secwatch.observer — SEC 8-K summary
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Issuer:     FG Nexus Inc. (FGNX)
CIK:        0001591890
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001641172-25-002373
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591890/000164117225002373/0001641172-25-002373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591890/000164117225002373/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-002373

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