$LGL
LGL GROUP INC

2021 Q3 Form 10-Q Financial Statement

#000156459021057054 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2021 Q1
Revenue $7.501M $6.882M $6.536M
YoY Change -7.06% -2.51% -24.16%
Cost Of Revenue $4.782M $4.151M $4.401M
YoY Change -8.09% -13.81% -22.27%
Gross Profit $2.719M $2.731M $2.135M
YoY Change -5.2% 21.76% -27.77%
Gross Profit Margin 36.25% 39.68% 32.67%
Selling, General & Admin $3.465M $2.115M $2.195M
YoY Change 60.49% 2.72% -4.4%
% of Gross Profit 127.44% 77.44% 102.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.0K $137.0K $115.0K
YoY Change 11.45% 8.73% -0.86%
% of Gross Profit 5.37% 5.02% 5.39%
Operating Expenses $3.465M $2.115M $2.195M
YoY Change 60.49% 2.72% -4.4%
Operating Profit -$746.0K $616.0K -$60.00K
YoY Change -205.22% 234.78% -109.09%
Interest Expense $41.34M -$679.0K -$79.00K
YoY Change -64685.94% 552.88% 102.56%
% of Operating Profit -110.23%
Other Income/Expense, Net $41.58M -$609.0K $93.00K
YoY Change 45586.81% -575.78% -121.99%
Pretax Income $40.83M $7.000K $33.00K
YoY Change 5003.63% -97.76% -86.08%
Income Tax $9.049M $25.00K $6.000K
% Of Pretax Income 22.16% 357.14% 18.18%
Net Earnings $31.78M -$18.00K $27.00K
YoY Change 4952.46% -107.06% -85.25%
Net Earnings / Revenue 423.68% -0.26% 0.41%
Basic Earnings Per Share $6.03 $0.00 $0.01
Diluted Earnings Per Share $5.97 $0.00 $0.01
COMMON SHARES
Basic Shares Outstanding 5.274M 5.272M 5.272M
Diluted Shares Outstanding 5.326M 5.272M 5.351M

Balance Sheet

Concept 2021 Q3 2021 Q2 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $66.42M $21.25M $24.60M
YoY Change 189.77% -4.13% 12.12%
Cash & Equivalents $15.59M $15.25M $18.68M
Short-Term Investments $50.83M $5.993M $5.918M
Other Short-Term Assets $414.0K $270.0K $365.0K
YoY Change 54.48% 1.5% 7.04%
Inventory $5.260M $5.548M $5.339M
Prepaid Expenses
Receivables $5.031M $4.654M $3.913M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $77.13M $31.72M $34.21M
YoY Change 131.86% -3.64% 3.42%
LONG-TERM ASSETS
Property, Plant & Equipment $3.507M $3.314M $3.121M
YoY Change 7.05% 10.17% 1.04%
Goodwill $40.00K $40.00K $40.00K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $5.045M $5.721M
YoY Change -100.0% 57.9% 73.63%
Other Assets $27.00K $3.031M $64.00K
YoY Change -99.11% -5.13% -98.03%
Total Long-Term Assets $3.805M $11.68M $12.24M
YoY Change -61.26% 19.37% 22.19%
TOTAL ASSETS
Total Short-Term Assets $77.13M $31.72M $34.21M
Total Long-Term Assets $3.805M $11.68M $12.24M
Total Assets $80.93M $43.40M $46.45M
YoY Change 87.84% 1.63% 7.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.388M $1.568M $1.517M
YoY Change 11.13% -5.08% -7.44%
Accrued Expenses $1.568M $1.714M $2.066M
YoY Change -36.03% -23.89% -32.51%
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 $2.956M $3.282M $6.308M
YoY Change -20.11% -18.09% 34.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $217.0K $246.0K $272.0K
YoY Change
Total Long-Term Liabilities $217.0K $246.0K $272.0K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.956M $3.282M $6.308M
Total Long-Term Liabilities $217.0K $246.0K $272.0K
Total Liabilities $9.230M $3.528M $6.580M
YoY Change 149.46% -11.95% 40.0%
SHAREHOLDERS EQUITY
Retained Earnings -$5.176M -$5.158M
YoY Change -13.6%
Common Stock $45.63M $45.61M
YoY Change 1.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $71.70M $39.87M $39.87M
YoY Change
Total Liabilities & Shareholders Equity $80.93M $43.40M $46.45M
YoY Change 87.84% 1.63% 7.78%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2021 Q1
OPERATING ACTIVITIES
Net Income $31.78M -$18.00K $27.00K
YoY Change 4952.46% -107.06% -85.25%
Depreciation, Depletion And Amortization $146.0K $137.0K $115.0K
YoY Change 11.45% 8.73% -0.86%
Cash From Operating Activities $179.0K -$354.0K $402.0K
YoY Change -81.33% 594.12% -56.4%
INVESTING ACTIVITIES
Capital Expenditures -$359.0K -$345.0K -$55.00K
YoY Change 60.27% 604.08% -198.21%
Acquisitions
YoY Change
Other Investing Activities $488.0K -$2.725M
YoY Change
Cash From Investing Activities $129.0K -$3.070M -$55.00K
YoY Change -157.59% 6165.31% -1.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 31.00K 0.000
YoY Change -131.63% -100.0%
NET CHANGE
Cash From Operating Activities 179.0K -354.0K 402.0K
Cash From Investing Activities 129.0K -3.070M -55.00K
Cash From Financing Activities 31.00K 0.000
Net Change In Cash 339.0K -3.424M 347.0K
YoY Change -46.78% -42900.0% -91.69%
FREE CASH FLOW
Cash From Operating Activities $179.0K -$354.0K $402.0K
Capital Expenditures -$359.0K -$345.0K -$55.00K
Free Cash Flow $538.0K -$9.000K $457.0K
YoY Change -54.52% 350.0% -47.23%

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