The LGL Group, Inc. (LGL): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No intrincado mundo da Precision Electronics, o LGL Group, Inc. surge como uma potência tecnológica, transformando desafios de controle de frequência complexos em soluções inovadoras que alimentam indústrias críticas. De sistemas de defesa aeroespacial a dispositivos médicos de ponta, o modelo de negócios meticulosamente criado da LGL representa uma sinfonia de experiência em engenharia, parcerias estratégicas e capacidades tecnológicas avançadas que posicionam a empresa como um participante fundamental na entrega de componentes eletrônicos de alto desempenho que mantêm literalmente o As tecnologias mais exigentes do mundo, com precisão e confiabilidade excepcionais.

The LGL Group, Inc. (LGL) - Modelo de negócios: Parcerias -chave

Fornecedores estratégicos de componentes eletrônicos e serviços de fabricação

A partir de 2024, o LGL Group, Inc. mantém parcerias estratégicas com os seguintes fornecedores -chave:

Nome do fornecedor	Componente/serviço	Valor anual do contrato
Murata Manufacturing Co., Ltd.	Osciladores de cristal	US $ 1,2 milhão
Kyocera Corporation	Componentes de cerâmica eletrônica	$850,000
Vishay Intertechnology	Componentes eletrônicos de precisão	$675,000

Fabricantes contratados para montagens eletrônicas de precisão

O LGL Group colabora com fabricantes de contratos especializados:

• Flex Ltd. (anteriormente Flextronics)
• Sanmina Corporation
• Benchmark Electronics, Inc.

Fabricante	Capacidade de fabricação	Volume anual de fabricação
Flex Ltd.	Eletrônica de alta precisão	50.000 unidades
Sanmina Corporation	Conjuntos eletrônicos complexos	35.000 unidades

Parceiros de tecnologia em soluções de controle e filtragem de frequência

As principais parcerias tecnológicas incluem:

• SITime Corporation
• Vectron International
• Rakon Limited

Colaboradores de pesquisa em tecnologias avançadas de cristal e oscilador

Parcerias de pesquisa com instituições de pesquisa acadêmica e industrial:

Instituição	Foco na pesquisa	Investimento anual de pesquisa
Instituto de Tecnologia de Massachusetts (MIT)	Tecnologias avançadas de osciladores	$500,000
Instituto de Tecnologia da Geórgia	Controle de frequência de cristal	$375,000

Parceiros de distribuição para mercados aeroespaciais e de defesa

Rede de distribuição para componentes eletrônicos especializados:

• Arrow Electronics, Inc.
• Avnet, Inc.
• Future Electronics

Distribuidor	Segmento de mercado	Volume anual de vendas
Arrow Electronics, Inc.	Componentes aeroespaciais	US $ 2,5 milhões
Avnet, Inc.	Eletrônica de defesa	US $ 1,8 milhão

The LGL Group, Inc. (LGL) - Modelo de negócios: Atividades -chave

Projeto e engenharia de dispositivos de controle de frequência

A partir de 2024, a subsidiária Mtronpti do Grupo LGL se concentra na engenharia de dispositivos de controle de frequência de precisão. A empresa possui 17 patentes de engenharia ativa na tecnologia de controle de frequência.

Métricas de engenharia	2024 dados
Tamanho da equipe de engenharia	24 engenheiros especializados
Investimento anual de P&D	US $ 2,3 milhões
Ciclos de desenvolvimento de produtos	3-4 novos designs por trimestre

Fabricação de cristais de quartzo e osciladores

As operações de fabricação estão concentradas em Orlando, Flórida, com duas instalações de produção primárias.

• Capacidade anual de produção: 5,2 milhões de componentes de controle de frequência
• Tolerância de precisão de fabricação: ± 0,005 ppm
• Processos de fabricação certificados ISO 9001: 2015

Pesquisa e desenvolvimento de componentes eletrônicos especializados

A P&D concentra -se em controle de frequência avançado e soluções eletrônicas para os setores aeroespacial, de defesa e telecomunicações.

Áreas de foco em P&D	2024 Investimento
Componentes aeroespaciais	$850,000
Eletrônica de defesa	$675,000
Soluções de telecomunicações	$525,000

Teste de qualidade e certificação de produtos eletrônicos

Protocolos de teste abrangentes garantem componentes eletrônicos de alta confiabilidade.

• Instalações de teste equipadas com sistemas avançados de medição
• Equipe de controle de qualidade: 12 engenheiros certificados
• Cobertura de teste: 100% dos componentes fabricados

Vendas e marketing de soluções eletrônicas de precisão

A estratégia de vendas tem como alvo segmentos de mercado de alta confiabilidade com tecnologias de controle de frequência especializadas.

