Core Viewpoint - The article discusses the financial implications and market trends related to a specific investment opportunity, highlighting key data points and potential outcomes for investors [1][2]. Group 1 - The investment opportunity is valued at $4000, indicating a significant financial threshold for potential investors [1][2]. Group 2 - The author, Neils Christensen, has extensive experience in financial reporting, which adds credibility to the analysis presented in the article [3].

Core Insights - Sage has introduced innovative AI-driven tools and automation features for Sage Intacct, aimed at helping finance teams save time, gain trusted insights faster, and focus on growth by simplifying compliance and enhancing decision-making [1][2] Group 1: AI and Automation Enhancements - The generative AI-assistant Sage Copilot has been rapidly developed with customer feedback, offering features like Search Help, Variance Analysis, and Close Assistant to streamline workflows and improve month-end close efficiency [2][3] - Sage's report indicates that 86% of finance leaders have incorporated AI into their operations, yet only 49% utilize specialized AI solutions for finance, highlighting a gap in adoption [3] - The latest enhancements, including AP Automation with Purchasing, aim to reduce manual effort and improve accuracy, with organizations processing over 24 million invoices valued at over $10 billion, saving 3 million hours [4][5] Group 2: Customer Impact and Feedback - Customers report that the automation and AI-driven insights have halved processing times and significantly reduced manual errors, enhancing the accuracy and reliability of financial data [3][4] - The focus on saving time allows finance teams to concentrate on strategic goals and make confident, data-driven decisions that propel business growth [5][6] Group 3: Specific Features and Availability - Sage Copilot Variance Analysis provides real-time insights into budget variances, allowing budget owners to identify spending issues without waiting for month-end [8] - The Close Assistant feature offers real-time visibility into month-end close progress, simplifying navigation and keeping teams aligned [8] - Revenue Management enhancements automate complex revenue recognition processes, supporting over 600 billing scenarios and integrating with third-party billing solutions [8]

Core Insights - Sage is hosting its annual user conference, Sage Future, from June 3-5, 2025, in Atlanta, expecting 5,000 attendees from the US and Canada [1][2] Group 1: Event Overview - Sage Future aims to inspire innovation and growth in the finance and accounting industry through thought leadership, immersive sessions, and professional development opportunities [2][3] - The event replaces the former Sage Transform conference and is designed to empower businesses in a rapidly evolving technological landscape [2][3] Group 2: Strategic Importance - The conference is part of Sage's strategy to reestablish its presence in Atlanta, coinciding with the opening of its North America Headquarters in Midtown [5][6] - Atlanta is chosen for its vibrant innovation ecosystem, diverse talent pool, and strong business culture, making it an ideal location for the event [6] Group 3: Registration and Participation - Registration for Sage Future is now open, with more details available on the Sage website [7] - The event will feature various sessions, including thought leadership content, industry immersion sessions, professional growth experiences, and product deep-dive sessions [9]

The seamless integration between Sage Intacct Construction and Tractics offers the best in financial management and heavy civil operations softwareLAS VEGAS, Jan. 21, 2025 (GLOBE NEWSWIRE) -- WORLD OF CONCRETE -- Sage, the trusted software provider for small and mid-sized businesses (SMBs) in the construction industry, and Tractics, the provider of the leading cloud-native construction management platform for heavy civil contractors, announce a partnership that delivers a powerful integration between Sage I ...

Group 1 - Monteverde & Associates PC is investigating Strong Global Entertainment, Inc. regarding its proposed merger with Fundamental Global Inc., where shareholders will receive 1.5 shares of common stock for each share of Strong Global stock they own [1] - Monteverde & Associates PC has been recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report, indicating its successful track record in recovering money for shareholders [1] - The firm operates from the Empire State Building in New York City and emphasizes that no company, director, or officer is above the law [2][4] Group 2 - The firm offers free consultations for shareholders who have concerns about their investments and provides additional information through its website [2][3] - Monteverde & Associates PC has a national presence as a class action securities firm with experience in trial and appellate courts, including the U.S. Supreme Court [4]

