Private company

FG Group Holdings Inc.

FG Group Holdings Inc. is an American photographic equipment and supplies company, incorporated in Delaware.1 It is headquartered in Charlotte, North Carolina.1

Last updated Oct 20, 2026.

Overview

  • IndustryPhotographic Equipment & Supplies1
  • HeadquartersCharlotte, North Carolina1
  • Incorporated inDE2
  • Business address4201 Congress Street, Suite 175, Charlotte, Nc 282092
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

26.5%Gross margin3
-5.7%Operating margin3
-17.3%Net margin3
52.6%Revenue growth, 20223
-15.3%Return on equity3
0.11×Debt to equity3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue69¢$30.3M
  • Research and development1¢$300.0K
  • Selling, general and admin29¢$12.8M
  • Income tax1¢$473.0K

Out of $41.2M in revenue.3 The company lost money this year.

Financial statements

Revenue456783$41.2M in 2022−46% since 2016
0$20.0M$40.0M$60.0M$80.0M2016: $76.3M$76.3M20162017: $72.6M$72.6M2017−5%2018: $64.7M$64.7M2018−11%2019: $37.3M$37.3M2019−42%2020: $21.5M$21.5M2020−42%2021: $27.0M$27.0M2021+26%2022: $41.2M$41.2M2022+53%
Gross profit456783$10.9M in 2022−48% since 2016
0$10.0M$20.0M$30.0M2016: $21.2M$21.2M20162017: $18.9M$18.9M2017−11%2018: $12.2M$12.2M2018−36%2019: $12.5M$12.5M2019+2%2020: $5.4M$5.4M2020−57%2021: $8.2M$8.2M2021+52%2022: $10.9M$10.9M2022+33%
Operating income456783-$2.4M in 2022
-$15.0M-$10.0M-$5.0M0$5.0M2016: $4.2M$4.2M20162017: -$2.8M-$2.8M20172018: -$10.3M-$10.3M2018+268%2019: -$2.7M-$2.7M2019−74%2020: -$6.7M-$6.7M2020+146%2021: -$3.1M-$3.1M2021−53%2022: -$2.4M-$2.4M2022−25%
Net income456783-$7.2M in 2022+1653% since 2016
-$20.0M-$10.0M0$10.0M$20.0M2016: -$408.0K-$408.0K20162017: -$3.6M-$3.6M2017+787%2018: -$12.3M-$12.3M2018+241%2019: -$10.1M-$10.1M2019−18%2020: -$347.0K-$347.0K2020−97%2021: $17.9M$17.9M20212022: -$7.2M-$7.2M2022
Fiscal year2016201720182019202020212022
Revenue$76.3M4$72.6M5$64.7M6$37.3M7$21.5M8$27.0M3$41.2M3
Cost of revenue$55.1M4$53.7M5$52.5M6$24.8M7$16.1M8$18.8M3$30.3M3
Gross profit$21.2M4$18.9M5$12.2M6$12.5M7$5.4M8$8.2M3$10.9M3
Research and development$100.0K5$100.0K6$400.0K7$300.0K8$200.0K3$300.0K3
Selling, general and admin$16.9M4$21.5M5$20.4M6$15.1M7$12.0M8$11.3M3$12.8M3
Operating income$4.2M4-$2.8M5-$10.3M6-$2.7M7-$6.7M8-$3.1M3-$2.4M3
Interest
Income before tax$9.0M3-$7.1M3
Income tax-$3.0M4-$3.4M5$2.4M6$2.1M7$1.3M8$3.2M3$473.0K3
Net income-$408.0K4-$3.6M5-$12.3M6-$10.1M7-$347.0K8$17.9M3-$7.2M3
Earnings per share-$0.034-$0.255-$0.866-$0.706-$0.028$1.003-$0.373
Earnings per share (diluted)-$0.034-$0.255-$0.866-$0.706-$0.028$1.003-$0.373
Shares (weighted, basic)18.0M shares319.3M shares3
Shares (weighted, diluted)18.2M shares319.3M shares3

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Corporate structure

FG Group Holdings Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FG Group Holdings Inc.

  • Fundamental Global GP, LLC Filed SC 13D/A on FG Group Holdings Inc., latest Mar 1, 2024 (2 filings since Jul 14, 2022)
  • Par Olof Sanda Filed SC 13G/A on FG Group Holdings Inc., latest Feb 14, 2024 (3 filings since Jan 12, 2022)
  • RENAISSANCE TECHNOLOGIES LLC Filed SC 13G/A on FG Group Holdings Inc., latest Feb 10, 2022
  • FG Group Holdings Inc. Charlotte, North Carolina

