$LGL
LGL GROUP INC

2020 Q3 Form 10-Q Financial Statement

#000156459020053608 Filed on November 12, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q4 2019 Q3
Revenue $8.071M $8.839M $8.588M
YoY Change -6.02% 37.47% 35.5%
Cost Of Revenue $5.203M $5.411M $5.049M
YoY Change 3.05% 33.01% 31.72%
Gross Profit $2.868M $3.428M $3.539M
YoY Change -18.96% 45.13% 41.28%
Gross Profit Margin 35.53% 38.78% 41.21%
Selling, General & Admin $2.159M $2.401M $2.417M
YoY Change -10.67% 16.78% 19.18%
% of Gross Profit 75.28% 70.04% 68.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $131.0K $128.0K $125.0K
YoY Change 4.8% 5.79% 3.31%
% of Gross Profit 4.57% 3.73% 3.53%
Operating Expenses $2.159M $2.401M $2.417M
YoY Change -10.67% 16.78% 19.18%
Operating Profit $709.0K $1.027M $1.122M
YoY Change -36.81% 235.62% 135.22%
Interest Expense -$64.00K -$15.00K $0.00
YoY Change -1600.0% -100.0%
% of Operating Profit -9.03% -1.46% 0.0%
Other Income/Expense, Net $91.00K $132.0K $82.00K
YoY Change 10.98% -607.69% 12.33%
Pretax Income $800.0K $1.144M $1.204M
YoY Change -33.55% 307.12% 120.92%
Income Tax $171.0K $179.0K -$3.326M
% Of Pretax Income 21.38% 15.65% -276.25%
Net Earnings $629.0K $965.0K $4.530M
YoY Change -86.11% 268.32% 847.7%
Net Earnings / Revenue 7.79% 10.92% 52.75%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $0.12 $96.26K $912.2K
COMMON SHARES
Basic Shares Outstanding 5.213M
Diluted Shares Outstanding 5.251M

Balance Sheet

Concept 2020 Q3 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.92M $18.08M $20.12M
YoY Change 13.95% -6.22% 7.87%
Cash & Equivalents $17.28M $12.45M $11.16M
Short-Term Investments $5.646M $5.631M $8.954M
Other Short-Term Assets $268.0K $365.0K $352.0K
YoY Change -23.86% 50.83% 23.51%
Inventory $5.430M $6.016M $6.476M
Prepaid Expenses
Receivables $4.644M $4.445M $4.902M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $33.26M $28.91M $31.85M
YoY Change 4.46% 5.57% 15.99%
LONG-TERM ASSETS
Property, Plant & Equipment $3.276M $2.831M $2.603M
YoY Change 25.85% 35.71% 24.19%
Goodwill $40.00K $40.00K $40.00K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $3.134M $3.334M
YoY Change
Other Assets $3.046M $102.0K $3.433M
YoY Change -11.27% -19.69% 2267.59%
Total Long-Term Assets $9.822M $10.31M $6.821M
YoY Change 44.0% 283.16% 149.21%
TOTAL ASSETS
Total Short-Term Assets $33.26M $28.91M $31.85M
Total Long-Term Assets $9.822M $10.31M $6.821M
Total Assets $43.09M $39.22M $38.67M
YoY Change 11.43% 30.4% 28.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.249M $1.865M $2.266M
YoY Change -44.88% 31.52% 65.52%
Accrued Expenses $2.451M $2.219M $2.619M
YoY Change -6.41% 66.34% 45.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.700M $4.084M $4.885M
YoY Change -24.26% 48.4% 53.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $240.0K
YoY Change
Total Long-Term Liabilities $0.00 $240.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.700M $4.084M $4.885M
Total Long-Term Liabilities $0.00 $240.0K $0.00
Total Liabilities $3.700M $4.324M $4.885M
YoY Change -24.26% 57.12% 53.86%
SHAREHOLDERS EQUITY
Retained Earnings -$6.153M
YoY Change -53.28%
Common Stock $41.63M
YoY Change 1.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.39M $34.89M $33.78M
YoY Change
Total Liabilities & Shareholders Equity $43.09M $39.22M $38.67M
YoY Change 11.43% 30.4% 28.07%

Cashflow Statement

Concept 2020 Q3 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $629.0K $965.0K $4.530M
YoY Change -86.11% 268.32% 847.7%
Depreciation, Depletion And Amortization $131.0K $128.0K $125.0K
YoY Change 4.8% 5.79% 3.31%
Cash From Operating Activities $959.0K $1.577M $1.353M
YoY Change -29.12% 63.08% 222.91%
INVESTING ACTIVITIES
Capital Expenditures -$224.0K -$337.0K -$134.0K
YoY Change 67.16% 266.3% 318.75%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$224.0K -$337.0K -$134.0K
YoY Change 67.16% -102.77% -98.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -98.00K 52.00K 122.0K
YoY Change -180.33% -285.71% -86.94%
NET CHANGE
Cash From Operating Activities 959.0K 1.577M 1.353M
Cash From Investing Activities -224.0K -337.0K -134.0K
Cash From Financing Activities -98.00K 52.00K 122.0K
Net Change In Cash 637.0K 1.292M 1.341M
YoY Change -52.5% -90.15% -112.24%
FREE CASH FLOW
Cash From Operating Activities $959.0K $1.577M $1.353M
Capital Expenditures -$224.0K -$337.0K -$134.0K
Free Cash Flow $1.183M $1.914M $1.487M
YoY Change -20.44% 80.74% 229.71%

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