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Fgi Industries ltd   (FGI)
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Price: $1.5800 $0.01 0.637%
Day's High: $1.85 Week Perf: -7.06 %
Day's Low: $ 1.57 30 Day Perf: -6.09 %
Volume (M): 11 52 Wk High: $ 2.27
Volume (M$): $ 18 52 Wk Avg: $1.67
Open: $1.59 52 Wk Low: $1.26



 Market Capitalization (Millions $) 15
 Shares Outstanding (Millions) 10
 Employees -
 Revenues (TTM) (Millions $) 118
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 1

Fgi Industries Ltd
FGI Industries Ltd is a reputable manufacturing company based in India. With over 20 years of experience, they specialize in producing a wide range of industrial products, including electrical components, machinery parts, and hardware. The company is known for its commitment to quality and customer satisfaction, ensuring that their products meet international standards. FGI Industries Ltd has a strong distribution network, both locally and internationally, that allows them to serve clients across various industries effectively.


   Company Address: 906 Murray Road East Hanover 7936 NJ
   Company Phone Number: 428-0400   Stock Exchange / Ticker: NASDAQ FGI
   FGI is expected to report next financial results on April 16, 2024.


   

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Fgi Industries Ltd

First Quarter 2023 Earnings Reveal Major Revenue Decline

Fgi Industries Ltd, a Renewable Energy Services & Equipment company, recently declared disappointing financial results for the first quarter of 2023. The company's Revenue fell by a significant -37.666% to $27.16 million, and they posted a net loss per share to $-0.03, in proportion to $0.05. This is a significant decline compared to their preceding financial reporting period, where Income per Share was $0.07 per share, and Revenue deteriorated by -14.558% from $31.79 million.
Furthermore, the company's net shortfall was $-0.303 million this quarter, rather than the zero gain they recorded for the same financial reporting period a year before. Such statistics raise several questions regarding the future of Fgi Industries Ltd.
First and foremost, the decline in Revenue is a significant red flag. This statistic alone can be enough to set alarm bells ringing around shareholders and investors alike. As the company is involved in Renewable Energy Services and Equipment, it is essential to determine why Revenue has fallen and possibly predict whether this trend will continue.






 

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