Highest-materiality recent filing
FGI Industries shareholders elect 5 directors and ratify auditor at annual meeting
All five director nominees elected: David Bruce (1,387,347 for), John Chen (1,387,517 for), Todd Heysse (1,387,578 for), Kellie Zesch Weir (1,387,579 for), Anagha Apte (1,387,581 for).
FGI Q1 revenue $30.5M, -8.2% YoY; net loss $1.0M
Gross profit $8.2M (-8.3% YoY); gross margin 26.8% flat; operating loss $0.7M.
FGI Industries dismisses CBIZ, appoints Marcum Asia as auditor; discloses material weakness
Audit committee dismissed CBIZ as independent auditor effective April 20, 2026; no disagreements in prior periods.
FGI Q4 revenue down 14.4% to $30.5M; full-year net loss $6.1M
Q4 revenue $30.5M (-14.4% YoY); gross margin 26.7% (+210 bps).
Borrowing base up to $18M, maturity extended to April 17, 2027.
FGI Industries reports Q3 net loss $1.7M; revenue flat -0.7% YoY; gross margin +70bps
Revenue $35.8M, -0.7% YoY; gross margin 26.5%, +70 bps.
FGI Industries regains Nasdaq minimum bid price compliance, avoids delisting
Nasdaq confirmed on Aug 14, 2025 that FGI regained compliance with the minimum bid price requirement (Rule 5550(a)(2)).
FGI Industries Q2 2025 revenue $31M (+5.5%) but net loss $1.2M; margins compressed by tariffs
Net loss of $1.2M ($0.64 loss per share); adjusted net loss $1.2M ($0.61 loss per share).
FGI Industries to effect 1-for-5 reverse share split on July 31, 2025
1-for-5 reverse share split effective 12:01 a.m. ET on July 31, 2025; par value changes from $0.0001 to $0.0005 per share.
FGI Industries shareholders approve reverse stock split at Annual Meeting
Five director nominees elected: David Bruce, John Chen, Todd Heysse, Kellie Zesch Weir, Anagha Apte.
FGI Q1 revenue up 8% to $33.2M but swings to operating loss of $1.3M; guides FY25 revenue $135-145M
Revenue $33.2M (+8% YoY); gross margin 26.8% (-60bps); operating loss $1.3M (vs $0.3M income).
FGI Industries auditor Marcum resigns; CBIZ appointed; material weaknesses disclosed
Marcum LLP resigned as FGI's independent auditor effective April 22, 2025; CBIZ CPAs P.C. engaged same day.
FGI Industries Q4 revenue up 15% to $35.6M but gross margin falls 460 bps; net loss $0.4M
Q4 revenue $35.6M (+15% YoY); gross profit $8.7M (-3.2%); gross margin 24.6% (down 460 bps).
FGI Industries granted 180-day Nasdaq extension to cure bid price deficiency through Sep 1, 2025
Received Nasdaq notice of extension to September 1, 2025 to regain compliance with $1.00 minimum bid price.
CFO Perry Lin resigns effective June 30, 2025; Jae Chung named successor
CFO Perry Lin resigns effective June 30, 2025 for personal reasons; no disagreement with company.
FGI Q3 revenue up 20.6% to $36.1M but net loss of $0.6M; guides FY revenue up but profit down
Revenue $36.1M (+20.6% YoY); gross profit $9.3M (+18.9%); gross margin 25.8% (-40 bps).
FGI EVP Bob Kermelewicz transitions to Sales Director; Jennifer Earl assumes additional duties
Bob Kermelewicz steps down as EVP, FGI USA to become Sales Director effective Dec 31, 2024.
FGI Industries receives Nasdaq bid-price deficiency notice; 180 days to regain compliance
Nasdaq notified FGI on Sept 6, 2024 that bid price was below $1.00 for 30 consecutive business days.
FGI Q2 revenue flat at $29.4M, gross margin up 310bps, but posts operating loss
Revenue $29.4M (+0.6% YoY); gross profit $9.0M (+11.9%); gross margin 30.5% (+310bps).
FGI Industries shareholders elect five directors and ratify Marcum LLP as auditor at AGM
Five directors elected: David Bruce, John Chen, Todd Heysse, Kellie Zesch Weir, Anagha Apte.
FGI Q1 revenue rises 13.2% to $30.8M; net loss $0.4M, guidance reaffirmed
Revenue $30.8M (+13.2% YoY); gross margin 27.4% (+90 bps).
FGI board member resigns to become SVP; new director appointed
Jae Chung resigns from board effective April 1, 2024; becomes SVP of Investor Relations & Corporate Development.
FGI Industries reports FY 2023 revenue down 27.5%, gross margin up 788 bps
Q4 2023 revenue $31.0M (-2.6% YoY); gross profit $9.0M (+20.1%); net income $0.5M.
On January 22, 2025, Perry Lin, Chief Financial Officer of FGI Industries Ltd. (“FGI” or the “Company”), gave notice of his resignation, to be effective June 30, 2025.
On January 25, 2025, the Board of Directors approved and appointed Jae Chung to serve as the Company’s CFO, effective July 1, 2025.
Bob Kermelewicz and FGI Industries Ltd. (“FGI” or the “Company”) reached mutual agreement regarding his transition from Executive Vice President, FGI USA to Sales Director, effective at the close of December 31, 2024.
on April 1, 2024, he will join the Company as an employee as its Senior Vice President, Investor Relations and Corporate Development.
the Board approved the appointment of Ms. Anagha Apte Sreenivasan to the Board, effective April 1, 2024.
Max materiality 0.75 · Median 0.60 · Most common event earnings