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Newsfile Corp
8 months ago
The LGL Group, Inc. Reports Fourth Quarter 2024 Results
Orlando, Florida--(Newsfile Corp. - April 1, 2025) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the fourth quarter and full fiscal year ended December 31, 2024. Fourth Quarter 2024 Highlights Total revenues increased $162,000 to $1,157,000 for the three months ended December 31, 2024 from $995,000 for the three months ended December 31, 2023 Income from continuing operations before income taxes and after non-controlling interests decreased $84,000 to $219,000 for the three months ended December 31, 2024 from $303,000 for the three months ended December 31, 2023 Net income per diluted share increased $0.02 to $0.04 for the three months ended December 31, 2024 from $0.02 for the three months ended December 31, 2023 Fiscal Year 2024 Highlights Total revenues increased $614,000 to $4,292,000 for the fiscal year ended December 31, 2024 from $3,678,000 for the fiscal year ended December 31, 2023 Income from continuing operations before income taxes and after non-controlling interests increased $11,000 to $609,000 for the fiscal year ended December 31, 2024 from $598,000 for the fiscal year ended December 31, 2023 Net income per diluted share increased $0.03 to $0.08 for the fiscal year ended December 31, 2024 from $0.05 for the fiscal year ended December 31, 2023 Cash and cash equivalents and marketable securities were $41,602,000 as of December 31, 2024 "The growth in our Electronic Instruments business reflects our commitment to driving innovation and delivering high-performance instruments to our customers," said Marc Gabelli, Chairman and Co-Chief Executive Officer.