 1934, as amended, and is a member of the Financial Industry Regulatory Authority ("FINRA"). G.R has over
Once closed, Herve Francois will join MGHL as Chairman and Chief Executive Officer and Chris Nossokoff will join as Chief Financial Officer. G.R. will continue to be led by Vincent Amabile as President and Joseph Fernandez as Financial Operations Principal and Controller and continue to manage and build the strength of the platform.
New Initiatives Continue
Further expanding adjacent capabilities with the Company's PTF division, P3 Logistic Solutions LLC ("P3") is developing new opportunities with AI-driven tactical edge device prototypes. P3 is preparing to field test on farms, adapting technology originally engineered for U.S. Department of Defense use cases to meet the challenges of modern agriculture. These ruggedized edge systems deliver real-time, autonomous decision-making without relying on centralized networks — ensuring uninterrupted operation in remote and demanding conditions.
The trials will apply the technology to precision crop monitoring, smart irrigation control, and autonomous asset tracking, bringing smart analytics and resilience to the field. Testing will measure gains in efficiency, resource optimization, and operational performance across diverse farming environments, laying the foundation for scalable deployment.
We do not expect to recognize any material benefits from our new initiatives in 2025 but expect to develop value in the medium term.
Q2 2025 Results as Previously Reported
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||||||||
| 2025 | 2024 | % Change | 2025 | 2024 | % Change | ||||||||||||||||
| U.S. GAAP Financial Measures | |||||||||||||||||||||
| Revenues | $ | 924 | $ | 1,068 | - | $ | 1,842 | $ | 1,956 | - | |||||||||||
| Gross margin | - | ||||||||||||||||||||
| Net (loss) income | $ | (51 | ) | $ | 137 | - | $ | (57 | ) | $ | 158 | - | |||||||||
| Net (loss) income per diluted share | $ | (0.01 | ) | $ | 0.02 | - | $ | (0.01 | ) | $ | 0.03 | - | |||||||||
Consolidated Results from Operations
Second quarter 2025 net (loss) income available to LGL Group common stockholders was (
- lower Net sales due to lower product shipments during Q2 2025 and lower backlog as of March 31, 2025; and
- lower Net investment income on investments in U.S. Treasury money market funds due to lower yields.
Gross Margin
Gross margin decreased to
Fiscal year to date 2025 net (loss) income available to LGL group common stockholders was (
Gross Margin
Gross margin was flat at
Backlog
As of June 30, 2025, our order backlog was
Liquidity
Our working capital metrics were as follows:
| (in thousands) | June 30, 2025 | December 31, 2024 | ||||||
| Current assets | $ | 42,515 | $ | 42,642 | ||||
| Less: Current liabilities | 881 | 904 | ||||||
| Working capital | $ | 41,634 | $ | 41,738 | ||||
As of June 30, 2025, LGL Group had investments (classified within Cash and cash equivalents and Marketable securities) with a fair value of
About The LGL Group, Inc.
The LGL Group, Inc. ("LGL," "LGL Group," or the "Company") is a holding company engaged in services, merchant investment and manufacturing business activities. Precise Time and Frequency, LLC ("PTF") is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments.
LGL Group was incorporated in 1928 under the laws of the State of Indiana, and in 2007, the Company was reincorporated under the laws of the State of Delaware as The LGL Group, Inc. We maintain our executive offices at 2525 Shader Road, Orlando, Florida 32804. Our telephone number is (407) 298-2000. Our Internet address is www.lglgroup.com. LGL Group common stock and warrants are traded on the NYSE American ("NYSE") under the symbols "LGL" and "LGL WS", respectively.
LGL Group's business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. The Company's engineering and design origins date back to the early 1900s. In 1917, Lynch Glass Machinery Company ("Lynch Glass"), the predecessor of LGL Group, was formed and emerged in the late 1920s as a successful manufacturer of glass-forming machinery. Lynch Glass was then renamed Lynch Corporation ("Lynch") and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the "New York Curb Exchange," the predecessor to the NYSE American. The Company has a had a long history of owning and operating various business in the precision engineering, manufacturing, and services sectors.
