Financial insights of GLGI

MyFinsight

For the quarter ending 2025-08-31, GLGI made $10,732,573 in revenue. -$1,099,022 in net income. Net profit margin of -10.24%.

Unit: Dollar

Income Statement	2025-08-31	2025-02-28	2024-11-30	2024-08-31
Sales	10,732,573	14,315,798	12,135,247	13,460,647
Cost of sales	10,414,230	11,577,980	10,754,713	11,557,753
Gross profit	318,343	2,737,818	1,380,534	1,902,894
Selling, general and administrative expenses	1,543,327	1,374,914	1,360,957	1,820,191
Gain on involuntary conversions (note 4)	0	-	-	741,821
Operating income (loss)	-1,224,984	1,362,904	19,577	824,524
Other income	5,119	45,486	51,081	19,389
Interest expense	229,829	248,705	275,372	294,709
Income (loss) before income taxes	-1,449,694	1,159,685	-204,714	549,204
Benefit (provision) for income taxes	-350,672	194,020	-	213,750
Net income	-	965,665	-204,714	335,454
Net income (loss)	-1,099,022	-	-	-
Preferred dividends	0	115,798	140,583	148,082
Net income (loss) attributable to common stockholders	-1,099,022	849,867	-345,297	187,372

Basic (in dollars per share)	-0.04	0.03	-0.01	0.01
Diluted (in dollars per share)	-0.04	0.03	-0.01	0.01
Us-gaap_weightedaveragenumberofdilutedsharesoutstanding	27,774,105	28,592,593	28,279,701	28,775,996
Weighted-average shares outstanding - basic (in shares)	27,278,050	28,097,494	28,279,701	28,279,701