{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-014295","form_type":"8-K","ticker":"FGI","cik":"0001864943","company_name":"FGI Industries Ltd.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.898144+00:00","generated_at":"2026-06-11T23:28:46.769087+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FGI Q2 2023 revenue falls 38.9% to $29.2M; gross margin expands 980 bps","bullets":["Total revenues of $29.2 million, down 38.9% year-over-year.","Gross profit $8.0 million, down 4.9% YoY; gross margin 27.4%, up 980 bps.","Net income of $0.1 million; adjusted net income also $0.1 million.","Adjusted operating income of $0.6 million."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-014295","json":"https://secwatch.observer/filing/0001558370-23-014295.json","markdown":"https://secwatch.observer/filing/0001558370-23-014295.md","text":"https://secwatch.observer/filing/0001558370-23-014295.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1864943/000155837023014295/0001558370-23-014295-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1864943/000155837023014295/fgi-20230809x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T23:28:46.769087+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e936d82317126ae255ed26966ac148ebf00c53c3","claim":"FGI Industries Ltd. reported the second quarter ended June 30, 2023 results: revenue $29.2 million, net income $0.1 million.","evidence_excerpt":"Total revenues of $29.2 million, (38.9%) y/y ◾ Gross profit of $8.0 million, (4.9%) y/y, Gross margin of 27.4%, +980 bps y/y ◾ Net Income of $0.1 million ◾ Adjusted net income of $0.1 million*","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864943/000155837023014295/0001558370-23-014295-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$29.2 million"},{"label":"Net income","value":"$0.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}