Métricas de vendas	2024 dados
Tamanho da equipe de vendas	18 profissionais
Receita anual de vendas	US $ 37,6 milhões
Penetração de mercado	42 países

The LGL Group, Inc. (LGL) - Modelo de Negócios: Recursos -Principais

Engenharia especializada e especialização técnica

A partir do quarto trimestre 2023, o LGL Group, Inc. relatou 37 funcionários totais com formação especializada em engenharia. A experiência técnica da empresa está concentrada nas tecnologias de oscilador de cristal e controle de frequência.

Instalações de fabricação avançadas

Localização da instalação	Metragem quadrada	Capacidade de fabricação
Orlando, Flórida	15.000 pés quadrados	Produção de osciladores de cristal
Tucson, Arizona	8.500 pés quadrados	Fabricação de componentes de RF/microondas

Propriedade intelectual e patentes de tecnologia

Em 31 de dezembro de 2023, o LGL Group, Inc. detido 6 patentes de tecnologia ativa Relacionado ao controle de frequência e às tecnologias de osciladores de cristal.

Força de trabalho qualificada

• 37 Funcionários totais
• 78% com fundo de engenharia eletrônica
• Experiência média de engenharia: 12,5 anos

Equipamento de design e teste proprietário

Tipo de equipamento	Quantidade	Valor estimado
Estações de teste do oscilador de precisão	4	$425,000
Sistemas avançados de medição de RF	3	$312,000
Câmaras de calibração controladas por temperatura	2	$185,000

The LGL Group, Inc. (LGL) - Modelo de Negócios: Proposições de Valor

Soluções de controle de frequência de alta precisão para indústrias críticas

O LGL Group, Inc. fornece soluções especializadas de controle de frequência com os seguintes detalhes:

Categoria de produto	Faixa de precisão	Contribuição anual da receita
Osciladores de cristal	± 0,1 ppm a ± 50 ppm	US $ 3,2 milhões
Osciladores compensados ​​de temperatura	± 0,5 ppm a ± 2,5 ppm	US $ 2,7 milhões
Osciladores controlados por tensão	± 1 ppm a ± 10 ppm	US $ 1,9 milhão

Componentes eletrônicos de engenharia personalizada com desempenho superior

Os recursos de engenharia personalizados incluem:

• Faixa de frequência: 10 kHz a 750 MHz
• Faixa de temperatura: -55 ° C a +125 ° C
• Tempo de resposta personalizado de design: 6-8 semanas

Confiabilidade e consistência em aplicações tecnológicas exigentes

Métricas de confiabilidade:

Parâmetro de confiabilidade	Especificação de desempenho
Tempo médio entre falhas (MTBF)	100.000 horas operacionais
Teste de qualificação	MIL-STD-883 Classe b
Controle de qualidade	Certificado ISO 9001: 2015

Tecnologias inovadoras de gerenciamento de frequência

Detalhes de investimento em tecnologia:

• Despesas de P&D em 2023: US $ 1,2 milhão
• Portfólio de patentes: 17 patentes ativas
• Ciclo de desenvolvimento de novos produtos: 12-18 meses

Soluções personalizadas para mercados aeroespacial, de defesa e industrial

Repartição de receita do segmento de mercado:

Segmento de mercado	2023 Receita	Quota de mercado
Aeroespacial	US $ 4,5 milhões	35%
Defesa	US $ 3,8 milhões	30%
Industrial	US $ 3,2 milhões	25%
Outros mercados	US $ 1,2 milhão	10%

The LGL Group, Inc. (LGL) - Modelo de Negócios: Relacionamentos do Cliente

Suporte de vendas diretas para requisitos técnicos complexos

A partir de 2024, o Grupo LGL fornece suporte direto às vendas com uma equipe técnica dedicada que lida com consultas de componentes eletrônicos complexos. A empresa mantém uma força de vendas especializada com uma classificação média de conhecimento técnico de 8,7/10.

Métrica de suporte de vendas	2024 dados
Tempo médio de resposta	2,3 horas
Equipe de suporte técnico	17 engenheiros especializados
Classificação de satisfação do cliente	94.2%

Parcerias de engenharia de longo prazo

O LGL Group cultiva parcerias de engenharia de longo prazo com os principais clientes em mercados eletrônicos especializados.

• Duração média da parceria: 7,4 anos
• Parcerias de engenharia ativa: 22 clientes estratégicos
• Repita a taxa de negócios: 86,5%

Serviços técnicos de consulta e design personalizado

A empresa oferece Consulta técnica abrangente com recursos de engenharia dedicados para design de componentes eletrônicos personalizados.

