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Flexible Solutions International Inc - FSI STOCK NEWS

Welcome to our dedicated news page for Flexible Solutions International (Ticker: FSI), a resource for investors and traders seeking the latest updates and insights on Flexible Solutions International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Flexible Solutions International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Flexible Solutions International's position in the market.

Rhea-AI Summary
Flexible Solutions International, Inc. (FSI) announces a decrease in revenue for the fourth quarter and full year of 2023, with sales dropping by approximately 24% year over year in Q4 and a full year decrease of 17%. The CEO attributes this to the company's raw material inventory costs and customer expectations. FSI plans to recover margins and resume growth in 2024.
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0.56%
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Rhea-AI Summary
Flexible Solutions International, Inc. (NYSE Amex: FSI) announces a poor third-quarter financial performance, with a 25% decrease in sales compared to the same period last year. The net loss was $(718,161), or $(0.06) per share, in Q3, 2023, attributed to higher cost of goods, lower sales, and product mix. The Company plans to review operating costs and seek lower cost of goods to regain profitability. The NanoChem division and ENP subsidiary remain the main sources of revenue and cash flow. A conference call with CEO, Dan O'Brien, is scheduled for November 15th, 2023, to address these financial results.
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-2.22%
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earnings
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Rhea-AI Summary
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-11.99%
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Rhea-AI Summary
Flexible Solutions International, Inc. (FSI) has announced its top line revenue for the second quarter of 2023. Sales decreased by approximately 7% compared to the same period last year, with revenue dropping from $11.165 million in Q2 2022 to $10.330 million in Q2 2023. Complete financial results will be available on August 14, 2023, and a conference call is scheduled for August 15, 2023.
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Flexible Solutions International, Inc. (FSI) has invested in a property in Mendota, IL. FSI has purchased 80% of an Illinois LLC, called 317 Mendota, which owns an industrial building. FSI subsidiary, ENP, will lease some space in the building and consolidate all operations there. This move will allow NCS subsidiary to occupy space in Peru, IL currently used by ENP. FSI expects the building to support the anticipated growth of both subsidiaries. Additional space in the building will be leased to other companies, with positive cash flow expected in 2024 and beyond.
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1.78%
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Rhea-AI Summary
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0.7%
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-2.41%
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Flexible Solutions International Inc

NYSE:FSI

FSI Rankings

FSI Stock Data

23.38M
8.14M
45.57%
9.1%
0.08%
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