secwatch.observer — SEC 8-K summary
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Issuer:     FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI)
CIK:        0001069394
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001493152-23-010610
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flexible Solutions FY 2022 revenue up 33% to $45.8M; net income $7.0M, $0.57 EPS
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- Revenue $45,840,469 (+33% YoY) driven by NanoChem division and ENP subsidiary.
- Net income $7,021,604 ($0.57 per share) vs $3,449,162 ($0.28 per share) in FY 2021.
- Non-GAAP operating cash flow $8,442,735 ($0.68 per share) vs $5,645,095 ($0.46 per share).
- Higher earnings partly due to significant income tax carry forward rebate.
- CEO expects continued revenue, cash flow, and profit growth in 2023 despite headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069394/000149315223010610/0001493152-23-010610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069394/000149315223010610/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-010610

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