The LGL Group (LGL) Swings to Q2 Profit
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The LGL Group, Inc. Reports Second Quarter 2016 Financial Results
August 10, 2016 4:25 PM EDTORLANDO, Fla.--(BUSINESS WIRE)-- The LGL Group, Inc. (NYSE MKT: LGL) (the Company), announced results for the three and six months ended June 30, 2016.
Summary of Q2 2016 Results:
Revenues of $5.2 million, down 4.4% compared to Q2 2015 Net income of $0.01 per share compared to a net loss of ($0.08) per share in Q2 2015 Order backlog improved 7.4% to $9.7 million at June 30, 2016 from $9.0 million at March 31, 2016 Adjusted EBITDA was $0.08 per share, compared to $0.07 per share for the second quarter of 2015... More