LGL Group's Q1 revenue rises 18%, net loss widens
Overview
US holding company's Q1 revenue rose 18% yr/yr on higher Electronic Instruments shipments
Net loss widened sharply, driven by stock-based compensation and higher material costs
Order backlog jumped 144% from year-end, signaling increased demand
Outlook
Company did not provide specific financial guidance for future periods
Result Drivers
ELECTRONIC INSTRUMENTS SHIPMENTS - Revenue growth was mainly due to higher shipments in the Electronic Instruments segment
STOCK-BASED COMPENSATION - Net loss widened primarily due to non-cash incentive stock-based compensation granted to officers in January 2026
HIGHER MATERIAL COSTS - Gross margin declined due to higher costs of materials and components
Company press release: ID:nNFCbN1ngF
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Net Income |
| -$622,000 |
|
Q1 Pretax Profit |
| -$785,000 |
|
Analyst Coverage
Wall Street's median 12-month price target for LGL Group Inc is $10.00, about 39.7% above its May 11 closing price of $7.16
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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