secwatch.observer — SEC 8-K summary
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Issuer:     FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI)
CIK:        0001069394
Form:       8-K
Filed at:   2021-08-19T23:59:59+00:00
Accession:  0001004878-21-000063
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069394/000100487821000063/0001004878-21-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069394/000100487821000063/form8kfinresults8-21.txt
  HTML page:      https://secwatch.observer/filing/0001004878-21-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer