LGL swings to $622K Q1 loss on $688K stock comp spike; backlog surges 417% amid tariff flux

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 15, 2025 · ~1 min read

Key Changes

• high

  $4.6M cash inflow from warrant settlement in January 2026, materially strengthening balance sheet alongside 4% growth in investment portfolio to $25.9M.

  MD&A: Financing Activities verify on EDGAR →
• high

  Order backlog jumped 417% year-over-year to $1.5M, reversing prior-year decline and driving 37% revenue growth to $682K in Q1 2026.

  MD&A: Backlog & Revenue verify on EDGAR →
• high

  Q1 2026 net loss of $622K driven by $688K stock-based compensation from January officer equity grants, versus $9K in prior year—a non-recurring expense.

  MD&A: Operating Results verify on EDGAR →