---
title: "FG Financial Pref Share FGFPP 8 02/28/23 | 10-Q: FY2025 Q1 Revenue: USD 392 K"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/240238981.md"
datetime: "2025-05-14T21:23:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/240238981.md)
  - [en](https://longbridge.com/en/news/240238981.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/240238981.md)
---

# FG Financial Pref Share FGFPP 8 02/28/23 | 10-Q: FY2025 Q1 Revenue: USD 392 K

Revenue: As of FY2025 Q1, the actual value is USD 392 K.

EPS: As of FY2025 Q1, the actual value is USD -8.03.

EBIT: As of FY2025 Q1, the actual value is USD -8.85 M.

### Merchant Banking Segment

-   **Net Loss on Equity Holdings and Other Holdings**: The segment reported a net loss of $6.4 million for the three months ended March 31, 2025, compared to a net loss of $3.4 million in the same period in 2024, primarily due to declines in the market value of the common stock of Saltire and GreenFirst Forest Products.

### Managed Services Segment

-   **Product Sales**: Revenue from product sales was $3.5 million for the three months ended March 31, 2025, down from $4.6 million in the same period in 2024, reflecting a decrease in cinema customer projects.
-   **Services Revenue**: Services revenue was $3.3 million for the three months ended March 31, 2025, slightly up from $3.2 million in the same period in 2024.
-   **Total Revenue**: The segment’s total revenue was $6.6 million for the three months ended March 31, 2025, compared to $7.7 million in the same period in 2024.
-   **Direct Costs of Products and Services**: Direct costs were $2.9 million for the three months ended March 31, 2025, compared to $3.7 million in the same period in 2024.

### Other Segment

-   **Total Revenue**: The segment reported total revenue of $0.1 million for the three months ended March 31, 2025, compared to $0.2 million in the same period in 2024.

### Cash Flow

-   **Net Cash Used in Operating Activities**: The company used $2.2 million in net cash from operating activities for the three months ended March 31, 2025, compared to $1.2 million in the same period in 2024.
-   **Net Cash Provided by Investing Activities**: The company generated $1.5 million in net cash from investing activities for the three months ended March 31, 2025, compared to $2.2 million in the same period in 2024.
-   **Net Cash Used in Financing Activities**: The company used $0.7 million in net cash from financing activities for the three months ended March 31, 2025, consistent with the same period in 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: The company expects order volumes and revenues to trend upward as the year progresses, although it is closely monitoring the economic environment and customer order trends.
-   **Non-Core Business**: The company intends to sell its reinsurance operations in 2025, with a portion of the business expected to be sold for $5.6 million in the first half of the year.

### Related Stocks

- [FGFPP.US](https://longbridge.com/en/quote/FGFPP.US.md)
- [FGNXP.US](https://longbridge.com/en/quote/FGNXP.US.md)

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