$LGL
LGL GROUP INC

2021 Q1 Form 10-Q Financial Statement

#000156459021027015 Filed on May 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1 2019 Q4
Revenue $6.536M $8.618M $8.839M
YoY Change -24.16% 29.95% 37.47%
Cost Of Revenue $4.401M $5.662M $5.411M
YoY Change -22.27% 34.33% 33.01%
Gross Profit $2.135M $2.956M $3.428M
YoY Change -27.77% 22.3% 45.13%
Gross Profit Margin 32.67% 34.3% 38.78%
Selling, General & Admin $2.195M $2.296M $2.401M
YoY Change -4.4% 15.78% 16.78%
% of Gross Profit 102.81% 77.67% 70.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $115.0K $116.0K $128.0K
YoY Change -0.86% 14.85% 5.79%
% of Gross Profit 5.39% 3.92% 3.73%
Operating Expenses $2.195M $2.296M $2.401M
YoY Change -4.4% 15.78% 16.78%
Operating Profit -$60.00K $660.0K $1.027M
YoY Change -109.09% 52.07% 235.62%
Interest Expense -$79.00K -$39.00K -$15.00K
YoY Change 102.56% -4000.0% -1600.0%
% of Operating Profit -5.91% -1.46%
Other Income/Expense, Net $93.00K -$423.0K $132.0K
YoY Change -121.99% -374.68% -607.69%
Pretax Income $33.00K $237.0K $1.144M
YoY Change -86.08% -59.69% 307.12%
Income Tax $6.000K $54.00K $179.0K
% Of Pretax Income 18.18% 22.78% 15.65%
Net Earnings $27.00K $183.0K $965.0K
YoY Change -85.25% -68.56% 268.32%
Net Earnings / Revenue 0.41% 2.12% 10.92%
Basic Earnings Per Share $0.01 $0.04
Diluted Earnings Per Share $0.01 $0.04 $96.26K
COMMON SHARES
Basic Shares Outstanding 5.272M 5.052M
Diluted Shares Outstanding 5.351M 5.098M

Balance Sheet

Concept 2021 Q1 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.60M $21.94M $18.08M
YoY Change 12.12% 14.55% -6.22%
Cash & Equivalents $18.68M $16.63M $12.45M
Short-Term Investments $5.918M $5.306M $5.631M
Other Short-Term Assets $365.0K $341.0K $365.0K
YoY Change 7.04% 15.59% 50.83%
Inventory $5.339M $5.986M $6.016M
Prepaid Expenses
Receivables $3.913M $4.819M $4.445M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $34.21M $33.08M $28.91M
YoY Change 3.42% 14.01% 5.57%
LONG-TERM ASSETS
Property, Plant & Equipment $3.121M $3.089M $2.831M
YoY Change 1.04% 29.36% 35.71%
Goodwill $40.00K $40.00K $40.00K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $5.721M $3.295M $3.334M
YoY Change 73.63%
Other Assets $64.00K $3.248M $102.0K
YoY Change -98.03% 1168.75% -19.69%
Total Long-Term Assets $12.24M $10.02M $10.31M
YoY Change 22.19% 222.86% 283.16%
TOTAL ASSETS
Total Short-Term Assets $34.21M $33.08M $28.91M
Total Long-Term Assets $12.24M $10.02M $10.31M
Total Assets $46.45M $43.10M $39.22M
YoY Change 7.78% 34.18% 30.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.517M $1.639M $1.865M
YoY Change -7.44% -32.5% 31.52%
Accrued Expenses $2.066M $3.061M $2.219M
YoY Change -32.51% 79.11% 66.34%
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 $6.308M $4.700M $4.084M
YoY Change 34.21% 13.61% 48.4%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $272.0K $240.0K
YoY Change
Total Long-Term Liabilities $272.0K $0.00 $240.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $6.308M $4.700M $4.084M
Total Long-Term Liabilities $272.0K $0.00 $240.0K
Total Liabilities $6.580M $4.700M $4.324M
YoY Change 40.0% 13.61% 57.12%
SHAREHOLDERS EQUITY
Retained Earnings -$5.158M -$5.970M -$6.153M
YoY Change -13.6% -53.28%
Common Stock $45.61M $44.95M $41.63M
YoY Change 1.47% 1.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $39.87M $38.40M $34.89M
YoY Change
Total Liabilities & Shareholders Equity $46.45M $43.10M $39.22M
YoY Change 7.78% 34.18% 30.4%

Cashflow Statement

Concept 2021 Q1 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income $27.00K $183.0K $965.0K
YoY Change -85.25% -68.56% 268.32%
Depreciation, Depletion And Amortization $115.0K $116.0K $128.0K
YoY Change -0.86% 14.85% 5.79%
Cash From Operating Activities $402.0K $922.0K $1.577M
YoY Change -56.4% 655.74% 63.08%
INVESTING ACTIVITIES
Capital Expenditures -$55.00K $56.00K -$337.0K
YoY Change -198.21% -86.1% 266.3%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$55.00K -$56.00K -$337.0K
YoY Change -1.79% -98.96% -102.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 3.312M 52.00K
YoY Change -100.0% 4564.79% -285.71%
NET CHANGE
Cash From Operating Activities 402.0K 922.0K 1.577M
Cash From Investing Activities -55.00K -56.00K -337.0K
Cash From Financing Activities 0.000 3.312M 52.00K
Net Change In Cash 347.0K 4.178M 1.292M
YoY Change -91.69% -180.19% -90.15%
FREE CASH FLOW
Cash From Operating Activities $402.0K $922.0K $1.577M
Capital Expenditures -$55.00K $56.00K -$337.0K
Free Cash Flow $457.0K $866.0K $1.914M
YoY Change -47.23% -408.19% 80.74%

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