Cautionary Note Concerning Forward-Looking Statements
This press release may contain forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "may," "will," "expect," "project," "estimate," "anticipate," "plan," "believe," "potential," "should," "continue" or the negative versions of those words or other comparable words. These forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to us and our current plans or expectations and are subject to a number of uncertainties and risks that could significantly affect current plans, anticipated actions and our future financial condition and results. Certain of these risks and uncertainties are described in greater detail in our filings with the Securities and Exchange Commission. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
###
Contact:
The LGL Group, Inc.
(407) 298-2000
info@lglgroup.com
The LGL Group, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| (in thousands, except share data) | 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Revenues: | ||||||||||||||||
| Net sales | $ | 491 | $ | 531 | $ | 989 | $ | 923 | ||||||||
| Net investment income | 428 | 538 | 845 | 1,037 | ||||||||||||
| Net gains (losses) | 5 | (1 | ) | 8 | (4 | ) | ||||||||||
| Total revenues | 924 | 1,068 | 1,842 | 1,956 | ||||||||||||
| Expenses: | ||||||||||||||||
| Manufacturing cost of sales | 211 | 214 | 448 | 418 | ||||||||||||
| Engineering, selling and administrative | 744 | 617 | 1,384 | 1,222 | ||||||||||||
| Total expenses | 955 | 831 | 1,832 | 1,640 | ||||||||||||
| (Loss) income from operations before income taxes | (31 | ) | 237 | 10 | 316 | |||||||||||
| Income tax expense | 14 | 76 | 42 | 112 | ||||||||||||
| Net (loss) income | (45 | ) | 161 | (32 | ) | 204 | ||||||||||
| Less: Net income attributable to non-controlling interests | 6 | 24 | 25 | 46 | ||||||||||||
| Net (loss) income attributable to LGL Group common stockholders | $ | (51 | ) | $ | 137 | $ | (57 | ) | $ | 158 | ||||||
| (Loss) income per common share attributable to LGL Group common stockholders: | ||||||||||||||||
| Basic | $ | (0.01 | ) | $ | 0.03 | $ | (0.01 | ) | $ | 0.03 | ||||||
| Diluted | $ | (0.01 | ) | $ | 0.02 | $ | (0.01 | ) | $ | 0.03 | ||||||
| Weighted average shares outstanding: | ||||||||||||||||
| Basic | 5,352,937 | 5,352,937 | 5,352,937 | 5,352,937 | ||||||||||||
| Diluted | 5,352,937 | 5,482,543 | 5,352,937 | 5,548,869 | ||||||||||||
The LGL Group, Inc.
Condensed Consolidated Balance Sheets
(Unaudited)
| (in thousands) | June 30, 2025 | December 31, 2024 | ||||||
| Assets: | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 41,735 | $ | 41,585 | ||||
| Marketable securities | 26 | 17 | ||||||
| Accounts receivable, net of reserves of | 263 | 493 | ||||||
| Inventories, net | 254 | 267 | ||||||
| Prepaid expenses and other current assets | 237 | 280 | ||||||
| Total current assets | 42,515 | 42,642 | ||||||
| Right-of-use lease assets | 276 | 308 | ||||||
| Intangible assets, net | 25 | 36 | ||||||
| Deferred income tax assets | 214 | 159 | ||||||
| Total assets | $ | 43,030 | $ | 43,145 | ||||
| Liabilities: | ||||||||
| Total current liabilities | 881 | 904 | ||||||
| Non-current liabilities | 1,017 | 1,001 | ||||||
| Total liabilities | 1,898 | 1,905 | ||||||
| Stockholders' equity: | ||||||||
| Total LGL Group stockholders' equity | 39,097 | 39,230 | ||||||
| Non-controlling interests | 2,035 | 2,010 | ||||||
| Total stockholders' equity | 41,132 | 41,240 | ||||||
| Total liabilities and stockholders' equity | $ | 43,030 | $ | 43,145 | ||||
The LGL Group, Inc.