Revenue and Sales Performance - Revenue increased by 11.2% to $11.1 million in Q1 2024 from $10.0 million in Q1 2023, driven by $0.8 million higher product sales and a $0.3 million increase in service revenue [122]. - The acquisition of Innovative Cinema Solutions, LLC contributed $1.5 million in revenue in Q1 2024 [123]. - The gross profit from product sales increased to $2.1 million or 26.0% of revenues in Q1 2024, up from $1.7 million or 24.1% in Q1 2023 [126]. Profitability and Income - Gross profit was $2.7 million, representing 24.0% of revenues in Q1 2024, compared to $2.3 million or 23.3% in Q1 2023 [125]. - Income from operations decreased by 67.0% to $0.2 million in Q1 2024 from $0.5 million in Q1 2023, impacted by higher general and administrative expenses [128]. - Net income from continuing operations fell by 78.9% to $0.1 million in Q1 2024 compared to $0.6 million in Q1 2023 [121]. - For the three months ended March 31, 2024, the company reported a net loss of $73,000 compared to a net income of $373,000 for the same period in 2023 [142]. - EBITDA for the three months ended March 31, 2024, was $520,000, down from $854,000 in the same period of 2023, representing a decrease of approximately 39.1% [142]. - Adjusted EBITDA for the same period was $409,000, a decline of 45.8% from $755,000 in the prior year [142]. Cash Flow and Financial Position - Cash and cash equivalents at the end of Q1 2024 were $5.1 million, down from $5.5 million as of December 31, 2023 [131]. - Net cash provided by operating activities was $0.2 million in Q1 2024, a decrease from $0.8 million in Q1 2023 due to higher vendor payments [135]. - The company ended Q1 2024 with CAD$3.3 million (approximately $2.5 million) of principal outstanding on its revolving credit facility [134]. Expenses and Losses - The company incurred interest expense of $115,000 in Q1 2024, compared to $56,000 in Q1 2023, indicating an increase of 105.4% [142]. - Depreciation and amortization expenses were $153,000 for Q1 2024, down from $179,000 in Q1 2023, reflecting a decrease of 14.5% [142]. - The company experienced a foreign currency transaction loss of $162,000 in Q1 2024, compared to a loss of $117,000 in Q1 2023 [142]. Revenue Recognition and Accounting Policies - Revenue recognition is based on the transfer of control of goods or services, with no material extended payment terms, as payment is typically due shortly after the sale [149]. - The company recognizes contract assets for services completed but not yet invoiced, and contract liabilities as deferred revenue when cash is received in advance [150]. - The company has not incurred any deferred contract costs as of March 31, 2024 [151]. Future Outlook - The company plans to grow market share and may pursue acquisitions within or outside existing markets [119]. - The company anticipates that revenue and earnings may fluctuate due to market expansion and seasonality effects [144].

