---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029101"
form_type: "8-K"
ticker: "FSI"
cik: "0001069394"
company_name: "FLEXIBLE SOLUTIONS INTERNATIONAL INC"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:15:03.050363+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FSI reports Q2 2023 net income down 51% YoY; CEO expects full-year revenue flat to down

## Summary
- Q2 2023 revenue $10.33M (-7% YoY); net income $809,865 ($0.07 EPS) vs $1.66M ($0.13 EPS) in Q2 2022.
- CEO cites higher cost of goods, lower sales, and product mix; predicted rebound did not occur.
- Full-year 2023 revenue expected flat to mildly down compared to 2022.
- 6-month non-GAAP operating cash flow $3.22M ($0.26/share) vs $4.42M ($0.36/share) in prior year.
- NanoChem division and ENP subsidiary remain dominant revenue and cash flow sources.

## SEC filing metadata
- accession: 0001493152-23-029101
- form_type: 8-K
- ticker: FSI
- cik: 0001069394
- company_name: FLEXIBLE SOLUTIONS INTERNATIONAL INC
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069394/000149315223029101/0001493152-23-029101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069394/000149315223029101/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029101
- JSON: https://secwatch.observer/filing/0001493152-23-029101.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029101.txt

## Key facts
- Earnings Releases
  FLEXIBLE SOLUTIONS INTERNATIONAL INC reported second quarter ended June 30, 2023 results: revenue $10,331,291, net income $809,865, EPS $0.07 per share.
  - Period: second quarter ended June 30, 2023
  - Revenue: $10,331,291
  - Net income: $809,865
  - EPS: $0.07 per share
  - Result: reported results
  source text: “We are observing headwinds in most of our markets now and expect full year revenue to be flat to mildly down compared to 2022.” ● Sales for the second quarter (Q2) were $10,331,291, down approximately 7% when compared to sales of $11,165,143 in the corresponding period a year ago. ● Q2, 2023 net income was $809,865, or $0.07 per share, compared to a net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069394/000149315223029101/0001493152-23-029101-index.htm

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