LGL Group Q2 net loss widens on higher costs, stock-based compensation

LGL

14/08/2026 21:32

Overview
U.S. electronic instruments maker's Q2 revenue grew 25% yr/yr, driven by higher product shipments
Net loss for Q2 widened, mainly due to increased engineering and administrative expenses
Company completed rights offering in July, raising $41.8 mln and boosting cash to over $86 mln

Outlook
Company says most of its $3.6 mln backlog will ship in the next 90 days
LGL Group sees continued strong demand in aerospace, defense and commercial applications

Result Drivers
ELECTRONIC INSTRUMENTS SHIPMENTS - Revenue growth was mainly driven by higher product shipments in the Electronic Instruments segment as backlog orders converted to revenue
PRICING MIX IMPACTS - Gross margin declined due to changes in product and pricing mix, including volume-based pricing for a single customer with increased order volume
HIGHER OPERATING EXPENSES - Net loss widened mainly due to higher engineering, selling, and administrative expenses, including increased stock-based compensation and professional service fees

Company press release: ID:nNFCbdXjST

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss Attributable to LGL Group Common Stockholders
 
$353,000
 
Q2 Pretax Loss
 
$447,000
 

Analyst Coverage
Wall Street's median 12-month price target for LGL Group Inc is $10.00, about 32.5% above its August 13 closing price of $7.55

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Aug 11 - Astronics Q2 revenue beats estimates on aerospace demand

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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.)