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FG Group Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$20.8M3 Dec 31, 2022$14.2M3 Dec 31, 2021+46.6%
Accumulated depreciation$8.1M3 Dec 31, 2022$7.9M3 Dec 31, 2021+2.2%
Property and equipment, net$12.6M3 Dec 31, 2022$6.2M3 Dec 31, 2021+103.2%
Finance-lease assets$666.0K3 Dec 31, 2022$4.0K8 Dec 31, 2020+16550.0%
Operating-lease assets (leased space)$310.0K3 Dec 31, 2022$4.0M3 Dec 31, 2021−92.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.8M3 Dec 31, 2022$8.7M3 Dec 31, 2021−56.6%
Stakes in other companies (equity method)$7.8M3 Dec 31, 2022$5.5M3 Dec 31, 2021+41.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$882.0K3 Dec 31, 2022$942.0K3 Dec 31, 2021−6.4%
Intangible assets, net (excluding goodwill)$5.0K3 Dec 31, 2022$69.0K3 Dec 31, 2021−92.8%
Finite-lived intangibles, gross$1.8M8 Dec 31, 2021$1.7M8 Dec 31, 2020+3.5%
Accumulated amortization-$1.7M8 Dec 31, 2021-$1.4M8 Dec 31, 2020−25.1%
Finite-lived intangibles, net$69.0K8 Dec 31, 2021$353.0K8 Dec 31, 2020−80.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.4M3 Dec 31, 2022$3.3M3 Dec 31, 2021+3.6%
Raw materials$1.8M3 Dec 31, 2022$1.7M3 Dec 31, 2021+8.7%
Work in process$279.0K3 Dec 31, 2022$399.0K3 Dec 31, 2021−30.1%
Finished goods$1.3M3 Dec 31, 2022$1.2M3 Dec 31, 2021+7.7%

Leadership

Who has led FG Group Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Wilmers2006–2009
  2. Gary L. Cavey2010–2014
  3. Kyle Cerminara2015–2020
  4. Mark Daniel Roberson2020–2024

Chair

  1. Kyle Cerminara2015–2020

President

  1. Gary L. Cavey2011–2014
  2. Stephen L. Schilling2015–2017
  3. Ray Boegner2015–2023

Chief financial officer

  1. Brad French2006–2007
  2. Kevin S. Herrmann2006–2011
  3. Mary A. Carstens2011–2013
  4. Nathan D. Legband2014–2016
  5. Ryan M. Burke2016–2017
  6. Lance Schulz V.2017–2018
  7. Mark Daniel Roberson2018–2019
  8. Todd Robert Major2020–2024

Chief operating officer

  1. Christopher D. Stark2009–2014
2010201520202025
Board members and other officers (25)

Former names

  • BALLANTYNE STRONG, INC.Jun 25, 2009 to Dec 16, 20222
  • BALLANTYNE OF OMAHA INCJul 16, 1996 to Jun 8, 20092

Timeline

  1. Feb 29, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights50
  2. Jan 23, 20248-K Entered a material agreement51
  3. Jan 4, 20248-K Entered a material agreement; Regulation FD disclosure52
  4. Dec 6, 20238-K Shareholder vote53
  5. Nov 9, 20238-K Results of operations; Regulation FD disclosure54
  6. Aug 11, 20238-K Results of operations; Regulation FD disclosure55
  7. May 19, 20238-K Entered a material agreement; Executive or director change56
  8. May 17, 20238-K Regulation FD disclosure57
  9. May 15, 20238-K Results of operations; Regulation FD disclosure58
  10. Mar 15, 20238-K Results of operations; Regulation FD disclosure59
  11. Jan 18, 20238-K Entered a material agreement; New debt or obligation60
  12. Jan 18, 20238-K Regulation FD disclosure61
  13. Oct 13, 2020New chief executive Mark Daniel Roberson becomes CEO11
  14. Dec 2, 2015New chief executive Kyle Cerminara becomes CEO12
  15. Nov 12, 2010New chief executive Gary L. Cavey becomes CEO13
  16. Nov 7, 2006New chief executive John Wilmers becomes CEO14

Calendar

When it reported results

  1. Nov 9, 2023Reported quarterly or annual results54
  2. Aug 11, 2023Reported quarterly or annual results55
  3. May 15, 2023Reported quarterly or annual results58
  4. Mar 15, 2023Reported quarterly or annual results59
  5. Nov 8, 2022Reported quarterly or annual results62
  6. Aug 2, 2022Reported quarterly or annual results63
  7. May 11, 2022Reported quarterly or annual results64
  8. Mar 24, 2022Reported quarterly or annual results65

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

112 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 26 major events, 44 insider forms, 6 large holders, 27 other. The latest 20:

  1. Mar 14, 202415-12G EDGAR
  2. Mar 4, 2024EFFECT EDGAR
  3. Mar 1, 2024SC 13D/A EDGAR
  4. Mar 1, 20244 EDGAR
  5. Mar 1, 20244 EDGAR
  6. Mar 1, 20244 EDGAR
  7. Mar 1, 20244 EDGAR
  8. Mar 1, 20244 EDGAR
  9. Mar 1, 20244 EDGAR
  10. Mar 1, 20244 EDGAR
  11. Mar 1, 20244 EDGAR
  12. Mar 1, 20244 EDGAR
  13. Mar 1, 20244 EDGAR
  14. Mar 1, 2024POS AM EDGAR
  15. Mar 1, 2024S-8 POS EDGAR
  16. Mar 1, 2024S-8 POS EDGAR
  17. Mar 1, 2024S-8 POS EDGAR
  18. Mar 1, 2024S-8 POS EDGAR
  19. Mar 1, 2024S-8 POS EDGAR
  20. Mar 1, 2024S-8 POS EDGAR

The 112 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

22 open-market trades by officers, directors and large owners since October 2021: 22 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 3, 2024Roschman Robert JDirectorBuy3,000$1.39$4.2KForm 4
Jun 12, 2023Ballantyne Strong Holdings, LLC10% ownerBuy20,200$1.72$34.7KForm 4
Jun 9, 2023Ballantyne Strong Holdings, LLC10% ownerBuy2,300$1.74$4.0KForm 4
Dec 15, 2022Cerminara KyleDirectorBuy16,920$2.71$45.9KForm 4
Dec 14, 2022Cerminara KyleDirectorBuy3,876$2.75$10.7KForm 4
Dec 13, 2022Ballantyne Strong Holdings, LLC10% ownerBuy23,430$2.74$64.2KForm 4
Dec 12, 2022Ballantyne Strong Holdings, LLC10% ownerBuy6,774$2.62$17.7KForm 4
Dec 8, 2022MOGLIA JOSEPH H10% ownerBuy41,024$2.91$119.4KForm 4
Dec 7, 2022MOGLIA JOSEPH H10% ownerBuy8,976$2.64$23.7KForm 4
Dec 6, 2022MOGLIA JOSEPH H10% ownerBuy71,423$2.88$205.7KForm 4
Dec 5, 2022MOGLIA JOSEPH H10% ownerBuy5,538$2.53$14.0KForm 4
Dec 2, 2022MOGLIA JOSEPH H10% ownerBuy1,205$2.50$3.0KForm 4
Dec 1, 2022MOGLIA JOSEPH H10% ownerBuy4,726$2.50$11.8KForm 4
Nov 30, 2022Cerminara KyleDirectorBuy4,878$2.48$12.1KForm 4
Nov 29, 2022Cerminara KyleDirectorBuy4,608$2.41$11.1KForm 4
Nov 28, 2022MOGLIA JOSEPH H10% ownerBuy4,945$2.33$11.5KForm 4
Nov 25, 2022MOGLIA JOSEPH H10% ownerBuy2,677$2.26$6.0KForm 4
Jun 16, 2022Cerminara KyleDirectorBuy10,418$2.49$25.9KForm 4
Jun 15, 2022MOGLIA JOSEPH H10% ownerBuy19,582$2.52$49.3KForm 4
Jun 14, 2022Fundamental Global GP, LLC10% ownerBuy42,100$2.55$107.4KForm 4

All 22 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How FG Group Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFG Group Holdings Inc.1
  • CIK0000946454
  • Employer ID (EIN)47-05877031
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3861 Photographic Equipment & Supplies1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address4201 Congress Street, Suite 175, Charlotte, NC 282091
  • Phone(704) 994-82791
  • Shares outstanding19,708,184 as of Nov 7, 202310
  • Public float$30.3M as of Jun 30, 20223
  • On EDGAR sinceMay 15, 19961
  • Filings1,223 in all: 4 (588), 8-K (223), 10-Q (84), SC 13G/A (52), SC 13D/A (30), 3 (29), DEF 14A (27), 10-K (26)1
    All 47 form types

    SC 13G (18), DEFA14A (16), S-8 POS (15), 10-K/A (12), S-8 (9), UPLOAD (9), SC 13D (7), 4/A (6), 8-K/A (6), CORRESP (6), 424B3 (5), ARS (5), 8-A12B (4), PRE 14A (4), S-3 (4), EFFECT (3), S-1/A (3), SD (3), 10-Q/A (2), 424B4 (2), 424B5 (2), DFAN14A (2), POS AM (2), PREC14A (2), S-1 (2), S-3/A (2), 10-K405 (1), 15-12G (1), 25-NSE (1), 5 (1), AW (1), CERTAMX (1), DEFC14A (1), DEFM14A (1), DEFR14A (1), FWP (1), NT 10-K (1), NT 10-Q (1), PRRN14A (1)

  • Latest filingsAnnual report (10-K) Mar 16, 2023
    Quarterly report (10-Q) Nov 14, 2023
    Proxy statement (DEF 14A) Oct 18, 2023
    Latest 8-K (8-K) Feb 29, 2024

Sources

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