---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017796"
form_type: "8-K"
ticker: "FSI"
cik: "0001069394"
company_name: "FLEXIBLE SOLUTIONS INTERNATIONAL INC"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:09:28.322337+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-017796
- form_type: 8-K
- ticker: FSI
- cik: 0001069394
- company_name: FLEXIBLE SOLUTIONS INTERNATIONAL INC
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069394/000149315223017796/0001493152-23-017796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069394/000149315223017796/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017796
- JSON: https://secwatch.observer/filing/0001493152-23-017796.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017796.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069394/000149315223017796/0001493152-23-017796-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.