---
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"
generated_at: "2026-06-11T23:28:46.769087+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FGI Q2 2023 revenue falls 38.9% to $29.2M; gross margin expands 980 bps

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-014295
- JSON: https://secwatch.observer/filing/0001558370-23-014295.json
- Plain text: https://secwatch.observer/filing/0001558370-23-014295.txt

## Key facts
- Earnings Releases
  FGI Industries Ltd. reported the second quarter ended June 30, 2023 results: revenue $29.2 million, net income $0.1 million.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $29.2 million
  - Net income: $0.1 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1864943/000155837023014295/0001558370-23-014295-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.