FGI Industries (NASDAQ:FGI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$30.8m (up 13% from 1Q 2023).

• Net loss: US$412.2k (loss widened by 36% from 1Q 2023).

• US$0.043 loss per share (further deteriorated from US$0.032 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FGI Industries Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are down 10% from a week ago.

Risk Analysis

You still need to take note of risks, for example - FGI Industries has 5 warning signs (and 2 which make us uncomfortable) we think you should know about.

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