{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-035143","form_type":"8-K","ticker":"FGI","cik":"0001864943","company_name":"FGI Industries Ltd.","filed_at":"2026-05-14T20:29:22+00:00","discovered_at":"2026-05-14T20:30:00.297943+00:00","generated_at":"2026-05-14T20:30:52.131818+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"FGI Q1 revenue $30.5M, -8.2% YoY; net loss $1.0M","bullets":["Gross profit $8.2M (-8.3% YoY); gross margin 26.8% flat; operating loss $0.7M.","Sanitaryware revenue $16.1M (-20% YoY); bath furniture +10.9%, shower systems +14.0%.","Revenue declined 5.9% in U.S. and 25.5% in Canada; Europe up 15.4%.","Liquidity $7.9M; management cites tariff uncertainty and China+1 sourcing strategy.","Adjusted net loss $0.7M; operating expenses down 13.1% YoY to $8.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-035143","json":"https://secwatch.observer/filing/0001628280-26-035143.json","markdown":"https://secwatch.observer/filing/0001628280-26-035143.md","text":"https://secwatch.observer/filing/0001628280-26-035143.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1864943/000162828026035143/0001628280-26-035143-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1864943/000162828026035143/fgi-20260514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T20:30:52.131818+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":[{"claim_id":"1a21225e52b03d93bae5e722cb9029b6a8fa72cb","claim":"FGI Industries Ltd. reported first quarter 2026 results: revenue $30.5 million, net income net loss attributable to shareholders of $1.0 million.","evidence_excerpt":"of kitchen and bath products, today announced results for the first quarter 2026. FIRST QUARTER 2026 HIGHLIGHTS (As compared to the first quarter of 2025) ▪ Total revenue of $30.5 million, -8.2% y/y ▪ Gross profit of $8.2 million , -8.3% y/y ▪ Gross margin of 26.8% , 0 bps y/y ▪ Operating loss of $0.7 million and net loss attributable to shareholders of $1.0","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1864943/000162828026035143/0001628280-26-035143-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2026"},{"label":"Revenue","value":"$30.5 million"},{"label":"Net income","value":"net loss attributable to shareholders of $1.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}