The LGL Group, Inc. announced its financial results for the fourth quarter and full fiscal year ended December 31, 2024. For Q4 2024, total revenues increased by $162,000 to $1,157,000 compared to $995,000 in Q4 2023, with net income per diluted share rising to $0.04 from $0.02.
For the full fiscal year 2024, total revenues increased by $614,000 to $4,292,000 from $3,678,000 in 2023. Net income per diluted share for fiscal year 2024 increased to $0.08 from $0.05 in 2023, driven by higher net sales and increased net investment income.
In a strategic development, P3 Logistic Solutions, Inc., a wholly owned subsidiary of LGL Group, was selected as a partner in the Defense Advanced Research Projects Agency (DARPA) Venture Horizons program. This program aims to advance and scale breakthrough defense-related technologies, positioning P3 to collaborate with DARPA on innovative capabilities for national security and commercial impact.
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