LGL Group's Q1 revenue rises 18%, net loss widens

LGL

11/05/2026 21:58

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

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)