Company profile

Ticker
LGL
Exchange
CEO
Ivan Arteaga
Employees
Incorporated in
Location
Fiscal year end
Former names
LYNCH Corp
SEC CIK
IRS number
381799862

LGL stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

30 Mar 20
5 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 8.84M 8.59M 7.84M 6.63M
Net income 965K 4.53M 939K 582K
Diluted EPS 0.19 0.91 0.19 0.12
Net profit margin 10.92% 52.75% 11.98% 8.78%
Operating income 1.03M 1.12M 856K 434K
Net change in cash 1.29M 1.34M -478K -5.21M
Cash on hand 12.45M 11.16M 9.82M 10.3M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 31.9M 24.87M 22.4M
Net income 7.02M 1.41M 117K 148K
Diluted EPS 1.41 0.29 0.04 0.06
Net profit margin 22.00% 5.65% 0.52%
Operating income 3.44M 1.43M 276K -161K
Net change in cash -3.06M 2.26M 10.47M -2.78M
Cash on hand 12.45M 15.51M 13.25M 2.78M

Financial data from LGL earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
27 Mar 20 Arteaga Ivan Restricted Stock Grant Aquire A 0 45,000 0 45,000
30 Dec 19 Gabelli Mario J Common Stock Sell Dispose S 15.0365 3,071 46.18K 499,136
17 Dec 19 Michael J Ferrantino Common Stock Sell Dispose S 15.35 9,600 147.36K 55,814
11 Dec 19 Michael J Ferrantino JR Common Stock Grant Aquire A 0 1,030 0 1,030
11 Dec 19 Donald H Hunter Common Stock Grant Aquire A 0 1,030 0 17,637
24.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 20 18 +11.1%
Opened positions 5 3 +66.7%
Closed positions 3 0 +Infinity%
Increased positions 5 5
Reduced positions 5 5
13F shares
Current Prev Q Change
Total value 12.32M 9.46M +30.3%
Total shares 1.19M 1.16M +2.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
GBL Gamco Investors, Inc. Et Al 541.73K $5.57M 0.0%
Renaissance Technologies 238.92K $2.46M +9.7%
Dimensional Fund Advisors 105.9K $1.09M +2.4%
Vanguard 88.88K $915K +1.5%
Minerva Advisors 68.57K $706K -15.2%
EAM Investors 64.95K $668K NEW
S. Muoio & Co. 35.48K $413K -1.4%
DB Deutsche Bank 18.45K $189K -31.1%
AMP Ameriprise Financial 18.28K $188K -27.1%
BLK BlackRock 7.63K $78K +15.5%
Largest transactions
Shares Bought/sold Change
EAM Investors 64.95K +64.95K NEW
Renaissance Technologies 238.92K +21.12K +9.7%
Minerva Advisors 68.57K -12.31K -15.2%
Wittenberg Investment Management 0 -10.44K EXIT
Susquehanna International 0 -10.33K EXIT
DB Deutsche Bank 18.45K -8.35K -31.1%
AMP Ameriprise Financial 18.28K -6.79K -27.1%
UBS UBS 473 -5.9K -92.6%
Panagora Asset Management 0 -4.13K EXIT
Dimensional Fund Advisors 105.9K +2.43K +2.4%

