The massive swing to a loss on a one-time stock compensation charge creates headline risk, but the underlying Electronic Instruments segment revenue grew 36.9% and backlog surged 144%. Watch the Investor Day on May 12 for clarity on whether the comp charge is truly non-recurring and for guidance on operating expense trajectory.
Price Chart
Executive Summary
LGL Group reported Q1 2026 revenue of $1.085M (+18.2% YoY), but swung to a net loss of ($622K) vs ($6K) in Q1 2025, driven by $896K of non-cash stock-based compensation and higher costs. The headline loss per share of ($0.10) was a significant miss vs the $0.01 consensus, making this a bearish earnings surprise despite the revenue growth.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $1.085M, up 18.2% YoY from $918K
- Net loss attributable to common stockholders ($622K) vs ($6K) in Q1 2025
- GAAP diluted EPS ($0.10) vs ($0.00) in Q1 2025, missing $0.01 consensus
- Engineering, selling & administrative expenses surged to $1.536M from $640K, driven by $896K non-cash stock-based compensation
- Operating loss before taxes ($785K) vs income of $41K in Q1 2025
- Backlog grew 144% to $1.525M from $625K at Dec 31, 2025
- Cash and marketable securities $46.7M vs $41.6M at Dec 31, 2025
- Book value per share declined to $6.81 from $7.04 at Dec 31, 2025
Financial Impact
Net loss of ($622K) vs ($6K) in prior year; EPS miss of ($0.10) vs $0.01 consensus
Risk Factors
- Non-cash stock compensation may recur if additional grants are made
- Merchant Investment segment revenue declined 9.7% YoY, continuing a trend
- Gross margin contracted 140bps to 51.0% due to higher materials costs
- Book value per share declining for three consecutive quarters
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-016145 |
| Document: lglg20260316_8k.htm | 0001437749-26-016145 |
| Document: 0001437749-26-016145-index-headers.html | 0001437749-26-016145 |
| Document: 0001437749-26-016145-index.html | 0001437749-26-016145 |
| Document: 0001437749-26-016145.txt | 0001437749-26-016145 |
| 8-K Data (Synthetic) | 0001437749-26-016145 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | 8-K | $6.90 | awaiting T+60 | — | $6.75 (−2.17%) |
Jul 24, 2026 13w ago | 8-K | $6.75 $6.62 | ▼ −1.93% | ▼ −5.63% | $6.75 (0.00%) |
Jun 26, 2026 17w ago | 8-K | $6.98 $7.25 | ▲ +3.87% | ▼ −0.52% | $6.75 (−3.30%) |
Jun 17, 2026 18w ago | 8-K | $6.90 $6.77 | ▼ −1.88% | ▼ −3.78% | $6.75 (−2.17%) |
Jun 17, 2026 18w ago | 8-K | $6.90 $6.77 | ▼ −1.88% | ▼ −3.78% | $6.75 (−2.17%) |
May 29, 2026 21w ago | EFFECT | $7.12 $7.51 | ▲ +5.48% | ▲ +4.29% | $6.75 (−5.20%) |
May 22, 2026 22w ago | S-1/A | $7.09 $7.50 | ▲ +5.78% | ▲ +3.06% | $6.75 (−4.80%) |
May 22, 2026 22w ago | 8-K | $7.09 $7.50 | ▼ −5.78% | ▼ −3.06% | $6.75 (+4.80%) |
May 15, 2026 23w ago | S-1 | $7.00 $7.25 | ▲ +3.57% | ▼ −0.94% | $6.75 (−3.57%) |
May 14, 2026 23w ago | 8-K | $7.00 $7.25 | ▲ +3.57% | ▼ −0.94% | $6.75 (−3.57%) |
US Market Status
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