LGL Group ( (LGL) ) has provided an announcement.
The LGL Group reported a rise in total revenues for Q3 2024 to $1,179,000, though income from continuing operations decreased. Despite challenges like higher manufacturing costs and lower gross margins, the company showed resilience with increased net income for the year-to-date. With a significant cash reserve and a strategic focus on investment opportunities, LGL is poised for growth. The firm’s backlog also surged, signaling robust future demand.
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