FGMC - FG Merger Corp. Stock Price, Fair Value and News

4.82USD Market Closed

Market Summary

USD4.82

Market Closed

FGMC Stock Price

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FGMC RSI Chart

FGMC Valuation

Market Cap

48.9M

Price/Earnings (Trailing)

-3.07

Price/Sales (Trailing)

5.86

Price/Free Cashflow

-5.54

FGMC Price/Sales (Trailing)

FGMC Profitability

Return on Equity

-358.23%

Return on Assets

-101.49%

Free Cashflow Yield

-18.04%

FGMC Fundamentals

FGMC Revenue

Revenue (TTM)

8.4M

Rev. Growth (Yr)

19.87%

Rev. Growth (Qtr)

22.21%

FGMC Earnings

Earnings (TTM)

-15.9M

Earnings Growth (Yr)

-878.02%

Earnings Growth (Qtr)

-94.7%

Breaking Down FGMC Revenue

Last 7 days

-44.7%

Last 30 days

-54.8%

Last 90 days

-54.3%

Trailing 12 Months

-53.6%

How does FGMC drawdown profile look like?

FGMC Financial Health

Current Ratio

0.4

Debt/Equity

0.32

Debt/Cashflow

-6.21

FGMC Investor Care

Buy Backs (1Y)

0.07%

Historical Charts for Stock Metrics

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Net sales

Year	Q2	Q3	Q4
2023	7.8M	7.8M	8.4M
2022	6.0M	7.0M	8.0M
2021	0	0	5.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of FG Merger Corp.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2022	swets larry g jr	bought	550,000	10.00	55,000	-
Mar 01, 2022	baqar hassan	bought	550,000	10.00	55,000	-
Mar 01, 2022	cerminara kyle	bought	550,000	10.00	55,000	-
Mar 01, 2022	fg merger investors llc	bought	550,000	10.00	55,000	-

Which funds bought or sold FGMC recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Feb 14, 2024	RIVERNORTH CAPITAL MANAGEMENT, LLC	sold off	-100	-25,349	-	-%
Feb 14, 2024	RIVERNORTH CAPITAL MANAGEMENT, LLC	sold off	-100	-1,629,080	-	-%

Are Funds Buying or Selling FGMC?

Are funds buying FGMC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FGMC

No. of Funds

Unveiling FG Merger Corp.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	radcliffe capital management, l.p.	0.00%	0	SC 13G/A
Feb 14, 2024	cvi investments, inc.	4.1%	382,363	SC 13G/A
Feb 09, 2024	periscope capital inc.	8.3%	805,700	SC 13G
Feb 07, 2024	linden capital l.p.	4.1%	384,595	SC 13G/A
Feb 05, 2024	hudson bay capital management lp	1.19%	106,300	SC 13G/A
Feb 05, 2024	space summit capital llc	0%	0	SC 13G/A
Feb 14, 2023	fg merger investors llc	19.80%	2,007,500	SC 13G
Feb 08, 2023	hudson bay capital management lp	5.91%	6e+05	SC 13G
Feb 08, 2023	space summit capital llc	5.31%	427,441	SC 13G/A

Recent SEC filings of FG Merger Corp.

View All Filings

Date Filed	Form Type	Document
May 10, 2024	8-K	Current Report
May 08, 2024	8-K	Current Report
May 01, 2024	PRE 14A	PRE 14A
Apr 29, 2024	10-K/A	Annual Report
Apr 19, 2024	10-K	Annual Report
Apr 03, 2024	8-K	Current Report
Apr 01, 2024	NT 10-K	NT 10-K
Feb 28, 2024	8-K	Current Report
Feb 16, 2024	8-K	Current Report
Feb 14, 2024	SC 13G/A	Major Ownership Report

