LGL Group Inc (A:LGL)
Business Focus: Electronic Component
| Sector: Industrials | Industry: Electrical Components & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2525 Shader Rd ORLANDO FL 32804 |
| Tel: | N/A |
| Website: | https://www.lglgroup.com |
| IR: | See website |
| Key People | ||
| Michael J. Ferrantino President, Chief Executive Officer, Executive Director | Timothy I. Foufas Co-Chief Executive Officer, Director | Christopher L. Nossokoff Principal Financial Officer |
| Patrick Huvane Executive Vice President - Finance and Business Development | Linda Biles Vice President, Controller | |
| Business Overview |
| The LGL Group, Inc. is a holding company engaged in services, merchant investment and manufacturing business activities. The Company, through its subsidiary, Precise Time and Frequency, LLC (PTF), produces industrial electronic instruments and commercial products and services. PTF operates from its design and manufacturing facility in Wakefield, Massachusetts. It operates through two segments: Electronic Instruments and Merchant Investment. The Electronic Instruments segment operates through PTF, which is engaged in the design of frequency and time reference standards that form the basis for timing and synchronization in various applications, including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. The Merchant Investment segment consists of various investment vehicles in which the Company has a shareholder, partner, or general partner interest, and through which LGL Group invests its capital. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, LGL Group Inc revenues increased 4% to $1.7M. Net income before extraordinary items totaled $297K vs. loss of $4.9M. Revenues reflect Spain segment increase from $65K to $330K, Canada segment increase from $54K to $137K. Net Income reflects Investment (loss) income increase from $4.7M (expense) to $384K (income), Net investment income increase from $413K to $1.6M (income). |
| Employees: | 9 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $1.73M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.28M as of Dec 31, 2023 |
| Net annual income (TTM): | $0.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.39M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 5,373,055 as of Mar 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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