FG Financial (FGF)

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FG Financial (FGF) - 2024 Q1 - Quarterly Results
2024-06-19 01:59
Exhibit 99.1 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Page No | Report of Independent Registered Public Accounting Firm (PCAOB ID: 200) | 1 | | --- | --- | | Consolidated Financial Statements | | | Consolidated Balance Sheets—December 31, 2023 and 2022 | 4 | | Consolidated Statements of Operations—Years Ended December 31, 2023 and 2022 | 5 | | Consolidated Statements of Comprehensive Loss—Years Ended December 31, 2023 and 2022 | 6 | | Consolidated Statements of Stockholders' Equity—Years Ended December 31 ...
Fundamental Global Inc. and Strong Global Entertainment, Inc. Enter Into Definitive Plan of Arrangement
Newsfilter· 2024-05-31 12:49
Mooresville, NC, May 31, 2024 (GLOBE NEWSWIRE) -- Subsidiaries of Fundamental Global Inc. (NASDAQ:FGF, FGFPP))) (the "Company" or "Fundamental Global") and Strong Global Entertainment, Inc. (NYSE:SGE) ("Strong Global Entertainment") have entered into a definitive arrangement agreement and plan of arrangement to combine the companies in an all-stock transaction. Upon completion of the arrangement, the stockholders of Strong Global Entertainment will receive 1.5 common shares of Fundamental Global for each sh ...
Fundamental Global Inc. Reports First Quarter 2024 Financial Results
Newsfilter· 2024-05-20 12:30
Core Viewpoint - Fundamental Global Inc. reported its first quarter results for 2024, highlighting the impact of the merger with FG Group Holdings and the strategic focus on simplifying operations and enhancing growth in high-return businesses [1][2]. Financial Performance - Revenue for the first quarter of 2024 increased by $2.1 million, or 31.6%, reaching $8.6 million, driven by Strong Entertainment's performance and improved investment results [4]. - Total expenses rose by $3.9 million, or 36.3%, to $14.6 million, attributed to increased costs in the entertainment sector and additional expenses from the merger [5]. - The net loss from continuing operations was $4.3 million, or ($0.26) per share, compared to a loss of $3.8 million, or ($0.42) per share, in the same period of 2023 [6][15]. Balance Sheet Highlights - As of March 31, 2024, total assets amounted to $110.3 million, an increase of $48.1 million from December 31, 2023, with investment holdings totaling $49.1 million [7]. - Total stockholders' equity reached $66.4 million, reflecting an increase of $29.6 million from the end of 2023, indicating enhanced scale post-merger [8]. Strategic Initiatives - The company sold its Digital Ignition business in April 2024, which is expected to reduce debt and overhead costs [2]. - A planned combination of Strong/MDI Screen Systems with FG Acquisition Corp. aims to create a new investment platform, Saltire Inc., in Canada, potentially unlocking value from the investment in Strong/MDI [2].
FG Financial (FGF) - 2024 Q1 - Quarterly Report
2024-05-17 23:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-36366 Fundamental Global Inc. (Exact name of registrant as specified in its charter) Washington, D.C. 20549 FORM 10-Q (Mark One) Nevada 46-1119100 (State or other jurisdiction of incorporation or organizat ...
Fundamental Global Inc. Announces Acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 Million Valuation
Newsfilter· 2024-05-06 20:15
Mooresville, NC, May 06, 2024 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (NASDAQ:FGF, FGFPP))) ("Fundamental Global") today announced that its majority owned subsidiary, Strong Global Entertainment, Inc. (NYSE:SGE) ("Strong Global") has announced the proposed acquisition (the "MDI Acquisition") of Strong/MDI Screen Systems, Inc. ("MDI") by FG Acquisition Corp. (TSX:FGAA, FGAA.WT.U))) ("FGAC"), a special purpose acquisition company ("FGAC"), pursuant to an acquisition agreement (the "Acquisition Agreement") ...
3 High-Growth Penny Stocks With 10X Upside to Buy Now: April 2024
InvestorPlace· 2024-04-25 18:47
Investors often seek high-growth penny stocks as a means of providing market-beating gains during bull market periods. Many of the stocks in the smaller-capitalization world certainly have such impressive upside. However, this upside potential comes alongside higher risk, which must be taken into account. Of course, a number of penny stocks with viable long-term business models and underlying assets remain undervalued. Finding these hidden gems is easier said than done. Thousands of such companies out there ...
Fundamental Global Inc. Announces $6.5M Sale of Digital Ignition
Newsfilter· 2024-04-22 12:30
Advancing Strategic Focus and Strengthening Financial Position Mooresville, NC, April 22, 2024 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (NASDAQ:FGF, FGFPP))) (the "Company" or "Fundamental Global") today announced the sale of its Digital Ignition building and wholly owned subsidiary for $6.5 million. Fundamental Global will receive approximately $1.3 million in cash, net of closing costs and repayment of debt. In addition, the Company expects annual operating costs to be reduced by approximately $1 milli ...
Strong Technical Services Extends Managed Services Contract with Marcus Theatres
Newsfilter· 2024-04-08 10:00
Charlotte, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Strong Global Entertainment (NYSE:SGE) ("Strong Global Entertainment" or the "Company") announced today that its subsidiary Strong Technical Services ("STS") has extended its Managed Services agreement with Marcus Theatres, one of the top theatrical exhibitors in the United States. The agreement has been extended for two additional years, through April 2026. "Strong Technical Services is pleased to have this opportunity to renew this preferred provider agr ...
FG Financial (FGF) - 2023 Q4 - Annual Report
2024-03-13 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________ to _______________________ Commission file number 001-36366 Fundamental Global Inc. (Exact name of registrant as specified in its charter) | Nevada | 46 ...
FG Financial (FGF) - 2023 Q4 - Annual Results
2024-03-13 16:00
Exhibit 99.1 Fundamental Global Inc. Reports Fourth Quarter and Full Year 2023 Financial Results Continued Growth in Reinsurance and Investment Results leads to Net Income in 2023 Mooresville, NC – March 14, 2024 - Fundamental Global Inc. (Nasdaq: FGF) (the "Company" or "Fundamental Global"), formerly known as FG Financial Group, Inc., today announced results for the fourth quarter and full year ended December 31, 2023. As previously announced, FG Financial Group, Inc. and FG Group Holdings Inc. completed t ...