{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-014987","form_type":"8-K","ticker":"FGI","cik":"0001864943","company_name":"FGI Industries Ltd.","filed_at":"2025-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.371514+00:00","generated_at":"2026-05-24T05:14:50.090449+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"FGI Industries Q4 revenue up 15% to $35.6M but gross margin falls 460 bps; net loss $0.4M","bullets":["Q4 revenue $35.6M (+15% YoY); gross profit $8.7M (-3.2%); gross margin 24.6% (down 460 bps).","Operating loss $1.3M, net loss $0.4M ($0.04 diluted loss); adjusted operating loss $1.1M, adjusted net loss $0.7M.","Full-year revenue $131.8M (+12.4% YoY); net loss $1.2M; operating expenses rose 28.4% to $10.0M.","FY2025 guidance: revenue $135-145M; adj operating income $(2.0)-1.5M; adj net income $(1.9)-1.0M.","Cash $4.6M, total debt $14.5M, total liquidity $15.6M; management notes fluid tariff environment."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-014987","json":"https://secwatch.observer/filing/0001628280-25-014987.json","markdown":"https://secwatch.observer/filing/0001628280-25-014987.md","text":"https://secwatch.observer/filing/0001628280-25-014987.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1864943/000162828025014987/0001628280-25-014987-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1864943/000162828025014987/fgi-20250326.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T05:14:50.090449+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}