Financial Snapshot

Revenue
$127.2M
TTM
Gross Margin
28.22%
TTM
Net Earnings
-$259.8K
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
131.98%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$22.90M
Q3 2024
Cash
Q3 2024
P/E
-30.45
Nov 29, 2024 EST
Free Cash Flow
-$6.770M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $117.2M $161.7M $181.9M $134.8M $126.3M
YoY Change -27.5% -11.12% 34.94% 6.77%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $117.2M $161.7M $181.9M $134.8M $126.3M
Cost Of Revenue $85.16M $130.2M $149.7M $106.4M $100.8M
Gross Profit $32.08M $31.51M $32.20M $28.40M $25.44M
Gross Profit Margin 27.36% 19.48% 17.7% 21.07% 20.14%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $28.40M $25.36M $23.63M $21.04M $22.04M
YoY Change 11.96% 7.33% 12.3% -4.54%
% of Gross Profit 88.52% 80.49% 73.38% 74.08% 86.65%
Research & Development $1.377M $1.054M $646.1K $814.3K $703.8K
YoY Change 30.63% 63.14% -20.65% 15.7%
% of Gross Profit 4.29% 3.35% 2.01% 2.87% 2.77%
Depreciation & Amortization $2.018M $218.7K $287.1K $352.5K $525.1K
YoY Change 822.67% -23.83% -18.55% -32.88%
% of Gross Profit 6.29% 0.69% 0.89% 1.24% 2.06%
Operating Expenses $29.77M $26.42M $24.48M $22.12M $22.98M
YoY Change 12.7% 7.92% 10.65% -3.72%
Operating Profit $2.304M $5.092M $7.725M $6.282M $2.462M
YoY Change -54.74% -34.08% 22.96% 155.16%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$739.2K -$597.6K -$374.1K -$386.6K -$436.7K
YoY Change 23.68% 59.78% -3.25% -11.47%
% of Operating Profit -32.08% -11.74% -4.84% -6.15% -17.74%
Other Income/Expense, Net -$177.5K $46.21K $3.198M -$390.3K -$50.21K
YoY Change -484.05% -98.55% -919.31% 677.34%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $1.388M $4.541M $8.868M $5.505M $1.975M
YoY Change -69.44% -48.8% 61.08% 178.73%
Income Tax $808.2K $860.6K $961.6K $774.4K $404.0K
% Of Pretax Income 58.24% 18.95% 10.84% 14.07% 20.45%
Net Earnings $733.6K $3.680M $7.906M $4.731M $1.571M
YoY Change -80.06% -53.45% 67.12% 201.11%
Net Earnings / Revenue 0.63% 2.28% 4.35% 3.51% 1.24%
Basic Earnings Per Share $0.08 $0.39 $1.13
Diluted Earnings Per Share $0.07 $0.39 $832.2K $498.0K $165.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $7.777M $10.07M $3.884M $4.019M $2.417M
YoY Change -22.75% 159.21% -3.35% 66.27%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $12.22M $8.104M $4.666M $4.063M $967.9K
YoY Change 50.77% 73.66% 14.86% 319.75%
Inventory $9.924M $13.29M $21.26M $8.308M $9.293M
Prepaid Expenses
Receivables $16.20M $14.42M $26.35M $17.34M $15.67M
Other Receivables $0.00 $0.00 $0.00 $0.00 $52.70K
Total Short-Term Assets $46.11M $45.89M $56.16M $33.73M $28.40M
YoY Change 0.49% -18.3% 66.52% 18.75%
Property, Plant & Equipment $17.11M $11.09M $8.476M $9.857M $9.581M
YoY Change 54.38% 30.79% -14.01% 2.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.414M $3.394M $4.468M $1.434M $1.320M
YoY Change -28.87% -24.04% 211.46% 8.64%
Total Long-Term Assets $19.63M $14.48M $12.99M $11.42M $11.11M
YoY Change 35.57% 11.5% 13.72% 2.74%
Total Assets $65.74M $60.37M $69.15M $45.15M $39.52M
YoY Change
Accounts Payable $14.52M $14.72M $32.01M $19.51M $16.00M
YoY Change -1.32% -54.02% 64.07% 21.95%
Accrued Expenses $5.636M $5.123M $6.828M $4.255M $3.906M
YoY Change 10.0% -24.97% 60.49% 8.93%
Deferred Revenue
YoY Change
Short-Term Debt $6.959M $9.795M $14.66M $11.07M $8.207M
YoY Change -28.95% -33.17% 32.35% 34.94%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.04M $29.78M $54.72M $35.42M $28.81M
YoY Change -5.82% -45.58% 54.48% 22.94%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $13.67M $7.847M $6.885M $8.196M $7.088M
YoY Change 74.26% 13.98% -16.0% 15.64%
Total Long-Term Liabilities $13.67M $7.847M $6.885M $8.196M $7.088M
YoY Change 74.26% 13.98% -16.0% 15.64%
Total Liabilities $41.56M $37.62M $61.60M $43.62M $35.90M
YoY Change 10.48% -38.93% 41.24% 21.5%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 9.525M 9.336M 7.000M
Diluted Shares Outstanding 9.821M 9.342M 7.000M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $7.9103 Million

About FGI Industries Ltd.

FGI Industries Ltd. engages in the supply of kitchen and bath products. The company is headquartered in East Hanover, New Jersey and currently employs 287 full-time employees. The company went IPO on 2022-01-25. The firm offers a range of products under four categories, namely sanitaryware, bath furniture, shower system and other. The Company’s sanitaryware category includes a range of bath products, such as toilets, sinks, pedestals and toilet seats. Its bath furniture category primarily includes wood and wood-substitute furniture for bathrooms, including vanities, mirrors, laundry and medicine cabinets and other storage systems. Its shower systems category includes a range of shower-related products, such as shower walls, shower doors and shower basins. Its other category includes smaller categories, prominently custom kitchen cabinetry brand under its Covered Bridge Cabinetry and Craft + Main Cabinetry lines of products. These products are sold primarily for repair and remodeling (R&R) activity and, new home or commercial construction.

Industry: Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures Peers: A. M. Castle & Co. Mega Matrix Corp. Ameramex International Inc FASTENAL CO TX Holdings, Inc. HUMBL, INC. IGC Pharma, Inc. WINDGEN ENERGY, INC.