EX-99.3
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ex993to8k8k03725_06192007.htm
sec document
Exhibit 99.3
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, 2006
(1)
As Reported Reflects Activity Pro-forma
of Lynch Systems
SALES AND REVENUES $ 49,300 $ 7,751 $ 41,549
COST OF SALES 35,747 6,445 29,302
----------- ----------- -----------
OPERATING EXPENSES 14,101 3,017 11,084
----------- ----------- -----------
OPERATING INCOME (LOSS) (548) (1,711) 1,163
INVESTMENT INCOME 1,750 (2) 1,752
INTEREST (EXPENSE) (570) (105) (465)
OTHER INCOME (EXPENSE) 7 14 (7)
1,187 (93) 1,280
----------- ----------- -----------
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES 639 (1,803) 2,442
PROVISION FOR FEDERAL INCOME TAXES 226 341 (115)
----------- ----------- -----------
NET INCOME (LOSS) $ 865 $ (1,462) $ 2,327
=========== =========== ===========
weighted average shares outstanding 2,154,702 2,154,702
Earnings Per Share $ 0.40 $ 1.08
(1) represents the elimination of the revenue and other costs associated with Lynch Systems which was sold on
June 19, 2007

EX - 99 . 3 5 ex993to8k8k03725 _ 06192007 . htm sec document Exhibit 99 . 3 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 , 2006 ( 1 ) As Reported Reflects Activity Pro - forma of Lynch Systems SALES AND REVENUES $ 49,300 $ 7,751 $ 41,549 COST OF SALES 35,747 6,445 29,302 ----------- ----------- ----------- OPERATING EXPENSES 14,101 3,017 11,084 ----------- ----------- ----------- OPERATING INCOME ( LOSS ) ( 548 ) ( 1,711 ) 1,163 INVESTMENT INCOME 1,750 ( 2 ) 1,752 INTEREST ( EXPENSE ) ( 570 ) ( 105 ) ( 465 ) OTHER INCOME ( EXPENSE ) 7 14 ( 7 ) 1,187 ( 93 ) 1,280 ----------- ----------- ----------- INCOME ( LOSS ) FROM OPERATIONS BEFORE INCOME TAXES 639 ( 1,803 ) 2,442 PROVISION FOR FEDERAL INCOME TAXES 226 341 ( 115 ) ----------- ----------- ----------- NET INCOME ( LOSS ) $ 865 $ ( 1,462 ) $ 2,327 = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = weighted average shares outstanding 2,154,702 2,154,702 Earnings Per Share $ 0.40 $ 1.08 ( 1 ) represents the elimination of the revenue and other costs associated with Lynch Systems which was sold on June 19 , 2007