The LGL Group, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 revenue $1.464 million, up 32.1% year over year
- ➤Q3 net loss $45,000 versus $772,000 net income last year
- ➤Q3 gross margin fell to 31.8% from 52.8%
- ➤Electronic Instruments backlog reached $6.463 million versus $625,000 at year-end
- ➤Rights offering raised $41.5 million net through 6,062,714 shares issued
Expert Statements
Jason Lamb, Chief Executive Officer of LGL Group
“Our third quarter results reflect continued demand in our Electronic Instruments segment. Revenues increased 32.1% from Q3 2025, driven by higher net sales and increased net investment income on larger invested balances. While volume discounts and costs associated with scaling production weighed on gross margin, we remain focused on disciplined pricing and cost management. Our $6.5 million backlog as of September 30, 2026 provides visibility heading into the fourth quarter, and we continue to invest in the business to support mission-critical defense, aerospace, and communications applications.”
* Total revenues were $1,464,000 in Q3 2026 compared to $1,108,000 in Q3 2025 * Net income (loss) attributable to LGL Group common stockholders was ($45,000) in Q3 2026 compared to $772,000 in Q3 2025 * Backlog within the Electronic Instruments segment was $6.5 million as of September 30, 2026 compared to $625,000 as of December 31, 2025 * Cash and cash equivalents and marketable securities were $87.0 million as of September 30, 2026 compared to $41.6 million as of December 31, 2025 * Book value attributable to LGL Group common stockholders per share was $6.81 as of September 30, 2026 compared to $7.04 as of December 31, 2025 * Completed rights offering on July 24, 2026, issuing 6,062,714 shares with net proceeds of $41.5 million Arlington, Virginia--(Newsfile Corp. - November 12, 2026) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the third quarter ended September 30, 2026.
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