The LGL Group (LGL) investor relations material

Executive summary

• Q3 2026 revenue rose 32.1% YoY to $1.464m; net loss attributable to common stockholders was $45k versus $772k net income a year earlier.

• Electronic Instruments backlog reached $6.463m at September 30, 2026, up from $776k a year earlier; cash and cash equivalents were $86.930m after the July rights offering.

Financial highlights

• Q3 net sales were $720k, up 8.9% YoY, while net investment income rose 68.3% to $744k; total revenue was $1.464m.

• Q3 expenses rose 45.6% to $1.439m; pretax income was $25k versus $120k, and the prior-year tax benefit did not recur.

• 9M revenue rose 25.5% to $3.702m, but expenses increased 74.1% to $4.909m; common-stockholder net loss was $1.020m versus $715k net income.

• 9M operating cash flow was $107k; cash used in investing was $2.481m, primarily for the Skyline Note investment.

Outlook and guidance

• Existing cash, marketable securities and operating cash generation were expected to fund working capital and capital expenditures for the next 12 months and foreseeable future.

• Priorities include converting backlog to shipments, developing ZuluTime, advancing acquisition opportunities and transitioning remaining MtronPTI services in Q4 2026, subject to operational and contractual steps.

• Backlog conversion depends on customer procurement, government spending, program schedules, component availability and manufacturing capacity; advance materials and staffing may increase working capital needs.

• Planned investment supports mission-critical defense, aerospace and communications applications, alongside disciplined pricing and cost management.