Flexible Solutn Stock Price, News & Analysis

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.

Flexible Solutions International, Inc. (FSI) and Lygos, Inc. have announced a definitive all-stock merger agreement following a $160 million investment in Lygos to scale production. The merger aims to integrate their technologies to meet rising demand for sustainable chemical ingredients. The agreement has gained unanimous approval from both companies' boards and is expected to close in Q3 2022, pending stockholder approval. The merger positions FSI to enhance its biodegradable product offerings, with Lygos’ CEO set to lead the combined entity.

Flexible Solutions International (FSI) reported strong financial results for the year ended December 31, 2021, with revenues reaching $34.42 million, a 10% increase from the previous year. The net profit also rose by 16% to $3.45 million or $0.28 per share. Operating cash flow increased by 24% to $5.65 million. The company anticipates further growth in 2022, supported by new customer engagements and product introductions, despite facing significant increases in shipping costs and raw material prices.

Flexible Solutions International (FSI) reported a 23% year-over-year revenue increase for Q4 2021, with sales rising from $7.16 million in Q4 2020 to $8.82 million. CEO Dan O’Brien highlighted challenges such as material shortages and shipping issues but noted strong performance under these conditions. Full financial results will be released post-market on March 31, 2022, followed by a conference call on April 1, 2022.

Flexible Solutions International (FSI) reported strong Q3 results for 2021, with sales reaching $9,214,467, a 14% increase from the previous year. The net profit stood at $1,162,624, or $0.09 per share, compared to $582,369 or $0.05 per share in Q3 2020. The company's operating cash flow for the first nine months was $5,505,516, reflecting solid performance despite challenges in shipping and raw material prices. CEO Dan O'Brien indicated optimism for recovering profitability as market conditions improve.

Flexible Solutions International (FSI) reported a 14% increase in revenue for Q3 2021, generating $9.21 million compared to $8.11 million in Q3 2020. This growth reflects the company's successful push in the biodegradable polymer sector and its commitment to environmentally safe technologies. Complete financial results will be released on November 15, 2021, followed by a conference call on November 16 at 8:00 AM PT. FSI continues to innovate with products like WaterSavr and Heatsavr aimed at water and energy conservation.

Flexible Solutions International, Inc. (NYSE Amex: FSI) reported Q2 2021 sales of $8,535,451, up from $7,709,607 year-over-year. The company achieved a net profit of $1,176,761 or $0.10 per share, compared to $1,132,867 or $0.09 per share in Q2 2020. CEO Daniel O'Brien expressed confidence in maintaining growth despite rising raw material and shipping costs. The NanoChem division remains the primary revenue source, with promising opportunities in various sectors.