---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-046785"
form_type: "8-K"
ticker: "FGI"
cik: "0001864943"
company_name: "FGI Industries Ltd."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:15:43.361448+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FGI Q3 revenue up 20.6% to $36.1M but net loss of $0.6M; guides FY revenue up but profit down

## Summary
- Revenue $36.1M (+20.6% YoY); gross profit $9.3M (+18.9%); gross margin 25.8% (-40 bps).
- GAAP net loss $0.6M ($0.06/sh) vs net income $0.4M ($0.04/sh) in Q3 2023.
- Adjusted net loss $0.1M ($0.01/sh) vs adjusted net income $0.6M ($0.06/sh) YoY.
- Revised FY24 guidance: revenue $127-131M (prior $115-128M); adj. op. income ($1.0M)-$0.0M (prior $2.8-3.8M).
- Liquidity $16.3M at Sep 30; investing in kitchen cabinet & Canada distribution.

## SEC filing metadata
- accession: 0001628280-24-046785
- form_type: 8-K
- ticker: FGI
- cik: 0001864943
- company_name: FGI Industries Ltd.
- filed_at: 2024-11-12T23:59:59+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/1864943/000162828024046785/0001628280-24-046785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864943/000162828024046785/fgi-20241111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-046785
- JSON: https://secwatch.observer/filing/0001628280-24-046785.json
- Plain text: https://secwatch.observer/filing/0001628280-24-046785.txt

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