FG Communities Holdings Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
FGNXP$25.99+4.4%Stored close · as of Sep 25, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
($ in thousands, except per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue: | ||
| Net loss on equity holdings and other holdings | $(14,675) | $(9,437) |
| Net product sales | 18,561 | 13,978 |
| Net services revenue | 13,462 | 12,552 |
| Total revenue | 17,348 | 17,093 |
| Expenses: | ||
| Costs of products | 15,530 | 12,583 |
| Costs of services | 9,963 | 8,893 |
| Selling expense | 1,277 | 797 |
| General and administrative expenses | 13,979 | 11,111 |
| Loss (gain) on impairment and disposal of assets | 1,475 | (5) |
| Total expenses | 42,224 | 33,379 |
| Loss from operations | (24,876) | (16,286) |
| Other income (expense): | ||
| Interest expense, net | (360) | (520) |
| Foreign currency transaction loss | (7) | (1) |
| Bargain purchase on acquisition and other (expense) income, net | 2,245 | 3,502 |
| Total other income, net | 1,878 | 2,981 |
| Loss from continuing operations before income taxes | (22,998) | (13,305) |
| Income tax benefit | 139 | 998 |
| Net loss from continuing operations | (22,859) | (12,307) |
| Net income (loss) from discontinued operations (Note 5) | 21,544 | (2,334) |
| Net loss | (1,315) | (14,641) |
| Net loss attributable to non-controlling interest | (160) | (564) |
| Dividends declared on Series A Preferred Shares | (1,410) | - |
| Net loss attributable to common shareholders | $(2,565) | $(14,077) |
| Basic and diluted net (loss) income per common share: | ||
| Continuing operations | $(22.84) | $(29.38) |
| Discontinued operations | 20.41 | (5.84) |
| Total | $(2.43) | $(35.22) |
| Weighted average common shares outstanding: | ||
| Basic and diluted | 1,056 | 400 |
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