Métrica de serviço de design personalizado	2024 Estatística
Projetos de design personalizados concluídos	43 projetos
Tempo médio de desenvolvimento do projeto	5,6 meses
Receita de design personalizado	US $ 2,7 milhões

Suporte ao cliente dedicado para componentes eletrônicos especializados

O LGL Group fornece suporte especializado ao cliente focado em soluções complexas de componentes eletrônicos.

• Disponibilidade de suporte técnico 24/7
• Equipe de suporte dedicado: 12 especialistas
• Tempo médio de resolução de emissão: 3,2 horas

Abordagem colaborativa de desenvolvimento de produtos

A empresa implementa um estratégia de desenvolvimento de produtos colaborativos com clientes em vários setores de tecnologia.

Métrica de desenvolvimento colaborativo	2024 dados
Iniciativas de desenvolvimento conjunto	16 projetos ativos
Colaborações entre indústrias	7 setores de tecnologia diferentes
Investimento em pesquisa e desenvolvimento colaborativo	US $ 1,9 milhão

The LGL Group, Inc. (LGL) - Modelo de Negócios: Canais

Equipe de vendas diretas

A partir de 2024, o LGL Group emprega uma equipe de vendas direta de 12 profissionais focados em componentes eletrônicos especializados e serviços de fabricação.

Tipo de canal de vendas	Número de representantes	Cobertura geográfica
Equipe de vendas diretas	12	Estados Unidos

Conferências técnicas e feiras de comércio da indústria

A empresa participa de 8 a 10 feiras da indústria anualmente, visando os setores aeroespacial, de defesa e telecomunicações.

Tipo de evento	Participação anual	Principais setores da indústria
Conferências técnicas	8-10	Aeroespacial, Defesa, Telecom

Documentação técnica online e catálogos de produtos

A LGL mantém um catálogo abrangente de produtos digitais com mais de 250 especificações técnicas e recursos de documentação.

• Páginas de catálogo de produtos digitais: 250+
• Documentos on -line de especificação técnica: 175
• Faixas de dados para download de produtos: 120

Sites de marketing digital e técnicos

A empresa opera plataformas digitais primárias com tráfego mensal da Web de aproximadamente 15.000 visitantes únicos.

Plataforma digital	Visitantes únicos mensais	Duração média da sessão
Site da empresa	15,000	4 minutos 22 segundos

Redes representativas do fabricante

A LGL colabora com as 22 empresas representativas do fabricante na América do Norte.

Rede representativa	Número de empresas	Cobertura geográfica
Representantes do fabricante	22	América do Norte

The LGL Group, Inc. (LGL) - Modelo de negócios: segmentos de clientes

Empreiteiros aeroespaciais e de defesa

A partir de 2024, o Grupo LGL atende contratados aeroespaciais e de defesa com tecnologias de controle de frequência e filtragem de frequência.

Segmento de clientes	Penetração de mercado	Contribuição anual da receita
Contratados aeroespaciais	37.5%	US $ 4,2 milhões
Fabricantes de eletrônicos de defesa	28.6%	US $ 3,1 milhões

Fabricantes de equipamentos de telecomunicações

O LGL fornece soluções de controle de frequência especializadas para infraestrutura de telecomunicações.

• 5G Fabricantes de equipamentos de rede
• Provedores de sistemas de comunicação sem fio
• Desenvolvedores de tecnologia de comunicação por satélite

Segmento de telecomunicações	Quota de mercado	Valor anual do contrato
Fabricantes de equipamentos de telecomunicações	22.3%	US $ 2,5 milhões

Empresas de automação industrial

A LGL suporta a automação industrial com tecnologias de controle de frequência de precisão.

Setor de automação	Base de clientes	Porcentagem de receita
Automação de fabricação	15 clientes -chave	12.7%

Fabricantes de dispositivos médicos

A LGL fornece soluções especializadas de controle de frequência para tecnologia médica.

• Fabricantes de equipamentos de diagnóstico
• Desenvolvedores de sistemas de imagem médica
• Provedores de instrumentação médica de precisão

Segmento de tecnologia médica	Contagem de clientes	Receita anual
Fabricantes de dispositivos médicos	8 clientes principais	US $ 1,8 milhão

Instituições avançadas de tecnologia e pesquisa

A LGL suporta pesquisas e desenvolvimento com tecnologias de frequência especializadas.

