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Flexible Solutions International, Inc. (FSI) develops, manufactures, and markets specialty chemicals designed to slow the evaporation of water. The company operates through two main segments: Energy and Water Conservation Products and Biodegradable Polymers.
One of their flagship products is the liquid swimming pool blanket, marketed under the WATERSAVR brand, which helps in conserving water and energy by reducing surface evaporation. Another notable product is HEATSAVR, a chemical solution for swimming pools and spas aimed at slowing water evaporation, thus saving both water and energy.
FSI also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers, which are environmentally friendly. These polymers find applications in various industries, contributing to the company's reputation as a producer of biodegradable solutions.
The majority of FSI's revenue is generated from the export of its products to international markets, underscoring its global presence and appeal.
Recently, Flexible Solutions International has been making strides in innovation and product development, ensuring they remain at the forefront of the specialty chemicals industry. Their commitment to sustainability and resource conservation continues to attract international partnerships and customers.
For more information about Flexible Solutions International and their products, visit their official website.
Flexible Solutions International (NYSE: FSI) reported a notable revenue increase for Q4 and full-year 2022. Q4 revenue surged to $12.1 million, a 34% rise from $9.04 million in Q4 2021. Full-year revenue improved from $34.4 million in 2021 to $45.7 million in 2022, reflecting a 33% increase. The CEO, Dan O’Brien, attributed this growth to the collective efforts of the team. Detailed financial results will be available on March 31, 2023, with a conference call set for April 3, 2023.
Flexible Solutions International (NYSE Amex: FSI) announced its Q3 2022 financial results, marking the third consecutive record revenue quarter with a 27% increase in sales to $11.69 million. Despite rising raw material costs impacting profits, net income for Q3 was $1.11 million or $0.09 per share. Year-to-date sales rose 33% to $33.63 million with a 14% profit increase, totaling $4.30 million. The company's NanoChem division remains a key revenue driver, and CEO Dan O'Brien forecasts positive results for Q4.
Flexible Solutions International (NYSE-AMERICAN: FSI) reported a 27% increase in revenue for Q3 2022, rising to $11.683 million from $9.214 million in Q3 2021. This growth reflects the company's strong performance in biodegradable polymers for oil extraction, water treatment, and energy conservation technologies. Full financial results will be released on November 14, 2022, alongside an SEC filing. A conference call is scheduled for November 15.
Flexible Solutions International (NYSE: FSI) has announced the termination of its Merger Agreement with Lygos Inc. on September 30, 2022. Despite this setback, both companies remain dedicated to collaborating on the development of sustainable aspartic acid and biodegradable products derived from it. FSI, based in Victoria, British Columbia, specializes in biodegradable polymers for various applications including oil extraction and water treatment. The company continues to focus on innovation in environmental technologies.
Flexible Solutions International reported strong Q2 2022 results, with sales reaching $11,165,143, up from $8,535,451 in Q2 2021. The net profit was $1,662,454 or $0.13 per share, compared to $1,176,761 or $0.10 per share year-over-year. Operating cash flow for the first half of 2022 was $4,560,754, an increase from $3,293,783 in the prior year. The CEO emphasized their commitment to maintaining growth momentum in the coming quarters.
Flexible Solutions International (FSI) has filed a registration statement with the U.S. SEC on July 25, 2022, regarding its planned all-stock merger with Lygos. This merger aims to create a leading sustainable specialty ingredient company, backed by a $160 million growth capital investment in Lygos. Both companies' boards have unanimously approved the agreement, which requires shareholder approval and satisfaction of customary closing conditions. The merger is expected to enhance FSI's biodegradable product offerings using Lygos' fermentation technology.
Flexible Solutions International (NYSE: FSI) reported a 30% year-over-year revenue increase for Q2 2022, with sales rising from $8.535 million in Q2 2021 to $11.125 million in Q2 2022. CEO Dan O’Brien expressed satisfaction with the revenue growth and optimism for the remainder of the year. Complete financial results will be available on August 15, 2022, aligning with the SEC quarterly filings. A conference call is scheduled for August 16, 2022, at 8:00 am PT.
Flexible Solutions International (NYSE-American: FSI) has achieved food grade compliance at its NanoChem facility in Peru, Illinois, after significant effort over the last 18 months. CEO Dan O'Brien emphasized the importance of this achievement for their expanding toll spray drying services. The company believes that this compliance opens up growth opportunities in a specialized industrial sector. Flexible Solutions specializes in biodegradable polymers and has a diverse range of products targeting environmental technology and crop enhancement.
Flexible Solutions International (FSI) reported strong Q1 2022 financial results, with sales increasing to $10,783,280 from $7,624,607 in Q1 2021. The net profit stood at $1,533,059, or $0.12 per share, which is consistent with the previous year's profit. Operating cash flow improved to $2,467,625 ($0.20 per share) from $1,429,112 ($0.12 per share) in 2021. CEO Daniel B. O’Brien mentioned ongoing challenges in international shipping, yet expressed a positive outlook for the next quarter.
Flexible Solutions International (NYSE-AMERICAN: FSI) announced a year-over-year revenue increase of approximately 41% for Q1 2022, with sales rising from $7.625 million in Q1 2021 to $10.783 million in Q1 2022. CEO Dan O'Brien noted that most of this increase comes from new business ventures, with the prior year’s delays also contributing to the growth. The complete financial results are expected on May 16, 2022, with a conference call scheduled for May 17, 2022.
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