The LGL Group, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2019
February 21, 2020 at 01:12 pm
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The LGL Group, Inc. provided revenue guidance for the fourth quarter and full year of 2019. Revenues for the fourth quarter of 2019 are expected to be approximately $8.8 million vs. $6.4 million reported for the fourth quarter of 2018, and up slightly from revenues of $8.6 million reported in the third quarter of 2019.
Annual Revenues for 2019 are expected to be approximately $31.9 million vs. $24.9 million reported for 2018, an increase of $7.0 million, or 28%.
The LGL Group, Inc. is a holding company engaged in services, merchant investment and manufacturing business activities. The Company, through its subsidiary, Precise Time and Frequency, LLC (PTF), produces industrial electronic instruments and commercial products and services. PTF operates from its design and manufacturing facility in Wakefield, Massachusetts. It operates through two segments: Electronic Instruments and Merchant Investment. The Electronic Instruments segment operates through PTF, which is engaged in the design of frequency and time reference standards that form the basis for timing and synchronization in various applications, including satellite communication, time transfer systems, network synchronization, electricity distribution and metrology. The Merchant Investment segment consists of various investment vehicles in which the Company has a shareholder, partner, or general partner interest, and through which LGL Group invests its capital.
THE LGL GROUP, INC. 
