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FG Group Holdings (FG Group Holdings) Net Income : $-11.14 Mil (TTM As of Sep. 2023)


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What is FG Group Holdings Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. FG Group Holdings's Net Income for the three months ended in Sep. 2023 was $-3.32 Mil. Its Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was $-11.14 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. FG Group Holdings's Earnings per Share (Diluted) for the three months ended in Sep. 2023 was $-0.17.


FG Group Holdings Net Income Historical Data

The historical data trend for FG Group Holdings's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FG Group Holdings Net Income Chart

FG Group Holdings Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.33 -10.10 -0.35 17.94 -7.15

FG Group Holdings Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.20 1.44 -3.99 -5.27 -3.32

FG Group Holdings Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

FG Group Holdings's Net Income for the fiscal year that ended in Dec. 2022 is calculated as

Net Income(A: Dec. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-7.084+-0.473+0+0.403
=-7.15

FG Group Holdings's Net Income for the quarter that ended in Sep. 2023 is calculated as

Net Income(Q: Sep. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-1.758+0.101+0+-1.664
=-3.32

Net Income for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.14 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FG Group Holdings  (AMEX:FGH) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

FG Group Holdings's Earnings per Share (Diluted) (EPS) for the quarter that ended in Sep. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


FG Group Holdings Net Income Related Terms

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FG Group Holdings (FG Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
5960 Fairview Road, Suite 275, Charlotte, NC, USA, 28210
FG Group Holdings Inc is a holding company with business operations in the entertainment industry and holdings in public and privately held companies. It manufactures and distributes projection screens and provides technical support services and other related products and services to the cinema exhibition industry, theme parks, schools, museums, and other entertainment-related markets. It also distributes and supports third-party products, including digital projectors, servers, library management systems, menu boards, and sound systems. It generates majority revenue from Strong Entertainment business segment.
Executives
Fundamental Global Gp, Llc 10 percent owner 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Ballantyne Strong Holdings, Llc 10 percent owner 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Joseph H Moglia 10 percent owner AMERITRADE HOLDING CORP, 4211 S 102ND ST, OMAHA NE 68127
Kyle Cerminara director, 10 percent owner C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Michael C Mitchell director C/O BALLANTYNE STRONG, INC., 4201 CONGRESS STREET, SUITE 175, CHARLOTTE NC 28209
Swets Larry G Jr director 105 S. MAPLE ST., ITASCA IL 60143
Fundamental Global Investors, Llc director, 10 percent owner 136 CORPORATE PARK DRIVE, SUITE G, MOORESVILLE NC 28117
Todd Robert Major officer: CFO, Sec. & Treas. 4201 CONGRESS STREET, SUITE 175, CHARLOTTE NC 28209
Lewis M Johnson director, 10 percent owner C/O FUNDAMENTAL GLOBAL INVESTORS, LLC, 108 GATEWAY BLVD., SUITE 204, MOORESVILLE NC 28117
Mark D. Roberson officer: CFO 27271 LAS RAMBLAS, STE. 200, MISSION VIEJO CA 92691
Jack H Jacobs director 101 OAKS ROAD, MILLINGTON NJ 07946
Stephen L. Schilling officer: President, CMS C/O BALLANTYNE STRONG, INC., 13710 FNB PARKWAY, SUITE 400, OMAHA NE 68154
Lance V. Schulz officer: CFO C/O BALLANTYNE STRONG, INC., 11422 MIRACLE HILLS DRIVE, SUITE 300, OMAHA NE 68154
Robert J Roschman director 1759 SE 10TH STREET, FORT LAUDERDALE FL 33316
Ryan M. Burke officer: SVP & CFO C/O BALLANTYNE STRONG, INC., 13710 FNB PARKWAY, SUITE 400, OMAHA NE 68154