Fundamental Global reports Q1 EPS (26c) vs. (42c) last year

Reports Q1 revenue $8.6M vs. $6.6M last year. Kyle Cerminara, Chairman and CEO of Fundamental Global, commented, “We are pleased to report our first quarter as a combined company following the merger of FG Group Holdings and FG Financial Group. With the completion of the merger and transition well underway, our goal is to simplify all of our operations, reduce public company costs and focus our efforts on accelerating growth in select scalable and high ROIC businesses. In April, we announced the sale of our Digital Ignition business in Georgia which reduces debt, increases cash and decreases overhead costs. Also in April we announced the planned combination of Strong/MDI Screen Systems with FG Acquisition Corp., which will form a Saltire Inc as new investment platform in Canada and potentially unlock and grow the value of our investment in Strong/MDI. We are continuing to focus on ways to reduce costs, streamline and focus our efforts on shareholder returns.”