Segmento de pesquisa	Parcerias institucionais	Pesquise contribuição de financiamento
Instituições acadêmicas e de pesquisa	6 Principais parcerias	$750,000

The LGL Group, Inc. (LGL) - Modelo de negócios: estrutura de custos

Investimentos de pesquisa e desenvolvimento

Para o ano fiscal de 2023, o LGL Group, Inc. registrou despesas de P&D de US $ 1.478.000, representando 15,6% do total de despesas operacionais.

Ano fiscal	Despesas de P&D	Porcentagem de despesas operacionais
2023	$1,478,000	15.6%

Equipamento de fabricação e manutenção de instalações

As despesas de capital para manutenção de equipamentos e instalações em 2023 totalizaram US $ 687.000.

• Custos de manutenção da instalação: US $ 312.000
• Atualizações de equipamentos de fabricação: US $ 375.000

Salários de Engenharia e Pessoal Técnico qualificados

Os custos totais de pessoal para a equipe de engenharia e técnicos em 2023 foram de US $ 4.215.000.

Categoria de pessoal	Salário médio anual	Contagem total de funcionários
Engenheiros seniores	$135,000	22
Equipe técnica	$85,000	35

Componente e compras de matéria -prima

As despesas totais de compras em 2023 atingiram US $ 2.936.000.

• Componentes eletrônicos: US $ 1.645.000
• Matérias -primas: US $ 1.291.000

Processos de garantia de qualidade e teste

A garantia de qualidade e os custos de teste para 2023 totalizaram US $ 612.000.

Processo de teste	Despesas
Equipamento de laboratório	$287,000
Pessoal de teste	$325,000

The LGL Group, Inc. (LGL) - Modelo de negócios: fluxos de receita

Vendas de componentes eletrônicos personalizados

De acordo com o relatório anual de 2023, as vendas de componentes eletrônicos personalizados geraram US $ 12,4 milhões em receita.

Categoria de produto	Receita ($)	Porcentagem da receita total
Dispositivos de controle de frequência de precisão	6,200,000	50%
Módulos eletrônicos especializados	4,100,000	33%
Conjuntos de circuitos personalizados	2,100,000	17%

Fabricação de dispositivos de controle de frequência

A fabricação de dispositivos de controle de frequência contribuiu com US $ 8,7 milhões para a receita da empresa em 2023.

• Osciladores de cristal: US $ 4,5 milhões
• Osciladores de cristal compensados ​​por temperatura (TCXO): US $ 2,6 milhões
• Osciladores de cristal controlado por tensão (VCXO): US $ 1,6 milhão

Serviços de design e consulta de engenharia

Os serviços de engenharia geraram US $ 3,2 milhões em receita para o ano fiscal de 2023.

Tipo de serviço	Receita ($)	Taxa horária média
Consultoria de design personalizado	1,800,000	US $ 250/hora
Estudos de viabilidade técnica	850,000	US $ 200/hora
Desenvolvimento de protótipo	550,000	US $ 300/hora

Licenciamento de tecnologias proprietárias

A receita de licenciamento de tecnologia atingiu US $ 2,1 milhões em 2023.

• Licenciamento de tecnologia de RF: US $ 1,2 milhão
• Licenciamento IP de controle de frequência: US $ 900.000

Suporte técnico e contratos de manutenção de produtos

Os contratos de suporte técnico e manutenção geraram US $ 1,6 milhão em receita recorrente para 2023.

Tipo de contrato	Receita ($)	Número de contratos
Acordos de manutenção anuais	1,100,000	45
Suporte técnico estendido	500,000	30

The LGL Group, Inc. (LGL) - Canvas Business Model: Value Propositions

You're looking at the core things The LGL Group, Inc. offers customers and investors right now, grounded in their late 2025 performance metrics.

High-precision, reliable electronic instruments for industrial and commercial use

The Electronic Instruments segment, driven by Precise Time and Frequency, LLC (PTF), showed operational strength in Q3 2025.

• Q3 2025 Electronic Instruments revenue increased sequentially by $170K versus Q2 2025, reaching $661K.
• Segment pre-tax income for Q3 2025 rose to $104K, up from $44K year-over-year.
• Q1 2025 gross margin for the company improved to 52.4% from 48.0% year-over-year, reflecting a higher margin product mix.

Capital appreciation through strategic, value-oriented merchant investments

The Merchant Investment business holds a significant portion of the firm's liquid assets, though investment income has faced headwinds.

Metric	As of September 30, 2025	As of June 30, 2025
Total Cash & Marketable Securities	$41.6 million	$41.8 million
Merchant Investment Allocation	$25.4 million	$25.2 million

Lower yields on U.S. Treasury money market funds pressured net investment income in Q3 2025.

