The financial report presents the financial statements of the company for the quarter ended March 31, 2025. The company reported a net income of $X million, with total revenues of $Y million and total expenses of $Z million. The company’s balance sheet as of March 31, 2025, shows total assets of $W million, total liabilities of $V million, and total equity of $U million. The company’s cash and cash equivalents as of March 31, 2025, were $X million. The company’s financial performance was driven by strong revenue growth, with a year-over-year increase of Y% in total revenues. The company’s gross margin was X%, and its operating margin was Y%. The company’s financial position was strong, with a current ratio of X:1 and a debt-to-equity ratio of Y%.
Overview
Fundamental Global Inc. (FG, FGF, the “Company”, “we”, or “us”) is a holding company incorporated in the state of Nevada. In February 2024, FG completed a reverse merger with FG Group Holdings, Inc. (FGH), with FGH as the accounting acquirer. In May 2024, the Company acquired Strong Global Entertainment, Inc. (SGE) in an all-stock transaction.
Results of Operations
Table: Financial Highlights
(dollars in thousands) | Q1 2025 | Q1 2024 | $ Change | % Change |
---|---|---|---|---|
Net loss on equity securities and other holdings | $(6,419) | $(3,399) | $(3,020) | 88.8% |
Revenue from products and services | $6,811 | $7,879 | $(1,068) | (13.6%) |
Total revenue | $392 | $4,480 | $(4,088) | (91.3%) |
Expenses | $9,242 | $11,291 | $(2,049) | (18.1%) |
Loss from operations | $(8,850) | $(6,811) | $(2,039) | 29.9% |
Bargain purchase on acquisition and other expense, net | $(15) | $1,718 | $(1,733) | (100.9%) |
Net loss from continuing operations | $(8,797) | $(5,076) | $(3,721) | 73.3% |
Liquidity and Capital Resources
Critical Accounting Estimates
The Company’s critical accounting estimates include:
Outlook
The Company continues to face challenges in its managed services business, with lower product sales and revenues due to a softer first quarter release schedule and macroeconomic uncertainties. Management is evaluating additional actions to simplify the organization, reduce general and administrative costs, and increase long-term value creation. The Company remains focused on navigating the current environment and positioning the business for future growth and profitability.
Financial statement
Financial statement is an accounting data report that allows investors to better understand the financial history of a firm.
What is the Income Statement?
The income statement is one of three important financial statements in a company’s financial report, alongside the balance sheet and the cash flow statement.
What is a Cash Flow Statement?
A cash flow statement provides detailed information about a company's cash receipts and payments during a specific accounting period.