Earnings Releases·Nov 12, 2026, 5:27 PM ET

The LGL Group, Inc. — Third Quarter 2026 Earnings Summary

Total revenues rose 32.1% year-over-year to $1.464 million in Q3 2026, driven by a 30.4% revenue increase in the Electronic Instruments segment, though the company reported a net loss of $45,000 compared to $772,000 in net income the prior year.
Gross margin contracted significantly to 31.8% in Q3 2026 (down 2,100 basis points) and 44.0% for the nine months ended September 30, 2026, primarily due to volume-based pricing for a single customer and higher inventory reserves.
The company completed a rights offering in July 2026 raising $41.5 million and a warrant dividend program in January 2026 generating approximately $5.0 million, resulting in cash and marketable securities increasing to $87.0 million as of September 30, 2026.
Electronic Instruments backlog surged to $6.5 million as of September 30, 2026, from $625,000 at the end of 2025, while the Merchant Investment segment saw a 5.4% decline in pre-tax income to $122,000.
Nine-month net loss attributable to common stockholders was $1.02 million, impacted by an $874,000 increase in stock-based compensation and the absence of a 2025 uncertain tax position reversal.