FSI Q1 2023 net income falls to $0.07/share; sales down 9% YoY

FLEXIBLE SOLUTIONS INTERNATIONAL INC

2024-Q1 EPS reported $0.07 revenue$9,847,517

Q1 sales $9.85M, down 9% from $10.78M in Q1 2022.
Net income $884K ($0.07 EPS) vs $1.53M ($0.12 EPS) a year ago.
Non-GAAP operating cash flow $1.73M ($0.14/share) vs $2.47M ($0.20/share).
CEO cites higher COGS and product mix; expects 2023 to exceed 2022.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FLEXIBLE SOLUTIONS INTERNATIONAL INC reported first quarter ended March 31, 2023 results: revenue $9,847,517, net income $884,369, EPS $0.07 per share.

Period: first quarter ended March 31, 2023
Revenue: $9,847,517
Net income: $884,369
EPS: $0.07 per share
Result: reported results

Exact text from the filing

delayed into Q2.” Mr. O’Brien continues, “We still see growth in 2023 across most of our markets and expect the year to exceed 2022.” ● Sales for the first quarter(Q1) were $9,847,517, down approximately 9% when compared to sales of $10,783,280 in the corresponding period a year ago. ● Q1, 2023 net income was $884,369, or $0.07 per share, compared to a net

View on SEC.gov

Browse all earnings releases →

FLEXIBLE SOLUTIONS INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001493152-23-017796

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.