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LGLBearishEarningsnews
Materiality pending

The LGL Group, Inc. Reports First Quarter 2024 Results

May 15, 2024, 6:13 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Q1 2024 revenues decreased by $96,000 to $888,000 compared to Q1 2023. - Net income available to LGL Group common stockholders decreased to $21,000 for Q1 2024. - Gross margin declined to 48.0% for Q1 2024 from 56.5% in Q1 2023. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Q1 2024 revenues decreased by $96,000 to $888,000 compared to Q1 2023.
  • Net income available to LGL Group common stockholders decreased to $21,000 for Q1 2024.
  • Gross margin declined to 48.0% for Q1 2024 from 56.5% in Q1 2023.

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