Revenue and Profitability - Revenue increased by 11.2% to $11.1 million in Q1 2024, up from $10.0 million in Q1 2023, driven by higher sales of projection screens and equipment[6] - Gross profit margin improved to 24.0% of revenue in Q1 2024, compared to 23.3% in the prior year, with gross profit rising to $2.7 million from $2.3 million[6] - Income from operations decreased to $0.2 million in Q1 2024 from $0.5 million in Q1 2023, impacted by higher general and administrative expenses[6] - Net income from continuing operations was $0.1 million in Q1 2024, down from $0.6 million in Q1 2023[6] - Adjusted EBITDA decreased to $0.4 million in Q1 2024 from $0.8 million in the prior year, primarily due to increased general and administrative costs[6] - Net income from continuing operations for Q1 2024 was $119,000, a decrease of 78.9% compared to $564,000 in Q1 2023[21] - Adjusted EBITDA for Q1 2024 was $409,000, down 45.8% from $755,000 in Q1 2023[22] - The company reported a net loss of $73,000 for Q1 2024, compared to a net income of $373,000 in Q1 2023[22] Cash Flow and Assets - Cash and cash equivalents decreased to $5.1 million as of March 31, 2024, from $5.5 million at the end of 2023[18] - Total assets decreased to $25.3 million as of March 31, 2024, down from $26.5 million at the end of 2023[18] - Cash flows from operating activities from continuing operations generated $235,000, a decline of 81.7% from $1,283,000 in the same period last year[21] - Total cash and cash equivalents at the end of Q1 2024 were $5,111,000, an increase from $4,077,000 at the end of Q1 2023[21] - The provision for warranty decreased to $10,000 in Q1 2024 from $44,000 in Q1 2023[21] - Capital expenditures for Q1 2024 were $22,000, a reduction from $75,000 in Q1 2023[21] - Net cash used in investing activities for Q1 2024 was $22,000, down from $158,000 in Q1 2023[21] Strategic Developments - The ICS acquisition contributed positively to revenue growth and is expected to enhance service business scale[4] - Strong Global Entertainment announced a merger with FG Acquisition Corp. valuing Strong/MDI at $30 million, retaining a significant economic stake[6] - The company anticipates that the upgrade activity in the cinema industry will serve as a multi-year growth catalyst[6] Foreign Currency and Borrowings - The company experienced a foreign currency transaction loss of $162,000 in Q1 2024, compared to a loss of $117,000 in Q1 2023[22] - The company had borrowings under credit facility amounting to $2,839,000 in Q1 2024, compared to $1,596,000 in Q1 2023[21]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ 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: 001-41688 STRONG GLOBAL ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) British Columbia, Ca ...

Revenue Growth - Revenue increased by 9.4% to $42.6 million in 2023 from $39.0 million in 2022, driven by higher sales of projection screens and equipment [4]. - Services revenue grew by 26.6% in Q4 2023 and 34.0% for the full year, aided by increased market share and the acquisition of Innovative Cinema Solutions (ICS) [5]. - Screen systems revenue increased by 5.3% in Q4 2023 and 7.2% for the full year, largely due to momentum in laser screen replacements [5]. - Net product sales for the year ended December 31, 2023, were $30,776,000, up 2.2% from $30,119,000 in 2022 [19]. - Net service revenues increased by 34.0% year-over-year to $11,840,000 in 2023 from $8,834,000 in 2022 [19]. Profitability - Gross profit rose to $10.6 million, representing 24.8% of revenues in 2023, compared to $9.5 million or 24.3% in 2022 [12]. - Net income from continuing operations was $3.0 million in 2023, up from $2.3 million in 2022 [12]. - Gross profit for the year was $10,577,000, representing an 11.8% increase compared to $9,462,000 in 2022 [19]. - Net income from continuing operations for Q4 2023 was $3,293,000, compared to $825,000 in Q4 2022 [23]. - The company reported a net loss of $1,905,000 for Q4 2023, compared to a net income of $725,000 in Q4 2022 [23]. Expenses and Adjusted EBITDA - Adjusted EBITDA decreased to $2.6 million in 2023 from $3.2 million in the prior year, impacted by higher general and administrative costs [12]. - Adjusted EBITDA for the year ended December 31, 2023, was $2,625,000, down from $3,216,000 in 2022 [23]. Assets and Cash Flow - Total assets increased to $26.5 million as of December 31, 2023, compared to $25.5 million in 2022 [18]. - Cash and cash equivalents at the end of 2023 were $5,470,000, an increase from $3,615,000 at the beginning of the year [21]. - Net cash provided by operating activities from continuing operations was $3,492,000, up from $1,692,000 in 2022 [21]. Strategic Changes - The company completed the acquisition of ICS assets in Q4 2023, enhancing the scale of its services business [3]. - The company plans to exit the content business to focus resources on core entertainment products and services [3]. Demand and Market Trends - Installation and maintenance services saw increased demand, contributing to overall revenue growth [4]. - The company incurred a foreign currency transaction loss of $406,000 for the year, compared to a gain of $528,000 in 2022 [23].

