The LGL Group, Inc. (NYSE MKT:LGL) (the “Company”), announced results for the three and nine months ended September 30, 2013.
Total revenues for the quarter ended September 30, 2013, were approximately $6,098,000, a decrease of 16.5% compared to revenues of $7,307,000 for the same period in 2012. The Company reported a net loss of ($1,199,000), or ($0.46) per share, for the quarter ended September 30, 2013, compared with a net loss of ($314,000), or ($0.12) per share, for the same period in 2012. The increase in net loss is primarily attributed to the decline in revenues.
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