EX-99.2
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ex992to8k8k03725_06192007.htm
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Exhibit 99.2
LYNCH CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF OPERATIONS (UNAUDITED)
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)
LGL GROUP, INC.
UNAUDITED PROFORMA CONSOLIDATED
CONDENSED STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2005
(1) (2)
as reported reflects activity sfas 123R Proforma
of Lynch Systems adjustment
----------- ---------------- --------- -----------
SALES AND REVENUES $ 46,183 $ 11,132 $ 35,051
COST OF SALES 31,448 6,975 24,473
----------- ----------- ----- -----------
GROSS PROFIT 14,735 4,157 10,578
SELLING, GENERAL AND ADMIN EXPENSES 13,557 3,723 340 10,174
----------- ----------- ----- -----------
OPERATING INCOME (LOSS) 1,178 434 (340) 404
INVESTMENT INCOME 608 16 592
INTEREST (EXPENSE) (847) (148) (699)
OTHER INCOME (EXPENSE) 62 (1) 63
----------- ----------- ----- -----------
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES 1,001 301 (340) 360
PROVISION FOR FEDERAL INCOME TAXES 209 (115) 324
----------- ----------- ----- -----------
NET INCOME (LOSS) 1,210 186 (340) 684
=========== =========== ===== ===========
weighted average shares outstanding 1,647,577 1,647,577
Earnings Per Share $ 0.73 $ 0.42
(1) represents the elimination of the revenue and other costs associated with Lynch Systems which was sold on
June 19, 2007
(2) represents the effect of having implemented SFAS 123R as of January 1, 2005.

EX - 99 . 2 4 ex992to8k8k03725 _ 06192007 . htm sec document Exhibit 99 . 2 LYNCH CORPORATION AND SUBSIDIARIES CONSOLIDATING STATEMENTS OF OPERATIONS ( UNAUDITED ) ( IN THOUSANDS , EXCEPT SHARE AMOUNTS ) LGL GROUP , INC . UNAUDITED PROFORMA CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS YEAR ENDED DECEMBER 31 , 2005 ( 1 ) ( 2 ) as reported reflects activity sfas 123R Proforma of Lynch Systems adjustment ----------- ---------------- --------- ----------- SALES AND REVENUES $ 46,183 $ 11,132 $ 35,051 COST OF SALES 31,448 6,975 24,473 ----------- ----------- ----- ----------- GROSS PROFIT 14,735 4,157 10,578 SELLING , GENERAL AND ADMIN EXPENSES 13,557 3,723 340 10,174 ----------- ----------- ----- ----------- OPERATING INCOME ( LOSS ) 1,178 434 ( 340 ) 404 INVESTMENT INCOME 608 16 592 INTEREST ( EXPENSE ) ( 847 ) ( 148 ) ( 699 ) OTHER INCOME ( EXPENSE ) 62 ( 1 ) 63 ----------- ----------- ----- ----------- INCOME ( LOSS ) FROM OPERATIONS BEFORE INCOME TAXES 1,001 301 ( 340 ) 360 PROVISION FOR FEDERAL INCOME TAXES 209 ( 115 ) 324 ----------- ----------- ----- ----------- NET INCOME ( LOSS ) 1,210 186 ( 340 ) 684 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = weighted average shares outstanding 1,647,577 1,647,577 Earnings Per Share $ 0.73 $ 0.42 ( 1 ) represents the elimination of the revenue and other costs associated with Lynch Systems which was sold on June 19 , 2007 ( 2 ) represents the effect of having implemented SFAS 123R as of January 1 , 2005 .
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