Lgl | 8-K: FY2026 Q2 Revenue: USD 1.153 M

Revenue: As of FY2026 Q2, the actual value is USD 1.153 M.

EPS: As of FY2026 Q2, the actual value is USD -0.06.

EBIT: As of FY2026 Q2, the actual value is USD -447 K.

Consolidated Results (Three Months Ended June 30, 2026 vs. 2025)

• Total Revenues: The LGL Group, Inc. reported total revenues of $1,153,000 for the three months ended June 30, 2026, an increase of $229,000 or 24.8% from $924,000 in the same period of 2025. This was primarily due to a $259,000 increase in Net sales within the Electronic Instruments segment, partially offset by decreases in Net investment income and Net gains (losses).
• Gross Margin: Gross margin decreased to 49.2% for the three months ended June 30, 2026, from 57.0% in the prior year period, representing a -13.7% decrease. This decline was attributed to changes in product and pricing mix, including volume-based pricing for a single customer.
• Net Loss: Net loss attributable to The LGL Group, Inc. common stockholders was -$353,000, or -$0.06 per diluted share, for the three months ended June 30, 2026, compared to -$51,000, or -$0.01 per diluted share, in the second quarter of 2025, marking a 592.2% increase in net loss. This was mainly due to higher Engineering, selling, and administrative expenses, including a $143,000 increase in stock-based compensation, a $100,000 increase in professional service fees, a $37,000 increase in salaries and wages, and a $78,000 increase in other corporate expenses.

Consolidated Results (Six Months Ended June 30, 2026 vs. 2025)

• Total Revenues: Total revenues were $2,238,000 for the six months ended June 30, 2026, up 21.5% from $1,842,000 in the same period of 2025. This increase was mainly driven by a $443,000 rise in Net sales within the Electronic Instruments segment, partially offset by a $44,000 decrease in Net investment income.
• Gross Margin: Gross margin for the six months ended June 30, 2026, was 50.1%, down from 54.7% in the prior year period, an -8.5% decrease. This was primarily due to changes in product and pricing mix associated with volume-based pricing for a single customer.
• Net Loss: Net loss attributable to The LGL Group, Inc. common stockholders increased to -$975,000, or -$0.15 per diluted share, for the six months ended June 30, 2026, from -$57,000, or -$0.01 per diluted share, in 2025, representing a 1,610.5% increase in net loss. This was primarily due to higher Engineering, selling, and administrative expenses, including $822,000 higher stock-based compensation, a $300,000 increase in professional service fees, an $85,000 increase in salaries and wages, and a $100,000 increase in other corporate expenses.

Segment Revenues (Three Months Ended June 30, 2026)

• Electronic Instruments Segment Revenue: $750,000, a 52.7% increase from $491,000 in 2025.
• Merchant Investment Segment Revenue: $239,000, a -8.8% decrease from $262,000 in 2025.
• Corporate Segment Revenue: $164,000, a -4.1% decrease from $171,000 in 2025.

Segment Revenues (Six Months Ended June 30, 2026)

• Electronic Instruments Segment Revenue: $1,432,000, a 44.8% increase from $989,000 in 2025.
• Merchant Investment Segment Revenue: $462,000, a -9.2% decrease from $509,000 in 2025.
• Corporate Segment Revenue: $344,000, with no change from $344,000 in 2025.

Cash and Liquidity

• Cash and Cash Equivalents and Marketable Securities: These totaled $45.2 million as of June 30, 2026, up from $41.6 million as of December 31, 2025. This increase was mainly due to $4.6 million in net proceeds from the warrant dividend program and $1.2 million in capital contributions from non-controlling interests, partially offset by a $2.0 million investment in a convertible promissory note.
• Working Capital: Working capital was $45,195,000 as of June 30, 2026, compared to $45,409,000 as of December 31, 2025.
• Post-Rights Offering Cash: Following a rights offering completed on July 24, 2026, which generated $41.8 million in gross proceeds, cash and cash equivalents increased to over $86.0 million.

Backlog

• Electronic Instruments Segment Order Backlog: Increased by $3,003,000 to $3,628,000 as of June 30, 2026, from $625,000 as of December 31, 2025.
• New Orders: The LGL Group, Inc. received additional orders totaling $6.0 million from a satellite communications customer through July 31, 2026, of which $3.4 million was already included in the backlog as of June 30, 2026.

Outlook

• The LGL Group, Inc. expressed encouragement regarding the trajectory of its aerospace and defense and commercial applications. The company remains focused on translating this momentum into sustained long-term growth and stockholder value creation.