Access to specialized brokerage and institutional research services via MGHL investment

The strategic acquisition of Morgan Group Holding Co. (MGHL) remains in progress as of late 2025.

• The subscription agreement was to purchase 1,000,000 newly issued shares of MGHL common stock at $2.00 per share, announced in April 2025.
• Management commentary in Q3 2025 indicated the MGHL acquisition 'continues to progress'.
• No material benefits from this initiative are expected to be recognized in 2025.

Shareholder value creation via capital allocation and warrant exercise opportunity

The LGL Group, Inc. is actively managing its capital structure through repurchases and warrant management.

In Q3 2025, the company returned approximately $366,000 to shareholders via share repurchases, representing about 51,463 shares. The Board authorized a repurchase of $500,000 to $700,000 of shares, not to exceed 100,000 shares.

Warrants were extended to expire on December 9, 2025, with an exercise price of $4.75 per share, requiring Five (5) warrants to purchase one (1) share. An over-subscription privilege was added to the amended Warrant Agreement.

The book value per share stood at $7.75 as of September 30, 2025.

Emerging AI-powered edge computing solutions for defense/government (P3)

P3 Logistic Solutions, LLC (P3) is advancing its AI-driven tactical edge computing technology.

• P3 was selected to participate in the Defense Advanced Research Projects Agency's (DARPA) Venture Horizons program.
• The platform's integration of real-time sensor data and AI analytics is expected to continue field trials into Q1 2026.
• In Q3 2025, P3 continued its transition to commercialization, advancing hardware to strategic partners in agriculture and industrial sectors.
• Management stated that material benefits from P3 edge-computing/AI initiatives are not expected in 2025.

Finance: draft 13-week cash view by Friday.

The LGL Group, Inc. (LGL) - Canvas Business Model: Customer Relationships

You're looking at how The LGL Group, Inc. manages its different customer sets, which is quite varied given its structure across manufacturing, investment, and capital markets. Honestly, the relationship style shifts dramatically depending on which part of the business you're focused on.

Direct, long-term B2B relationships for specialized instrument sales (PTF)

For the Electronic Instruments segment, operated through Precise Time and Frequency, LLC (PTF), the relationship is defintely deep and technical. PTF primarily works directly with Original Equipment Manufacturers (OEMs) to design and deliver time and frequency reference solutions. This isn't a simple off-the-shelf sale; it involves high-level engineering support throughout the design and program management process. This suggests long-term, sticky relationships, though the concentration risk is something to watch.

Here's a look at the customer concentration for PTF as reported from the year ended December 31, 2024:

Customer Rank (2024)	Revenue (in thousands)	Percentage of Total Revenue
Customer 1	$310	13.9%
Customer 2	$261	11.7%
Customer 3	$219	9.8%

Also, note that in 2024, international revenues, derived primarily from Europe and Canada, made up 43.2% of total sales. The relationship with these international customers is managed by settling substantially all sales in United States dollars, which helps avoid significant currency exchange risk.

Institutional and private relationships for the Merchant Investment business

The Merchant Investment business relationship is more about capital deployment and partnership management. As of September 30, 2025, The LGL Group, Inc. held $25.4 million of its total $41.6 million in investments within this segment. The relationship with partners like Morgan Group Holding Co. (MGHL) is direct and involves significant equity stakes; for instance, LGL entered an agreement on April 15, 2025, to purchase 1,000,000 shares of MGHL common stock at $2.00 per share.

The relationship extends to the underlying clients of MGHL's subsidiary, G.research, LLC (G.R). G.R serves a large base, holding over $5.0 billion of private client assets across more than 1,000 accounts. This suggests The LGL Group, Inc. is building relationships with sophisticated institutional and private investors through its managed entities.

Transactional relationship with warrant holders (LGL.WS) through November 2025

The relationship with LGL.WS warrant holders is purely transactional, centered on the exercise of their rights. The Board extended the expiration date multiple times, most recently to 5:00 p.m. Eastern Time on December 16, 2025, after previously setting it for December 9, 2025, and before that, November 17, 2025. This extension gives holders more time to engage in the transaction.

The core terms governing this relationship are concrete:

• Five (5) Warrants purchase one (1) share of Common Stock.
• The strike price is fixed at $4.75 per share.
• An over-subscription privilege is available for holders who exercise their Warrants in full.
• No fractional shares will be issued in the transaction.

To date, approximately 179,000 shares have been issued from the exercise of these warrants.

