EX-99.1
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ex991to8k8k03725_06192007.htm
sec document
Exhibit 99.1
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, 2004
(1)
as reported Reflects Activity Proforma
of Lynch Systems
--------------------------------------------
SALES AND REVENUES $ 33,834 $ 10,421 $ 23,413
COST OF SALES 25,784 8,677 17,107
----------- ----------- -----------
GROSS PROFIT 8,050 1,744 9,194
SELLING, GENERAL AND ADMIN EXPENSES 10,938 3,334 7,604
----------- ----------- -----------
OPERATING INCOME (LOSS) (2,888) (1,590) 1,590
INVESTMENT INCOME 15 (2) 17
INTEREST (EXPENSE) (360) (92) (268)
OTHER INCOME (EXPENSE) 7 12 (5)
----------- ----------- -----------
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES (3,226) (1,672) (1,554)
PROVISION FOR FEDERAL INCOME TAXES (100) 635 (735)
----------- ----------- -----------
NET INCOME (LOSS) (3,326) (1,037) (2,289)
=========== =========== ===========
basic and diluted weighted average shares outstanding 1,524,863 1,524,863
Earnings Per Share ($2.18) ($1.50)
(1) represents the elimination of the revenue and other costs associated with Lynch Systems which was
sold on June 19, 2007

EX - 99 . 1 3 ex991to8k8k03725 _ 06192007 . htm sec document Exhibit 99 . 1 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 , 2004 ( 1 ) as reported Reflects Activity Proforma of Lynch Systems -------------------------------------------- SALES AND REVENUES $ 33,834 $ 10,421 $ 23,413 COST OF SALES 25,784 8,677 17,107 ----------- ----------- ----------- GROSS PROFIT 8,050 1,744 9,194 SELLING , GENERAL AND ADMIN EXPENSES 10,938 3,334 7,604 ----------- ----------- ----------- OPERATING INCOME ( LOSS ) ( 2,888 ) ( 1,590 ) 1,590 INVESTMENT INCOME 15 ( 2 ) 17 INTEREST ( EXPENSE ) ( 360 ) ( 92 ) ( 268 ) OTHER INCOME ( EXPENSE ) 7 12 ( 5 ) ----------- ----------- ----------- INCOME ( LOSS ) FROM OPERATIONS BEFORE INCOME TAXES ( 3,226 ) ( 1,672 ) ( 1,554 ) PROVISION FOR FEDERAL INCOME TAXES ( 100 ) 635 ( 735 ) ----------- ----------- ----------- NET INCOME ( LOSS ) ( 3,326 ) ( 1,037 ) ( 2,289 ) = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = basic and diluted weighted average shares outstanding 1,524,863 1,524,863 Earnings Per Share ( $ 2.18 ) ( $ 1.50 ) ( 1 ) represents the elimination of the revenue and other costs associated with Lynch Systems which was sold on June 19 , 2007
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