FG Merger Corp. News

Latest updates

FG Merger Corp. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)							(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2022Q4	2022Q3	2022Q2	2021Q4
Revenue	22.2%	2,450	2,005	1,856	2,044	1,889	2,011	-
Gross Profit	28.7%	1,914	1,487	1,372	1,574	1,371	1,390	-
Operating Expenses	61.3%	6,308	3,910	3,481	3,100	2,438	2,602	-
S&GA Expenses	87.2%	6,718	3,590	3,189	3,770	2,152	2,262	-
Interest Expenses	-78.6%	102	478	271	224	217	189	-
Income Taxes	100.0%	-	-292	456	-314	529	-	-
Net Income	-94.7%	-7,613	-3,910	-2,707	-778	-1,401	-1,487	-4,964
Net Income Margin	-63.5%	-1.91*	-1.17*	-0.84*	-0.65*	-0.64*	-1.34*	-1.00*
Free Cashflow	-4579.4%	-7,063	158	-	-	-	-	-

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet										(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q2
Assets	-4.4%	15,687	16,405	6,408	84,600	6,556	84,043	83,766	83,867	6,630	-
Current Assets	73.8%	3,508	2,019	1,119	405	1,092	1,046	1,141	1,339	1,013	-
Cash Equivalents	166.6%	1,219	457	69.00	229	196	163	164	957	72.00	27.00
Net PPE	1.0%	202	200	200	-	74.00	-	-	-	93.00	-
Goodwill	0%	1,485	1,485	1,485	-	1,485	-	-	-	1,485	798
Liabilities	-	11,242	-	10,635	988	9,058	8,200	7,341	6,483	5,625	-
Current Liabilities	-1.4%	8,876	8,998	9,879	988	6,799	71.00	71.00	81.00	4,054	-
Long Term Debt	-	1,420	-	-	-	1,449	-	-	-	-	-
LT Debt, Non Current	-	1,420	-	-	-	1,449	-	-	-	-	-
Shareholder's Equity	-30.6%	4,444	6,404	-	-	61.00	975	1,070	369	1,005	-
Retained Earnings	-7.1%	-115,038	-107,425	-93,271	-583	-82,861	87.00	-190	-98.58	-82,795	-
Additional Paid-In Capital	5.0%	119,482	113,828	88,849	-	80,360	887	1,260	1,356	83,633	-
Shares Outstanding	20.2%	10,068	8,373	-	2,108	6,076	5,778	2,108	-	167,493	-
Float	-	-	-	85,200	-	-	-	80,498	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)											(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2
Cashflow From Operations	-4579.4%	-7,063	158	-2,126	207	403	-240	-1,036	-398	-	-	-
Share Based Compensation	-	507	-	-	-	-	-	-	256	-	-	-
Cashflow From Investing	97.6%	-225	-9,479	-9.94	-499	-93.02	-71.05	82,398	-82,528	-	-	-
Cashflow From Financing	-17.1%	8,050	9,711	-	-	-276	310	-82,226	83,884	-	-	-
Buy Backs	-100.0%	-	600	-	-	-	-	45.00	-	-	-	-

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FGMC Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 8,151,587	$ 7,987,902
Cost of sales	2,029,145	2,243,253
Gross profit	6,122,442	5,744,649
Expenses
Selling, general and administrative	15,124,081	9,254,670
Depreciation and amortization	1,274,963	1,292,085
Total operating expenses	16,399,044	10,546,755
Loss from operations	(10,276,602)	(4,802,106)
Other income expense
Interest expense	(1,109,388)	(785,406)
Finance charges	(1,287,916)	(426,419)
Change in fair value of forward purchase agreement	(2,312,116)	0
Impairment of intangible asset	(105,676)	0
Other expense	(459,965)	(65,893)
Total other expense	(5,275,061)	(1,277,718)
Net loss	(15,551,663)	(6,079,824)
Dividends to common stockholders	0	(1,794,704)
Preferred dividends	(368,699)	0
Net loss attributable to common stockholders	$ (15,920,362)	$ (7,874,528)
Net loss per share, basic and diluted	$ (2.17)	$ (1.37)
Weighted average number of shares, basic and diluted	7,349,541	5,768,249