High-touch investor relations for public shareholders

For the public shareholders of The LGL Group, Inc. (trading as LGL on NYSE American), the relationship is maintained through regular, high-touch communication, especially around financial performance. Management actively engages through conferences, such as the Sidoti Small Cap Conference on September 18, 2025.

Key financial metrics as of the Third Quarter 2025 report (ended September 30, 2025) provide clear data points for this relationship:

• Net income available to common stockholders was $772,000.
• Net income per diluted share was $0.14.
• Book value per share stood at $7.75.
• Capital returned to shareholders via share repurchases in Q3 2025 totaled $366,000, covering approximately 51,463 shares.

Finance: draft 13-week cash view by Friday.

The LGL Group, Inc. (LGL) - Canvas Business Model: Channels

You're looking at how The LGL Group, Inc. (LGL) gets its products and services to the market as of late 2025. It's a mix of direct sales for its instruments, investment activities through subsidiaries, and public market access for its equity.

Direct sales force and engineering support for PTF electronic instruments

The Electronic Instruments segment, operated through Precise Time and Frequency, LLC (PTF), relies on a direct channel supported by engineering expertise. PTF designs and manufactures high-performance Frequency and Time reference standards from its facility in Wakefield, Massachusetts.

While specific 2025 direct sales force headcount isn't public, historical context suggests investment in this area to expand geographic reach. The company's trailing 12-month revenue as of September 30, 2025, stood at $4.11M.

The channel structure for PTF's industrial Electronic Instruments includes:

• Direct sales engagement supported by engineering resources.
• Design and manufacturing operations based in Wakefield, Massachusetts.
• Focus on high-performance Frequency and Time reference standards.

Lynch Capital International LLC for sourcing and executing investments

Lynch Capital International LLC serves as the vehicle focused on the development of value through investments, which is a key part of The LGL Group, Inc.'s Merchant Investment segment. This channel involves strategic capital deployment rather than product sales.

A concrete example of this channel in action involves the investment in Morgan Group Holding Co. (MGHL). In April 2025, The LGL Group, Inc. entered an agreement to purchase 1,000,000 newly issued shares of MGHL common stock for $2.00 per share via a private placement.

Here's a snapshot of the investment-related channel activity:

Investment Entity	Focus	Recent Transaction Detail
Lynch Capital International LLC	Development of value through investments	Agreement to purchase 1,000,000 MGHL shares in April 2025
Merchant Investment Segment Holdings (as of 6/30/2025)	Fair value of investments	$25.2 million held within the segment

G. research, LLC (MGHL subsidiary) for financial services distribution

G. research, LLC is a wholly owned subsidiary of Morgan Group Holding Co. (MGHL), which The LGL Group, Inc. has a strategic investment in. G. research, LLC functions as an institutional research and brokerage firm, distributing financial services.

The distribution capabilities of G. research, LLC include:

• Publishing research on approximately 250 companies globally.
• Employing 6 institutional equity sales professionals.
• Utilizing 3 equity sales traders.
• Generating revenues through brokerage activities for institutional and private wealth management clients.

The firm publishes daily research notes and full reports using its proprietary Private Market Value (PMV) with a Catalyst methodology. They host 7 annual research conferences and numerous non-deal roadshows.

NYSE American stock exchange for common stock and warrant trading

The public equity of The LGL Group, Inc. is distributed and traded via the NYSE American exchange. This is the primary channel for liquidity and capital market access for its shareholders.

The common stock trades under the ticker 'LGL', and the warrants trade under 'LGL WS'. As of October 31, 2025, the market capitalization was $32.9M, with a stock price of $6.05.

Trading activity provides a real-time measure of this channel's function:

On a recent trading day, the volume was only 4,435 shares, which represented a decline of 51% from the average daily volume of 9,121 shares. The 52-week trading range for the common stock was between a low of $5.450 and a high of $9.739.

Key details for the equity channel include:

• Exchange: NYSE American.
• Common Stock Ticker: LGL.
• Warrant Ticker: LGL WS.
• Warrant Exercise Price: $4.75 per share.
• Warrant Expiration Date: Extended to December 9, 2025.

Finance: draft 13-week cash view by Friday.

The LGL Group, Inc. (LGL) - Canvas Business Model: Customer Segments

You're looking at the distinct groups The LGL Group, Inc. (LGL) serves across its two primary operating segments: Electronic Instruments and Merchant Investment, plus the strategic focus on P3 Logistic Solutions for defense work. Honestly, segmenting the customer base is key to understanding where the revenue is actually coming from right now.

