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Note 17 - Quarterly Financial Data (Unaudited) - Schedule of Quarterly Financial Data (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Net sales $ 653 $ 650 $ 531 $ 392 $ 446 $ 438 $ 403 $ 441 $ 2,226 $ 1,728
Interest revenue (a) 503 531 538 499 549 544 275 198 2,070 [1] 1,566 [1]
Net (losses) gains 1 [2] (2) [2] (1) [2] (3) [2] 0 [2] (4) [2] 43 [2] 345 [2] (5) 384
Total revenues 1,157 1,179 1,068 888 995 978 721 984 4,292 3,678
Manufacturing cost of sales 261 368 214 204 201 195 208 192 1,047 796
Engineering, selling and administrative 651 673 617 605 465 584 645 542 2,546 2,236
Total expenses 912 1,041 831 809 666 779 853 734 3,593 3,032
Income from continuing operations before income tax expense 245 138 237 79 329 199 (132) 250 699 646
Income tax expense 17 48 76 36 169 69 (2) 65 177 301
Net income from continuing operations 228 90 161 43 160 [3] 130 [3] (130) [3] 185 [3] 522 345
Loss from discontinued operations, net of tax 0 0 0 0 0 0 0 (28) 0 (28)
Net income 228 90 161 43 160 130 (130) 157 522 317
Less: Net income attributable to non-controlling interests 26 18 24 22 26 22 0 0 90 48
Net income attributable to LGL Group common stockholders $ 202 $ 72 $ 137 $ 21 $ 134 $ 108 $ (130) $ 157 $ 432 $ 269
Income from continuing operations (in dollars per share) $ 0.04 [3] $ 0.01 [3] $ 0.03 [3] $ 0 [3] $ 0.03 [3] $ 0.02 [3] $ (0.02) [3] $ 0.03 [3] $ 0.08 $ 0.06
(Loss) income from discontinued operations (in dollars per share) 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] (0.01) [3] 0 (0.01)
Net income attributable to LGL Group common stockholders (in dollars per share) 0.04 [3] 0.01 [3] 0.03 [3] 0 [3] 0.03 [3] 0.02 [3] (0.02) [3] 0.03 [3] 0.08 0.05
Income from continuing operations (in dollars per share) 0.04 [3] 0.01 [3] 0.02 [3] 0 [3] 0.02 [3] 0.02 [3] (0.02) [3] 0.03 [3] 0.08 0.06
(Loss) income from discontinued operations (in dollars per share) 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] 0 [3] (0.01) [3] 0 (0.01)
Net income attributable to LGL Group common stockholders (in dollars per share) $ 0.04 [3] $ 0.01 [3] $ 0.02 [3] $ 0 [3] $ 0.02 [3] $ 0.02 [3] $ (0.02) [3] $ 0.03 [3] $ 0.08 $ 0.05
Weighted average common shares outstanding - basic (in shares) 5,352,937 5,352,937 5,352,937 5,352,937 5,352,937 5,352,937 5,352,937 5,352,937 5,352,937 5,352,937
Diluted (in shares) 5,577,062 5,531,969 5,482,543 5,604,430 5,381,685 5,355,006 5,352,937 5,352,937 5,553,823 [4] 5,352,937 [4]
Income from continuing operations $ 228 $ 90 $ 161 $ 43 $ 160 [3] $ 130 [3] $ (130) [3] $ 185 [3] $ 522 $ 345
[1] Interest revenue is included in Net investment income on the Consolidated Statements of Operations.
[2] During Q1 and Q2 2023, the net gains primarily relate to the sale of our investments in mutual funds managed by GAMCO Investors, Inc.
[3] Basic and diluted earnings per share are calculated using actual, unrounded amounts. Therefore, (i) the components of earnings per share may not sum to its corresponding total or (ii) the quarterly earnings per share may not sum to the earnings per share on the Consolidated Statements of Operations.
[4] For the year ended December 31, 2023, weighted average shares used for calculating earnings per share excludes warrants to purchase 1,051,664 shares of common stock as well as 20,117 shares from restricted stock awards as the inclusion of these instruments would be antidilutive to the earnings per share calculation. For more information on the warrants and restricted stock, refer to Note 10 - Stockholders' Equity and Note 9 - Stock-Based Compensation, respectively, to these Consolidated Financial Statements.