Revenue Growth - Net revenues increased by 10.3% to $10.9 million in Q3 2023 from $9.9 million in Q3 2022, driven by a $0.3 million increase in product sales and a $0.7 million increase in service revenue [128]. - For the first nine months of 2023, net revenues rose by 36.1% to $38.7 million from $28.4 million in the same period of 2022, with service revenue increasing by 36.9% [137]. Gross Profit - Gross profit for Q3 2023 was $2.8 million, representing 25.8% of revenues, compared to $2.4 million or 23.9% in Q3 2022 [131]. - Gross profit for the first nine months of 2023 was $12.4 million, or 31.9% of revenues, compared to $6.7 million or 23.5% in the same period of 2022 [140]. - Gross profit from service revenue in Q3 2023 was $0.6 million, or 21.8% of revenues, compared to $0.2 million or 10.0% in Q3 2022, indicating improved margins [133]. - Gross profit from service revenue for the first nine months of 2023 was $6.3 million, representing 41.9% of revenues, up from $0.8 million or 13.1% in the same period of 2022 [143]. Operating Income - Income from operations decreased to $0.2 million in Q3 2023 from $0.5 million in Q3 2022, impacted by higher selling and administrative expenses [134]. - Income from operations decreased slightly to $0.7 million in the first nine months of 2023 from $0.8 million in the same period of 2022, impacted by $1.2 million in IPO-related costs and $3.4 million in production participation costs [144]. Cash Flow - Total cash and cash equivalents at the end of Q3 2023 were $3.1 million, down from $3.6 million as of December 31, 2022 [147]. - Net cash used in operating activities was $0.9 million during the first nine months of 2023, an improvement from $1.8 million in the same period of 2022 [151]. - Net cash used in investing activities was $0.8 million in the first nine months of 2023, including $0.3 million in capital expenditures and $0.5 million for acquiring film and television programming rights [152]. - Net cash provided by financing activities was $1.1 million during the first nine months of 2023, primarily from IPO proceeds of $2.4 million and $2.3 million in net borrowings [153]. EBITDA - Adjusted EBITDA for the nine months ended September 30, 2023, was $4.6 million, compared to $1.4 million in the same period of 2022 [161]. Acquisitions and Agreements - The company acquired Unbounded Media Corporation on September 12, 2023, marking the first acquisition in a strategy to build a portfolio of content and services companies [124]. - An asset purchase agreement was entered into with Innovative Cinema Solutions, LLC on November 3, 2023, to enhance market share and improve operating results [125]. Future Expectations - The company expects upgrades from xenon to laser projection to accelerate throughout 2023 and continue for several years [129]. - The company anticipates continued improvement in margins on installation services as it utilizes its internal installation team [143]. Revenue Recognition - Revenue is recognized when a customer obtains control of promised goods or services, measured as the expected consideration for the transfer of goods or services [169]. - Unbilled receivables are recorded as accounts receivable when there is an unconditional right to contract consideration, while deferred revenue is recognized when services are invoiced or cash is received in advance [170]. - The company has no deferred contract costs as of September 30, 2023, or December 31, 2022 [171]. Content Costs and Amortization - Film and television programming rights include unamortized costs of in-process content, with fair value determined using a discounted cash flow methodology [172]. - Costs of producing content are amortized based on the ratio of current period revenues to estimated Ultimate Revenues, requiring management judgment [173]. - For episodic television series, Ultimate Revenues are estimated over a maximum of ten years from the first episode delivery [175]. - Management regularly reviews and revises Ultimate Revenue estimates, which can affect amortization rates and may lead to impairment write-downs [177]. - An impairment charge would be recorded if unamortized costs exceed estimated fair value, reflecting uncertainties in future revenue estimates [178]. Financial Reporting - Historical financial statements were prepared on a stand-alone basis, with costs allocated from FG Group Holdings based on revenue or headcount [179]. - The company is classified as a "smaller reporting company," thus not subject to certain market risk disclosures [180].