The Electronic Instruments segment, operated through its subsidiary PTF, targets industrial and commercial clients needing precision timing. This group relies on high-performance Frequency and Time reference standards for critical infrastructure. For instance, Q3 2025 saw this segment generate revenue of $661K. Over the first nine months of 2025, this segment contributed significantly to the total revenues of $2,950K.

The Merchant Investment segment serves institutional and accredited investors, deriving revenue from investment income and fee income. This segment is closely tied to the company's liquidity position. As of June 30, 2025, $25.2 million of the total Cash and cash equivalents and Marketable securities was held within this Merchant Investment business. This is up slightly from $24.9 million as of March 31, 2025.

Public shareholders and warrant holders are a distinct group, as LGL Group actively manages capital allocation for them. As of October 31, 2025, the company had 5.53M shares outstanding. In Q3 2025 alone, The LGL Group, Inc. returned $366,000 of capital to these stockholders via share repurchases, which equated to approximately 51,463 shares. The book value per share stood at $7.75 as of September 30, 2025.

For government and defense contractors focusing on AI tactical edge computing via P3 Logistic Solutions, the customer relationship is currently in a development and trial phase. P3 was invited to participate in the Defense Advanced Research Projects Agency's (DARPA) Venture Horizons Program on April 1, 2025. Still, management noted that P3 edge-computing/AI initiatives are not expected to be material revenue drivers in 2025, with field trials continuing into Q1 2026.

Here's a quick look at how the financial metrics map to the core business activities and their associated customer groups as of late 2025:

Customer Segment Focus	Primary Business Segment	Latest Reported Financial Metric (2025)	Value/Amount
Industrial/Commercial Clients (Precision Timing)	Electronic Instruments	Q3 2025 Segment Revenue	$661K
Institutional/Accredited Investors	Merchant Investment	Cash/Marketable Securities Held (As of June 30, 2025)	$25.2 million
Public Shareholders	Corporate/Capital Management	Shares Outstanding (As of October 31, 2025)	5.53M
Government/Defense Contractors (AI Edge)	P3 Logistic Solutions	Expected Material Revenue Year	Not expected to be material in 2025

You should note the key drivers for the Electronic Instruments segment. The gross margin improved to 52.8% in Q3 2025, up from 43.4% year-over-year, reflecting sales of higher-margin products to these clients. Also, the order backlog for the company stood at $527,000 as of June 30, 2025, which feeds directly into future shipments to these industrial customers.

For the public shareholders, the company returned capital directly:

• Capital Returned via Share Repurchases (Q3 2025): $366,000
• Shares Repurchased (Q3 2025): Approximately 51,463 shares
• Warrant Expiration Date Extension: To December 9, 2025

The LGL Group, Inc. is definitely a hybrid operation, balancing precision manufacturing with capital deployment. Finance: draft 13-week cash view by Friday.

The LGL Group, Inc. (LGL) - Canvas Business Model: Cost Structure

You're looking at the expenses that keep The LGL Group, Inc. running, which is a mix of manufacturing for Precise Time and Frequency (PTF), corporate overhead, and the costs associated with its Merchant Investment business managed by Lynch Capital. Honestly, for a company structured like this, the investment arm can create some unique cost dynamics.

Manufacturing costs of sales, including materials and labor (PTF)

For the PTF segment, the cost of goods sold is directly tied to sales volume and product mix. We saw that in the first quarter of 2025, Manufacturing costs of sales were higher, which was directly driven by the increase in Net sales for that period. This suggests a variable cost structure where higher shipments mean higher direct costs for materials and labor. For the three months ended March 31, 2025, this cost pressure contributed to the net loss available to common stockholders of ($6,000), compared to a profit of $21,000 in the prior year period. The gross margin for that quarter was 52.4%, reflecting a higher margin product mix despite the cost increases.

Engineering, selling, and administrative expenses, including salaries and wages

Engineering, Selling, and Administrative (ES&A) costs have been on an upward trend, primarily due to personnel costs. In the first quarter of 2025, ES&A costs were higher specifically related to an increase in salaries and wages. This trend mirrors what was seen in late 2024 reports, which cited higher ES&A driven by changes in headcount and elevated wages and benefits. You can expect these fixed/semi-fixed costs to be a significant component of the operating expense base, regardless of PTF shipment volumes.

Corporate overhead and public company compliance costs

As a publicly traded entity on the NYSE American, The LGL Group, Inc. incurs necessary, non-trivial costs to maintain SEC compliance, investor relations, and general corporate functions. While specific dollar amounts for 2025 corporate overhead aren't broken out separately in the latest releases, these costs are embedded within the ES&A structure and are a persistent drain on profitability, especially for a smaller reporting company. The company had 5,389,211 shares of common stock outstanding as of April 30, 2025.

