Fundamental Global Inc.
Description
Fundamental Global Inc. engages in reinsurance, merchant banking, and asset management business. The company offers initial public offering services. It also offers specialty property and casualty reinsurance services. In addition, the company provides investment advisory services. Fundamental Global Inc. was founded in 1932 and is based in Mooresville, North Carolina.
About
CEO
Mr. Daniel Kyle Cerminara C.F.A., CFA
Employees
174
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Diversified
MIC code
XNMS
Address
108 Gateway Boulevard, Mooresville, NC 28117, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 12, 2025 | — | — | — | — |
| Aug 12, 2025 | — | — | — | — |
| May 19, 2025 | — | — | — | — |
| Mar 26, 2025 | — | — | — | — |
| May 12, 2023 | — | 0.10 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr.
—
Current year
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Next year
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Next 5 years (per annum)
—
Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 23.71M | 12.48M | 4.15M | -17.42M | 5.50M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 9.66M | 8.35M | 9.18M | 5.97M | 2.48M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | 413,000 | 320,000 | 186,000 | 104,000 | 10,000 |
| Pretax income | 3.85M | 1.09M | -7.33M | -23.12M | 3.12M |
| Tax provision | — | — | — | -665,000 | 738,000 |
| Net income | 3.85M | 1.09M | -7.19M | -22.46M | 311,000 |
| Basic EPS | 5.25 | -2.25 | -49.00 | -103.75 | -4.50 |
| Diluted EPS | 5.25 | -2.25 | -49.00 | -103.79 | -4.50 |
| Basic average shares | 399,679 | 321,204 | 208,510 | 229,850 | 240,741 |
| Diluted average shares | 399,679 | 321,204 | 208,510 | 229,850 | 240,741 |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 3.85M | 1.09M | -7.19M | -22.46M | 2.38M |
| Minority interests | — | — | -1.33M | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 2.40M | 3.01M | 15.54M | 12.13M | 28.51M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 21.57M | 9.27M | 3.85M | — | — |
| Other receivables | — | — | — | 36,000 | 46,000 |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | 481,000 | 142,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 4.55M | 841,000 | 1.42M | 17.89M | 33.49M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 206,000 | 723,000 | 502,000 | 455,000 | 400,000 |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | — | — | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | 106,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 10,000 | 9,000 | 6,000 | 6,000 | 6,000 |
| Retained earnings | -33.15M | -35.10M | -34.40M | -24.19M | -336,000 |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 42.49M | 37.30M | 34.01M | 34.19M | 62.92M |
| Additional paid in capital | 53.26M | 50.02M | 46.04M | 47.07M | 46.75M |
| Treasury stock | — | — | — | 6.19M | 1.01M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 3.85M | 1.09M | -7.19M | -22.46M | 2.38M | -1.27M | 294,000 | 11,000 | -1.67M | 3.65M | -748,000 | -120,000 |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | — | — | — | -106,000 | 371,000 | -26,000 | 404,000 | 87,000 | -243,000 | 309,000 | -412,000 | -159,000 |
| Stock-Based Compensation | 1.96M | 255,000 | 559,000 | 311,000 | 414,000 | 337,000 | 31,000 | 38,000 | 47,000 | 126,000 | — | — |
| Other Non-Cash Items | — | — | -6.48M | -1.90M | — | 612,000 | — | 393,000 | 3.32M | 126,000 | -2.91M | -404,000 |
| Accounts Receivable | -12.41M | -5.42M | -2.13M | -459,000 | 244,000 | -22,000 | -14.73M | -4.50M | -66,000 | 1.36M | -1.71M | -2.09M |
| Accounts Payable | -196,000 | -129,000 | 600,000 | 79,000 | 331,000 | -44,000 | 303,000 | 1.95M | 724,000 | 2.51M | -25,000 | 75,000 |
| Other Assets & Liabilities | -571,000 | 114,000 | -4.09M | -315,000 | -121,000 | 1.41M | 2.44M | 293,000 | 40,000 | 893,000 | 389,000 | -39,000 |
| Operating Cash Flow | -7.37M | -4.09M | -18.72M | -24.85M | 3.62M | 996,000 | -11.26M | -1.74M | 2.15M | 8.97M | -5.42M | -2.74M |
| Investing Activities | ||||||||||||
| Capital Expenditures | — | -81,000 | -14,000 | -13,000 | -3,000 | — | -28,000 | -83,000 | -48,000 | -223,000 | -47,000 | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -495,000 | -8.84M | — | — | — | — | — | — | -305,000 | — | 1.88M | — |
| Purchase of Investments | -950,000 | — | — | -1.28M | -1.01M | -11.44M | -33.31M | -12.07M | -10.07M | -12.31M | -302,000 | -100,000 |
| Sale of Investments | 4.79M | 928,000 | 5.91M | 138,000 | 18.00M | 1.10M | 6.36M | 5.30M | 1.05M | — | 1.88M | — |
| Investing Cash Flow | 3.34M | -8.00M | 5.90M | -1.16M | 16.99M | -10.34M | -26.98M | -6.85M | -9.37M | -12.53M | 3.40M | -100,000 |
| Financing Activities | ||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | -65,000 | — | — | — | — | — | — |
| Other Financing Charges | — | — | 4.15M | — | — | — | — | — | — | — | 1.20M | — |
| Financing Cash Flow | -506,000 | 1.94M | 11.92M | -3.94M | -1.40M | 11.78M | -16,000 | -1.44M | -1.73M | 38.26M | 1.20M | 5.68M |
| Other Cash Details | ||||||||||||
| End Cash Position | 2.40M | 3.01M | 15.54M | 12.13M | 28.51M | 30.90M | 23.58M | 43.05M | 47.96M | 53.64M | 15.01M | 5.53M |
| Income Tax Paid | — | — | — | 100,000 | — | 1.61M | 155,000 | 128,000 | 775,000 | 1.51M | 97,000 | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -4.22M | -11.10M | -14.42M | -11.30M | -20.64M | 24.79M | 7.50M | 3.29M | 5.37M | 12.68M | 6.71M | -50,000 |
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Article
Fundamental Global Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A
Mooresville, NC, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (Nasdaq: FGF) (the “Company” or "Fundamental Global"), formerly known as FG Financial Group, Inc., today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on September 15, 2024, and ending on December 14, 2024.
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Fundamental Global Inc. Reports Third Quarter 2024 Financial Results
Mooresville, NC, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the “Company” or “Fundamental Global”) today announced results for the third quarter ended September 30, 2024.
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Fundamental Global Inc. Merchant Banking Client Aldel Financial II Inc. Announces Closing of $230 Million Initial Public Offering
Mooresville, NC, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (“Fundamental Global” or the “Company”) is pleased to announce that Aldel Financial II Inc. (Aldel Financial II”), one of the Company's merchant banking holdings, has successfully completed a $230 million initial public offering.
Nov 5, 2024
