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Flexible Solutions International, Inc. reports developments in specialty chemicals, biodegradable polymers, and water and energy conservation technologies. The company’s NanoChem Solutions Inc. subsidiary produces water-soluble products based on thermal polyaspartate biopolymers for uses including oil extraction, detergent ingredients, water treatment, scale inhibition, and crop enhancement.
FSI news commonly covers revenue releases, annual and quarterly financial results, conference-call updates, production activity, and facility changes tied to its Illinois food-grade operations and Panama agriculture and industrial products factory. Company updates also address crop nutrient availability chemistry, food and nutrition supplement manufacturing, and water-conservation products for drinking water, agriculture, industrial markets, and swimming pools.
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.
Flexible Solutions International (AMEX:FSI) reported a year-over-year revenue increase for the second quarter of 2021. The company's revenue rose from $7.71 million in Q2 2020 to $8.51 million in Q2 2021, marking a 10% growth. Full financial details will be disclosed on August 13, 2021, with a conference call scheduled for August 16, 2021. The company specializes in biodegradable polymers and water conservation technologies, making significant strides in environmental technology.
Flexible Solutions International (NYSE American: FSI) reports Q1 2021 financial results with revenue of $7,624,607, down from $8,429,486 in Q1 2020. However, net profit rose to $1,450,571, or $0.12 per share, compared to $1,264,675, or $0.10 per share, a year earlier. The company cites challenges from shipping difficulties and price increases affecting revenue, but anticipates recovery in Q2. Operating cash flow for the quarter was $1,513,629, a decline from $1,778,785 in the prior year. The NanoChem division remains the key revenue source as new opportunities are explored.