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03/26/2014
1
$3B Defense and Aerospace Client Sharpens Their Focus with MtronPTI
03/25/2014
1
LGL Group, Inc. Reports Full Year and Fourth Quarter 2014 Financial Results
03/11/2014
0
MtronPTI Timing Products Help Secure Our Wireless Life
03/11/2014
0
The LGL Group, Inc. to Host an Investor Conference Call on Tuesday, March 25, 2014, at 10:00 a.m. ET
03/06/2014
0
MtronPTI Continues Strategic Investments in Timing Product Line
02/04/2014
0
MtronPTI Strengthens RF & Microwave Business through Filter Product Line Acquisition
02/03/2014
0
LGL Announces Purchase of Filter Product Line by MtronPTI
01/23/2014
0
MtronPTI Provides Critical Edge in the Electronic Battlefield
12/06/2013
0
The LGL Group, Inc. to Hold Its 2013 Annual Meeting of Stockholders on Thursday, December 12, 2013
11/21/2013
0
MtronPTI Sharpens Digital Communication Focus

The LGL Group, Inc. Reports Full Year and Q4 2013 Financial Results

ORLANDO, FL, March 24, 2014 – The LGL Group, Inc. (NYSE MKT: LGL) (the “Company”), announced results for the full year and quarter ended December 31, 2013.

2013 Full-Year and Q4 Financial Results

Total revenues for the year ended December 31, 2013, were $26.2 million, a decrease of 11.8% from revenues of $29.7 million in 2012. Net loss for the year ended December 31, 2013, was ($8.2) million, compared to ($1.3) million in 2012. Basic and diluted loss per share was ($3.17) for the year ended December 31, 2013, compared with ($0.51) for the year ended December 31, 2012. The decrease in 2013 revenues was primarily due to reduced demand and price compression in the Internet Communications Technology (“ICT”) market segment, and to a lesser degree, reduced demand from existing customers within the Aerospace and Defense (“Aero/Defense”) market segment. The competitive environment of the frequency control industry, as well as effects of the U.S. budget sequestration and related government spending uncertainty, continue to impact our business.

Full Press Release