---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-018289"
form_type: "8-K"
ticker: "FGI"
cik: "0001864943"
company_name: "FGI Industries Ltd."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T11:08:38.145754+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-018289
- form_type: 8-K
- ticker: FGI
- cik: 0001864943
- company_name: FGI Industries Ltd.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864943/000155837023018289/0001558370-23-018289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864943/000155837023018289/fgi-20231108x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-018289
- JSON: https://secwatch.observer/filing/0001558370-23-018289.json
- Plain text: https://secwatch.observer/filing/0001558370-23-018289.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864943/000155837023018289/0001558370-23-018289-index.htm

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