Financial report summary

?
Competition
DoverSymmetricomMicrosemiSpectracomKnowles
Risks
  • We are dependent on a single line of business.
  • Our operating results vary significantly from period to period.
  • A relatively small number of customers account for a significant portion of our accounts receivable, and the insolvency of any of these customers could have a material adverse impact on our liquidity.
  • Our order backlog may not be indicative of future revenues.
  • We are a holding company, and therefore are dependent upon the operations of our subsidiaries to meet our obligations.
  • Our future rate of growth and profitability are highly dependent on the development and growth of the communications, networking, aerospace, defense, instrumentation and industrial markets, which are cyclical.
  • The market share of our customers in the communications, networking, aerospace, defense, instrumentation and industrial markets may change over time, reducing the potential value of our relationships with our existing customer base.
  • We may make acquisitions that are not successful, or we may fail to integrate acquired businesses into our operations properly.
  • If we are unable to introduce innovative products, demand for our products may decrease.
  • Our markets are highly competitive, and we may lose business to larger and better-financed competitors.
  • Our success depends on our ability to retain key management and technical personnel and attracting, retaining, and training new technical personnel.
  • As a supplier to U.S. Government defense contractors, we are subject to a number of procurement regulations and other requirements and could be adversely affected by changes in regulations or any negative findings from a U.S. Government audit or investigation.
  • Our operating subsidiaries do not have available lines of credit to fund their businesses.
  • Our products are complex and may contain errors or design flaws, which could be costly to correct.
  • Communications and network infrastructure equipment manufacturers increasingly rely upon contract manufacturers, thereby diminishing our ability to sell our products directly to those equipment manufacturers.
  • Future changes in our environmental liability and compliance obligations may increase costs and decrease profitability.
  • We have significant international operations and sales to customers outside of the United States that subject us to certain business, economic and political risks.
  • We rely on information technology systems to conduct our business, and disruption, failure or security breaches of these systems could adversely affect our business and results of operations.
  • Cybersecurity risks and cyber incidents may adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential information, and/or damage to our business relationships, all of which could negatively impact our financial results.
  • In connection with the preparation of our annual financial statements for the fiscal year ended December 31, 2019, we identified a material weakness in our internal control over financial reporting. Any failure to maintain effective internal control over financial reporting could harm us.
  • We have made a significant investment in a subsidiary that is the sponsor of a blank check company commonly referred to as a special purpose acquisition company (“SPAC”), and will suffer the loss of all of our investment if the SPAC does not complete an acquisition within 2 years.
  • The price of our common stock has fluctuated considerably and is likely to remain volatile, in part due to the limited market for our common stock.
  • Our officers, directors and 10% stockholders have significant voting power and may vote their shares in a manner that is not in the best interest of other stockholders.
  • Provisions in our corporate charter documents and under Delaware law could make an acquisition of the Company, which may be beneficial to our stockholders, more difficult.
Management Discussion
  • You should read the following discussion and analysis together with our audited consolidated financial statements and the accompanying notes. This discussion contains forward-looking statements, including statements regarding our expected financial position, business and financing plans. These statements involve risks and uncertainties. Our actual results could differ materially from the results described in or implied by these forward-looking statements as a result of various factors, including those discussed below and elsewhere in this Report, particularly under the headings "Caution Concerning Forward-Looking Statements" and "Risk Factors."
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: absorb, affiliated, aggressive, amplification, Arteaga, assertion, automotive, aware, beneficiary, Bicycle, blank, block, career, carryforward, ceased, CEO, check, clarify, compensatory, confidence, consummation, County, CTS, deconsolidated, deficiency, detrimental, disease, downturn, duration, Eaton, economy, emerge, essential, evolve, exit, fabrication, fall, governmental, GP, Hendi, Hubei, Huvane, identification, inadequate, Indenture, Indian, ineffective, influence, InterEx, intermediate, IPO, jr, jurisdiction, Lazar, leadership, lockdown, magnitude, manifest, mayor, membership, museum, NASDAQ, nationwide, Nevada, notably, notwithstanding, Orange, outbreak, pandemic, par, Patrick, Performax, placement, proforma, prolonged, proportional, Province, quarantine, reconsideration, redemption, reorganize, repaid, residual, resolving, retail, Rule, scenario, scrutiny, senior, shelf, simultaneously, situated, size, son, SPAC, spent, spread, strike, strong, suffer, suffered, ticker, timeline, Timothy, trajectory, treat, treatment, turnaround, uncertain, unconsolidated, understood, undertook, unknown, unlimited, viable, VIE, VPF, widespread, world, wrongfully, Wuhan
Removed: applied, broader, building, CMs, CNB, Computershare, cumulative, depict, desired, distributed, entitle, exist, fee, improve, iv, July, LIBOR, liquid, matter, modified, necessarily, operated, outweigh, principle, promised, refine, remove, retained, retrospective, Revolver, salerno, Schedule, secured, short, simplify, unaudited, unused