secwatch.observer — SEC 8-K summary
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Issuer:     FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI)
CIK:        0001069394
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001493152-23-029101
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069394/000149315223029101/0001493152-23-029101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069394/000149315223029101/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-029101

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