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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.
For detailed information about LGL stock, go to TipRanks’ Stock Analysis page.