Fundamental Global reports FY 2024 net loss $2.6M, revenue $17.3M; multiple mergers closed

FG Nexus Inc.

2025-Q1 EPS reported -$8.03 revenue$6,811,000

Net loss attributable to common shareholders $2.6M vs $14.1M in 2023; includes $21.8M gain on sale of Strong/MDI.
Revenue from continuing operations $17.3M (+1.5% YoY); managed services revenue $32.0M (+20.7%).
Net loss from continuing operations $22.9M vs $12.3M; per share loss $2.43 vs $35.22.
Closed mergers with FG Group Holdings (Feb) and Strong Global Entertainment (Sep); sold Strong/MDI for ~$30M.
Balance sheet: assets $109.5M, equity $74.2M, total debt $2.4M; agreement to sell reinsurance unit for $5.6M expected H1 2025.

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