$LGL
LGL GROUP INC

2022 Q1 Form 10-Q Financial Statement

#000156459022019907 Filed on May 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $8.108M $7.221M $6.536M
YoY Change 24.05% -2.6% -24.16%
Cost Of Revenue $5.061M $4.735M $4.401M
YoY Change 15.0% 4.02% -22.27%
Gross Profit $3.047M $2.486M $2.135M
YoY Change 42.72% -13.14% -27.77%
Gross Profit Margin 37.58% 34.43% 32.67%
Selling, General & Admin $2.826M $3.082M $2.195M
YoY Change 28.75% 2.73% -4.4%
% of Gross Profit 92.75% 123.97% 102.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $166.0K $159.0K $115.0K
YoY Change 44.35% 16.91% -0.86%
% of Gross Profit 5.45% 6.4% 5.39%
Operating Expenses $2.826M $3.082M $2.195M
YoY Change 28.75% 2.73% -4.4%
Operating Profit $221.0K -$596.0K -$60.00K
YoY Change -468.33% 331.88% -109.09%
Interest Expense $38.00K -$21.25M -$79.00K
YoY Change -148.1% 32093.94% 102.56%
% of Operating Profit 17.19%
Other Income/Expense, Net $22.00K -$269.0K $93.00K
YoY Change -76.34% -269.18% -121.99%
Pretax Income $243.0K -$22.11M $33.00K
YoY Change 636.36% 49040.0% -86.08%
Income Tax $74.00K -$4.962M $6.000K
% Of Pretax Income 30.45% 18.18%
Net Earnings $169.0K -$17.15M $27.00K
YoY Change 525.93% 17224.24% -85.25%
Net Earnings / Revenue 2.08% -237.52% 0.41%
Basic Earnings Per Share $0.03 -$3.25 $0.01
Diluted Earnings Per Share $0.03 -$3.247M $0.01
COMMON SHARES
Basic Shares Outstanding 5.324M 5.282M 5.272M
Diluted Shares Outstanding 5.345M 5.282M 5.351M

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.47M $45.18M $24.60M
YoY Change 80.79% 87.31% 12.12%
Cash & Equivalents $21.65M $29.02M $18.68M
Short-Term Investments $22.82M $16.17M $5.918M
Other Short-Term Assets $467.0K $494.0K $365.0K
YoY Change 27.95% 92.22% 7.04%
Inventory $5.919M $5.492M $5.339M
Prepaid Expenses
Receivables $5.255M $4.667M $3.913M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $56.11M $55.84M $34.21M
YoY Change 64.0% 65.29% 3.42%
LONG-TERM ASSETS
Property, Plant & Equipment $3.811M $3.383M $3.121M
YoY Change 22.11% 21.47% 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 $5.721M
YoY Change -100.0% 73.63%
Other Assets $76.00K $5.000K $64.00K
YoY Change 18.75% -68.75% -98.03%
Total Long-Term Assets $4.121M $4.070M $12.24M
YoY Change -66.32% -57.93% 22.19%
TOTAL ASSETS
Total Short-Term Assets $56.11M $55.84M $34.21M
Total Long-Term Assets $4.121M $4.070M $12.24M
Total Assets $60.23M $59.91M $46.45M
YoY Change 29.66% 37.86% 7.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.568M $1.455M $1.517M
YoY Change 3.36% 17.34% -7.44%
Accrued Expenses $2.128M $2.372M $2.066M
YoY Change 3.0% 11.26% -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 $4.497M $4.426M $6.308M
YoY Change -28.71% 30.29% 34.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $587.0K $613.0K $272.0K
YoY Change 115.81% 109.22%
Total Long-Term Liabilities $587.0K $613.0K $272.0K
YoY Change 115.81% 109.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.497M $4.426M $6.308M
Total Long-Term Liabilities $587.0K $613.0K $272.0K
Total Liabilities $5.084M $5.163M $6.580M
YoY Change -22.74% 39.92% 40.0%
SHAREHOLDERS EQUITY
Retained Earnings $9.453M -$5.158M
YoY Change -282.31% -13.6%
Common Stock $45.87M $45.61M
YoY Change 0.75% 1.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $55.15M $54.74M $39.87M
YoY Change
Total Liabilities & Shareholders Equity $60.23M $59.91M $46.45M
YoY Change 29.66% 37.86% 7.78%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income $169.0K -$17.15M $27.00K
YoY Change 525.93% 17224.24% -85.25%
Depreciation, Depletion And Amortization $166.0K $159.0K $115.0K
YoY Change 44.35% 16.91% -0.86%
Cash From Operating Activities -$554.0K $1.125M $402.0K
YoY Change -237.81% -17.4% -56.4%
INVESTING ACTIVITIES
Capital Expenditures $207.0K -$340.0K -$55.00K
YoY Change -476.36% 335.9% -198.21%
Acquisitions
YoY Change
Other Investing Activities -$6.603M $12.74M
YoY Change -60776.19%
Cash From Investing Activities -$6.810M $12.40M -$55.00K
YoY Change 12281.82% -12627.27% -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 -104.0K 0.000
YoY Change -50.0% -100.0%
NET CHANGE
Cash From Operating Activities -554.0K 1.125M 402.0K
Cash From Investing Activities -6.810M 12.40M -55.00K
Cash From Financing Activities -104.0K 0.000
Net Change In Cash -7.364M 13.42M 347.0K
YoY Change -2222.19% 1172.32% -91.69%
FREE CASH FLOW
Cash From Operating Activities -$554.0K $1.125M $402.0K
Capital Expenditures $207.0K -$340.0K -$55.00K
Free Cash Flow -$761.0K $1.465M $457.0K
YoY Change -266.52% 1.74% -47.23%

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