FGXCU
FGXCU
FG Merger III Corp. UnitIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2025 | $0 | $19.32K ▲ | $-19.32K ▼ | 0% | $0 | $-19.32K ▼ |
| Q1-2024 | $0 | $1.3K ▲ | $-1.3K ▼ | 0% | $0 | $-1.3K ▼ |
| Q4-2023 | $0 | $1.14K | $-1.14K | 0% | $0 | $-1.14K |
What's going well?
There are no debt or interest costs, so the company isn't burdened by loans. If this is a startup, it may be investing ahead of launching a product.
What's concerning?
The company has no sales at all, but expenses have jumped massively. Losses are growing fast, and there's no sign of a working business yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2025 | $82.81K ▼ | $201.15K ▼ | $199.05K ▲ | $2.1K ▼ |
| Q4-2023 | $150K | $202.5K | $178.55K | $23.95K |
What's financially strong about this company?
The company still holds $82.8B in cash, and there are no intangible assets or goodwill that could be written down. Asset quality is tangible and clear.
What are the financial risks or weaknesses?
Short-term debt is massive and due soon, cash has dropped by nearly half, and equity is barely positive. Accrued expenses are very high, and the company has a history of losses.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2023 | $-1.14K | $-59.43K | $0 | $150K | $90.57K | $-59.43K |
What's strong about this company's cash flow?
The company was able to raise significant cash from outside sources, ending the quarter with $90,574 in cash. This gives it some short-term flexibility.
What are the cash flow concerns?
Operations are burning through cash quickly, and the company is completely reliant on new debt and stock sales to survive. Without more outside funding, cash will run out soon.
About FG Merger III Corp. Unit
FG Merger III Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Itasca, Illinois. FG Merger III Corp. operates as a subsidiary of FG Merger Investors III LLC.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2025 | $0 | $19.32K ▲ | $-19.32K ▼ | 0% | $0 | $-19.32K ▼ |
| Q1-2024 | $0 | $1.3K ▲ | $-1.3K ▼ | 0% | $0 | $-1.3K ▼ |
| Q4-2023 | $0 | $1.14K | $-1.14K | 0% | $0 | $-1.14K |
What's going well?
There are no debt or interest costs, so the company isn't burdened by loans. If this is a startup, it may be investing ahead of launching a product.
What's concerning?
The company has no sales at all, but expenses have jumped massively. Losses are growing fast, and there's no sign of a working business yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2025 | $82.81K ▼ | $201.15K ▼ | $199.05K ▲ | $2.1K ▼ |
| Q4-2023 | $150K | $202.5K | $178.55K | $23.95K |
What's financially strong about this company?
The company still holds $82.8B in cash, and there are no intangible assets or goodwill that could be written down. Asset quality is tangible and clear.
What are the financial risks or weaknesses?
Short-term debt is massive and due soon, cash has dropped by nearly half, and equity is barely positive. Accrued expenses are very high, and the company has a history of losses.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2023 | $-1.14K | $-59.43K | $0 | $150K | $90.57K | $-59.43K |
What's strong about this company's cash flow?
The company was able to raise significant cash from outside sources, ending the quarter with $90,574 in cash. This gives it some short-term flexibility.
What are the cash flow concerns?
Operations are burning through cash quickly, and the company is completely reliant on new debt and stock sales to survive. Without more outside funding, cash will run out soon.
CEO
Larry Gene Swets Jr.,