FSI ANNOUNCES FIRST QUARTER, 2025 FINANCIAL RESULTS
Rhea-AI Summary
Flexible Solutions International (FSI) reported its Q1 2025 financial results, showing decreased performance compared to the previous year. Revenue declined 19% to $7.47 million from $9.22 million in Q1 2024. The company reported a net loss of ($277,734) or ($0.02) per share, compared to a net income of $457,226 or $0.04 per share in Q1 2024.
The lower earnings were attributed to reduced sales volume, higher cost of goods including tariffs, and expenses related to CAPEX and Panama factory operations. Non-GAAP operating cash flow was $480,268 ($0.04 per share), down from $1.38 million ($0.11 per share) in Q1 2024. CEO Daniel O'Brien noted that customers who adjusted inventory in Q1 returned to normal order patterns in April, and ENP's lower revenue has rebounded in Q2.
Positive
- Customers have returned to normal order patterns in April 2025
- ENP revenue has shown rebound in Q2
- Operating cash flow remains positive at $480,268
- New opportunities emerging in detergent, water treatment, oil field extraction, and food/nutrition markets
Negative
- Revenue decreased 19% year-over-year to $7.47 million
- Net loss of $277,734 compared to profit in Q1 2024
- Operating cash flow declined 65% from $1.38M to $480,268
- Higher cost of goods and tariffs impacting margins
- Reduced ownership in FL LLC resulting in lower investment income
News Market Reaction – FSI
In the trading session that priced this news, FSI gained 2.09%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
A CONFERENCE CALL IS SCHEDULED FOR FRIDAY, MAY 16, 2025, 11:00AM EASTERN TIME
SEE DIAL IN NUMBER BELOW
TABER, ALBERTA, May 15, 2025 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. FSI is also increasing its presense in the food and nutrition supplement manufacturing markets. Today the Company announces financial results for first quarter ended March 31, 2025.
Mr. Daniel B. O’Brien, CEO, states, “The customers who adjusted inventory in Q1 returned to normal order patterns in April.” Mr. O’Brien continues, “ENP also saw lower revenue, which has rebounded in Q2 and we had lower investment income as a result of reduced ownership in the FL LLC.”
- Sales for the first quarter (Q1) were
$7,473,692 down approximately19% when compared to sales of$9,224,872 in the corresponding period a year ago. - Q1, 2025 net income (loss) was (
$277,734) , or ($0.02) compared to a net income of$457,226 , or$0.04 per share, in Q1, 2024. - The lower earnings reported for Q1, 2025 were due to lower sales volume, higher cost of goods including higher tariffs. Some costs that are needed for the CAPEX get classified as expenses and are set against current income. Our costs for the Panama factory have similar accounting effects.
- Basic weighted average shares used in computing earnings per share amounts were 12,587,476 and 12,449,699 for Q1, 2025 and Q1, 2024 respectively.
- Q1, 2025 Non-GAAP operating cash flow: The Company shows 3 months operating cash flow of
$480,268 , or$0.04 per share. This compares with operating cash flow of$1,382,874 , or$0.11 per share, in the corresponding 3 months of 2024 (see the table and notes that follow for details of these calculations).
The NanoChem division and ENP subsidiary continue to be the dominant sources of revenue and cash flow for the Company. New opportunities continue to unfold in detergent, water treatment, oil field extraction, turf, ornamental and agricultural use to further increase sales in these divisions. More recently, opportunities in the food and nutrition supplement manufacturing markets have emerged.
CONFERENCE CALL
A conference call has been scheduled for 11:00 am Eastern Time, 8:00 am Pacific Time, on Friday May 16th, 2025. CEO, Dan O’Brien will be presenting and answering questions on the conference call. To participate in this call please dial 1-888-999-5318 (or 1-848-280-6460) just prior to the scheduled call time. To join the call participants will be requested to give their name and company affiliation. The conference ID: SOLUTIONS and/or call title Flexible Solutions International – First Quarter, 2025 Financials may be requested
The above information and following table contain supplemental information regarding income and cash flow from operations for the period ended March 31, 2025. Adjustments to exclude depreciation, stock option expenses and one time charges are given. This financial information is a Non-GAAP financial measure as defined by SEC regulation G. The GAAP financial measure most directly comparable is net income.
The reconciliation of each Non-GAAP financial measure is as follows:
FLEXIBLE SOLUTIONS INTERNATIONAL, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THREE MONTHS ENDED MARCH 31, 2025 AND 2024
(THREE MONTHS OPERATING CASH FLOW - UNAUDITED)
| THREE MONTHS ENDED MARCH 31 | ||||||||
| 2025 | 2024 | |||||||
| Revenue | $ | 7,473,692 | $ | 9,224,872 | ||||
| Income (loss) before income tax – GAAP | $ | (153,678 | ) | $ | 780,387 | |||
| Provision for Income tax – net - GAAP | $ | (110,363 | ) | $ | (264,178 | ) | ||
| Net income (loss) - GAAP | $ | (277,734 | ) | $ | 457,226 | |||
| Net income (loss) per common share – basic. – GAAP | $ | (0.02 | ) | $ | 0.04 | |||
| 3 month weighted average shares used in computing per share amounts – basic.- GAAP | 12,587,476 | 12,449,699 | ||||||
| 3 month Operating Cash Flow Ended March 31 | ||||||||
| Operating Cash Flow (3 months). NON-GAAP | | |||||||
| Operating Cash Flow per share excluding non-operating items and items not related to current operations (3 months) – basic. -NON-GAAP | | |||||||
| Non-cash Adjustments (3 month) -GAAP | | |||||||
| Shares (3 month basic weighted average) used in computing per share amounts – basic -GAAP | 12,587,476 | 12,449,699 | ||||||
Notes: certain items not related to “operations” of the Company’s net income are listed below.
a) Non-GAAP – Flexible Solutions International purchased
b) Non-GAAP – amounts exclude certain cash and non-cash items: Depreciation and Stock compensation expense (2025 =
c) The revenue and gain from the
d) Non-GAAP – amounts represent depreciation and stock compensation expense.
SAFE HARBOR PROVISION
The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
Flexible Solutions International
6001 54th Ave, Taber, Alberta, CANADA T1G 1X4
Company Contacts
Jason Bloom
Toll Free: 800 661 3560
Fax: 403 223 2905
E-mail: info@flexiblesolutions.com
If you have received this news release by mistake or if you would like to be removed from our update list please reply to: info@flexiblesolutions.com
To find out more information about Flexible Solutions and our products, please visit www.flexiblesolutions.com.
