FSI Q1 sales $10.8M (+41%); net profit $1.53M ($0.12/sh) flat EPS YoY

FLEXIBLE SOLUTIONS INTERNATIONAL INC

Sales of $10,783,280 in Q1 2022 vs $7,624,607 in Q1 2021, a 41% increase.
Net profit of $1,533,059 ($0.12 per share) vs $1,450,571 ($0.12) – EPS flat despite higher profit due to slightly higher share count.
Non-GAAP operating cash flow rose to $2,467,625 ($0.20/sh) from $1,429,112 ($0.12/sh) in Q1 2021.
NanoChem division remained the dominant revenue and cash flow source; CEO cited strong contributions from all product lines.
CEO flagged macro risks from international shipping price and availability, but expects next quarter to be good.

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