LGL Group reports Q1 EPS 3c, one estimate 6c

Reports Q1 revenue $441,000, one estimate $600,000. “LGL started 2023 with $38.1M in cash and marketable securities. While these assets generate income from US Treasuries and cash equivalent money markets, we are executing on efforts for growth and value creation of these corporate assets,” stated Michael Ferrantino the Company’s Co-CEO. Marc Gabelli, Chairman and Co-CEO asserts, “In context, LGL shareholders should benefit from dislocations in traditional bank lending and public markets in general.”