Flexible Solutions Q2 revenue up 11% to $8.54M; net profit $1.18M ($0.10 EPS)

FLEXIBLE SOLUTIONS INTERNATIONAL INC

2021-Q2 EPS reported $0.09 revenue$16,160,148

Q2 2021 sales $8,535,451 vs $7,709,607 YoY; net profit $1,176,761 ($0.10/share) vs $1,132,867 ($0.09/share) YoY.
Non-GAAP operating cash flow for H1 2021: $3,293,783 ($0.27/share) vs $3,044,425 ($0.25/share) YoY.
CEO warned raw material and shipping costs may constrain margins in H2 2021; ocean container costs more than triple normal.
Invested additional $500,000 in Lygos (June 2021) for microbial aspartic acid development; total $1M now.
Tariff rebates of over $1M from China tariffs remain outstanding; expects future profitability boost when received.

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