FGI Industries Ltd
NASDAQ:FGI
Income Statement
Earnings Waterfall
FGI Industries Ltd
Revenue
|
117.2m
USD
|
Cost of Revenue
|
-85.2m
USD
|
Gross Profit
|
32.1m
USD
|
Operating Expenses
|
-29.8m
USD
|
Operating Income
|
2.3m
USD
|
Other Expenses
|
-1.6m
USD
|
Net Income
|
733.6k
USD
|
Income Statement
FGI Industries Ltd
Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue |
182
N/A
|
147
-19%
|
194
+33%
|
182
-6%
|
162
-11%
|
145
-10%
|
127
-13%
|
118
-7%
|
117
-1%
|
|
Gross Profit | ||||||||||
Cost of Revenue |
(150)
|
(123)
|
(163)
|
(151)
|
(130)
|
(114)
|
(96)
|
(88)
|
(85)
|
|
Gross Profit |
32
N/A
|
23
-28%
|
32
+36%
|
32
0%
|
32
0%
|
31
-1%
|
31
-1%
|
31
-1%
|
32
+5%
|
|
Operating Income | ||||||||||
Operating Expenses |
(25)
|
(20)
|
(27)
|
(27)
|
(26)
|
(27)
|
(28)
|
(29)
|
(30)
|
|
Selling, General & Administrative |
(24)
|
(19)
|
(26)
|
(26)
|
(25)
|
(26)
|
(26)
|
(27)
|
(28)
|
|
Research & Development |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Depreciation & Amortization |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Operating Income |
8
N/A
|
3
-58%
|
5
+54%
|
5
-3%
|
5
+6%
|
4
-14%
|
3
-26%
|
2
-37%
|
2
+12%
|
|
Pre-Tax Income | ||||||||||
Interest Income Expense |
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Non-Reccuring Items |
(2)
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
3
|
2
|
2
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
9
N/A
|
3
-67%
|
5
+52%
|
4
-1%
|
5
+0%
|
4
-20%
|
2
-35%
|
1
-45%
|
1
+8%
|
|
Net Income | ||||||||||
Tax Provision |
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
|
Income from Continuing Operations |
8
|
3
|
4
|
4
|
4
|
3
|
2
|
1
|
1
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
8
N/A
|
3
-62%
|
4
+39%
|
4
-3%
|
4
-8%
|
3
-23%
|
2
-38%
|
1
-49%
|
1
-19%
|
|
EPS (Diluted) |
0.83
N/A
|
0.27
-67%
|
0.35
+30%
|
0.42
+20%
|
0.39
-7%
|
0.3
-23%
|
0.18
-40%
|
0.09
-50%
|
0.07
-22%
|