Fundamental Global Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-06-30; filed 2024-08-14.
0001493152-24-032297
ITEM 1A. RISK FACTORSCurrent report: 10-Q
Period ended 2024-09-30; filed 2024-11-14.
0001493152-24-046011
ITEM 1A. RISK FACTORSThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 65 previous paragraphs and 65 current paragraphs.
64 unchanged; 1 reworded; 0 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 2 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (1)
Previous wording
The Company’s top ten customers accounted for approximately 45% and 44% of consolidated products and services revenues during the three and six months ended June 30, 2024, respectively. Trade accounts receivable from these customers represented approximately 61% of net consolidated receivables at June 30, 2024. One of the Company’s customers accounted for more than 10% of both its consolidated net revenues during the six months ended June 30, 2024 and its net consolidated receivables as of June 30, 2024. While the Company believes its relationships with such customers are stable, most arrangements are made by purchase order and are terminable at will by either party. A significant decrease or interruption in business from the Company’s significant customers could have a material adverse effect on the Company’s business, financial condition and results of operations. The Company could also be adversely affected by such factors as changes in foreign currency rates and weak economic and political conditions in each of the countries in which the Company sells its products and offers its services.
Current wording
The Company’s top ten customers accounted for approximately 43% and 40% of consolidated products and services revenues during the three and nine months ended September 30, 2024, respectively. Trade accounts receivable from these customers represented approximately 59% of net consolidated receivables at September 30, 2024. One of the Company’s customers accounted for more than 10% of both its consolidated net revenues during the nine months ended September 30, 2024 and its net consolidated receivables as of September 30, 2024. While the Company believes its relationships with such customers are stable, most arrangements are made by purchase order and are terminable at will by either party. A significant decrease or interruption in business from the Company’s significant customers could have a material adverse effect on the Company’s business, financial condition and results of operations. The Company could also be adversely affected by such factors as changes in foreign currency rates and weak economic and political conditions in each of the countries in which the Company sells its products and offers its services.