FGI Industries Q3 2023 revenue falls 22.3% to $29.9M; net income of $0.3M

FGI Industries Ltd.

2023-Q3 EPS reported $0.02 revenue$86,284,791

Total revenues $29.9M, down 22.3% YoY from $38.5M in Q3 2022.
Gross profit $7.8M, down 2.6% YoY; gross margin improved 530 bps to 26.2%.
Net income of $0.3M vs. net income of $0.1M in prior year; adjusted net income $0.4M.
Adjusted operating income of $0.6M for the quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FGI Industries Ltd. reported third quarter 2023 results: revenue 29.9 million, net income 0.3 million.

Period: third quarter 2023
Revenue: 29.9 million
Net income: 0.3 million
Result: reported results

Exact text from the filing

Total revenues of $29.9 million, (22.3%) y/y ▪ Gross profit of $7.8 million, (2.6%) y/y, Gross margin of 26.2%, +530 bps y/y ▪ Net Income of $0.3 million

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Source: SEC EDGAR

accession 0001558370-23-018289

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