The LGL Group, Inc. announced on September 18, 2025, that its Board of Directors authorized the commencement of a share repurchase program. The company plans to repurchase $500,000 to $700,000 of its common stock, not exceeding 100,000 shares, with repurchases expected to begin this quarter.
The company also re-reported its second-quarter 2025 financial results, showing a net loss available to common stockholders of ($51,000), or ($0.01) per diluted share, compared to a net income of $137,000, or $0.02 per diluted share, in Q2 2024. Year-to-date 2025 net loss was ($57,000), compared to a net income of $158,000 in 2024, primarily due to lower net investment income.
In new business developments, LGL's P3 Logistic Solutions LLC is preparing to field test AI-driven tactical edge device prototypes on farms. These systems, adapted from U.S. Department of Defense technology, aim to provide real-time, autonomous decision-making for precision crop monitoring, smart irrigation, and asset tracking, though no material benefits are expected in 2025.
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