Segment Results
(Unaudited)
| Three Months Ended June 30, | |||||||||||||||
| (in thousands) | 2025 | 2024 | $ Change | % Change | |||||||||||
| Revenues: | |||||||||||||||
| Electronic Instruments | $ | 491 | $ | 531 | $ | (40 | ) | - | |||||||
| Merchant Investment | 262 | 315 | (53 | ) | - | ||||||||||
| Corporate | 171 | 222 | (51 | ) | - | ||||||||||
| Total revenues | 924 | 1,068 | (144 | ) | - | ||||||||||
| Expenses: | |||||||||||||||
| Electronic Instruments | 423 | 457 | (34 | - | |||||||||||
| Merchant Investment | 114 | 78 | 36 | ||||||||||||
| Corporate | 418 | 296 | 122 | ||||||||||||
| Total expenses | 955 | 831 | 124 | 14.9 | |||||||||||
| Income (loss) from operations before income taxes | |||||||||||||||
| Electronic Instruments | 68 | 74 | (6 | ) | - | ||||||||||
| Merchant Investment | 148 | 237 | (89 | ) | - | ||||||||||
| Corporate | (247 | ) | (74 | ) | (173 | ) | |||||||||
| Income (loss) from operations before income taxes | (31 | ) | 237 | (268 | ) | - | |||||||||
| Income tax expense (benefit) | 14 | 76 | (62 | ) | - | ||||||||||
| Net income (loss) | (45 | ) | 161 | (206 | ) | - | |||||||||
| Less: Net income attributable to non-controlling interests | 6 | 24 | (18 | ) | - | ||||||||||
| Net income (loss) attributable to LGL Group common stockholders | $ | (51 | ) | $ | 137 | $ | (188 | ) | - | ||||||
The LGL Group, Inc.
Segment Results
(Unaudited)
| Six Months Ended June 30, | |||||||||||||||
| (in thousands) | 2025 | 2024 | $ Change | % Change | |||||||||||
| Revenues: | |||||||||||||||
| Electronic Instruments | $ | 989 | $ | 923 | $ | 66 | |||||||||
| Merchant Investment | 509 | 604 | (95 | ) | - | ||||||||||
| Corporate | 344 | 429 | (85 | ) | - | ||||||||||
| Total revenues | 1,842 | 1,956 | (114 | ) | - | ||||||||||
| Expenses: | |||||||||||||||
| Electronic Instruments | 902 | 847 | 55 | ||||||||||||
| Merchant Investment | 208 | 127 | 81 | ||||||||||||
| Corporate | 722 | 666 | 56 | ||||||||||||
| Total expenses | 1,832 | 1,640 | 192 | ||||||||||||
| Income (loss) from operations before income taxes | |||||||||||||||
| Electronic Instruments | 87 | 76 | 11 | ||||||||||||
| Merchant Investment | 301 | 477 | (176 | ) | - | ||||||||||
| Corporate | (378 | ) | (237 | ) | (141 | ) | |||||||||
| Income from operations before income taxes | 10 | 316 | (306 | ) | - | ||||||||||
| Income tax expense | 42 | 112 | (70 | ) | - | ||||||||||
| Net income | (32 | ) | 204 | (236 | ) | - | |||||||||
| Less: Net income attributable to non-controlling interests | 25 | 46 | (21 | ) | - | ||||||||||
| Net income attributable to LGL Group common stockholders | $ | (57 | ) | $ | 158 | $ | (215 | ) | - | ||||||
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266944
FAQ
What is the size of LGL Group's new share repurchase program?
What are the terms of LGL Group's warrant exercise program?
How did LGL Group perform financially in Q2 2025?
What is LGL Group's current financial position?
What is the status of LGL Group's investment in Morgan Group Holding Co.?
