The LGL Group (LGL) Reports Q2 Loss of $0.07/Share
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The LGL Group, Inc. Reports Third Quarter 2015 Financial Results
November 12, 2015 7:46 AM ESTORLANDO, Fla.--(BUSINESS WIRE)-- The LGL Group, Inc. (NYSE MKT: LGL) (the Company), announced results for the three and nine months ended September 30, 2015.
Summary of Q3 2015 Results:
Revenues of $4.8 million, a decrease of 14.1% compared to Q3 2014 Gross margin of 33.1% Net loss of ($0.07) per share vs. ($0.19) per share in Q3 2014 Adjusted EBITDA of $0.1 million, a year-over-year improvement of $0.3 million Backlog remains consistent at $8.8 million at 9/30/2015 vs. $8.9 million at 6/30/2015... More
