FG Communities Holdings Inc.
For the period ended Apr 1, 2025. Filed Apr 2, 2025.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Apr 1, 2025 · Filed Apr 2, 2025
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FGCPP$25.00-2.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · ($ in thousands, except per share data)
($ in thousands, except per share data)
| Three Months Ended December 31, | Year Ended December 31, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Net (loss) earnings on equity holdings and other holdings | $(4,628) | $440 | $(14,675) | $(9,437) |
| Net product sales | 3,463 | 2,783 | 18,561 | 13,978 |
| Net services revenue | 3,696 | 3,314 | 13,462 | 12,552 |
| Total revenue | 2,531 | 6,537 | 17,348 | 17,093 |
| Expenses: | ||||
| Costs of products | 3,067 | 2,619 | 15,530 | 12,583 |
| Costs of services | 2,791 | 2,263 | 9,963 | 8,893 |
| Selling expense | 305 | 197 | 1,277 | 797 |
| General and administrative expenses | 2,348 | 2,757 | 13,979 | 11,111 |
| Loss (gain) on impairment and disposal of assets | - | - | 1,475 | (5) |
| Total expenses | 8,511 | 7,836 | 42,224 | 33,379 |
| Loss from operations | (5,980) | (1,299) | (24,876) | (16,286) |
| Other income (expense): | ||||
| Interest expense, net | (60) | (237) | (360) | (520) |
| Foreign currency transaction income (loss) | 20 | 2 | (7) | (1) |
| Bargain purchase on acquisition and other (expense) income, net | 472 | 3,469 | 2,245 | 3,502 |
| Total other income, net | 432 | 3,234 | 1,878 | 2,981 |
| Loss from continuing operations before income taxes | (5,548) | 1,935 | (22,998) | (13,305) |
| Income tax benefit | 29 | 685 | 139 | 998 |
| Net (loss) income from continuing operations | (5,519) | 2,620 | (22,859) | (12,307) |
| Net (loss) income from discontinued operations | (1,913) | (4,556) | 21,544 | (2,334) |
| Net (loss) income | (7,432) | (1,936) | (1,315) | (14,641) |
| Net loss attributable to non-controlling interest | - | (442) | (160) | (564) |
| Dividends declared on Series A Preferred Shares | (447) | - | (1,410) | - |
| Net loss attributable to common shareholders | $(7,879) | $(1,494) | $(2,565) | $(14,077) |
| Basic and diluted net (loss) income per common share: | ||||
| Continuing operations | $(4.72) | $7.27 | $(22.83) | $(29.38) |
| Discontinued operations | (1.50) | (10.82) | 20.41 | (5.84) |
| Total | $(6.23) | $(3.55) | $(2.43) | $(35.22) |
| Weighted average common shares outstanding: | ||||
| Basic and diluted | 1,265 | 421 | 1,056 | 400 |
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