The LGL Group Q2 2023 Earnings Report

The LGL Group EPS Results

• Actual EPS: -$0.02
• Consensus EPS: $0.03
• Beat/Miss: Missed by -$0.05
• One Year Ago EPS: N/A

The LGL Group Revenue Results

• Actual Revenue: $0.40 million
• Expected Revenue: $0.50 million
• Beat/Miss: Missed by -$100.00 thousand
• YoY Revenue Growth: N/A

The LGL Group Announcement Details

• Quarter: Q2 2023
• Date: 8/23/2023
• Time: N/A

The LGL Group (NYSE:LGL), together with its subsidiaries, engages in the design, manufacture, and marketing of time and frequency instruments in the United States and internationally. It operates in two segments, Electronic Instruments and Merchant Investment. The company offers frequency and time reference standards; radio frequency (RF), digital, and optical time code distribution amplifiers; Network Time Protocol (NTP) servers; and redundancy auto switches. It also offers time and frequency instrumentation, including frequency standards, time standards, and time code generators. In, addition it offers wide range of ancillary products, such as RF distribution amplifiers, digital distribution amplifiers, time code distribution amplifiers, and redundancy switches. Its products are used in computer networking, satellite ground stations, electric utilities, metrology, broadcasting, and telecommunication systems. In addition, it engages in the merchant investment activities. The company was formerly known as Lynch Corporation and changed its name to The LGL Group, Inc. The LGL Group, Inc. was founded in 1917 and is based in Orlando, Florida.