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LGL LGL

The LGL Group, Inc. operates through its principal subsidiary MtronPTI which designs and manufactures customized electronic components used primarily to control the frequency or timing of electronic signals in communications systems.

Company profile

Ticker
LGL, LGL-WT
Exchange
CEO
Ivan Arteaga
Employees
Incorporated
Location
Fiscal year end
Former names
LYNCH CORP
SEC CIK
IRS number
381799862

LGL stock data

(
)

Calendar

12 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from LGL earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 18.68M 18.68M 18.68M 18.68M 18.68M 18.68M
Cash burn (monthly) (positive/no burn) (positive/no burn) 20K (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 78.23K n/a n/a n/a
Cash remaining n/a n/a 18.6M n/a n/a n/a
Runway (months of cash) n/a n/a 930.0 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Arteaga Ivan Common Stock Sale back to company Dispose D No No 0 26,250 0 18,750
29 Dec 20 Manjit Kalha Common Stock Grant Aquire A No No 0 3,500 0 16,087
29 Dec 20 Manjit Kalha Common Stock Grant Aquire A No No 0 941 0 12,587
29 Dec 20 Donald H Hunter Common Stock Grant Aquire A No No 0 5,000 0 25,248
29 Dec 20 Donald H Hunter Common Stock Grant Aquire A No No 0 1,345 0 20,248
29 Dec 20 Foufas Timothy Common Stock Grant Aquire A No No 0 5,000 0 37,275
29 Dec 20 Foufas Timothy Common Stock Grant Aquire A No No 0 1,345 0 32,275
29 Dec 20 Bel Lazar Common Stock Grant Aquire A No No 0 3,500 0 5,875
29 Dec 20 Bel Lazar Common Stock Grant Aquire A No No 0 1,345 0 2,375

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

36.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 21 16 +31.3%
Opened positions 5 0 NEW
Closed positions 0 6 EXIT
Increased positions 4 12 -66.7%
Reduced positions 5 2 +150.0%
13F shares
Current Prev Q Change
Total value 13.04M 15.12M -13.8%
Total shares 1.93M 2.11M -8.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
GBL Gamco Investors 1.08M $6.24M 0.0%
Renaissance Technologies 467.69K $3.22M -11.5%
Dimensional Fund Advisors 100.66K $1.11M -39.3%
Bridgeway Capital Management 68.4K $394K 0.0%
Vanguard 65.78K $723K -50.0%
S. Muoio & Co. 65.15K $716K 0.0%
RY Royal Bank Of Canada 17.2K $99K 0.0%
Qube Research & Technologies 14.84K $56K -24.5%
Minerva Advisors 12.9K $142K -5.6%
Koss-Olinger Consulting 11.25K $124K NEW
Largest transactions
Shares Bought/sold Change
Vanguard 65.78K -65.78K -50.0%
Dimensional Fund Advisors 100.66K -65.21K -39.3%
Renaissance Technologies 467.69K -61.02K -11.5%
Koss-Olinger Consulting 11.25K +11.25K NEW
Qube Research & Technologies 14.84K -4.81K -24.5%
Cove Street Capital 2.3K +2.3K NEW
Advisor 1.5K +1.5K NEW
Tower Research Capital 1.85K +1.24K +201.3%
Minerva Advisors 12.9K -772 -5.6%
UBS UBS Group AG - Registered Shares 341 +341 NEW

Financial report summary

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Competition
DoverMicrosemiKnowles
Risks
  • We are dependent on a single line of business.
  • Our operating results vary significantly from period to period.
  • We have a large customer that accounts for a significant portion of our revenues, and the loss of this customer, or decrease in its demand for our products, could have a material adverse effect on our results.
  • 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 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.
  • If we fail to correct any material weakness that we identify in our internal control over financial reporting or otherwise fail to maintain effective internal control over financial reporting, we may not be able to report our financial results accurately and timely, in which case our business may be harmed, investors may lose confidence in the accuracy and completeness of our financial reports and the price of our common stock may decline.
  • The ongoing effects of the COVID-19 pandemic and associated global economic disruption and uncertainty have affected, and may further affect, our business, results of operations and financial condition.
  • 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% or greater 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 more difficult, which acquisition may be beneficial to our stockholders.
  • The warrants to purchase shares of our common stock may not have any value.
  • An active trading market for the warrants to purchase shares of our common stock may not develop.
  • Holders of the warrants to purchase shares of our common stock will have no rights as a common stockholder until such holders exercise their warrants and acquire shares of our common stock.
  • Adjustments to the exercise price of the warrants, or the number of shares of common stock for which the warrants are exercisable, following certain corporate events may not fully compensate warrant holders for the value they would have received if they held the common stock underlying the warrants at the time of such events.
Management Discussion
  • We are not aware of any material trends or uncertainties, other than national economic conditions affecting our industry generally, that may reasonably be expected to have a material impact, favorable or unfavorable, on our revenues or income other than those listed below and those listed in Item 1A, Risk Factors, of our Annual Report on Form 10-K for the year ended December 31, 2020. However, due to the COVID-19 pandemic in the U.S. and globally, our business and operations have been impacted and may be further impacted, as further discussed below.
  • The global outbreak of COVID-19 was declared a pandemic by the World Health Organization and a national emergency by the U.S. government in March 2020 and has negatively impacted the U.S. and global economy, disrupted global supply chains, resulted in significant travel and transport restrictions, including mandated closures and orders to “shelter-in-place,” and created significant disruption of the financial markets.
  • As a result of the COVID-19 pandemic, the Company’s operations in India were closed on March 23, 2020 and resumed limited operations on May 7, 2020 with a reduced level of staffing. By the end of June 2020, the Company’s India facilities were fully operational; however, the recent India COVID-19 surge does present a potential risk. Post COVID-19 revenue and bookings declined; and cost saving measures were taken but certain costs continue to be incurred to preserve manufacturing capabilities at the Company’s India and Yankton plants to manage risks, maintain flexibility and support customers. Despite the decline in revenue and bookings associated with the foregoing suspension of operations in India and other COVID-19 impacts on our business, the Company does not anticipate COVID-19 having a significant ongoing impact on the Company’s future results. However, the ultimate effect on our future results could be significant and will largely depend on future developments, which are highly uncertain and cannot be predicted,
Content analysis
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Positive
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