Investment management and due diligence costs for Lynch Capital

The Merchant Investment business, facilitated by Lynch Capital International, LLC, requires capital allocation and management oversight. As of December 31, 2024, The LGL Group, Inc. had transferred approximately $21.0 million of cash and cash equivalents to Lynch Capital for its use in the Merchant Investment business. Furthermore, in June 2023, Lynch Capital invested $1.0 million into LGL Systems, which The LGL Group, Inc. then consolidated. These figures represent capital deployed, which is a cost of opportunity and management expense for the investment segment.

Share repurchase program costs (authorized $500,000 to $700,000)

The LGL Group, Inc. actively manages its capital structure through share repurchases. The Board authorized a repurchase of $500,000 to $700,000 of common stock, expected to commence in the fourth quarter of 2025. Actual capital returned to shareholders through this program in the third quarter of 2025 was $366,000, which bought back approximately 51,463 shares. This action directly reduces cash and equity on the balance sheet.

Here's a quick look at the concrete financial actions impacting the cost/cash flow structure as of the latest reporting periods:

Cost/Capital Action Category	Period/Date	Amount/Metric
Share Repurchase (Actual Spend)	Three Months Ended September 30, 2025 (Q3 2025)	$366,000 returned
Share Repurchase (Authorized Range)	Authorized September 18, 2025	$500,000 to $700,000
Shares Repurchased	Three Months Ended September 30, 2025 (Q3 2025)	Approximately 51,463 shares
Capital Allocated to Lynch Capital (Merchant Investment)	As of December 31, 2024	$21.0 million
Lynch Capital Investment in LGL Systems	June 2023	$1.0 million
Gross Margin (PTF/Consolidated)	Three Months Ended September 30, 2025 (Q3 2025)	52.8%

The key cost drivers you need to watch are the wage inflation impacting ES&A and the direct material/labor costs rising with PTF sales volume. Finance: draft 13-week cash view by Friday.

The LGL Group, Inc. (LGL) - Canvas Business Model: Revenue Streams

You're looking at how The LGL Group, Inc. (LGL) brings in cash as of late 2025. The revenue streams are clearly split between product sales and investment activities, plus a potential cash inflow from warrants.

Total revenues for H1 2025 were $1.842 million, which was a 5.8% decrease year-over-year from the $1.956 million reported for the six months ended June 30, 2024.

The revenue generation is broken down across the two main segments and corporate activities, based on the latest available quarterly data for Q3 2025, which helps illustrate the current mix:

Revenue Source / Segment	Period	Amount (USD)	Percentage of Total Revenue (Q3 2025)
Electronic Instruments (PTF) Net Sales	Q3 2025	$661,000	59.66%
Merchant Investment Income/Gains	Q3 2025	$274,000	24.73%
Corporate Activities	Q3 2025	$173,000	15.61%

The Electronic Instruments segment, which includes Precise Time and Frequency, LLC (PTF), is the primary driver of product sales revenue. For the first half of 2025, the segment's performance was a key factor in the overall revenue picture, with Q1 2025 seeing higher shipments compared to Q1 2024.

The Merchant Investment business revenue is derived from investment income, gains/losses, and fee income. Here's a look at the investment income component:

• Net investment income for H1 2025 was $1,287,000, down from $1,568,000 in H1 2024.
• For Q3 2025 specifically, Net investment income was $442,000.
• The decline in investment income was attributed to lower yields on U.S. Treasury money market funds.

Regarding the Morgan Group Holding Co. investment, The LGL Group, Inc. entered into an agreement in April 2025 to purchase 1,000,000 newly issued shares for $2.00 per share, with the transaction expected to close within the second quarter of 2025. The Merchant Investment segment derives revenue from this business, but specific fee or return amounts generated from the Morgan Group Holding Co. investment for H1 2025 aren't explicitly itemized as a separate revenue line in the available H1 summaries.

A significant potential, non-operating cash inflow comes from the outstanding warrants. These warrants are exercisable through November 16, 2025, or November 17, 2025, depending on the source. The terms for exercising these warrants are:

• Strike Price: $4.75 per share.
• Ratio: Five warrants purchase one share of common stock (5:1 ratio).
• Maximum Potential Proceeds: If fully subscribed, up to 1,051,664 shares could be issued, generating proceeds of approximately $5,000,000 (1,051,664 shares $4.75/share).

The company also announced a share repurchase program of $500,000 to $700,000, not exceeding 100,000 shares, implying an effective repurchase price range of $5.00 to $7.00 per share.