Event-Driven Stocks

FG Group Holdings Inc.

Industrials · Photographic Equipment & Supplies · DE · SEC filings ↗ · Compare ⊕

Signs4 good3 warning1 severedetails ↓

Financials

SEC XBRL · annual
 FY22FY21FY20FY19FY18FY17
Revenue$41.2M$27.0M$21.5M$37.3M$64.7M$72.6M
Operating income−$2.4M−$3.1M−$6.7M−$2.7M−$10.3M−$2.8M
Net income−$7.2M$17.9M−$347,000−$10.1M−$12.3M−$3.6M
Total assets$71.8M$75.8M$55.5M$57.6M$59.6M$59.0M
Total liabilities$25.1M$23.5M$28.4M$31.9M$28.6M$14.9M
Equity$46.7M$52.3M$27.1M$25.7M$31.0M$44.1M
EPS (diluted)$-0.37$1.00$-0.02$-0.70$-0.86$-0.25
Shares out.19.3M18.3M14.7M14.5M14.4M14.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2022
Operating margin
−5.7%
Net margin
−17.3%
Return on equity
−15.3%
Return on assets
−10.0%
Return on capital (ROCE)
−4.1%
Liabilities / assets
34.9%
Debt / equity
0.54×
Book value / share
$2.43
Revenue growth (YoY)
52.6%
Net income growth (YoY)
−139.9%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2022
Altman Z″ (distress)
2.84safe
Accruals / assets
5.0%clean
Beneish M-Score
-2.23normal
Piotroski F-Score
3/9weak

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
50
/ 100
Profitability 0Growth 50Catalyst 33Earnings quality 67Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

1 severe3 warning4 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Negative operating cash flow
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗
  • 15-12GMar 14, 2024
  • EFFECTMar 4, 2024
  • SC 13D/AMar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • 4Mar 1, 2024
  • POS AMMar 1, 2024

Event-driven situations (2)