Page 17 - 2022 Annual Report 2022 FINAL

By 2025 FGMA will;

 be on a journey to achieve a net revenue over $40 million by 2030;
Our net revenue increased this
year to $28.653 million, up from
roughly $20.5 million in the last
two years. We project over $35
million in net revenue during FY
2023, partially based on a
backlog of $32.9 million as of
September 30, 2022. This is
impressive, we should all be
proud. We should also be careful
of the work we are taking on,
selective in the clients we work
for, delay start dates for work
where possible, and try to grow
strategically. Discuss these
criteria with your Managing
Directors and Practice Leaders
when deciding whether to go after a project. Take on projects that will move the needle forward.
And we will continue to hire appropriate staff to help us complete the projects. We know that
there is still a lot of covid money available for projects in the public realm, much of it now just
coming to market.

 invest more growth resources
outside of Illinois;
We have invested in many growth
opportunities outside of Illinois
this past year, beginning with the
acquisition of LEWA, and
continuing with multiple strategic,
principal level hires for the PK-12
and Municipal Practices in Texas.
We have opened an office in Fort
Worth, Texas to support some of
those hires, also expanding our
geographic reach. Our success in
acquiring public safety and golf
clubhouse projects, due in part to
previous strategic hires, across
Texas and the Southwest has
been impressive this past year.
We especially believe our FGMA and LEWA combined public safety and multifamily expertise,
existing business partners and client relationships have the promise to help this region flourish.

Page | 9 Chairman’s/CEO’s Report