FGI Industries Ltd. Warrant

FGI Industries reported Q3 2024 revenue of $36.1 million, up 20.6% year-over-year, with record gross profit of $9.3 million. However, the company significantly cut 2024 profitability guidance to a range of negative $1 million to breakeven from prior positive projections, citing higher freight costs, promotional expenses, and elevated operating in...

FGI reported Q2 2025 revenue of $31 million (up 5.5% YoY) but faced significant headwinds from tariff uncertainty that caused industry-wide order pauses and compressed gross margins by 240 basis points to 28.1%. The company is implementing a China Plus One sourcing strategy to diversify supply chains and expects margin recovery in H2 2025, with f...