Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 79

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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5. Unless otherwise noted, the share and per share information in this Quarterly Report on Form 10-Q have been adjusted to give effect to the Reverse Stock Split.

Results of Operations

The following table summarizes the results of our operations for the three and six months ended June 30, 2025 and 2024 and provides information regarding the dollar and percentage increase (decrease) during such periods.

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For the Three and Six Months Ended June 30, 2025 and 2024

For the Three Months EndedJune 30,Change20252024AmountPercentageUSD%Revenue$30,998,260 $29,370,949 $1,627,311 5.5 Cost of revenue22,291,653 20,407,647 1,884,006 9.2 Gross profit8,706,607 8,963,302 (256,695)(2.9)Selling and distribution expenses6,209,728 6,260,847 (51,119)(0.8)General and administrative expenses2,844,715 2,622,020 222,695 8.5 Research and development expenses484,502 530,797 (46,295)(8.7)Loss from operations(832,338)(450,362)(381,976)84.8 Operating margins (%)(2.7)(1.5)(120)bpsTotal other (expenses) income, net(746,703)128,532 (875,235)(680.9)benefit of income taxes(214,576)(298,415)83,839 (28.1)Net loss(1,364,465)(23,415)(1,341,050)5727.3 Net (loss) income attributable to FGI Industries Ltd. shareholders(1,231,524)163,565 (1,395,089)(852.9)Adjusted loss from operations(1)(832,338)(328,873)(503,465)153.1 Adjusted operating margins (%)(1)(2.7)(1.1)(160)bpsAdjusted net loss attributable to FGI Industries Ltd. shareholders(1)$(1,161,873)$22,700 $(1,184,573)(5218.3)

For the Six Months EndedJune 30,Change20252024AmountPercentageUSDUSDUSD%Revenue$64,210,808