FGMC Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash	$ 1,219,358	$ 196,153
Accounts receivable, net	563,905	414,809
Prepaid expenses and other current assets	1,725,062	480,706
Total current assets	3,508,325	1,091,668
Property and equipment, net	202,421	74,194
Right of use lease asset - operating	1,122,412	944,487
Software development costs, net	903,412	531,061
Acquired technology, net	0	79,428
Customer relationships, net	2,980,412	2,350,380
Forward purchase agreement	5,484,556	0
Goodwill	1,484,966	1,484,966
Total long-term assets	12,178,179	5,464,516
TOTAL ASSETS	15,686,504	6,556,184
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable and accrued expenses	3,243,338	2,336,174
Operating lease liability, current portion	241,945	169,417
Notes payable, current portion	4,720,455	4,034,865
Related party notes payable	550,974	244,666
Deferred revenue	119,598	13,847
Total current liabilities	8,876,310	6,798,969
Long-term debt, net of current maturities	1,420,137	1,449,261
Operating lease liability, net of current portion	945,889	809,458
Total long-term liabilities	2,366,026	2,258,719
TOTAL LIABILITIES	11,242,336	9,057,688
Commitments and Contingencies (Note 11)	0	0
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred Stock par value $0.0001; 40,000,000 shares authorized; Issued and Outstanding: 3,755,209 as of December 31, 2023 and 0 as of December 31, 2022	376	0
Common Stock par value $0.0001; 100,000,000 shares authorized; Issued and Outstanding: 10,068,477 as of December 31, 2023 and 6,076,078 as of December 31, 2022	1,007	608
Additional paid-in-capital	119,481,543	80,359,848
Accumulated deficit	(115,038,758)	(82,861,960)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	4,444,168	(2,501,504)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUIITY(DEFICIT)	$ 15,686,504	$ 6,556,184

About FG Merger Corp.

iCoreConnect Inc., a cloud-based software and technology company, provides Health Insurance Portability and Accountability Act (HIPAA) compliant cloud-based software as a service (SaaS) in the United States. The company's products include iCoreRx, a HIPAA compliant electronic prescription software; iCorePDMP, a solution that checks the patient's Prescription Drug Monitoring Program (PDMP) history before prescribing controlled substances; iCoreVerify and iCoreVerify+, a HIPAA compliant SaaS solution that automatically retrieves a patients insurance eligibility breakdown to verify their benefits in advance of their appointment and on-demand; iCoreHuddle and iCoreHuddle+, a tool to instantly reveal the revenue potential of each patient; and iCoreCodeGenius, a medical coding reference SaaS solution. It also offers iCoreExchange, a SaaS email solution that allows doctors to send and receive secure email with attachments to and from other healthcare professionals; iCoreCloud, ability to backup their on-premise servers and computers to the cloud; iCorePay, a patient payment processing solutions for payment and revenue cycle tracking; iCoreSecure, secure SaaS solution that solves privacy concerns in the insurance, real estate, financial and many other industry sectors; and iCoreIT, an IT managed services. The company was formerly known as iMedicor, Inc. and changed its name to iCoreConnect Inc. in June 2017. iCoreConnect Inc. was founded in 1992 and is headquartered in Ocoee, Florida.

CEO	Mr. Robert P. McDermott
WEBSITE	icoreconnect.com
INDUSTRY	Shell Companies
EMPLOYEES	41

FG Merger Corp. Frequently Asked Questions

What is the ticker symbol for FG Merger Corp.? What does FGMC stand for in stocks?

FGMC is the stock ticker symbol of FG Merger Corp.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of FG Merger Corp. (FGMC)?

As of Tue Apr 30 2024, market cap of FG Merger Corp. is 48.93 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FGMC stock?

You can check FGMC's fair value in chart for subscribers.

What is the fair value of FGMC stock?

You can check FGMC's fair value in chart for subscribers. The fair value of FG Merger Corp. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of FG Merger Corp. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FGMC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is FG Merger Corp. a good stock to buy?

The fair value guage provides a quick view whether FGMC is over valued or under valued. Whether FG Merger Corp. is cheap or expensive depends on the assumptions which impact FG Merger Corp.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FGMC.

What is FG Merger Corp.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 30 2024, FGMC's PE ratio (Price to Earnings) is -3.07 and Price to Sales (PS) ratio is 5.86. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FGMC PE ratio will change depending on the future growth rate expectations of investors.